Weekday NEWS to Comfort the Disturbed and Disturb the Comfortable.
Thursday 01.17.2013
Gold prices could rise in the first quarter of 2013: Barclays Despite the rollercoaster start to the year for gold, the first quarter still could hold supportive elements for gold prices.
LONDON (Commodity Online): Despite the rollercoaster start to the year for gold, the first quarter still could hold supportive elements for gold prices, said Barclays in a daily commodity snippet.
According to Barclays, the U.S. fiscal cliff issues are far from fully resolved, the debt ceiling vote is set to coincide with the deadline for the agreement on spending cuts and despite the tax deal, Moody's has said it was not enough to remove the risk of a downgrade of the U.S. credit rating.
Bundesbank Repatriates Gold Shows Importance of Possession or Allocated Storage
BY MARK O'BYRNE - FinancialSense.com
Gold climbed $10.50 or 0.63% in New York yesterday and closed at $1,678.90/oz. Silver surged to a high of $31.382 in Asia before it fell back to $31.02 in London, but it then rose to as high as $31.503 in New York and finished ended with a gain of 1.06%.
Gold was flat and close to a 2 week high it hit in the prior session, while platinum reversed early losses but was also trading sideways.
Here's What Happened
the Last Time the U.S. Defaulted on Its Debt The debt ceiling and glitchy word-processors do not mix well
By Matthew O'Brien - TheAtlantic.com
Once upon a time, Congress didn't want to raise the debt ceiling, and sent the country into default. It was bad, and we shouldn't do it again. The end.
Oh, you wanted to hear the rest of the story? Okay, here it is. Back in 1979, Congress waited, and waited, and waited to lift the debt ceiling, because Congress never likes taking responsibility for the tax and spending decisions it's already made. Now, Congress usually does the right thing after it's exhausted every other possibility, at least when it comes to paying our bills, and this debt limit increase was no exception. Congress did raise it right before defaulting on our obligations would have been unavoidable ... but that didn't let us avoid defaulting on our debt. At least not $120 million or so of it. That's because the logistically and technologically-challenged Treasury couldn't get the checks out in time on such short notice. AsDonald Marron of the Tax Policy Center explains, the Treasury got swamped with an inordinately high demand for Treasury bills, which it couldn't meet due to a word-processing error. So we defaulted on some of them.
What if Congress Doesn't Raise the Debt Ceiling? If the government doesn't pay its bills on time, a 7 percent drop in GDP will be just the start of our problems.
By Matthew Yglesias - Slate.com
What exactly will happen if Congress and the Obama administration don't reach an agreement to raise the debt ceiling by late February, when the Treasury Department will run out of money to pay federal bills? Nobody knows—and that's exactly what's so terrifying about it.
Some Republicans, led by Sen. John Cornyn of Texas, have tried to characterize the running up against the debt ceiling as a form of government shutdown similar to what happened during the Bill Clinton-Newt Gingrich appropriations disputes of the mid-'90s. In the Cornyn view, the only difference is that the shutdowns of the '90s only affected discretionary spending (not Social Security payments, or "essential" government services). Hitting the debt ceiling would impair all government spending, including forcing us to default on payments to bondholders. Hence there's some Republican support for an idea from Sen. Pat Toomey (R-PA) to pass a billspecifically giving bond payments prioritization in the queue.
Debt ceiling: Is Social Security at risk?
By Jeanne Sahadi - CNN.com
NEW YORK (CNNMoney)
The standoff over the debt ceiling, likely to come to a head next month, threatens to stiff a lot of people owed money by the government. Among them: more than 55 million Social Security recipients.
Many recipients rely on their monthly checks to make ends meet. And the economy benefits from their spending that money.
Federal Reserve's perilous gamble The Fed's big dollar gamble Ben Bernanke's low interest rate policy has driven down the dollar. America's trading partners aren't happy.
By Allan Sloan - Fortune.com
FORTUNE -- What do Rogaine and the Federal Reserve's economic-stimulus policies have in common? No, it doesn't involve Ben Bernanke's or Alan Greenspan's hairlines. Give up? The answer: side effects.
Rogaine, as you may know, was originally developed as a blood pressure medication but was "repurposed" because it had the side effect of promoting hair growth. The two Fed side effects we'll discuss today -- prospective currency wars with some major trading partners, and a reduction in the federal budget deficit -- are far less known than Rogaine's. But, with all due respect to follicularly challenged males, they're a lot more important.
