Info on 2010 Christmas Markets/Mercato di Natale (Buon Natale/Babbo Natale) in Abruzzo, Italy

(LAST EDITED/UPDATED: 13 December 2010)

Here are some links for Christmas Markets/Mercato di Natale/Mercatino di Natale (Buon Natale/Babbo Natale) in
Abruzzo, Italy:

CHRISTMAS MARKETS/MERCATINI DI NATALE OF ABRUZZO BY PROVINCE
LISTS
CHRISTMAS MARKETS (LISTINGS)
INFORMATION
MISCELLANEOUS
* = Blog entry has been updated.

For your specific interest, please search the web for further information using Google .

The above links as of this date are/were current. If anyone has any suggestions for any other additional web sites and/or links for reference, please feel free to post your comment and I'll update this blog entry.

Please note: If you want me to reply by email to your comment or request for further information, please include your email address in a separate comment. I will NOT publish any comments with an email address in it.

Please be aware: I have attempted to list many but not all the Christmas markets in Italy. However, the above locations, dates and times were either found on their respective web sites, other web sites, billboards and/or on handouts. It was not possible to verify the accuracy of this information for every Christmas market before being listed in this blog entry.

This posting will be updated from now until January, 2010 as I find out about more Christmas markets and events. I would like to thank the following Agenzia per il Turismo (APT) offices for their assistance: Arezzo, Firenze, Pisa, Pistoia, Prato, Siena. Due to being under the weather, I was not able to post all the information that these respective APT offices provided. It will be accomplished in the next few days.

That's it for Wednesday, 1 December 2010: mercoledì, 1 dicembre 2010

Buon Natale tutti. Merry Christmas everyone.

Ciao, Ben

government jobs – The #1 source of links About, For or On Italy for those individuals moving, traveling or already living in Italy.

Today’s quote is an Italian proverb in dialect from the region of Abruzzo, author unknown.

"L'amore n' vvò le bbellezze; l'appetite n' vvò la salze"
"Love does not want beauty, the appetite does not want sauce."

When you have a free moment or two, please read my wife's interesting and entertaining blog about our life in Italy with photographs:

Friends and Family in Italy


Going to Spain, read my new blog:

Info About, For or On Spain – a source of links About, For or On Spain for those individuals traveling or already living in Spain.

Please note: The time listed below for this posting is Central European Time (CET)/ GMT+1.

(LAST EDITED/UPDATED: 13 December 2010)

© Benjamin H. Licodo, 2005 - 2010, All Rights Reserved.

Unintended Consequence Of Reconciliation Of Obamacare: No Severability Clause

From "Severability and Obamacare" by Ben Domenech on RedState Blog:
Some people have claimed the severability clause is absent from Obamacare because the writing process of the bill was such a cluster, the clause was just forgotten. But the reality, I’m told, is that a severability clause would’ve been added in conference between the House and Senate. Except that as you know, no such conference happened — everything had to be done via reconciliation after the House passed the Senate bill. Hence, no severability clause.

Achieving Parity With Bankruptcy Under Dodd-Frank

From the online version of the Harvard Business Law Review "One Way That Dodd-Frank’s Liquidation Authority Could Achieve Parity With The Bankruptcy Code" November 29, 2010, by Harvey R. Miller, Partner at Weil, Gotshal & Manges LLP, and Maurice Horwitz, Associate, at Weil, Gotshal & Manges LLP:
One of the criticisms of Title II [of the Dodd-Frank Wall Street Reform and Consumer Protection Act], however, is that creditors lack the same degree of certainty with respect to their probable treatment under an FDIC receivership as compared with the bankruptcy process. The FDIC’s typical response to this concern is that the statute guarantees creditors no less than the amount they would have received if the covered financial company had been liquidated under chapter 7 of the Bankruptcy Code.

This response is inherently flawed because it assumes that one could state objectively what a creditor’s probable recovery would be in a hypothetical chapter 7 case. All judgments of value are subjective, even if based to some extent on objective facts. It is for this reason that valuation disputes are among the most common forms of litigation in Bankruptcy Courts. However, Title II does not appear to provide any recourse to creditors who disagree with the FDIC’s determination of value in most contexts.
***
If,through the rulemaking process, value determinations ... can be placed in the hands of independent third party arbiters, Title II may yet achieve parity with the Bankruptcy Code.
Read the complete Harvard Business Law Review article here.

