sangetsu03's past comments

  • 4

    sangetsu03

    The ONLY businesses that survived th 1992 riots were the ones with the OWNERS, ON the ROOF, with GUNS..everything ELSE burned.. Lesson LEARNED.

    I was there. In the riots the police completely disappeared, and it was every man for himself. It is spooky to be in a large city in America, and to have no law. 911 didn't work, all you got was a busy signal. People were looting, stabbing, shooting, and burning, and there was no fire department, and there were no police. 1100 buildings in my city were burned down.

    It wasn't long after this that I started working in law enforcement myself. I had nothing against regular citizens owning and carrying guns, I knew from experience that the police could not always be relied on to come when they were needed. People need a way to defend themselves, their homes, families, and businesses.

    There is no excuse whatsoever for the looting and burning in Ferguson. What did the building and shop owners do to deserve having their property destroyed? What about the people who work in these places? Where will they work tomorrow? How will they support themselves and their families during the holidays.

    Most of these businesses will not be rebuilt, their will be fewer jobs, and more poverty. The people of Ferguson may not be fond of their police force, but they have no idea how bad things would be there without it. Perhaps they know a little more now, but I wouldn't bet on it.

    Posted in: Fires burn in Ferguson; gunshots heard in streets

  • 1

    sangetsu03

    Often amazed how little people are paid and manage to survive on.

    And because they get so little, they can't afford to have children, so the population decreases, consumption declines, deflation ensues, and the government squanders.

    “The economy remains in recovery even though consumption and some other parts of the economy are weak,” the Cabinet Office said in its monthly economic report.

    Yet growth, inflation, and employment targets are all missed, the first one by a whopping 400%. If this is a recovery, I would hate to see what they call the alternative.

    Posted in: Gov't cuts view of job market

  • 0

    sangetsu03

    Both are about money. In America, the more sensational or bloody a story is, the more ratings a news channel can get. Higher ratings means higher ad revenue. Take a look at Ferguson, Anderson Cooper, with at least 4 assistant reporters, several news vans, and a helicopter. They had to be foaming at the mouth when the first fires lit up the night.

    In Japan, ad revenue comes from established business partners, so any news critical of these business partners (or their friends in politics) doesn't get much print or air time. Remember the Olympus scandal? Front page on the Wall Street Journal and London Times, but buried on page 6 or 8 of the Japanese papers, and spun to make the story sound like scandal was just a cultural misunderstanding by a foreigner ignorant of Japanese business practices.

    Posted in: What do you think are some of the main differences in the way Japanese and U.S. media report the news?

  • 1

    sangetsu03

    Cover up that didn't work, and caused the death of 1760 people. And what in the world is the lame excuse -data entry

    We don't know how many deaths there were, the title to the article is not specific (and misleading).The normal ratio of deaths to injuries in car accidents is about one killed for every 1000 injured. Following this formula, we could expect only one or two deaths out of all the cases reported. Relative to the number of accidents in which the airbags detonated (for want of a better term), the number of injuries are quite low. A poorly placed cupholder or radio volume switch is likely to cause even more injuries or deaths when the awkward position distracts drivers eyes from the road. But it is not the number of deaths or injuries which is important, the main point is that this information was not shared, so the problem with the airbags was not more quickly detected.

    As a former car accident investigator, i know that even a "normal" airbag deployment can result in blackened eyes, broken facial bones, or other injuries. Airbags have saved lives, but generally speaking, those lives would just as easily have been saved by seatbelts. I can't count how many accidents I have respnded to in whch seatbealts were not fastened, or which were fastened (to stop the warning buzzer), but the drivers or passenger sat on top of the belts. A large number of the many fatal accidents I have investigated would not have been fatal, had the passengers (especially children) been wearing seatbelts.

    There is no such thing as a "safe" car, so one needs to take every precaution when driving, and this means not relying only on airbags as a safety restraint, always wear your seatbelt, and keep your eyes on the road.