Peter Schiff Reveals CPI Propaganda
By Calculating Real Price Inflation
GoldSilverWorlds.com
In a recent newsletter update and video message, Peter Schiff explains how the official price inflation measurement is not reflecting the daily reality. That is because since the 1970′s the preferred government inflation metrics have changed thoroughly. Beginning in the early 1980′s the methodologies were altered to compensate for a variety of consumer behavior. The new "chain weighted CPI" for instance incorporates changes in relative spending, substitution bias, and subjective improvements in product quality. If you simply focus on price, especially on those staple commodity goods and services that haven't radically changed over the years, the underreporting of inflation becomes more apparent.
Inflation Propaganda Exposed
The CPI is no longer a tool to accurately measure inflation, but an instrument of propaganda the government uses to hide accelerating inflation from the public and financial markets. Modest CPI increases over the past several years do not reflect an absence of inflation, but a design flaw in the index that fails to fully capture the magnitude of price increases. Central bankers drawing economic conclusions regarding inflation and monetary policy based on this highly flawed data point are making a major policy error.
Federal Reserve official wants more stimulus
By Annalyn Kurtz - CNN.com
NEW YORK (CNNMoney)
One member of the Federal Reserve wants the central bank to stimulate the economy even more.
Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, said Tuesday that he believes the Fed is still not doing enough to bring the unemployment ratedown.
Russia Says World Is Nearing Currency War as Europe Joins
By Simon Kennedy & Scott Rose - Bloomberg.com
The world is on the brink of a fresh "currency war," Russia warned, as European policy makers joined Japan in bemoaning the economic cost of rising exchange rates.
"Japan is weakening the yen and other countries may follow," Alexei Ulyukayev, first deputy chairman of Russia's central bank, said at a conference today in Moscow.
Yen Rises as Officials Step Up Currency War Rhetoric
By John Detrixhe - Bloomberg.com
The yen strengthened against the dollar for a second day after its 5.5 percent drop over the past month prompted criticism from leaders around the world that recent exchange-rate moves have been excessive.
Japan's currency pared gains as risk appetite improved and stocks erased losses. The yen rose earlier after touching a 30- month low on Jan. 14 as the nation's policy makers moved to boost inflation and spur growth. A gauge of volatility increased to a four-month high as Russia's central bank said the world's leading economies are on the brink of a "currency war." South Africa's rand rose from the weakest level this year.
The Really, Really Big Picture Not Enough Net Energy for Economic Growth
BY CHRIS MARTENSON PHD - FinancialSense.com
There has been a very strong and concerted public-relations effort to spin the recent shale energy plays of the U.S. as complete game-changers for the world energy outlook. These efforts do not square up well with the data and are creating a vast misperception about the current risks and future opportunities among the general populace and energy organizations alike. The world remains quite hopelessly addicted to petroleum, and the future will be shaped by scarcity – not abundance, as some have claimed.
Treasuries Rise for Fourth Day on Debt-Limit Talks
By Susanne Walker & Daniel Kruger - Bloomberg.com
Treasuries rose for a fourth day on speculation political wrangling between President Barack Obama and lawmakers over the U.S. debt ceiling will curb economic growth, fueling demand for the safety of debt.
Ten-year yields touched the lowest level in two weeks as the World Bank cut its global-growth forecast, saying austerity and high unemployment will weigh on developed nations. U.S. government debt remained higher after a report showed inflation remains at bay, allowing theFederal Reserve to add monetary stimulus without triggering a surge in prices. The Fed bought $1.47 billion of Treasuries as part of its program to cap borrowing costs.
New Bank Has No Branches, Just an App
And Thinks You'll Volunteer to Pay for It
BY MARCUS WOHLSEN - Wired.com
The company that made prepaid debit cards for the "unbanked" ubiquitous has a new venture: a bank. But Green Dot (GDOT) isn't planning on opening any branches. To visit this bank, you have to open up the app.
Green Dot's GoBank, announced this week in San Francisco, attempts to push mobile banking forward by making banking mobile-only. And the company seems to believe the GoBank app will delight account holders so much that they will voluntarily pay for the privilege of using it.
