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Wednesday, March 14, 2018

The OPR recommendation that McCabe be thrown off the payroll follows an internal report from the DOJ inspector general that concluded McCabe was not fully forthcoming in answers about whether he talked to a reporter concerning the FBI's investigation of the Clinton Foundation. The IG report has not been made public, but may be released soon. McCabe, who has been with the FBI since 1996, is a civil service employee who can't be fired without evidence of wrongdoing.

Thursday, February 01, 2018

Latest forecast: 5.4 percent -- February 1, 2018 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 5.4 percent on February 1, up from 4.2 percent on January 29. The forecast of real consumer spending growth increased from 3.1 percent to 4.0 percent after this morning's Manufacturing ISM Report On Business from the Institute for Supply Management, while the forecast of real private fixed-investment growth increased from 5.2 percent to 9.2 percent after the ISM report and this morning's construction spending release from the U.S. Census Bureau. The model's estimate of the dynamic factor for January -- normalized to have mean 0 and standard deviation 1 and used to forecast the yet-to-be released monthly GDP source data -- increased from 0.42 to 1.37 after the ISM report.

Friday, December 22, 2017

Yesterday, deputy FBI director Andrew (you can call him Andy if you're hanging out in his office handicapping presidential races) McCabe testified for about seven-and-a-half hours before the House Intelligence Committee But when pressed to identify what in the salacious document the bureau had actually corroborated, the sources said, McCabe cited only the fact that Trump campaign adviser Carter Page had traveled to Moscow. Beyond that, investigators said, McCabe could not even say that the bureau had verified the dossier's allegations about the specific meetings Page supposedly held in Moscow. If this is correct, then contrary to the popular anti-Trump meme that "the dossier has been validated," apparently nothing in the dossier has been verified by anyone other than Carter Page's documented trips to Russia.


URBAN LEGEND! The Arizona Highway Patrol were mystified when they came upon a pile of smoldering wreckage embedded in the side of a cliff rising above the road at the apex of a curve. The metal debris resembled the site of an airplane crash, but it turned out to be the vaporized remains of an automobile. The make of the vehicle was unidentifiable at the scene.

The folks in the lab finally figured out what it was, and pieced together the events that led up to its demise.

It seems that a former Air Force sergeant had somehow got hold of a JATO (Jet Assisted Take-Off) unit. JATO units are solid fuel rockets used to give heavy military transport airplanes an extra push for take-off from short airfields.

Dried desert lakebeds are the location of choice for breaking the world ground vehicle speed record. The sergeant took the JATO unit into the Arizona desert and found a long, straight stretch of road. He attached the JATO unit to his car, jumped in, accelerated to a high speed, and fired off the rocket.

The facts, as best as could be determined, are as follows:

The operator was driving a 1967 Chevy Impala. He ignited the JATO unit approximately 3.9 miles from the crash site. This was established by the location of a prominently scorched and melted strip of asphalt. The vehicle quickly reached a speed of between 250 and 300 mph and continued at that speed, under full power, for an additional 20-25 seconds. The soon-to-be pilot experienced G-forces usually reserved for dog-fighting F-14 jocks under full afterburners.

The Chevy remained on the straight highway for approximately 2.6 miles (15-20 seconds) before the driver applied the brakes, completely melting them, blowing the tires, and leaving thick rubber marks on the road surface. The vehicle then became airborne for an additional 1.3 miles, impacted the cliff face at a height of 125 feet, and left a blackened crater 3 feet deep in the rock.

Most of the driver's remains were not recovered; however, small fragments of bone, teeth, and hair were extracted from the crater, and fingernail and bone shards were removed from a piece of debris believed to be a portion of the steering wheel.

Ironically a still-legible bumper sticker was found, reading
"How do you like my driving? Dial 1-800--------."

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