“Inalienable” has been redefined.
More Egg Than Chicken: Rebound in the labor market? The only jobs being created are temporary, part-time and low wage. Of the 431,000 new jobs reported for May, only 20,000 are actual jobs. Jobs may be coming back, but they are not real jobs with real benefits and real futures. I n 2005, the government estimated that 31% of U.S. workers were already so-called contingent workers. Experts say that number could increase to 40% or more. And even the 431,000 was far below the predicted 600 – 700,000 new jobs.
Take the Money and Run: BP intends to distribute $10 billion in quarterly dividends, despite the bills piling up on their books like oil on a Gulf Coast beach. Wonder who is working harder, BP's engineers trying to stop the leak, or BP's lawyers and accountants, trying to stop the leak.
Mark's the Word: To Wall Street bankers, the vast majority of Americans are both"predictably irrational" and "stupid". That investors keep trusting Wall Street is all the proof needed. “In any market, as in any poker game, there is a fool. Any player unaware of this is probably the fool.”
A Matter of Fairness: Unemployment is near 10 percent. Long-term unemployment is at a record high. Teachers are being laid off across the country. State governments are slashing services to the bone. So let's cut the estate taxes on the richest 0.2% of Americans. If you've got less than $3.5 million to leave your heirs, raise your hands and vote against this giveaway – at a cost of $440 billion in revenue that could go to the unemployed, to reinstate some teachers. Or to buy another penthouse, another yacht, another Congressman.
Water War? Egypt won’t give up its Nile share that has been theirs by treaty since the 1920's. Egypt and Sudan – by treaty – use 90% of the Nile's water. Today there are 120 million Egyptians and Sudanese. In 2025 they will have grown to 150 million. But the rest of the Nile watershed will have grown to 650 million and will not quietly sip on the 10% treaties allow them.
Deep Pockets: A lot of European nations are counting on the European Central Bank to bail them out. The ECB has already promised €113 billion to help Greece over their difficulties. Good. Except it only has €60 billion in capital and reserves...
Son et Lumière: The public has put up pretty well with being stuck with mortgages they cannot afford, but what will happen when they realize they've been sold a whole lifestyle that will never be theirs?
Now You See It: From the beginning BP provided video feeds to the Coast Guard, but – claiming proprietary privilege – kept them from being made public. From the mass of data they had, the Coast Guard released but one fuzzy picture – because BP refused to allow the release of more damning images.
Simmer Time: Even with the sun playing hookey, we have reached a new record high global mean temperature over the last 12 months. NASA said “there has been no reduction in the global warming trend that began in the late 1970s." These announcements pass unnoticed while nonsensical stories by the denialists get lots of space in the MSM.
Porn O'Graph: Housing Inventories are Up! Hurrah?