Bell, Tolling: A US District Judge has ruled that John Yoo may be held responsible for the abuse of detainees that flowed from his convoluted legal theories justifying torture during the Bush era."Like any other government official, government lawyers are responsible for the foreseeable consequences of their conduct." Wonder what "other government officials" the judge had in mind?
Morning Line: European industrial production fell 21.6% y/y, causing "investors" who had bet on an economic recovery to run and hide.
Targets: Newly appointed US overlord General McChrystal and 400 of his closest friends will measure victory in Afghanistan by the number of Afghans shielded from violence. This number will be obtained by subtracting the number of Afghans killed by drones and errant US ground attacks from the general population. Which is what we've be doing for some time.
PR: Even UPS ships via Fed Ex.
In a Wink: Talk now is of bulldozing great swaths of unneeded houses in our dying cities and converting the remains to small urban centers surrounded by greenways. Flint first, followed by Detroit, Baltimore, Philadelphia, Memphis, Pittsburgh and maybe 40 other once bustling cities. Go to Google Earth and take a look at Wink, Texas - 35 years after the experiment was tried there.
Department of You Can't Know: Homeland Security has decided that letting the public know about the 44 worse coal ash sites would be harmful to national security and the profits of the energy companies - but I repeat myself.
Whose Bull: Economists and Wall Streeters insist that 'employment is a lagging indicator' of economic performance. Families at Wal-Mart know that employment - or the lack thereof - is the only indicator they need. Excellent charts, too.
Good Intentions: In Michigan, some counties are grinding up pavement and putting down gravel as a way to maintain their roads. No taxes, no services, the infrastructure is going to hell. And the road there cannot be paved with good intentions.
Fore! A Chinese submarine collided with a US Navy towed sonar array, probably inadvertently because getting entangled in the line would have been unpleasant. The US Navy did not respond when asked if they US Captain had been aware that the Chinese sub was shadowing him.
Be careful What You Wish For: House sales are up! At least in Detroit, where the average house sold for $6,000 last month.
Here We Go Again: "The $56 trillion of unfunded liabilities for Medicare, Medicaid, and Social Security are a debt that must be paid. This is an unfunded $183,000 debt for every man, woman and child living in the country today. " But that $183,000 is over the next 70 years - and thus the amount is but $2,500 a year. How many billions every year for war? And for we the people?
Handshake: 55% of patients suffering rheumatoid arthritis have symptoms of depresson. The rest use Scotch.
More is Less: To solve the problems caused by having burned up most of the easy to get oil, we continue seek ways to burn through what's left locked away in oil shales. Cost doesn't matter when you need a fix.
Demand Destruction Delusion: Oil prices are trending up, not because of the slight stirrings of recovery in industrial nations, but because the people in the populous emerging markets want a better life for themselves and their growing numbers of kids.
Porn O'Graphs: An entire flock of 'em, don't overconsume.