Connecting Smart Risk Takers: A Better Formula for Economic Growth

From "A Better Formula for Economic Growth: Connecting Smart Risk Takers" by Vivek Wadhwa in the Chronicle of Higher Education:
Build a magnificent technology park next to a research university; provide incentives for chosen businesses to locate there; add some venture capital. That is the common recipe for harnessing higher education and industry to spur economic growth as prescribed by management consultants touting the "cluster theory" developed by Harvard Business School's Michael E. Porter.
***
It simply doesn't work that way. It takes people who are knowledgeable, motivated, and willing to take risks. Those people have to be connected to one another and to universities by information-sharing social networks.
***
One way to understand what works and why no one has been able to replicate Silicon Valley is to compare it with the Route 128 ring around Boston.
***
By the 80s, Silicon Valley and Route 128 looked alike: a mix of large and small tech firms, world-class universities, venture capitalists, and military financing.
***
Yet, today, most people don't even know where Route 128 is. Silicon Valley raced ahead because of its dynamism, which overwhelmed the slow pace of technological change in the Boston area. What gave Silicon Valley its advantage were its high rates of job hopping, new-company formation, and a culture of information exchange and risk taking. Silicon Valley firms understood that collaborating and competing at the same time is a recipe for success in the tech world, where complex products often comprise chunks of technology harvested from many organizations. In addition, failure was tolerated and often worn proudly.
Read Wadhwa's complete commentary here.

Economic Growth Causes Consumer Spending, Not the Other Way: YouTube Video

Video by Hiwa Alaghebandian of the American Enterprise Institute on economic growth causes increased consumer spending and not the reverse:

New Economic Research Finds Tax Cuts And Not Stimulus Spending Promote Economic Growth

From "Why the Spending Stimulus Failed: New economic research shows why lower tax rates do far more to spur growth." by Michael Boskin in the Wall Street Journal:
economic theory, history and statistical studies reveal that more taxes and spending are more likely to harm than help the economy. Those who demand spending control and oppose tax hikes hold the intellectual high ground.[Emphahsis Added].
***
Macroeconomics since Keynes has incorporated the effects of longer time horizons, expectations about future incomes and policies, and incentives (including marginal tax rates) on economic decisions.
***
based on the best economic evidence, we should reject increased spending and increased taxes.

If anything, we should lower marginal effective corporate and personal tax rates further (for example, along the lines suggested by the bipartisan deficit commission's Erskine Bowles and Alan Simpson). We should quickly enact an enforceable gradual phase-down of the spending explosion of recent years.
Read the complete Wall Street Journal article here.

Monday, November 29, 2010

$25 Billion Tarp Costs Way Below Initial Estimates

From the "Report on the Troubled Asset Relief Program—November 2010" prepared by the CBO:
CBO estimates that the cost to the federal government of the TARP's transactions (also referred to as the subsidy cost), including grants that have not been made yet for mortgage programs, will amount to $25 billion (see Table 1). That cost stems largely from assistance to American International Group (AIG), aid to the automotive industry, and grant programs aimed at avoiding foreclosures. Other transactions with financial institutions will, taken together, yield a net gain to the federal government, CBO estimates.

CBO's current estimate of the cost of the TARP's transactions is substantially less than the $66 billion estimate incorporated in the agency's latest baseline budget projections (issued in August 2010) and the $109 billion estimate shown in the agency's previous report on the TARP (issued in March 2010). The reduction in estimated cost over the course of this year stems from several developments: additional repurchases of preferred stock by recipients of TARP funds; a lower estimated cost for assistance to AIG and to the automotive industry; lower expected participation in mortgage programs; and the elimination of the opportunity to use TARP funds for new purposes (because of the passage of time and the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203). CBO's current estimate is also well below OMB's latest estimate, $113 billion, because the market value of assets held by the government has increased and several recipients of TARP funds — most notably General Motors and AIG — have significantly restructured the Treasury’s investment since May 31, 2010, the date used as the basis for OMB's analysis.
The complete report is available from CBO here or on Scribd here or embedded below.

