Easy Come, Easy Go: The ever stronger US dollar stubbed its toe Friday, losing the most against the euro in over three years and sparking a rally in stocks and oil as investors celebrated the weakening of the US economy. Go figure.
Ghost Of Crisis Past: Nationwide, the percentage of underwater homeowners has been flat for the last two quarters (after 10 consecutive quarters of decline) and homeowers repeating the foreclosure process jumped 11% m/m. Both new and repeat foreclosures hit a 12-month high during January and housing starts fell 17% m/m in February. Nationally, 17% of all houses with a mortgage are underwater – worth less than the amount owed. Twenty-seven percent of those on the lower end of the price range are underwater.
Water Soluble: All we have to do in the face of California's drought is to completely change where and how we grow our food.
Reloading: Speaker Boehner has been summoned to Israel to receive his latest marching orders from Netanyahu, “further strengthening the bond between Wall Street, Congress and Israel's right wing government."
Noted: “If economists and their statistics were right, you would have had a raise by now.”
One Shoe: The administration has issued regulations requiring hydrofrackers to disclose the chemicals they use. Republicans will be rushing to the podium to denounce this new overreach by the dictator in the White House as soon as lobbyists for the fracking industry get the talking points written.
Because I Said So: That hypoallergenic cream on the counter isn't really hypoallergenic because the term is meaningless. Expensive but meaningless.
Criminalizing Hope: House Republicans have proposed making being an illegal alien a federal crime (currently it is a civil offense) and giving every cop in the country the power to enforce federal immigration law, arresting anyone they suspect of being an illegal who cannot produce residence papers. Absent proof of legal status, the individual would immediately be put into the deportation chain. This, like most of what the Republicans in Congress do, will not become law, nor is it intended to; it is just red meat to toss to the crazies on the far right.
Freeloading: Republican Bruce Rauner, Governor of Illinois, has instructed all state agencies to stop giving money from non-union workers to unions, because parasites vote Republican.
And On The Seventh Day: Currently, the law in feudal Wisconsin requires that workers employed in a “factory or mercantile establishment” must receive “at least 24 consecutive hours of rest in every 7 consecutive days” unless the worker and employer jointly seek exemption. In order to reduce the burden of government paperwork on employers, Republicans in the state legislature plan to remove the requirement, essentially allowing employers to demand workers show up seven days a week forever.
Mental Health Coverage: Florida state employees who talk about climate change or global warming are suspended from work until a mental health evaluation verifies their “fitness for duty” in Rick Scott's utopia.
Not News: The world's forests continue to be cut into ever smaller tracats, encouraging and enabling mass extinctions.
Porn O' Graph: Recidivism.