    Posted in: Honda admits failing to report 1,729 deaths, injuries to U.S. regulators

  • -1

    sangetsu03

    Nobody knows how the secret tribunal broke down their decision. There are 12 on the panel and it would have required nine of them to agree to indict. So, conceivably, a jury that voted 8 against 4 to indict, the result would have been the same: No indictment.

    There never was enough eveidence to take the case to the grand jury in the first place. The only reason this step was taken ws to appease the public. Charges were not recommended for the simple fact that they weren't warranted. This case was not complex or difficult to understand, the evidence was straight forward. The federal government oversaw the investigation, and have conducted their own, and they will not prefer charges either. The story told by the officer was (gasp!) the truth.

    The testimony and evidence will now be made public record, and you can read it yourself, if you like. But you have probabaly already made up your mind based upon hyped-up media reports with interviews of people who told repoerters stories of what a friend of a friend may have seen. .

    Posted in: Grand jury decides not to indict police officer in Ferguson shooting

  • 2

    sangetsu03

    Increasing immigration does not address the underlying problems which are causing the decline of the Japanese population. As I said in another post, if your bathtub is leaking, what do you do, keep adding water, or fix the leak?

    Japan's dercreasing population is caused by Japan's economic environment, mainly the high cost of living. Your average Japanese (politicians not included) understands basic math. He or she can look at his or her present and future salary, and then subtract the cost of raising and educating a child. The amount left over is often too small for your average Japanese household with an average pre-tax income of 4.5 million yen, especially as yen devaluation and a heavier tax burden further drive up costs, and evaporate disposable income. What's more, even those who can afford to have children don't have much optimism for the future, and don't want to bring up children in such an environment.

    Posted in: Do you think Japan should allow immigration by unskilled workers?

  • 0

    sangetsu03

    The ironic thing is that as bad as the LDP and Abenomics have been, the DPJ would probably have done a worse job. Neither party has the strength or courage to make the tough decisions and take the tough actions necessary to turn the economy around. Both parties have used the same policies of stimulus spending and taxes in attempts to turn around the economy. These policies have failed, yet the only thing either party can advocate is more of the same. Neither party will admit that they are the problem, and that it is their policies, or the lack of necessary policies which are pulling Japan down.

    Posted in: DPJ takes aim at 'Abenomics'

  • 0

    sangetsu03

    What do insurance companies have to say about their projections for premiums next year or 10 years from now? How much more is the reinsurance they buy to protect them from over-the-top disasters expected to cost?

    Except that the 2013 IPCC report on climate change specifically says it expects no increase in extreme weather events, so if we believe that the IPCC says that global warming is occurring, we must also accept that there will be no extreme weather, or associated costs, right? And if there are no extreme events, there should be no increase in insurance to pay for damage the which will not occur. We have seen a remarkable decrease in extreme weather, particularly in America, where there seems to be a record lack of hurricanes for the past decade, and far fewer tornado-related deaths than usual.

    The way to help make sure that both countries keep to those commitments is to keep driving home the cost of not doing so with tangible, dollars-and-cents journalism.

    A good thing he said "dollars and cents" instead of "sense".

    As we head into 14 years, 2 months with no increase in temperatures, while the fact that C02 has increased steadily, despite hundreds of billions of dollars spent to reduce CO2, I wonder exactly which cost has been higher. Had we done nothing, it seems it would have made no difference, and we would be hundreds of billions of dollars better off.

    Ice appeared on Lake Superior on November 15th this year, two weeks earlier than it did last year. And last year's early ice formation was a record, and the extent of the ice in the great lakes last year was also a record. It looks as though that record will be smashed this year, as cold weather is off to an unusually early start. Last year also saw the record for the coldest temperature ever recorded by man on earth. Funny how global warming causes such cold weather.