French Socialists leaders send mixed signals In French malaise, a broader source of risk The government seems torn between its socialist pedigree and more market-friendly policies — and it risks falling behind other nations that have put more business-friendly practices in place.
By Howard Schneider - WashingtonPost.com
As France's socialist government raised taxes on the wealthy and threatened to nationalize a steel plant last year, neighboring Spain reveled in the news that exports were rising and several auto plants would be expanded by their owners.
It was a small sign of what could become a defining trend in the euro zone. The most troubled nations, including Spain, have slashed wage costs and overhauled labor and social rules in an effort to become more competitive.
French autoworkers protest Peugeot Citroen workers occupy,
largely shut down plant that automaker is abandoning
AP- WashingtonPost.com
PARIS — Hundreds of Peugeot Citroen workers occupied a French factory scheduled to be sold off, largely shutting down production on Wednesday in a protest against planned layoffs at the struggling automaker.
The Aulnay plant near Paris has been at the center of a battle over the future of France's largest automaker. The company announced last year that it planned to cut 8,000 jobs and close Aulnay as it struggles to compete in Europe's stagnant car market. The company reported a €819 million ($990 million) loss in the first half of 2012; it will announce its full-year results next month.
Keiser Report: Whore-der of JP Morgan (E393)
In this episode, Max Keiser and Stacy Herbert discuss the fact that markets don't kill economies, banksters kill economies. They also discuss JP Morgan's copper ETF in London and Blythe Masters, the well known hoar-der of commodities. In the second half of the show, Max Keiser talks to David Hales about the economics of bit torrent and the future of peer to peer banking.
Small Business Hates Obama's Washington
BY FRED BARNES - WeeklyStandard.com
President Obama, take note. Small business owners think Washington has become increasingly hostile in recent years to free enterprise and thus to job creation, a survey conducted last week found. And his policies are part of the problem.
Sixty percent of small business owners said the president's health care program will have a "negative impact" on their businesses this year. This includes owners of businesses who are Democrats (53 percent), independents (79 percent) and Republicans (79 percent).
Small Business Hates Obama's Washington
BY FRED BARNES - WeeklyStandard.com
President Obama, take note. Small business owners think Washington has become increasingly hostile in recent years to free enterprise and thus to job creation, a survey conducted last week found. And his policies are part of the problem.
Sixty percent of small business owners said the president's health care program will have a "negative impact" on their businesses this year. This includes owners of businesses who are Democrats (53 percent), independents (79 percent) and Republicans (79 percent).
$5 million entitlement rip-off 21 people charged in unemployment fraud scheme
By Annalyn Kurtz - CNN.com
NEW YORK (CNNMoney)
Three people were arrested in California Tuesday for collecting fraudulent unemployment and disability benefits. To date, a total of 21 people have been charged in the $5 million scheme.
According to federal prosecutors, the conspiracy centered around a family claiming to operate several farm labor companies in Northern California. They sold fake pay stubs to other people in the community and used their companies to report false wages to the government.
Krugman: Food Stamps Are the New Soup Kitchens
By Fred Lucas - CNSNews.com
(CNSNews.com) – Liberal economist Paul Krugman, a New York Times columnist, called food stamps the "soup kitchens of the modern depression," at a time when federal spending on food stamps has climbed to a record $80.4 billion.
"We have in some ways made things more civilized, but also more invisible," Krugman said Friday during an interview with Bill Moyers on "Moyers & Company" on PBS.
Brownback: Keep full sales tax, cut income taxes further Brownback tells lawmakers he hopes to scale back state government and spending while growing jobs.
BY BRAD COOPER - The Kansas City Star
Kansas Gov. Sam Brownback swung for the fences Tuesday night, calling for even deeper income tax cuts while holding onto a penny sales tax that was intended to bridge the state through the recession.
The Republican chief executive told lawmakers he wants to slash income taxes for the state's lowest wage earners by more than a third while keeping the current state sales tax rate at the current level of 6.3 cents on the dollar.
Nebraska governor is latest to propose ending state income tax
(Reuters) - Nebraska Governor Dave Heineman on Tuesday became the second Republican governor in the last week to propose ending his state's income tax, saying he wants to make Nebraska more competitive with its neighbors by eliminating the tax on both individuals and corporations.
