Deep And Deeper: Dr. James Hansen and friends – 17 of the world's most prominent climate scientists – have a new report being published this week that tells it the way they see it. And what they see is the Greenland and Antarctic icecaps melting 10 times faster than previously estimated, resulting in at least 10 feet of sea level rise in the next 50 years. And after that it will keep rising, for centuries. In their view, New York City, Miami, London—and every other coastal city on the planet—have only a few decades of habitability left. And that's without any big methane burps.
Recovery, Footnoted: One out of four children in Republican-controlled Tennessee now lives in poverty. Naturally it is Obama's fault, somehow.
Bricks Without Straw: The world's raw materials – as reflected in global commodity prices – are not in much demand... and the stock markets think this is a good thing. Well, except for the fracking sector where banks are getting nervous. But metals – from iron to silver and gold – nobody wants. Strange, we are happy not to be building stuff that requires any of that messy mining and refining and all... The message seems to be that the consumer isn't buying and thus commodities are not in demand and somehow this is a good thing.
Inscrutable: Having got caught after cooking the books for eight years [more properly called accounting fraud on a massive scale by lying about the company's profitability], Toshiba's CEO is retiring. Full pension, etc. No jail, of course.