We have chosen self-destruction... deliberately.
Street View: The protesters in Athens' Syntagma Square are the disenfranchised – those on the receiving end of forced austerity that has no goal except to transfer even more wealth out of Greece. Some fear the growing separation between the government and the population over austerity could prove 'explosive'. The rest of us know it will.
Rinsed & Repeated: Sales of existing U.S. homes decreased in May to the lowest level in six months, Purchases of existing homes fell 3.8 percent to a 4.81 million annual pace last month it may take years to absorb the 1.8 million distressed properties on the market that are weighing down home values. Shop around for a spin you like: it is a sign for the worse, a sign for the better, a time to sow, a time to reap...
Upset: Green Bay teachers are 'upset' that they will be required to work an additional 2.5 hours a week and do their planning work “off the clock” while their pay has been frozen and they must pay more towards their retirement and health benefits. Why would they need a union when they employer treats them so well?
Once Around: The IEA warns that replacing nuclear power with fossil fuels will result in both higher energy costs and higher CO2 emissions. Japan, which is rapidly souring on nuclear power, has declined to renew its carbon reduction pledges from the expiring Kyoto Protocol as it begins to switch to more fossil fuel power production. Scientists report that the Arctic is melting much faster than the IPCC's forecasts, and that sea level rise is occurring far faster than previously estimated. Britain’s Royal Society fears that a 4ºC temperature rise this century has already been assured and that further CO2 emissions will only increase the warming of the atmosphere and acidification of the oceans.
Top of His Class: Jon Huntsman invited the press to his ceremony announcing his entry into the Republican presidential sweepstakes. The press passes his campaign sent out spelled his name wrong.
Getting & Getting More: In 1975 America, the richest 0.1% collected 2.5% of the nation's income. Now they get 10.4%. And the very cream – the 15,000 who make up the top 0.001% increased their take from 0.85% to over 5% of the total income. And because most of that $27,000,000 each is from capital gains, they pay very, very low taxes – which gives them far, far more than 5% of the take-home pay.
Huh? The US Supreme Court says that although South Carolina violated a man's right to counsel by not providing him with a lawyer, the state did not have to provide him with a lawyer. Right. Read that again, slowly.
Kiss & Tell: NATO said one of its unmanned drone helicopters disappeared over Libya on Tuesday. Unmanned drone helicopters?
Ancient History: Mankind, with its pollution of the waters and of the air has driven the world's oceans to the brink of a mass extinction of marine life unseen for 55 million years. The simple truth is we cannot change our ways in time to stop it – the oceans are already dying faster than the dire forecasts of a few years ago. Unlike the melting of the Greenland Ice Cap, which will take hundreds of years, the death of the oceans will be rapid enough to impact those alive today. Think of it as a real time disaster movie.
Hail Mary: Ireland was a warm-up, Greece is an appetizer. Portugal will be a brief introduction and Spain the first act – but the main event in the Euro drama will take place in Italy in a year or so. Either the EU/ECB/IMF comes up with a winning play, or when the conflagration reaches Italy the game will be over.
Consider This: Massachusetts is the most unionized state for teachers, South Carolina the most anti-union. Massachusetts has the highest student test scores, South Carolina the lowest.