Heineman said that if a complete elimination of the two taxes could not be passed, he would push to lower rates on both individuals and corporations. He promised to make up the lost revenue by reducingbusiness exemptions to the sales tax.
Line in the Sand
BY GEOFFREY NORMAN - WeeklyStandard.com
The head of the AARP has stated clearly where his organization stands on the matter of cutting entitlements. As Kate Ackley reports in Roll Call:
The influential seniors' lobby AARP issued a warning Tuesday for members of Congress and Obama administration officials looking to narrow the deficit: Don't do it with cuts to Social Security, Medicare and Medicaid.
The warning was delivered in Washington (where else?) in a speech to the National Press Club by AARP CEO Barry Rand, whose organization claims to speak for 38 million Americans over the age of 50. Which leads one to wonder why anyone able to retire at 50 needs help from organized lobbying muscle.
Malicious virus shuttered U.S. power plant -DHS
By Jim Finkle
Jan 16 (Reuters) - A computer virus attacked a turbine control system at a U.S. power company last fall when a technician unknowingly inserted an infected USB computer drive into the network, keeping a plant off line for three weeks, according to a report posted on a U.S. government website.
The Department of Homeland Security report did not identify the plant but said criminal software, which is used to conduct financial crimes such as identity theft, was behind the incident.
Obama: Money Power's Point Man
by Stephen Lendman - Veteran's Today
Throughout his tenure, Obama's done what supporters thought impossible. He's governed to the right of George Bush.
He mocks rule of law principles and other democratic values. He prioritizes wars on humanity. He's waging multiple direct and proxy ones. War on terror subterfuge disguises them.
He plans more. He's sending US special forces to 35 African countries. They already infest most others. CIA elements operate everywhere. They come to destabilize and disrupt, not help.
A Message To The 'Left' From A 'Right Wing Extremist'
By Brandon Smith - Alt-Market.com
Some discoveries are exciting, joyful, and exhilarating, while others can be quite painful. Stumbling upon the fact that you do not necessarily have a competent grasp of reality, that you have in fact been duped for most of your life, is not a pleasant experience. While it may be a living nightmare to realize that part of one's life was, perhaps, wasted on the false ideas of others, enlightenment often requires that the worldview that we were indoctrinated with be completely destroyed before we can finally resurrect a tangible identity and belief system. To have rebirth, something must first die…
Disinviting God to the Inauguration The left demands an event without the Bible or prayers.
By GEORGE NEUMAYR - Spectator.org
Liberals booed God at the Democratic National Convention in Charlotte last year after skittish party officials reinserted a mention of him in the platform. Nothing has changed since then. The latest secularist push of the party is to remove God from the inauguration. Prominent liberals are questioning the use of the Bible for the presidential oath and the use of prayers in the ceremony.
They have already made some progress in their demands. In 2009, Obama upset them by selecting vaguely conservative pastor Rick Warren to deliver the invocation. But this year Obama has chosen a non-minister and unimpeachably liberal figure to deliver it — the widow of Medgar Evers.
Politics - limelight & sport for the well-to-do Freshmen in Congress worth $1 million more than you
By Tami Luhby - CNN.com
NEW YORK (CNNMoney)
The median net worth of the freshmen lawmakers in Congress is $1 million more than the typical American household, according to a new analysis by the Center for Responsive Politics.
Some 94 new senators and representatives joined Congress, and their estimated medianwealth stood at $1.07 million at the end of 2011, according to data collected from personal financial disclosure forms. The typical American household is worth $66,740.
GOP: Obama gun move is power grab
By Mike Lillis - TheHill.com
Republicans criticized President Obama's sweeping new strategy on gun violence Wednesday as an assault on the Second Amendment and an executive branch power grab.
While the response from the National Rifle Association and Speaker John Boehner's office was muted, other Republicans quickly lashed out at Obama, foreshadowing a tough fight on Capitol Hill.
FLASHBACK – Charlton Heston:
British Searched Americans' Homes
'To Take Away the Firearms'
By Michael W. Chapman - CNSNews.com
(CNSNews.com) -- Charlton Heston, a former actor and president of the National Rifle Association, who died in 2008, strongly defended the 2nd Amendment in a BBC interview in 1997, stressing that the first thing the British did when they sensed Americans would revolt against King George's oppressive taxes and authoritarian rule was to search "as many houses as they could and take away the firearms."
