Watts Happening? The militarized, out-of control cops in Ferguson, MO – and their KKK supporters – rather routinely not only shoot young blacks, they routinely harass journalists, shoot near (or at) and gas them. If this is how they treat journalists, imagine what it is like to be black there. Is there any reason to suspect that Ferguson is an aberration?
Quitters: Statoil, Norway's state-owned oil company, has joined the growing list of companies which have failed to find any of the purportedly immense bonanza of petroleum beneath the Barents Sea. There's always next year.
Water World: While ICCP and the media keep focusing on “by 2100” as though climate change suddenly ends then, it does not. If we do not act now to stop the accumulation of greenhouse gases in the atmosphere, the two or three foot rise by the end of this century will become twelve to fifteen feet by 2200. But two things: 1) we do not care what happens 20 years from now, much less 200, and 2) we're not going to change. La.
Location, Location: In July, home sales in Southern California are down 12% year/year.
Liberal Bias: The right-wing American Enterprise Institute agrees with those lefties at the Economic Policy Institute in finding that cutting unemployment benefits did not boost employment in any way. Economists find that unemployment is driven by declines in aggregate demand, which could be mitigated by government stimulus programs.
Ooops: The good news on the employment front is that new claims for unemployment only went up 21,000 last week. Wait until the upward revision next week.
Like! This: Facebook is tracking you on all your electronic devices – phones, pads, desktop computers – in order to identify what advertising you see prior to making a purchase. All the better to manipulate you.
Socially Secured: Social Security turns 79 this year, and it is in excellent health. Social Security costs are not out of control. Costs are projected to rise from roughly five to six percent of GDP before leveling off. Americans across all political and demographic lines support higher Social Security taxes to close the projected shortfall. Taxing the earnings above $117,000 that are not taxed now is a preferred solution. Social Security costs are not a threat to our children and grandchildren, the for-profit private health insurance system is. Social Security began building up the trust fund in the early 1980s in anticipation of the Baby Boomers' retirement. The trust fund is projected to keep growing for another five years to almost $3 trillion. The average retirement benefit is $15,600 a year. It needs to be raised, significantly. Social Security is fully funded through 2033. After that it can continue to pay 75% of the promised benefits indefinitely. Not bad for an old geezer.
Preventive Marriage: The Southern Baptists are encouraging people to marry earlier in order to “prevent sexual sin” during sexual maturation. They did not suggest any particular age, but my own experience would suggest somewhere about 15. Just to prevent sin, mind you.
Porn O'Graph: Democratic wastrels.