Would you prefer the frying pan or the fire? Joseph Price
This Can Not Be True: One out of 9 houses in the US is vacant. "The numbers are further documentation of the gravity of the housing problem," says Nicolas Retsinas, head of Harvard University's Joint Center for Housing Studies.
Oxymoron: Democratic Leadership.
Soapbox: I'm tired of reading the largest US banks are being raised from the dead so they can "resume the ample lending needed to restart the wheels of commerce." Nonsense. When a business can make a product and sell it for a profit, then the wheels will start turning. That takes customers with actual money - not credit, money. And that will take digesting the bad debts, followed by the gradual accumulation of capital. It's capitalism, not creditism. And it is a long and dreadful ways off.
Totaled: Christophe de Margerie, CEO of French petroleum giant Total, says that the ability of the industry to increase future production will be below 90 million barrels a day. "The capacity that the oil industry has to go to 93-95 million barrels per day is already over." Turn out the lights when you leave the room, the party's over.
Still Going Up: Climate-warming atmospheric CO2 has now reached 392ppm, the highest level in the last 800,000 years. The larger portion of this gas will remain in the atmosphere, warming the earth, for well over a century. A gift to the grandkids.
Me Too ! Whatever subsidy Obama and the Gang of 60 come up with for folks struggling with oversize mortgages on oversized houses that they could not afford in a reality based economy, I want a chicken in my pot, too.
Just Asking: How does the Treasury providing $50 billion of "assistance to prevent avoidable foreclosures" differ from the Treasury buying $50 billion in bad assets from the banks?
Diet Soda: GM is making "world's first large luxury hybrid SUV". At $73,000 each the Irony will get better milage than the standard Escalade
by nearly a half mile a gallon. you want fries with that?
Tantrums: GOP House leader John Boehner threw the stimulus bill - the nation's hope to avoid ruin for millions of working folks - on the floor in disdain. The House's GOP caucus chair, Tennessee"s Glen Casada, and three other TN GOP members have joined in a court suit trying to overturn Obama's election on the basis that he is not a citizen and is not Barack Obama, either. And the new RNC chair admits that citizens "have absolutely no reason, none, to trust our word or our actions at this point."
Fair Fight: In an attempt to level the playing field, the US military has let a third of the quarter million weapons given to the Afghan government to go AWOL - most likely to the Taliban.
Among the Missing: On a list of the 25 people to blame for this mess, not including Mr. Peak Oil is strange. Did not the high prices of 2008 and the leveling off of production not have a great deal to do with the collapse? If petroleum availability has stopped growing, so too must economies.
Hunger? What Hunger: Fully 33% of the 2009/2010 US corn crop will go to make ethanol.
Revenge of the Serfs: Gazprom Neft reports a 2.4% YoY reduction in petroleum exports and a 10.8% YoY reduction in the export of oil products. The decreases were due to increasing domestic consumption. Right in line with Export Land Model predictions.
Deal Us In: Some of the world's leading airlines claim they want to make sure that any regulation of greenhouse gas emissions is "pragmatic, fair and effective". Not really, for under such a program most flights would be abolished.
Porn O'Graph: Working steadily, or at least being paid that way.