If you have
food medicine and a child does not,
how much should you charge?
Paradigm Shift: Initial unemployment claims declined again in the latest report. Not much, but a decline. Continuing claims, on the other hand, remain very high. One way to read this is that we are headed to a jobless recovery, where we stop losing jobs but do not add any, and 10% unemployment becomes the norm.
Quiz: Under the Constitution, the authority to set foreign policy, specifically wars, resides with: (a) Congress. (b) the President. (c) Generals Petraeus and McChrystal. (d) Constitution?
Some are More Equal than Others: Six Republican senators want you to pay ATT, Comcast, Verison and such an additional fee to go to the head of the line on the internet, while Microsoft and Google think that first come first served is a fine way to treat the public commons that is the internet. But the GOP never stands up for the people, unless the people represent big business and have checks in their hands.
Assignment: Given that Commercial Real Estate sales in 2Q09 were $5.2 billion, an 80% decline y/y and a 95% decline from 2Q07, write a happy press release about the great recovery now underway.
Evolving, or Not: Research show that children who are spanked have lower IQs. Another case of acorn, tree.
Salvation's Price: If new oil discoveries can be brought to market only through advanced technologies that cost $150 a barrel and the economy begins to tank when oil gets to $80 a barrel, how useful are the new finds?
What If: The Air Force is so enamored of its Predators, maybe the Navy's jealous and wants Predator Subs; small, silent, lying quietly at selected locations, waiting, waiting...
As Good As Gold: In 1988 the median house went for 160 ounces of gold. By 2005 it was up to 490 ounces of gold. Today it's back to 160 ounces of gold. How much is that in barrels?
Volunteers, Please: The Fed has about $10 billion of the $300 billion it had allotted to buy Treasury bonds. In that foreign purchases have been concentrated on the shorter dated bonds, once the Fed stops buying the longer notes, who is going to step up?
Poster Child: In May, Mexico's Cantarell was producing 713,000 barrels of oil a day. Today it is down to 500,000 bpd – a 30% output drop in 4 months. At this rate they'll soon be buying oil to pour back down the hole.
Left Behind: As long as the US educational system results in a populace that does not understand evolution, it will remain a second rate, failed system. Without a grounding in science, there is no hope that the citizens will understand – much less support – efforts to control carbon emissions, extend stem cell research, or curtail our suicidal dependence on fossil fuels.
Porn O'Graph: Credit where credit was due.
Matinee: It's the weekend, spend 20 minutes watching icebergs being born.