Investment advice: if it burns, buy it.
Open Marriage: The Eu has agreed to stop buying oil from Iran... in six months. C'mon, isn't that like asking for a divorce effective in six months, but until then wanting spousal privileges? And as part of the divorce, they don't want Iran to
change the locks on the front door block the Strait of Hormuz. These guys have been taking marriage advice from Newt.
Let's Make A Deal: You never thought Obama was actually going to investigate and prosecute the banking giants for their part in the housing debacle, so why act surprised at the spineless giveaway? Or do you think that giving $1,800 consolation prizes to 10% of those who have been swindled out of their homes is adequate? No jail time & a hollow promise not to get caught again. Phah. [This trial balloon appears to have crashed & burned.]
Echo: Folks making $30,000 a year, buying $600,000 apartments, expecting a 20-30% return in less than a year are now finding that their apartment is worth only $400,000 and there are no 'bigger fools' around to buy at even that price. Sound familiar? Well, that's because China's housing bubble resembles the US bubble, except theirs is just starting to pop. But don't worry, it'll be contained.
One For Our Side: The Supreme Court has ruled that the cops can't physically attach a GPS device on your car without a warrant. At least, that is, if they want to track you "for an extended period of time." So the government can spy on us, just not continuously.
Rose Is Rose: House Republicans say that their budget plan - which hasn't been formulated yet - will include an alternative vision to the “cradle-to-grave welfare state". Specifically the unwritten document will specify substantial cuts in Medicare
and turn it over to the insurance companies.
Leaks vs. Leaks: A former CIA official who publicly confirmed the use of waterboarding in interrogations and in doing so revealed the identity of two CIA officers now faces 20 years in prison, which is considerably longer than Dick Cheney got for outing a CIA covert officer.
Bushite Iraq: Under a law called "Freedom of Expression of Opinion, Assembly, and Peaceful Demonstration," Prime Minister Nuri al-Maliki is intimidating, beating, detaining and torturing those who are foolish enough to express an opinion that does not meet government approval.
Anomaly Is As Anomaly Does: TSA at Nashville said "an anomaly" on Senator Rand Paul's right leg "triggered an alert" that resulted in his being escorted from the screening area by police when he declined to be patted down. A half-hour later, rebooked on a different flight, Paul went through the same screening devices without triggering an alarm, raising the question of the validity of either the first or the second screening.
Pick A Number: Joe Granville claims the Dow will fall 4000 points by year's end. Optimist.
Nation Building: Political factions are tearing apart what little central government the US and David Petraeus were able to cobble together before declaring victory and skedaddling. Opposition politicians are particularly upset over Obama's recent characterization of Maliki's government as inclusive, efficient, independent and transparent - none of which terms can be applied to anything in Iraq, much less Maliki's government.
Priorities: KY Gov. Beasher's budget cuts higher education and basic services and - he admits - "is inadequate for the needs of the state's people." There is, however, $43 million to help a creationist theme park teach Bible lessons to the uneducated, much like the art in medieval churches.
Porn O'Graph: Down in the valley...