What is the next phase of this train wreck?
Oil War: The Pentagon pays about $400 a gallon to put fuel into a Humvee, helicopter or aircraft in Afghanistan. Hope it's worth it.
Take Notes: Citigroup reported 3rd quarter net income of $101 million and a $0.27 loss per share. See, they had an $851 million after-tax gain, which turned into a $3.1 billion reduction in income... Or something.
Noted: The headline read “Highway expansion goes green.” This is wrong in so many ways.
Multiple Guess: Arrange the following countries in the order in which they will collapse: China, Dubai, Iran, Ireland, Latvia, Lithuania, North Korea, Spain, USA, Venezuela. Usual prizes & conditions.
Keeping Score: The current US budget deficit is $1.4 trillion – 10% of the country's GDP and 66% more than it took in. How long before something's got to give? How long before that something is the taxpayer, starting April 15th?
Massive killer whale pod sighted: No, it wasn't in lower Manhattan, it was off the coast of Scotland. Fifty of 'em.
Fine Print: It's a good idea to start with the footnotes when reading a bank's financial statement, because that's where the bodies are buried. Sometimes the notes are less than wholly forthcoming too. Especially about the effects of mark-to-make-believe.
Truth Will Out: “The stock market is not just a marketplace in which buyers and sellers meet to exchange interests in businesses. It is a den of speculation and the goal is profit – the shorter term the better.”
Super Goo: A scientific 'howdunit' as our intrepid heroes figure out the secret to barnacles' super glue. Hint – it's a bit like blood clots.
Not Newsworthy: “FDIC Forecasts More Bad Loans and Bank Failures”
Please Explain: In Iraq, a Halliburton employee was gang raped and kept in a shipping container for a week. When she got out she found that Halliburton's contract with the government prevented her from suing them. An amendment by Senator Franken, designed to prevent a repeat of this, drew 30 votes against it. Each by a Republican senator. God Bless Halliburton and the United States of America.
Headline Only: “Field experiment on a robust hierarchical metropolitan quantum cryptography network.” Raise your hand and quietly leave the room if you understood that.
Level Playing Field: I'd be less repulsed by Goldman Sachs paying billions in bonuses if they first paid back the $13 billion in TARP funds they got under the table via AIG. Wouldn't it be nice if every loan we took out from the banksters came with a guarantee that if we didn't get around to paying it back, the government would?
Farm Fun: Crops in the fields are running behind schedule while the weather seems to be running ahead of schedule. Rain, snow, stuck in the mud. Ah, farming.
In Summary: Dollars, those greenish pieces of paper we call money, are just a state of mind, a belief. They are not backed with anything but “the full faith and credit” of the US – which has more faith than credit these days. They are not even as pretty as wampum was. They have no intrinsic value, being backed by broken promises. And remember, throughout history all currencies have been debased, and paper currencies – sooner or later- lose all value.
Porn O'Graph: 15 weeks and counting.... 15 weeks is 4 months without a paycheck.