No matter how bad times get, Wall Street can make them worse.
Picking Up Pennies: Unilever, which says it “makes decent money” selling individual packs of shampoo for 2 or 3 cents in Indonesia says “poverty is returning to Europe,” and plans to do the same thing in places like Spain. As they observed, it is difficult to sell a consumer a big box of detergent for €7 when they've only got €17 for the whole week's shopping.
Insert Foot Here: Romney claims that he is "very proud" that
Obamacare his Massachusetts health care law has expanded access to women’s health care services, including contraception.
It's The Economy, Stupid: Virginia's public shools had 8,742 students who were homeless last year, a 75% increase over 2008. And that's probably an undercount. In Mississippi, 25% of the population struggle to afford their daily food. In North Dakota, the state with the best food security, 10% have difficulty buying sufficient food for their families. Over 30% (15 million) of US homeowners remain underwater. Yet neither Obama nor Romney want's to talk about poverty in the US of A.
Sophistication: Only 11% of the highly paid, master of the universe hedge fund managers managed to beat the S&P so far this year. That's why they earn the big bucks. That, and the stupidity of their investors.
Burning The Commons: More and more parents are deciding not to vaccinate their children, often because of irrational fears or irrational religious beliefs. Your freedom of religion does not include sacrificing my child's life for your beliefs, nor do your “parental rights” overrule years of scientific research. The population as a whole has the right to defend itself from assault by its individual members.
Hope, Dawning: Surveys show that 80% of homeowners believe that their house will be worth more in a couple of years and over 60% say this is a good time to buy a house - theirs, for example.
Guns R US: Peace-loving Uncle Sam sold $66.3 billion worth of weapons overseas last year - more than twice the previous record - mostly to dictators and tyrants and those controlling our oil. That's 75% of the global arms market. Russia was a distant second with about $5 billion in sales.
Weapons of Mass Delusion, Or It's About Controlling the Oil, Stupid: While the United States and its allies keep talking about the threat Iran poses, US officials have repeatedly acknowledged that there is no evidence that Iran is trying to build a nuclear weapon.
A Quote: "You can’t pay attention to the Party platform – those are just our fundamental beliefs that we don’t care about.” Let's just call it Anonymous - it could have been any number of senior pols from either party.
Quoted: There was a time, not long ago, when Republicans — whatever you might think of their other ideas — were not batshit crazy.
Porn O'Graph: Nowhere to go but down...
The Parting Shot: