Thursday, August 20, 2015
Cat/Bag: After six years and $4.5 trillion, the St. Louis Fed is beginning to suspect that Quantitative Easing didn't work quite like The Bernank thought it would. Actually, it didn't work at all.
Another Brick In The Wall: The Regal Cinema theater chain announced it will begin checking customers' bags and purses as they line up to buy popcorn.
The Long Road Home: A decade ago the idiots in Congress agreed with the idiots in the White House that the nation need to cut spending. And they've stuck to this pledge, even after the economy cratered in 2008 and the nation desperately needed the stimulus of government spending. Since 2009, state, local and federal spending, combined, has shrunk 3.3%. Over comparable periods in past recoveries (the ones where actual recovery occurred) spending increased over 20%. Economists knew this would happen. Politicians were praying to another god.
Fill In The Blank: Undercover Police have regularly spied on ______________ in _________ . In this case it's Black Lives Matter activists in New York, but conditions vary.
Third Time's A Charm: Indian mining giant Adani, which wants to export 60 million tons of coal a year from its Australian mine through a channel dredged through the Great Barrier Reef, has submitted a third plan for destroying the reef in the name of profit. Given the troglodytes in charge of Australia, sooner or later they'll turn coral into profits, so the world can emit even more CO2 to warm the world and boil the rest of the reef.
Progress: It seems that consolidation in the health insurance racket is going to mean higher premiums for most of us. Shocker.
Part-Timer: In 2005, then governor Jeb Bush's Florida moved $250 million in pension fund assets to Lehman Brothers, and then added another $1.2 billion. Then, in 2008, Lehman collapsed taking about $1 billion of teachers' and state employees' retirement with them. By then Jeb was no longer governor; he was working for Lehman, making $1.3 million a year. After Lehman collapsed, the hard working former governor found a job at Barclays that would give him time to look for another job in the government.
Eyes Of The Law: NY Governor Cuomo says that women going topless in Times Square are breaking the law, but that a topless Donald Trump would be okay. I don't know which law Cuomo had in mind, but he's sure got things backward.
Porn O'Graph: Big government boogeyman, ha!
Posted by Charles Kingsley Michaelson, III at 7:50 AM