Wednesday, October 7, 2015
RSVP: The good doctor Carson, in his best bedside manner, explained that Obama shouldn't visit privately with the families of the Oregon shooting victims and that he personally was too busy to meet with the families but thought he “would probably go to the next one.” Check back in a week or two.
Doomsday Machine: Samsung is expected to make up for the poor response to its new products by investing billions in research and development of new products for new markets. Just kidding. It is expected to spend billions buying back its own stock to increase the price if not the value of its shares, especially those held by senior management.
What Did He Know And When Did He Know It? Ben Bernanke now says that senior executives at severa financial institution should have gone to jail, but it wasn't the Fed's job to prosecute them. It was the Ben's job to give them trillions of dollars.
Counterintuitive: Why do our leaders believe that a terrorist group that arose due to our armed intervention in their country can be defeated by more armed intervention? Bombs represent a complete failure of policy, serving only to destroy a country's infrastructure and economy and to turn ever more of its people into enemies of the Great Satan.
Keeping Secrets: The corporate lawyers who negotiated the glorious Trans Pacific Partnership are so proud of the agreement that they insist that it remain secret for four years. Makes one wonder how Congress will manage to hold an informed debate on the wisdom of accepting the deal. Or if they will even be allowed to read the whole thing, in a locked room, under guard, note-taking prohibited. “Accepting” because all they get to do is vote Yes or No and cannot change a word.
Squeaking Wheel: A group of climate scientists sent a letter to the White House urging the use of RICO laws to prosecute energy companies that have funded global climate change denial groups. Naturally, upon learning of this Lamar Smith (Righteous – TX), chair of the House science committee immediately announced plans to investigate
Clues: America's 500 biggest companies have got over $2.1 trillion in profits sitting “offshore” to avoid US taxes. I don't mind the tax dodging, but I want to know how many workers were cheated out of how much of their productive contribution to this pile of ill-gotten swag.
Leveling the Preying Fields: Ms. Clinton, responding to Bernie's 'no tuition' plan, says it is a bad idea to let a handful of rich kids get out of paying tuition just so tens of thousands of poor and middle class drones could improve their lives.
On The Border: Texas history books claim that the millions of Africans who arrived in the United States between the 16th and early 19th centuries were migrant workers. Presumably they were seeking jobs and a better life. A large number of them still are.
Deal Maker: Bernie Sanders (I-Vt.) says that the TPP is “disastrous”, that “Wall Street and other big corporations have won again,” and that he will work to defeat it in the Senate. Bernie's stand is enough to get my vote, and some of my money, too.
Enlightened Self Interest: Global mining giant Glencore's CEO is asking the competition to shut down some of their mines so Glencore won't go belly up. Good luck with that.
Porn O'Graph: Grating expectations.
Posted by Charles Kingsley Michaelson, III at 7:48 AM