In the 1997 interview on the BBC's HARDtalk, host Tim Sebastion said, "Charlton Heston, a lot of people would say they fail to understand your views on guns, for instance, your promotion of the National Rifle Association."
Our Gov't Cannot Stand In The Way
Of Law-Abiding Citizens Using Legal Firearms For Self-Defense
By Rick Santorum - CNSNews.com
President Obama's gun control recommendations fall far short in addressing the real issue here - putting an end to gun violence.
While the president did propose some reasonable measures, I'm disappointed, yet not surprised, to see so much emphasis on gun control and not enough on key contributors to mass shootings - mental illness and the impact of the entertainment industry's glorification of violence.
Poll: Obama approval rises,
as does public support for gun control
By Jonathan Easley - TheHill.com
President Obama's approval rating has seen a modest jump in favorability over the last month, as the public seems to have warmed to the idea of stricter gun laws, a new survey found.
According to a Time-CNN survey released Wednesday, 55 percent said they approve of the job the president is doing, against 43 who said they disapprove. Obama's job approval was at 52 percent in the same poll conducted in late December, a marked increase from his first term, when he generally tracked in the 40 percent range.
Obama Announces 23 Actions to Tighten Gun Control,
Demands Congress Act
By Fred Lucas - CNSNews.com
(CNSNews.com) – President Barack Obama said Wednesday he would issue 23 executive actions for tighter gun control, including beefed-up enforcement of background checks and more resources for schools, public health and law enforcement officials. He also demanded that Congress pass a new assault weapons ban and institute a universal background check for all gun purchases.
"In the month since 20 precious children and six great adults were taken from us at Sandy Hook Elementary, more than 900 of our fellow Americans have reportedly died at the end of a gun, 900 in the past month," Obama said at a White House event with four children on the stage with him, and members of Congress and cabinet officials in the audience. "Every day we wait, that number will keep growing."
List of executive actions Obama plans to take
as part of anti-gun violence plan
FOXNews.com
The following is a list, provided by the White House, of executive actions President Obama plans to take to address gun violence.
1. Issue a Presidential Memorandum to require federal agencies to make relevant data available to the federal background check system.
2. Address unnecessary legal barriers, particularly relating to the Health Insurance Portability and Accountability Act, that may prevent states from making information available to the background check system.
3. Improve incentives for states to share information with the background check system.
Obama unveils new restrictions
on assault weapons, ammunition
By Justin Sink and Mike Lillis - TheHill.com
President Obama called Wednesday for Congress to approve new bans on military-style assault weapons and high-capacity ammunition clips in response to a string of deadly mass shootings.
"If there is even one thing we can do to reduce this violence, if even one life can be saved, we have an obligation to try," Obama said.
Obama Seeking Assault Weapon Ban With Expanded Checks
By Lisa Lerer & Heidi Przybyla - Blooomberg.com
President Barack Obama unveiled the most ambitious gun-control agenda in decades today, announcing a $500 million package of legislative proposals and executive actions aimed at curbing firearms violence, from mass shootings to street crime.
The president, counting on a shift in public opinion since the shooting rampage at a Connecticutelementary school last month, challenged Congress to mandate background checks for all gun buyers, ban high-capacity ammunition clips, and reinstate a ban on sales of assault weapons.
Hiding Behind the Children Why Obama is exploiting them to gain support for gun control.
By AARON GOLDSTEIN - Spectator.org
During the last press conference of his first term in office, President Obama pledged to take "executive action" to reduce gun violence in response to the massacre at Sandy Hook Elementary School in Newtown, Connecticut last month.
The President told reporters, "If there is a step we can take that will save even one child from what happened in Newtown, we should take that step."
When Obama unveils his gun control proposals today at the White House, he will be surrounded by children.
White House Scolds NRA for Gun Ad Calling Obama Hypocrite
By Mark Silva - Bloomberg.com
The White House today rebuffed a National Rifle Association ad labeling President Barack Obama an "elitist hypocrite" on the issue of gun control, his chief spokesman calling the ad "repugnant and cowardly."
Hours before the president announced an agenda for curbing gun violence following last month's shooting at a Connecticut school, the NRA criticized Obama's attempts to limit access to assault weapons because his own children have armed protection.
