Factoid: The average rate of US economic growth since 2008 is pretty much zero.
Friday, January 8, 2016
All life is communal.
You Ain't Seen Nothing Yet: As a preview of how the TPP will castrate national governments, TransCanada Corporation, proud parent of the Keystone XL pipeline venture, filed a lawsuit in US federal court seeking to reverse Obama's rejection of the pipeline becaue he did not have constitutional authority to do so. It also filed a “legal action” under NAFTA' seeking to extort $15 billion from the US taxpayer for that decision through a secret, extra-judicial, corporate-controlled process.
Quoted: “Somewhere out there is the next recession. We are woefully unprepared for it and I fear that the likelihood that this will change by the time the next downturn gets here is low.” Jared Bernstein
Report Card: In 2009 the nations of the world committed to providing $100billion a year to finance efforts to slow global climate change. The latest available estimates are that an average of $57 billion a year is being provided. Give us a 'D'; 57 is not a passing grade.
Open To Interpretation: The Ohio prosecutor who led the investigation into the murder of 12 year-old Tamir Rice by Cleveland cops says that releasing the testimony presented would put the grand jurors at risk.
Must Read: As soon as you're done here, go read Gail Tverberg's '2016: Oil Limits and the End of the Debt Supercycle'
Vote Getter: “I’m not in favor of privately run charter schools. If we are going to have a strong democracy and be competitive globally, we need the best educated people in the world. I believe in public education; I went to public schools my whole life, so I think rather than give tax breaks to billionaires, I think we invest in teachers and we invest in public education. I really do.” Bernie Sanders.
Noted: “In Britain we’ve already experimented with a system in which one group of people receive a guaranteed income with no obligation to work for it. But what if this was extended beyond the royal family?”
Onanism: Congressional Republicans have racked up yet another victory, sending bills to the White House that would repeal Obamacare and defund Planned Parenthood. Meaningless and empty, but it makes them tingle all over.
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 8:24 AM