    Posted in: Bottom line on climate change: It's costing you money

  • 1

    sangetsu03

    As for Japan's rising profits, read this:

    You are making me to read an article for the third quarter of last year? What does anything which happened a year ago have to do with right now? A decrease in GDP is caused by a decrease in economic activity, which does not happen when companies are earning good profits, right?

    You have a yen creation machine???

    Luckily, I get paid in dollars. I exchange these dollars for yen, and as I am getting more and more yen for my dollars, apparently people are seeing less value in the yen. If you are paid in yen, you have seen a great deal of the value of your savings evaporate into thin air over the past three years.

    If everyone took responsibility for their own wealth, there would be no employees anywhere, and society wouldn't be able to function.

    Why not? I am not an employee, and I make enough money to get by. There is such a thing as working for yourself. Another term for "employee" is "wage slave". At least when i work for myself, I don't have to grovel for a raise or promotion. If I want more money, I find new ways to make it. It isn't especially easy, but on the other hand, I am my own man. There is a lot to be said for personal and economic freedom. If you let other people take responsibility for your wealth, don't be surprised if you never have any wealth.

    The problem we have in Japan is that too few people have the courage to work for themselves. It is people who create businesses, and businesses which create work for employees or other businesses.

    Posted in: BOJ keeps economic outlook despite recession

  • 0

    sangetsu03

    As a result, the favorable economic conditions of 2013 are likely to be restored in Japan next year. Investor pessimism caused by April’s tax hike has vanished - and rightly so. When the facts change, people should change their minds.

    But then Japan released it's third-quarter economic figures, and instead of the 2.4% growth they had predicted, they ended up with a 1.6% drop. This means that the favorable economic conditions of 2013 are likley not to be seen again. Invester pessimism never vanished, investers have profited as they can from the situation, like a doctor who collects fees for treating a terminally-ill patient.

    Posted in: Time for a 'melt-up': The coming global boom

  • 1

    sangetsu03

    And is also why people don't want to have kids. Kids are expensive (and Abenomics is just adding to that expense), while companies try to cut costs, and whine about the shortage of human resources while refusing to give proper jobs to younger employees.

    Your first point is correct. But according to government figures, last year 70% of Japanese companies reported a loss. It is hard to give proper pay or proper jobs when your company is not earning a profit. And let's not forget that bankruptcy is akin to a crime in Japan, bankrupts lose their right to vote, can never obtain credit, and cannot be given full-time jobs. Company presidents and business owners will avoid such a risk at all costs, so they are not going to invest, hire, or pay more unless they are certain of a positive result. Right now they aren't.

    Posted in: Japan can't print people

  • 1

    sangetsu03

    If Abe, Amari, Aso, and Kuroda were like the samurai of old, they would be contemplating seppuku by now.

    What is amazing is not that Japan's monetary easing, asset purchases, and stimulus spending failed to generate GDP growth, but that the Japanese government and economists (including economists outside Japan) believed that it would.

    Is modern economics that far detached from basic common sense? Economics is simple cause and effect, and involves repatively simple math. But like in other sciences, economists are financially or politically motivated to produce results which comply with the desires of those who pay them, or which fit their own ideological outlook.

    Japan's basic problem is demographics, namely the rapidly falling population. The cause of the falling population is absurdly simple, it is simply too expensive to raise children in Japan. Your average Japanese (politicians not included) has a pretty good understanding of math. He can look at his present and future salary, and the cost of raising and educating a child. When he subtracts the latter number from the former, he will likely determine the cost to be too high.

    The deflationary cycle Japan has found itself mired in is a natural reaction to the current situation. The combination of an uncompetitive business environment, an overly-protected domestic economy, heavy regulation, and heavy taxation have pushed the cost of living higher than people find acceptable. So the people consume less, and have less children. Left alone, prices would eventually find a floor to settle on, consumption would resume, and growth would return.

    But the current policy of increasing inflation while simultaneously raising taxes only bumps up an already overly-high cost of living. The result is even less consumption, even fewer children being born, and economic collapse.

