Pepper spray - don't leave home without it.
Numbness: US houses have lost another $680 billion in value this year. That's 35% less than the $1.1 trillion they lost last year, according to Zilow. Ignore last year's Zilow report that claimed 2010's loss was $1.7 trillion. And back in 2008, houses lost 2.6 trillion or maybe $3.6 trillion – again according to various Zilow reports. It was all pretend money, it's gone, move along.
Priorities: Big Pharma spends twice as much on marketing as on research. But they maintain their high prices are needed to pay for their
Saying & Doing: Wannabe Rick Perry, who is still being paid as governor (and as a retired governor), while running around the country debating the other wannabes, has billed Texas taxpayers over $1.4 million for his travel costs. He maintains his travels “promote Texas”, especially when he's giving speeches about welfare cheats living off the taxpayers' money.
Coming Attractions: At least some of Russia's media are growing bolder, losing their fear of Putin's authoritarian reach. The latest blow finds Russian TV openly lampooning him. Russia has always mocked their dictators, but not openly. It is fear of the regime, not the regime’s actual ferocity, that keeps dictators in power. If his henchmen lose their fear, it'll be all over.
Borrowed: Here's a middle of the road set of predictions for 2012's economic, political and social adventures. Pessimism abounds. And that's among the optimists. I'd only add that things can appear deceptively close. Social upheaval may take some time. Wall Street bankers and their European cousins can kick the can a few more times before we all end up in the gutter. All the bad stuff will probably happen ,just not as quickly as some expect.
Railroaded: Capitalism at its best, isn't.