New Evidence that the NRA
Might Be Just Another Corporate Front The CEO of America's largest gun maker holds
an influential leadership role at the firearm lobby.
By Jordan Weissmann - TheAtlantic.com
For an organization that looms so large over American politics, it's oddly difficult to say what the National Rifle Association really is, or who it represents. The group purports to have four-million members and touts itself as the populist defender of American gun rights. Yet, as I wrote last month, it has also received millions of dollars in donations from the firearms industry over recent years, some of which have been tied directly to gun and ammo sales.
At Least $4.5 Billion in New Spending for Gun Control
BY JIM SWIFT - WeeklyStandard.com
President Obama and Vice President Biden revealed their proposed reforms intended to reduce firearms related violence.
The proposal contains a mix of executive actions, regulations, and calls for Congress to act legislatively. The total package will cost at least $4.5 billion in new spending.
Among the new spending the president proposed:
Attack On Sovereignty
By Paul Craig Roberts
Those concerned about "The New World Order" speak as if the United States is coming under the control of an outside conspiratorial force. In fact, it is the US that is the New World Order. That is what the American unipolar world, about which China, Russia, and Iran complain, is all about.
Washington has demonstrated that it has no respect for its own laws and Constitution, much less any respect for international law and the law and sovereignty of other countries. All that counts is Washington's will as the pursuit of hegemony moves Washington closer to becoming a world dictator.
The Third Force
by Preston James, Ph.D. - Veteran's Today
IS THERE A MYSTERIOUS AND SUPERIOR THIRD FORCE THAT IS COVERTLY MANIPULATING THE WORLD THROUGH A SMALL NUMBER OF SUPER-ELITES WHO RUN THE WORLD'S MOST POWERFUL NATIONS ?
Is this THIRD FORCE non-human or alien and are the major world powers being separately controlled by this entity in different dress inside each nation state's highest echelons of government? Is there an overall coordinated purpose of this THIRD FORCE to create a NWO Globalist One-World Tyranny?
Why OPEC is Worried About the U.S. Congress
By Daniel J. Graeber - OilPrice.com
The Organization of Petroleum Exporting Countries in its report for January said the United States in 2013 may post the highest oil supply increase among non-member states. U.S. oil production should increase by 490,000 barrels of oil per day this year to reach an average of 10.4 million bpd. OPEC said much of the production increase should come from more drilling in the Gulf of Mexico and the oil boom under way in North Dakota. Production from member states Iran, Iraq and Saudi Arabia, meanwhile, declined. Riyadh said recently it wasn't trying to manipulate the commodities market and, given the downbeat assessment of the U.S. economy, it may be congressional leaders that eventually face the ultimate blame for economic woes despite the oil boom.
Al-Qaida-linked militants seize BP complex
in Algeria, take hostages in revenge for Mali
AP - WashingtonPost.com
ALGIERS, Algeria — As Algerian army helicopters clattered overhead deep in the Sahara desert, Islamist militants hunkered down for the night in a natural gas complex they had assaulted Wednesday morning, killing two people and taking dozens of foreigners hostage in what could be the first spillover from France's intervention in Mali.
The Algerian army has surrounded the complex and about 1,000 miles (1,600 kilometers) from the coast, there is no obvious way for the kidnappers to escape in their four wheel drive vehicles with their hostages.
American kidnappings in Algeria a 'terrorist attack,' says Panetta
By Carlo Muñoz - TheHill.com
The kidnapping of several U.S. citizens in Algeria on Wednesday was clearly a "terrorist attack" by al-Qaeda affiliated extremist groups in the region, in possible retaliation for the ongoing French counterterrorism offensive in West Africa, according to Defense Secretary Leon Panetta.
The Americans were among the nearly 400 hostages taken after gunmen stormed a BP-operated oil field located near Algeria's border with Libya. Members of Islamic militant "Masked Brigade" and the "Signers in Blood," claimed responsibility for the raid.
Chuck Hagel: "Palestine in Chains"
Secretary of Defense and Likely New President
By Gordon Duff, Senior Editor - Veteran's Today
The video below is the kind of straight talk Americans haven't heard since the murder of John F. Kennedy, not from Americans at least. For the staff here at Veterans Today, those who know war like Hegel does, real war, not 'fatass Pentagon war" but the real thing, his clear language, the language the Times of Israel seems to hate is music to our ears.