    Our politicians and central bankers are like the doctors of the middle ages, whose main remedy for all illnesses was to bleed their patients. This always hurt, and never helped, but it took doctors centuries to learn that their treatment was useless. How long will it take our politicians and central bankers to learn the same thing?

    Posted in: BOJ keeps economic outlook despite recession

  • 1

    sangetsu03

    That's a real stretch (of the truth). The govt floats the bonds and it is currently actively DISCOURAGING institutions and individuals from buying JGBs and to buy other higher yielding instruments instead.

    The only thing discouraging institutions and individuals from buying JGB's is the financial credibility of government which issues the bonds. The same government which missed it's GDP predictions by 400%, and which earned $45 billion in revenue at a cost to the taxpayers and economy of $120 billion, for a net loss of what? $75 billion? No wonder people are discouraged from buying JGB's, playing pachinko will give them a better return.

    You want to blame the consumption tax for this mess? Try again. In case you don't remember, one of the primary reasons Abe embarked on monetary easing and asset purchases was to increase inflation. How is inflation different from a tax increase? Don't both take money from the pockets and savings of the people? Isn't the end purpose of the tax and increased inflation to help manage the national debt?

    Posted in: Aso says sales tax hike delay must not happen again

  • 2

    sangetsu03

    You're suffering? Maybe you aren't playing your cards right? You analyse stocks, I recall, and the stock market has been going up. Did you pick a bunch of losers? I'd have thought stock market folks would have been making a killing in recent years, despite the evil banks and corporations.

    He said a few months ago that his portfolio had doubled since 2008, but then he wouldn't have had to do anything special, as the market itself has doubled over the same period. My portfolio doubled between 2008 and 2009, and has continued to do well. I am not doing as well as I would like, but I am not suffering, mainly because I depend on myself to make ends meet, rather than a bank, company, or government handout.

    Posted in: BOJ keeps economic outlook despite recession

  • 2

    sangetsu03

    Commercial banks have actually been selling down their holdings, as will the GPIF. No one wants to buy MORE of such trash, at least. It appears that this is a big reason why the BOJ boosted their own purchases to 80 trillion a year, enough to cover the amount to be sold by the GPIF, as well as the new issuance.

    True enough, but I wonder who the banks are selling their holdings to? The main buyer of JGB's is the now the government itself, which is even worse than the previous situation. When the general market buys bonds, the bond rate is dependent on the perceived responsibility of the issuer, and his ability to repay. In the past, people thought Japan was wise not to sell their bonds on the general market. But if they had, the would have had to manage their economy much more responsibly in order to find buyers for their bonds, and we would not be in the situation we find ourselves in now.

    Those who believe that the exchange rate has nothing to do with them are rather mistaken, I would suggest, but so long as they only eat rocks and dirt then they should be just fine.

    I am paid in dollars, and three years ago people laughed at me for not being paid in yen. I guess I am doing the laughing now.

    Posted in: Aso says sales tax hike delay must not happen again

  • 1

    sangetsu03

    The banks and corporations kicked the legs out from under the economies of the developing nations, and are today sitting on record profits and cash while the rest of us suffer.

    Let me see here, last year 70% of Japanese companies reported a loss. I would guess these companies aren't sitting on any record profits, are they? Panasonic, Sharp, and Hitachi have posted profits this year, but these profits are a scant fraction of the losses they have incurred over the past few years, so I would guess they aren't sitting on much cash either.

    Next, the big automakers had a pretty good year, but not in Japan. None of them earned a yen in profit on their Japanese sales, all their profit was made overseas. This profit was taxed overseas, and it will probably be reinvested overseas, right?

    The banks have had a great run up in stocks. Companies have seen about $1 trillion in stock-value increases. But why? Most of these companies were profit-neutral, some earned a profit, many made a loss, yet their stock prices went up significantly?