CBO Report on the Troubled Asset Relief Program November 2010

Saturday, November 27, 2010

Increasing The Top Tax Rate Does Not Increase Tax Revenues: Lowering The Top Tax Rate Increases Tax Revenues

From The Wall Street Journal, "There's No Escaping Hauser's Law: Tax revenues as a share of GDP have averaged just under 19%, whether tax rates are cut or raised. Better to cut rates and get 19% of a larger pie" by W. Kurt Hauser:
Over the past six decades, tax revenues as a percentage of GDP have averaged just under 19% regardless of the top marginal personal income tax rate. The top marginal rate has been as high as 92% (1952-53) and as low as 28% (1988-90). This observation was first reported in an op-ed I wrote for this newspaper in March 1993. A wit later dubbed this "Hauser's Law."


***
On average, GDP has grown at a faster pace in the several quarters after taxes are lowered than the several quarters before the tax reductions. In the six quarters prior to the May 2003 Bush tax cuts, GDP grew at an average annual quarterly rate of 1.8%. In the six quarters following the tax cuts, GDP grew at an average annual quarterly rate of 3.8%. Yet taxes as a share of GDP have remained within a relatively narrow range as a percent of GDP in the entire post-World War II period. 
Read the complete Hauser piece here.

Reducing the deficit and debt will not be as easy as passing legislation to increase taxes.

As Hauser describes in his article and as known from other economic research, raising the tax rate produces lower than expected tax revenues and also lowers future GDP. People shift their actions to reduce tax payments, increase tax deductions and generate more tax free income from tax free investments. Higher tax rates lower the rate of capital investment, which reduces future GDP and taxable income.

The Bowles-Simpson draft deficit reduction plan envisions tax revenue rising to 21 percent of GDP. As Hauser notes, 19 percent of GDP is the norm as tax rates rise and fall over the last six decades.

The only way to substantially increase tax revenues is through strong economic growth and strong economic growth is more likely in a low top marginal income tax environment.

The US is unlikely to solve its deficit problems through higher tax rates. The US will find itself needing to make substantial cuts to its spending programs in order to get its fiscal house in order. Simultaneously it will need to lower tax rates to spur economic growth.

Cutting government programs and government spending while lowering top tax rates will not be an easy sell for politicians, but it is the right way to eliminate the deficit and increase GDP growth.

Friday, November 26, 2010

Comment On Airline Safety And The TSA

A short comment I posted to The Wall Street Journal article, "The TSA Is Keeping the Skies Safe" by Gabriel Schoenfeld:
Let's test the system to see if it really does work.

Hire an outside independent evaluation firm to put fake explosives on testers with a bonus if they can get past TSA. If they can get past then jettison the system we have. If they get caught, give bonuses to those employees who found the fake explosives on the evaluators. Do this regularly to keep TSA on its toes, and quickly publish the results to show the public that the system we have is either effective or ineffective.

Thursday, November 25, 2010

The English Queue, Americans Do Not: Why US Healthcare Will Never Be Like England's: Why The New Health Law Will Be Repealed Or Modified Beyond Recognition

Implementation of the new US health care law is underway. Unlike the British who culturally accept and respect lining up, Americans do not stand still in lines for things and services they need and want.

Just picture an amorphous blob of people outside a Wal-Mart on Black Friday (the big sale day after Thanksgiving) pushing and shoving to be the first to get into the store and you will realize Americans do not queue. In Britain, a line would naturally form.

If the new health law results in queues as expected, i.e. waiting in line, taking a number, rationing, delays or the equivalent, the law will fail, and it will be modified into something unrecognizable from its original form or be repealed to do away with the queuing.

On top of all the many major economic weaknesses of the new health care law (and there are many), the cultural difference between Americans and the British relating to queuing will be the new law's Achilles' heal and downfall.

