The power of technology depends on there being power.
Sausage: The Democratic leadership in the Senate, having enough votes to pass meaningful health care reform with a public option is doing everything it can to prevent the passage of a meaningful heath care reform bill with a public option. Scam is one word that comes to mind. Obeying the health insurance industry is why.
At Long Last: Fitch Rating Service just woke up to the fact the housing market will come tumbling down when the Fed stops supporting it. No wonder they make the big bucks.
Peter, Meet Paul: States have had to borrow billions from the federal government in order to make payments to the millions of unemployed citizens. Now the same states will have to raise taxes on employers to pay back the borrowed money. This will take money from the companies, reducing their incentive to hire and possibly causing further layoffs. Rinse and repeat.
Forget It: Researchers are trying to determine how Toyota vehicles know there is a senior citizen driving the car.
Anti-Climax: As we all knew all along, Germany will bail out Greece under the guise of the ECM, it will demand severe cutbacks in spending, and Greece will pretend to make severe cutbacks in social programs. Move along, nothing to see here.
Picture This: There are 33 wars going on right now. And remember that the US is the worlds' largest arms supplier.
Yessiree Bob: "I think it might not be a bad idea to examine the faith-based assumption that the US has a virtually unlimited supply of natural gas from shale formations that can be extracted at a low price for the indefinite future."
Tomorrow, The Sun Will Shine Tomorrow: Changes to the accounting rules have made it easier for banks to pretend that their $1.7 trillion exposure to commercial real estate is fine, thank you, just fine. Because after the loans fail the government will make the banks whole, and everything will be fine again. Just fine.
Asked and Answered: Will the stock market rally last? Yes, then No. Yes, because a lot of people haven't invested their last dime yet.
Read'n, Write'n and God Bless the USA: Ten Texas Republicans, several of whom are rumored to be literate, and one idiot have adopted an extreme right-wing conservative curriculum for social studies instruction that ignores Jefferson, cannonises Ronnie, makes a Christian out of Ben Franklin, erases blacks and Hispanics, and questions the need for affirmative action, evolution, and governments. Better yet– Texas' standards become the defacto standard for textbooks across the country.
Language Lesson: “The FDIC expects the number of institutions under its control will expand this year due to increased financial pressure...” and thus they are going to quickly dump the crappy home loans it has picked up from failed banks. In other words, the FDIC has figured out the stuffing is going to hit the fan, and plans to toss its stuff into the fan first.
Red Queen Rule: The appellate court ruling that “Under God” is not a prayer doesn't stand a prayer of a chance of passing the smirk test.
Essence: American soldiers in Afghanistan are 12,000 miles from home and do not speak the language. The Taliban live just down the road and grew up speaking the language. Game, set, match.
Baby Steps: PIMCO's El-Erain says that solving the Greek sovereign debt problem is just a warm-up exercise, the main event will be the United States.
Porn O'Graph: What peak oil would look like if there were such a thing.