Thursday, April 30, 2015
Happy Face: The Good News is that the US economy didn't quite grind to a halt in 1Q2015; it grew (if that's the word) 0.2%. That's down a tad from the 2.2% annualized GDP growth rate at the end of 2014. Bet they blame it on the weather; it was winter. What they won't talk much about is the $121.9 billion increase in inventories, the largest inventory build in history, without which we're in negative territory.
They're Everywhere: It's not just in America, the ten richest Africans own as much as the poorest half of the continent's population.
First Things: The people of Baltimore (and lots of other places, big and small) are frustrated and desperate. Their frustrations and desperation are based in the great and growing disparity between the rich and the rest. All of us should pay attention, else we will pay a great deal more.
Gag Me: Those who want to profit from privatizing public schools claim that the Baltimore riots could have been prevented by more charter schools. Details to follow.
Whitish Lies: Seems that the Germans spied on the French and on EU officials for the US, and lied to their parliament over performing economic espionage for the NSA. Interesting, that bit about the NSA engaging in economic espionage. Makes you wonder who their customers are.
Asked And Answered: A reporter asked Senator Feinstein why she believed the CIA would lie to her about torturing detainees but not about drone stikes. After a pause she said, “That’s a good question, actually.”
Diagnosis: Representative Bill Flores (R-TX) has identified the root cause of the riots in Baltimore. No,it is not poverty, not inequality, not police brutality, it's “because of too many gay marriages.”
Assigned Reading: “The Police State is already here .”
Evolution: The US has promoted assassination from a rarely used and never discussed Last Resort to routinely employed tactic. How's that been working?
The Future Is Now: A Texas A&M Business School professor flunked his entire strategic management class for cheating and “ridiculous behavior”. Tomorrows masters of the universe, no doubt.
Posted by Charles Kingsley Michaelson, III at 6:49 AM