The government cannot be sued; it can be overthrown.
The Sting: In gambling, peeking at your opponent's hand tips the odds in your favor. Same thing in the stock markets, where it is apparently legal as long as Goldman Sachs is doing it.
Health Reformatory: The reformed US healthcare system will consist of insurance companies that profit even more from illness, for-profit hospitals that profit even more from illness, larger than ever profits for large drug
Pithy: "What's Good for Goldman is Bad for the Nation." "If the four biggest banks earned a combined $11 billion in the last quarter...who did they take the money from? Who's got that kind of money?"
Check's Not in the Mail: At least 16 states are borrowing money to pay unemployment benefits. By year's end it'll be 30. Bankers, meanwhile, get ever larger bonuses. Christmas turkey.
Quicksand: Government Sacks and Sillybank may be reporting great profits but the companies that actually make things and contribute to society are not - Caterpillar, UPS, Microsoft, 3M, TI, GE. What, me worry?
The 'Ayes' Have It: Deflation is outpacing the spread of swine flu, with the World Bank, the IMF, the Bank of Japan and the Fed's Bernanke all warning of a global deflationary spiral. Britain leads the pack, with a 5.6% GDP decline. This doesn't mean that food, energy and healthcare costs won't continue to skyrocket, even while your income falls...
Inside Straight: Futures markets long since ceased to be primarily for producers and users of various commodities and have evolved into giant crap shoots where manipulation is expected, accepted and encouraged. The only supply and demand involved is the supply of suckers demanded by the manipulators.
Things We Knew: The Fed is a Ponzi scheme.
Terminator's Terms: In an attempt to provide lawyers full employment, California plans to cut funding to schools and public health programs, collect income taxes before they're due, steal local property taxes from cities and use Hollywood accounting to conjure up another $8 billion. California - The Comedy.
Fine Print: Occidental Petroleum brags it has discovered about 200 million barrels of oil equivalent hydrocarbons. (A) Most of it - 66%- is natural gas which is a drug on the US market, (B) about 40% of the actual oil will be recoverable, thus (C) they've found a little more than two days of US petroleum imports.
Faint Praise: China is downplaying the threat to the dollar's dominance as a reserve currency, saying the yuan won't replace the dollar "for at least a decade."
See comment 1 for a vacation report.