America's hypocricy has not gone unnoticed.
Say Ahh: The Congressional Progressive Caucus has set forth its health insurance plan, open to all, designed to provide a higher standard of care while keeping administrative costs low and permitting choice of health care providers. The problem is, according to critics, the plan will have an unfair pricing advantage and would quickly drive health insurers out of business for lack of profits. This is a shortcoming of the plan?.
One Trick Pony: "Shiller: Expect More Home Price Declines"
Definitions: What does 'jump' mean in the following quote : "Credit card delinquency rates jumped 11% in the first quarter." If you knew the incidence of delinquent borrowers increased from 1.19% to 1.32% would that change your definition?
Yes, We Can: The president wants to create a (US dominated) international agency to control the supply of nuclear fuel to nations for their reactors, while limiting the ability to make bombs to the United States. After all, the world trusts...
Model Behavior: When US health organizations began pounding the drum over swine flu, it seemed rather precipitous to start using the word 'pandemic' when so few were getting sick and far fewer dying. Computer models - run to show the public health people were overstating the case - estimated that by the end of May there would be fewer than 2500 cases. There were about 100,000. Oops. Well, computer models of investment strategies work better.
Overpopulation: Pollution, overfishing and the warming of the oceans are leading to frequent and severe blooms of jellyfish around the world. Evidence suggests that ocean ecosystems can reach a point where they become dominated by jellyfish instead of fish. And not cuddly little fellows, but some are 6 feet in diameter and weigh 400 pounds.
Status Report : Investment is plunging, industrial output is down, world trade is stalling... "todays crisis is at least as bad as the Great Depression." You want to go read it, don't you? It's like slowing down to look at the traffic accident.
Yuan for the Books: The head of China's 2nd larges bank suggests the US should issue T-bills denominated in yuan. This would make them more useful to the Chinese.
Boredom: The real problem with global warming as a threat is that it isn't dramatic from day to day. Yes, the future's not what it used to be, but it's still the future. The Texas state climatologist led a form on climate change, outlining the dangers in the decades ahead. His appearance "drew a crowd of about 25 people". Crowd?
Plain Truth: In good times airlines break even, in bad times they lose money like automakers. This year the estimate is a $9 billion loss - without a run-up in the price of fuel. Maybe the whole concept of air travel needs reassessment.
Good Question: "Why is so much effort being put into propping up those at the top of the economic pyramid — the money-center banks, the insurance companies, the hedge funds and so forth — when during a period of deflation like the one we are in, any recovery will come only by restoring the confidence of the people down at the bottom of the pyramid?" There are several more; go read. As Michael Lewis observed, Wall Street is making a fortune cleaning up its own mess.
Porn O'Graph: Me? All my money was invested in the house.