One Less Thing To Worry About: Draghi and the ECB no longer have to worry about the EU slipping into deflation – it's already there and the markets are predicting disaster.
Now It Can Be Told: Even the Washington Post finally sees the light, admits that the politicians and political economists who imposed austerity and blocked government stimulus were wrong, inflation was never the problem.
Amen: Salman Rushdie – who survived a fatwa on his life – says that religion is a “medieval form of unreason” that deserves “fearless disrespect”.
Them Vs Us: Bar complaints alleging at least 15 violations of the Rules of Professional Conduct have been filed against Ferguson Prosecuting Attorney Bob McCulloch and Assistant Prosecuting Attorneys Kathi Alizadeh and Sheila Whirley. Separately, one of the grand jurors has claimed that McCulloch “mischaracterized” the Darren Wilson case and is suing for the right to speak out concerning the proceedings.
Once More: Stimuli stimulate And worse, much worse: Keynes was right.
About Global Warming: All sorts of official scientific agencies are agreed, 2014 was one of the hottest years on record and all of the ten hottest years on record have occurred in the last 15 years. Now will you stop yapping about some mysterious “missing heat” or “pause” in global warming, Senator Inhofe?
Cart/Horse: Pundits claiming that “the global economy is at risk from the dive in oil prices” have got things exactly backwards. As Bubba used to say, it's the economy, Stupid.
Money Talks: The Republicans and at least nine bought and paid for Democrats want to authorize building the rest of the Keystone pipeline and want the President to find a compromise – like looking the other way? Signing the veto with disappearing ink? Between building and not building the damned thing, what would a compromise look like?
Blackballed: The US maintains that Palestine is a concentration camp, not a state and thus does not qualify for ICC membership. UN Secretary-General Ki-moon disagrees.
Poor Timing: Just as three dedicated Islamic terrorists slaughtered 12 cartoonists in Paris, Turkey's Rejip Erdogan that Europe must crack down on the rampant and unwarnated “Islamophobia'. Sorry, Rejip, Islam – of all stripes – is a medieval menace and must be eliminated. Christianity is evil enough, but these days its mostly under control.
Good Question: If markets have already priced in the ECB's promised QE, why would actually going through with it make any difference?”
For Whom The Bell Tolls: Chancellor Merkel claims that Greece’s exiting the euro would be manageable and would not provoke an existential crisis for the common currency. She is wrong.
Take A Note: The drop in oil prices has the potential to wipe out more than $1.6 trillion in earnings for producers and producing nations. That'll put a noticeable hole in somebody's wallet.
Who Are These People? The company that has the contract for the concessions at Yosemite National Park has the gall to claim a trademark for “Yosemite National Park”. Which should be sufficient grounds to take the concession from them.
Porn O'Graph: Trust is earned.