It is not the world that needs to change.
Masked Man: Bernanke's Fed has
instructed asked an appellate court to prohibit the American public from finding out who got taxpayer money - $2 trillion - to stay afloat, for fear they won't stay afloat. Sounds like money well spent.
Lost in the Shouting: Please note that while everyone is pointing with alarm at December's 85,000 decline in jobs according to the Establishment Survey, The Household Survey reported a 589,000 decline in employment. So, which was it – 85,000 or 589,000? Traditionally “the Household Survey measure of employment growth tends to be a leading indicator.”
Explain, Please: The State Dept. claims that allegations that the US might be behind the bombing of an Iranian nuclear physicist are 'absurd'. Why?
I've They've Got A Secret: Make that secrets, plural. Last May the SEC secretly promised AIG it could keep secret the most controversial details of the AIG bailout, including passing billions on to Goldman Sachs, Merrill Lynch, Société Générale and Deutschebank. They could keep these details secret from the American public, which owns 80% of AIG, until 2018. Presumably beyond the statue of imitations for embezzlement, fraud and whatever it is Tim Geithner is covering up.
Foreshadowing: As of December 1st, 13% of US homeowners were either delinquent or in foreclosure. Only 1.5% of mortgages “improved” toward a current status while 5% fell into more severe levels of delinquency. Two months delinquent is nearly as good as a foreclosure in hand.
Faking Sincerity: The judge in the trial of Scott Roeder, the confessed murderer of Dr. George Tiller, has ruled that instead of facing murder charges, Roeder can argue he is only guilty of voluntary manslaughter because the murder was justified by his sincere belief that killing the doctor would save the lives of the unborn. Some of us still are in Kansas, Toto.
Suck It Up: In this sentence: “Everybody agrees the recession is over,” please define 'everybody'.
Who Knows? The individual investor – who owns 80% of US company stocks – has pulled about $850 billion out of the the stock and money market funds and stuck it into bond funds, and is not rushing back into the market. Wall Street may be hyping the economy to sell more stock, or perhaps the government is propping up the market directly.
Travel Light: In concert with Hopeless Security's harassment of travelers, Delta has raised its baggage fees in an attempt to get more people to consider not flying. Making more and more of your customers hostile seems a strange way to increase profits.
Trailer For Sale or Rent... If Arizona cannot sell its capital and other government buildings by the end of the month, the state will be unable to make the February school payroll. The state treasurer wants to put 45 kids in each classroom and fire about half the teachers. Maybe they could rent out schoolrooms to the homeless...
Dark Matter: Just as physicists deduced the existence of otherwise undetectable dark matter from its effect on the visible universe, TrimTabs CEO Biderman claims he sees the effect of government manipulation of financial markets because private demand “just isn't there.”
Big Duh: Another academic has conducted a survey to discover that Wal-Mart does not create jobs when it comes to town, it closes small businesses and hires only some of their employees. The Waltons only talk about “jobs created” and don't count the cost of “jobs destroyed.” They do better on the P&L ledger.
Porn O'Graph: It's in stock.