Set 'Em Up Again, Charlie: The FBI has cracked another FBI-originated plan to attempt to set off a fake bomb at a time and place of their choosing. The dupe this time was a 20 year old Kansan that the Bureau had been manipulating for over a year.
New Indoor Record: Student loan debt in the US has now reached $1.2 trillion – most of which will never be paid back.
Inertia: In the first two months of 2015, sales of durable goods in the US fell the most since 2009. As demand weakened, manufacturers' inventories have grown to a six-year high. Metals, machinery and professional equipment such as computers are among the products sitting in warehouses waiting for buyers. Expect widespread factory slowing until sales pick up enough to move the excess off the shelves. The strong dollar isn't helping, either.
Where's The Mirror? Obama has taken China to task for using its size and power to “force other counties into subordinate positions.” That, he said, was the perogative of the United States.
Hot Enough For Ya? California's last 12 months of drought is without precedent since at least 1895. Ditto the year before that. And the one before that, too. Tree-ring records show it is the worst drought in over a thousand years. The last year was 2.5°C above the states 20th century average, which doesn't sound bad until you learn that globally the difference between the hottest year on record (2014) and the coldest one (1911) is less than that. The IPCC predicts that the conditions in California now will become the norm for most of us before the end of the century. This isn't the end. This is just the beginning. It's going to get worse, and not just in the Southwest.
Happier Birthday To Me: Jason Lee, then the managing director of Goldman Sachs’ convertible bond banking branch, didn't understand that the perks that come with being one of the Masters of the Universe did not include being able to rape an Irish tourist just because it was his birthday.
Out The Window: Amsterdam's red-lit window brothels are being closed, much to the dismay of the city's 7,000 sex workers who say they are losing safe places to ply their legitimate profession. First they closed most of the marijuana shops and now this!
Taking It Easy: Financial managers handling the NYC Pension Fund's $160 billion nest egg – 80% of which is held in ordinary stocks and bonds – have paid themselves a bit over $2 billion in the last ten years while passing on $40 million to the employee fund.
Porn O'Graph: We are there.