    Your government and central banks decided to implement easy money policies, which allowed these companies to issue debt to buy back their own stock, and thus drive up it's price, even while their companies were earning little or no profit. Executive pay is based on stock performance, not profit, so these executives have found a way to bump up their pay without having to make their companies perform.

    You can bet the families of Kuroda, Aso, Amari, and Abe will be able to find good jobs in these companies in return for the good work they have done to bump up executive pay. But that's how politics works in the real world. You make a big mistake when you believe that the government exists for the good of the people, and that the policies they create benefit you and I. The banks and corporations do not own politicians, the politicians own the banks and corporations, and that has always been the case.

    There are no "record profits" in Japan. There are no piles of cash, there is only a yen value assigned to a piece of paper which is a share in a company which was inflated in value because money borrowed from the central bank caused a demand increase when it was used to buy such shares.

    GDP fell by 1.6% in the Q3. If there are record profits, and companies and banks are doing so well, why did GDP decrease?

    Posted in: BOJ keeps economic outlook despite recession

  • 1

    sangetsu03

    Well, that's wrong, at the most basic level, and that's why this debt-hawk school of thought that over the years predicted skyrocketing int rates and debt defaults has been consistently wrong.

    The actual rate is 26%. Officially, 26% of all tax revenue collected in Japan is paid on debt-servicing costs. And as Japan creates and buys more assets, this number increases, doesn't it?

    The only reason the rates have not gone up is because the BOJ has twisted the arms of the commercial banks to buy bonds at low rates. Bonds are bought mainly by domestic investors because no one else will buy them at the rates they pay.

    Skyrocketing rates would be occurring if Japan were not manipulating it's bond market. But this manipulation can only go on for so long. What is going to happen if the yen continues it's slide? Already the Wall Street Journal is predicted a rate of 140 yen to the dollar, or higher. If this happens, rates will go up, and if they do, Japan will be paying much more than 26% on debt-servicing costs, right?

    Posted in: Aso says sales tax hike delay must not happen again

  • 1

    sangetsu03

    “Creating a political vacuum at a time when we are still in need of economic stimulus should never happen,” he told the mass-selling Yomuiri Shimbun.

    Yeah right, this politician wants stimulus money so he can award contracts to his cousins, nieces, and nephews, who will of course return the favour to him further down the road.

    The one thing which should never have happened was all of the wasteful and kick-back driven stimulus projects. The big conglomerates and stock market got all the money, and our current crop of politicians will all benefit from amakudari positions with these places when they retire. Most Japanese got nothing out of the deal, and they will get nothing out of future stimulus spending either.

    Posted in: Gov't defends election over 'waste of money' criticism

  • 0

    sangetsu03

    It increased.

    Last year Japan's tax revenue was about $450 billion. If revenue increased 10%, that makes this year's revenue about $495 billion. But a 1.6% decrease in GDP equals about $74 billion lost to the economy, right? This significantly outweighs the gain of $45 million. And then we can add the further $50 billion spent to stimulate the economy after the tax increase. So the government managed to net an increase of $45 billion, at a cost to the the taxpayers and economy of about $125 billion? Are we supposed to be happy about this?

    Posted in: Aso says sales tax hike delay must not happen again

  • -1

    sangetsu03

    And yet the overall population of polar bears has increased, hasn't it? There has been no study which has concluded that the oversll population of polar bears is declining, is this not so? In fact, there are more polar bears now than there have been in more than a century and an half, right? And, according to scientists, polar bears had no trouble surviving the last interglacial period when there no sea ice whatsover, correct?

    In every population of every species, you will find parts which are growing or declining, because nature is not static, and never has been. Never, at any period in the long history of the world has there been no climate change, or other forms of change. Seas rise and fall, as do mountains, continents move. The world is in constant, neverending change, which benefits some populations, while at the same time hurting others.

    Posted in: Polar bear numbers down 40% in parts of Arctic

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