Thankful for Social Security

Thankful for the Social Security safety net that helps keep people from becoming too desperate. (And we all know that desperate people do desperate things).

THEN... there's Obama's so-called "Bipartisan" Deficit Commission, led by two people with a track record of wanting to cut Social Security, for which I'm not thankful.

Cartoonist Tom Tomorrow pokes a hole in the "we're living longer" justification for raising the retirement age. Just who are "we," people with low-paid hard-labor jobs and little or no healthcare, or people with high-paid desk jobs and good healthcare? Click Cartoon to Enlarge.


Sources:

Thankful for GLH Blog for the tip-off.

Thankful for Salon.Com for hosting Tom Tomorrow.


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Wednesday, November 24, 2010

Happy Thanksgiving!

Adam Sandler Thanksgiving Song on SNL.





















A link to Arlo Guthrie's Thanksgiving song, "Alice's Restaurant." The copyright owners have blocked embedding.

A Popular Post: Challenging Constitution Cheerleaders

When I reviewed the stats on visitors to this blog I found that the most popular post is an open letter to cheerleaders of the US Constitution. In it I point out the similarities between legal Slavery and legal Corporate Charters.

Both slavery and corporations allow the accumulation of wealth by an individual or small group. Both have damaging effects on the fabric of a democracy. In the long run, both ills will have been resolved by amending the US Constitution.

Read More

Related....

Corporate America Reports Record Profits


New government data show U.S. corporations made record profits in the third quarter, earning at an annual rate of more than $1.6 trillion. That’s the highest figure since the government began keeping track 60 years ago. Overall corporate earnings are up 28 percent from the same time last year. Companies, however, have not been using the record profits to hire more workers. The Federal Reserve is predicting that the nation’s official unemployment rate will remain over 9 percent for at least another year. - DemocracyNow! November 24, 2010.


No recession for "corporate persons," but a vast number of real people are experiencing an economic depression. Corporations are tools of wealth accumulation, which have become so effective that there's little wealth left over for the rest of us. I always think of an hour glass with all the sand accumulated in one side... it needs to be up-ended.

gdaeman_scroll_small

Tuesday, November 23, 2010

Info about, for or on Buon Natale (Christmas) traditions in Italy

(LAST EDITED/UPDATED: 14 April 2011)

Here are some links about, for or on Buon Natale (Christmas) traditions in Italy:

BUON NATALE (CHRISTMAS) TRADITIONS
MISCELLANEOUS
* = Blog entry has been updated.

For your specific interest, please search the web for further information using Google .

The above links as of this date are/were current. If anyone has any suggestions for any other additional web sites and/or links for reference, please feel free to post your comment and I'll update this blog entry.

Please note: If you want me to reply to your comment or request any further information by email, please include your email address in a separate comment. I will NOT publish any comments with an email address in it.

NOTE: If you want to leave a comment, please leave it in ENGLISH.

Broken links: Since November, 2005, I have written over 300+ blog entries with 1,000's of corresponding links/URLs for government jobs, covering a varied and wide range of topics. In the event if you come across a broken link or a non-functioning link/URL, please post a comment and report the non-functional link. I wish to thank you in advance for assisting me in the ongoing maintenance and the updating of this successful and informative blog.

Please note: I do NOT represent or endorse any of these links nor do I receive payment for listing them in my blog.

That's it for Wednesday, X Xber 2010: mercoledì, X Xbre 2010

Ciao, Ben

government jobs – #1 source of links About, For or On Italy for those individuals moving, traveling or already living in Italy.

Today’s quote is an Italian proverb, author unknown.
"Natale con i tuoi, Pasqua con i vuoi."
"Christmas with the family, Easter with who you like."

When you have a free moment or two, please read my wife's interesting and entertaining blog about our life in Italy with photographs:

Friends and Family in Italy


Going to Spain, read my new blog:

Info About, For or On Spain – a source of links About, For or On Spain for those individuals traveling or already living in Spain.

Please note: The time listed below for this posting is Central European Time (CET)/ GMT+1.

(LAST EDITED/UPDATED: 14 April 2011)

© Benjamin H. Licodo, 2005 - 2011, All Rights Reserved.