It wasn't much of a recovery anyway.
Survey: Do you think the Republicans are refusing to approve anyone (whose initials are Elizabeth Warren) to head the Consumer Financial Protection Bureau: A) because they are afraid the CFPB will not go far enough in protecting the average consumer, or B) Other.
The Emperor's Handmaiden: How GS Treasury Secretary Geithner prevented the IMF from forcing huge haircuts on Irish bondholders and instead forcing the Irish peasantry into years of penury – so the banks (read Goldman Sachs) wouldn't lose a penny. Clarifies the nature of the empire. Interesting in light of the un-official non-meeting on Greek debt this weekend.
Mood Swings: Employment rose by 244,000 in April, while unemployment increased 0.2% to 9.0%. The total number of persons not in the labor force hit a new all time record of 86.248 million. Economists and politicians (but I repeat myself) chose which numbers to emphasize.
More/Same: Again this week the data out of Ireland and the UK confirm that austerity is not working as advertised, except for the part where the IMF/EU step in and loot the place in the name of the bankers and bondholders – who had no way of knowing they were making bad investments...
Good Read: On the joint delusion called 'money'.
Without Comment: California regulators have approved a plan allowing Pacific Gas & Electric Co. to charge its customers more for electricity to make up for profits lost when
energy efficient light bulbs SmartMeters were installed.
Message In A Barrel: Despite high prices, crude oil production has stayed basically flat for roughly five years. Either there's a basic flaw in capitalism's profit motive thingy, or something else is going on.
Aorist/Present: Re-write the following to reflect the actual nature of the relationship: “Will high oil prices bring a new recession?”
Winning Streak: JP Morgan and Bank of America both recorded a perfect trading period in the first quarter – not a single day of trading left them with a loss. Gee, Wally, how'd they do that?
Mercy Killing: Ethanol has turned out to be less than a stellar success in the marketplace, so the tax credit incentives will be terminated – over a five year period. It's the end of life that drives up the costs.
Double Entry Book-keeping: In March, customers increased their credit card debt by nearly 3%, their incomes by not so much.
Interpretation: “Torture advocate Yoo upset bin Laden not captured.” Oh the possibilities.
Trying for Two: The corporations, having
bought gained control of the Supreme Court, now want their hired politicians in the Republican Party to defund the national Labor Relations Board, thus putting a stop to the NRLB's occasional defense of the working man.
Phantoms: The thing our politicians hear going bump in the night is not a debt crisis monster or an inflation troll – that sound is employment falling through the floor. Again.
Value: Take a guess at how many slaves a barrel of oil equals. The Industrial Revolution, slavery, the Civil War, Exxon and our future energy supply all in one parable.
Poetry Day Entrant: Your flag decal won't get you/ Into Heaven any more./ We're already overcrowded/ From your dirty little war.
Fun With Numbers: China has 21% of the world's population but only 1.8% of the world's oil reserves. The US uses about 22% of the world's oil, has but 4% of the world's population and only 2.4% of the worlds reserves. On average….
Piss on 'em Bottled Up: From now on when Applicants for welfare in Florida will have to fill out the paperwork and fill up a cup. And come up with the money to pay for the test, too. The testing centers will be run by donors to the....
Porn O'Graph: Are we there yet?