It’s time for some rules on who owns our personal information. Mathbabe.
She Made Me Hit Her: Barclays CEO says that the bankers didn't want to rig the LIBO rates, but they were forced to because they couldn't charge the customers for their bank accounts. If we let them gouge us for the privilege of lending them our money essentially for free, they'll stop screwing us so openly on interest rates. Sounds like a deal.
Hope Floats: Apple has now become the most valuable (based on aggregate stock price) company ever. Put that in your iPipe and smoke it.
So It Begins: Belize, with one eye on Greece, says that its creditors can accept a 45% haircut, wait 15 years for another payment, or go without. The best part is that the government simply put a notice to that effect on its website. Watch this one – if they get away with it, Katy bar the door.
Good Question: “Who does the government intend to shoot?” asks Retired Major General Jerry Curry, pointing out that domestic government agencies have recently purchased enough hollow point ammunition to punch 5 holes in every American. How out of control does the government think we're going to get? For some scale, he notes that US forces used about 70 million rounds a year in Iraq compared to the 750 million rounds of hollow points and another 750 million 'miscellaneous' rounds that Homeland Security alone has ordered. This is serious ammunition and we must assume Homeland Security intends to use it for serious purposes here in the homeland. Against us?
How Bad? The German austerity measures in Greece have worked so well to revive the economy that 76% of Greeks wish they could emigrate. Today. To almost anywhere.
Thumb To Nose: It isn't just Standard Chartered that has been pretending not to notice the US unilateral injunction to the whole damned world not to trade with Iran nor help Iran evade the US sanctions against it for thinking it is an independent, sovereign nation. Iraq – you remember Iraq: no WMD, about 4,000 casualties, and we're not here for the oil – is helping Iran through financial shenanigans and petroleum smuggling. And India is writing insurance for tankers laden with Iranian oil. (India also is getting in bed with Russia for access to its Arctic shelf petroleum exploration.) Why don't these people behave?
Self-hoisting Petard: The new voter ID law in PA that the R's are so proud of will disenfranchise large numbers of the elderly - as many as 1 out of 3 in some counties. And elderly Pennsylvanians have traditionally voted Republican. Should'a done some homework.
Politics Is Local: Cutting the budget is easy as long as it's a project in another state that gets cut, or a crop support for something I don't grow, or a defense program for useless and unnecessary weapons that are not built in our state. Oh, wait, defense contractors have spread out their operations so they are in everybody's state... and that's why cutting the budget is easy to talk about and hard to do. No, make that “impossible to do.” Not gonna happen.
The Parting Shot:
Making it to the top.