Wednesday, January 13, 2016
Too much change may result in going in circles.
If Only: Putin says Russia has no interest in the costly and meaningless role of 'superpower'. What if the US admitted that Iran has not attacked the US and is most unlikely to do so, and then decided that there were damned few places in the world where removing US troops (and drones) would harm US interests. Note that we're talking US and business interests, if those are separable.
Blame The Other Guy: Reports regularly claim that China's slowdown is responsible for the financial mayhem spilling across the world's economies. The Fed? Wall Street? Hey, we didn't do nothing and besides the contagion won't spread to our markets...
Entrails: The second largest US coal mining company, Arch Coal, has filed for bankruptcy. Because oil...
Blue Booties: In Virginia the GOP has introduced a bill that would require teachers to examine a child's genitals before letting them go to the potty, to make sure they used a restroom of their “correct anatomical sex.” Is this covered in basic teacher training courses?
Dream On: China says it will end the use of coal in the city of Beijing and surrounding areas by 2020 in hopes of making the place livable. They plan on switching to gas or non-coal-fired electricity for heating.
Claws and Effect: Reports suggest that the FBI is aggressively investigating possible corruption between 'donations' to the Clinton Foundation and the awarding of certain Clinton State Department contracts because they were embarrassed by how lightly former CIA Director David Petraeus got off. That's what Bernie was talking about when he said Hillary was in “serious trouble.”
Immunity/Impunity: Five of eleven former Deutsche Bank, Barclays and Societe Generale bankers charged with manipulating the Euribor interest rate failed to show up for their trial. When was the last time you didn't show up for your trial?
The Little Engine That Didn't: Bank of America, noting that railroad car-loadings dropped the most in six years last year and don't look good for this year, suggested that this “may be signaling a warning for the broader economy." They also cautioned that over the last 30 years such declines in car-loadings “ preceded, or were accompanied by, an economic slowdown.”
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:26 AM