Originally posted by Piggle HumsyYeah he definitely is a piece of work but like how does a 10 yr o come to the decision to torture and kill another child? Where did that come from? Nothing came out about his parents involving abuse, they seemed really naive and couldn't believe he'd done it. "Evil" is such a broad and weird concept, did nature just say like "**** it, this one's a killer" or something?
Jon Venables was the ring leader, he knew exactly what he was doing because he lied about it to the police, so he knew it was wrong.He's a sick evil shit, regardless of his upbringing, people have been through worse and not done anything as bad as he did to that poor boy. It wasn't just murder, it was torture.
He should have never been allowed back on the street.
He doesn't deserve anonymity.
He's consistently reoffended and either needs to be locked up or named so that someone can take care of him privately.
He had a manual on how to be a pedo. He is sick and always will be.
I think he does deserve anonymity because otherwise people would just take 'justice' into their own hands, which isn't really justice because an eye for an eye is barbarism but 100% agree he shouldn't have been let out, at least after his second arrest. The predator manual is just ****ed and shows he was probably gearing up to doing something else, so they should lock him away for society's sake and leave him there until he dies really, only way to make sure. If someone else gets hurt by him then maybe it would be better to just kill him but I don't think any civilised society should kill
Originally posted by walshyNo stupid people should just stop trying to out him, there are laws in place for a reason and they think they can flaunt them because they know better
Because random pics of people are being used saying it's him I feel like for everyone else's safety they should reveal him but then they'll have to change his name and location again or something
I say just charge anyone trying to out him with conspiracy to murder because that's legally what it is
I'm not letting Our Kid Mick and 'is wife Debbeh from ****ing Doncaster or somewhere be their own court of law
Originally posted by Ganner Rhysode
March, 2006 Domestic #1:
Are American business leaders confident in Ben Bernanke’s leadership of the Federal Reserve Board?How Will Ben Bernanke Affect Your Returns?
by Jeremy Siegel, Ph.D.
Friday, November 4, 2005
We know that Ben Bernanke is smart. He received a 1380 on his SATs, and he graduated summa cum laude from Harvard. We also know he has a great memory, as he went to the finals of the National Spelling Bee. But will he make a good Chairman of the Fed, the world's most powerful economic institution?
There is no doubt he will be confirmed as the next Chairman of the Board of the Federal Reserve System. And, if he is reappointed by future presidents, he could become the longest serving Chairman in history. He can legally serve as chairman for 28 years -- 10 years more than Greenspan -- in which case he would retire at 79, the same age that his lionized predecessor stepped down. However long he serves, his leadership will most certainly impact the future for investors.
Difficult Period of Transition
Bernanke will not be taking over the helm of the economy at an easy time. The Greenspan Fed has been steadily increasing interest rates for more than a year. This course of action was straightforward; facing a strong economy and rising inflation, the Fed's decision to raise rates from their low of 1 percent was really a no-brainer.
But now that the Fed has increased the funds rate 12 consecutive times to 4 percent, all indications show we are very near the end of the tightening cycle. The futures markets expect an increase in December and perhaps on January 31, which is Greenspan's last day of tenure at the Fed. Thereafter, the Fed's future course of action will be up to the new chairman.
Bernanke will likely be stepping in as Chairman when the short-term rate will be nearly as high as long-term rates are today. Historically, when the yield curve is this flat, it's a warning sign of dismal times ahead and a signal for the Fed to stop hiking rates.
Navigating these risks successfully will be challenging for the new chairman. To stop raising rates may make the market question Bernanke's anti-inflationary bona fides. Greenspan can smooth the transition by stopping the rate increases in January, so that Bernanke will not take all the heat. In any case, the market will not give him much time to make his mark. He must show anti-inflation resolve quickly or risk weakening the image of the Fed chairman.
Bernanke's abilities will be tested in areas in which he is not yet well versed. Although he is extraordinarily intelligent and well-trained, Bernanke is not Alan Greenspan. Greenspan thrived on economic data and was a successful economic forecaster well before he joined the Fed. Last January, at the American Economic Association meetings held in Philadelphia, Bernanke admitted that his academic training did not prepare him for what he termed "current analysis," the ability to tease a forecast out of the mounds of statistics that the economy spews forth. Clearly he will have to get up to speed on these issues quickly.
Inflation Targets
Where will Bernanke take the Fed in the long run? The primary purpose of the central bank is to maintain a low and stable rate of inflation. Bernanke champions the idea of the Fed setting "inflation targets", a policy Greenspan shied away from. In March of 2003, Bernanke stated the Fed is currently in a good and historically rare situation of having the full confidence of the capital markets. "We would be smart to try to lock in this consensus a bit more by making our current procedures more explicit and less mysterious to the public," he stated.
But what inflation targets will the new governor set? At remarks he made at the Federal Reserve Bank of St. Louis on October 17, 2003, he claimed that a rate of "about 2 percent would be the optimal long run rate of inflation." This implies, although he did not state this explicitly, that a range of 1 percent to 3 percent would be an appropriate target zone for inflation. This is exactly the current range of the Bank of England, but higher than the zero to 2 percent range set by the European Central Bank.
Bernanke comes to 2 percent, because if inflation is lower there is a greater chance that short-term interest rates can hit zero, a situation which famed economist John Maynard Keynes labeled a "Liquidity Trap." The liquidity trap makes it difficult for the central bank to stimulate the economy because once short-term rates hit zero, they cannot be lowered further. At this point, interest rates can no longer be used as a stimulus to the economy. The last time short-term rates hit zero in the U.S. was the Great Depression.
Bernanke has extensively studied the destructive effects of deflation, and he concluded that by keeping the inflation rate comfortably above zero, but not at level that is harmful to the economy, policymakers can minimize the probability the economy faces the deflationary dilemma.
An inflation range with an upper bound of 3 percent sends chills down the spine of inflation hawks, who want the Fed to clamp down on any inflation rates over 2 percent. Yet, the banks of New Zealand, Canada, Sweden, Israel, and the U.K. all target inflation rates of exactly that 1 percent to 3 percent range.
Inflation hawks do not find these comparisons comforting. Most of these countries historically experienced much higher inflation than the U.S. did, so a 1 percent to 3 percent range is not a very ambitious goal. More to the point, Bernanke will be asked how the U.S. can have a higher inflation target than the European Central Bank which is supposed to begin anti-inflationary policy when inflation hits 2 percent.
The Bottom Line for Investors
Bernanke is clearly aware that being perceived as being soft of inflation would be deadly for a new Fed chairman. Loss of confidence in his anti-inflationary resolve would cause long-term interest rates to rise. As a result, Bernanke may have to compromise on his stated targets and settle for a range "not more than 2 percent."
Nonetheless the new chairman's predilections will be to err on the side of additional stimulus if the economy falters. His steadfast resolve to avoid deflation should make bonds far less attractive to investors. One of the reasons bond yields are so low today is that investors want to hold government and high-grade bonds in case the U.S. spins into a Japanese-style deflation. With Bernanke at the helm this outcome is virtually precluded.
On the other hand, stocks should benefit from a slightly easier monetary policy. Deflation is death for stocks since falling output prices reduce profits and debt payments become far more burdensome. Deflation smashed worldwide stock markets in the 1930s and the Japanese stock market in the 1990s. Bernanke will be willing to risk a tad more inflation to ensure these grim outcomes never happen again. The bottom line: Stock investors should be all smiles with President Bush's new choice of Fed governor.Source: http://finance.yahoo.com/columnist/article/futureinvest/1391?p=1 (Yahoo! Finance)