Getting an education is not the same as becoming educated.
G'way, Kid, Yer Bother'n Me: The ECB says Greek bonds are no longer acceptable as collateral for loans. This will further cripple Greek banks and render Greek sovereigns reasonably useless in international finance.
Essay Exam: Can Arctic oil drilling be done safely? Define “safely”.
Endgame: Romney (a) has something to hide and (b) knows - or thinks he knows- what he's doing. He may be doing a strip tease - all the while knowing the promised 'gotcha' isn't there, or he may just be waiting until he's the official candidate and the R's will have to grin and bear it. Or he may have taken advantage of the tax amnesty in 2009, which would make him ineligible to serve as president. Nah.
Wasted Days And Wasted Nights: The Spanish bailout – despite advance propaganda – is not a cure-all. It's not even a cure-some. It certainly is not as first advertised. It is another round of “give the banks money and hold the taxpayers responsible for repaying it.” To quote German Finance Minister Schauble, “There is no direct infusion into the Spanish banking system. The European partners have a memorandum of understanding with the state of Spain and money is delivered to the state of Spain and guaranteed by the state,” Not only is Spain getting crushed, so too are Ireland's hopes of renegotiation. When's the disaster arrive? Spain's Budget Minister explains the current situation: "“There’s no money in the public coffers. There is no money to pay for public services." He went on to explain that if the ECB had not intervened in the secondary market, "Spain would have collapsed." Not too soon, but suddenly.
Blue Pencil: As the Libor investigation spreads, some wonder if Wall Street might start eating its own. Start?
Before/After: Since the 19070's revivals in the housing market have lead the way to economic growth. That was then, this is now. Now the rest of the economy will have to pick up before workers will risk
getting screwed by the bankers again plunging into home ownership. And the economy isn't picking up, and you probably shouldn't invest too much in the housing industry's recent claims about roses.
Tyrants Are Us: Russia and China, vetoing a UN Security Council effort to urge an end to Syria's violence, continue to support Assad in his quest to kill Syrian citizens.
Crème de la Crème: The distribution of wealth in the US is so lopsided that targeting "the top 2%", while sounding politically correct, doesn't mean what you think it means. The top 2% includes individuals earning more than $200,000 a year and married couples making more than $250,000 - which while a lot, does not put them in the millionaire/billionaire class. Even the top 1% are paupers beside the to 0.1%. Sam Walton's six heirs hold more wealth than the bottom 42% of Americans combined, making each one of them richer than more than 20,000,000 of their fellow citizens. Know your enemy.
Porn O'Graph: Neither onward not upward.
The Parting Shot:
Usual prize to anyone who can identify this one.