Friday, August 28, 2015
“An imbalance between rich and poor is the oldest and most fatal ailment of all republics.” Plutarch
Wording: “Chinese investors haven’t been investing based on how the economy is doing, but rather, based on what they think the government will do to prop up the market.” Really, just Chinese investors?
Food For Thought: “The first half of 2015 has seen the worst decline in world trade since the 2009 crisis.”
Wading In: The NASA now says that the IPCC's 2013 estimate of sea level rise was a tad conservative and it is now expected to be at least three feet in the next century. That will force 150 million people to relocate and will flood several major cities. The increase is due to the rapidly increasing rate that ice sheets in Greenland and Antarctica are melting.
It's Half Time: The BEA has revised its guesses of 2015 GDP growth. First quarter grew at a 0.6% annual rate, second quarter 3.7% (up from 2.3%i) and third quarter growth is now projected to be about 1.4%. Don't bank on it.
Business is Booming: A Chinese arms dealer has sold $20 million in weaponry to South Sudan, where Israeli weapons are widely used in the civil war. Where is the money for these weapons coming from, and why?
Perspective: Drought has so severely reduced maize (corn to Americans) production in Zimbabwe that less than 25% of children under 2 get minimum levels of nutrition. Half of all children under 5 years old suffer from anemia. Maybe we could encourage the Republicans who so want to force unwilling mothers to bring unwanted children into the world to refocus their fervor on feeding some of those that are already here.
Technically Speaking: 26 Japanese universities are abolishing courses in the humanities and social sciences. Doesn't pay.
Magic Decoder Ring: When analysts say “At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt.” What they mean is that they've got to borrow another half trillion buckeroos to pay back their current debts so they can keep drilling for oil no one wants. Sounds like a plan.
Can't Win: Widespread Roundup use has caused the monarch butterfly population to plummet by a billion. Now their Mexican wintering habitat is being degraded by illegal logging. Say goodnight, Gracie.
She's Right: "There is no tolerance for those people who question the dignity of others, no tolerance for those who are not willing to help where legal and human help is required.” Angela Merkel. To bad a lot of Germans don't agree, and Hungarians want to stop migrants at the border, while Denmark is considering toughening its citizenship laws.
Porn O'Graph: No future in the futures.
Posted by Charles Kingsley Michaelson, III at 7:34 AM