Comming And Going: Goldman, having spent the last couple of years making money selling you as much stock as possible suddenly noticed that the S&P500 “ is now overvalued by almost any measure." Then they list ten measures from P/E ratio to operating EPS per share that suggest it is time to let Goldman make another set of fees selling those same stocks for you.
Pencil It In: The IMF now says the global economy will grow by 3.7% in 2014, up from a 3.6% guesstimate in October. Never mind last year's (2.7%) global growth was just half of the IMF guesstimate.
Half A Loaf, Or Less: The Chicago diocese has released information on about half of the pedophilic priests they've acknowledged, but the files released only dealt with pre-1996 abuse and only identified either suspended or defrocked clerics. None related to abuse by current clergy, giving the undoubtedly false impression that the abuse had stopped and the church was no longer hiding the criminals.
Explained: Here's how and why a warmer world is likely to have intense snow storms.
Mirabile dictu! Louisiana courts have found that the funding of the state's voucher program with public school funds is unconstitutional. Courts also have found Gov. Jindal's war on public school teachers was unconstitutional. And the Fourth Circuit Court ruled that the 7,000 teachers fired amid the devastation of Huricane Katrina were wrongfully terminated and due back wages.
Advice: Mother worries you won't marry a rich guy, economists worry that getting married won't make you rich. Love? What's love got to do with it?
Trendsetting: Last year was California's driest on record and this year conditions are worse. The Sierra Nevada snowpack - which turns into irrigation and drinking water in the summer- is now at about 10 to 30% of its normal depth. The rainy season is nearly over, what little there was of it, and NOAA experts agree more of the same is the most likely forecast.
Asked & Answered: What's the Best Way to Help the Poor? Jobs. What's the best way to create jobs? Build and repair our infrastructure through government spending. Won't that add to the deficit? Yes, and that may be a problem someday, but it'll subtract from the poverty today. "And an increase in the minimum wage is better than doing nothing at all.”
Clarifying the Obvious: “American capitalism as currently constituted is undermining the foundations of middle-class society.” Seems obvious. A class war is going on between the takers and the rest of us, the 99%. America’s affluent are affluent not because they made the right lifestyle choices. got good educations, and so on. They are affluent because we let them steal from the rest of us. End of story, move along.
Positively Negative: Nothing—no resource or combination of resources available to humanity today (or in the reasonably foreseeable future) can support industrial civilization once we finish using up the fossil fuels that made industrial civilization briefly possible.
Just Say No: The Surgeon General says that stop-smoking products are about as useful as vitamin supplements and you'd do better getting off nicotine by going cold turkey.
Clueless: A Pennsylvania Republican honored MLK by proposing a bill that would legalize discrimination. A Michigan Republican wants to “herd all the Indians” into Detroit and fence them in. A Florida Republican says “It's time to arrest [Obama] and hang him high.” Kentucky Republicans want to redefine abortion as domestic violence And best of all Missouri Republicans have drafted a bill that would allow parents to pull their children from science classes that are teaching the theory of evolution. SC Republican state senator Lee Bright (irony, f'sure) is trying to gain Lindsey Graham's seat in order to prevent armed IRS-trained agents from using assault weapons to force you to use Obamacare. It's not so much these people say such things, it's that they believe them.
The Parting Shot: