Don't Tell The Bernank: Empirical data confirms that interest rates do not affect business investment decisions, which tend to be driven by perceptions of the risk/reward balance in new or expanded production. If no market is seen, no investment will be made, no matter how low the interest rate.
Quoted: "... it is pretty clear that 9/11 was state-sponsored terror … although people argue about which state or states were responsible." [Hint, 15 of the 19 hijackers were Saudi Arabian citizens. Added extra: "remember that Saudi Prince Bander – head of Saudi intelligence – helped to arm the Mujahadeen in Afghanistan, and is now arming Al Qaeda in Syria."]
Public Enemy Number One: Having failed to blackmail their machinists' union in Washington, Boeing is trolling statehouses across the country, looking for a pliable work-force and a tax-friendly environment where it will not be burdened with taxes or contributing to worker's pensions. Or unions.
The First Unreformed Church of Wall Street: According to Bloomberg, while Pope Francis is a pretty nice guy, he “misunderstands the free market” and his comments are “ frustratingly vague, imprecise or poorly considered.” Maybe, but he's pretty clear on the Sermon on the Mount.
Deep In The Heart Of: A judge in Texas has resigned after being caught texting prosecutors during a trial.
Echo: Following in the useless footsteps of their fellow parliamentarians in Pakistan, the Yemeni Parliament unanimously demanded that the US stop using drones
Hidden In Plain Sight: Politicians, intimidated by cries of “class warfare,” have shied away from making a major issue out of the ever-growing gap between the rich and the rest. But raising taxes on the rich is not 'class warfare' – it 'crass warfare', aimed at defattening the pigs. Another thing, the proper term is not 'economics' but 'political economics'. End of story.
Fair Is Unfair: GM's CEO says that asking shareholders to pay back the $10 billion hit the taxpayers suffered in bailing out the company would be “unfair”. Why would anybody want to set a precedent where the investor has to suffer a loss when an investment goes south?
Wrong Question: Finally a few folks are asking “Should the NFL Lose Its Tax-Exempt Status?” but the real question is, “Why did the NFL ever have a tax exempt status?” Why is one of the most profitable organizations in the country with a CEO who rakes in more than the head of Wal-Mart and Coca-Cola, not only tax-exempt, but able to get taxpayers to fund their stadiums – and then pay no property taxes on them?
Pot/Kettle: College men who rape coeds say their rights are being violated when they are punished by the schools for what should be pursued in a court of law. Or by Heisman voters, whichever.
Clip & Save: "North America to Drown in Oil as Mexico Ends Monopoly." Citibank is sure that simply adding greed to depleted Mexican oil fields will double their output with weeks, maybe even days. Petroleum geologists don't think so, but what do they know about finance and investments?
The Parting Shot: