Monday, January 25, 2016
I've come to understand my confusion.
Stumped: Hillary simply cackles maniacally when asked about all the money Goldman Sachs has given her (Wall Street's paid the Clintons over $125 million since 2001) as her military-industrial complex entangled 'experts' up the volume of their McCarthyite attacks on Sanders. Krugman continues to say that the best way to reign in Wall Street and get us a single payer healthcare system is not to try, especially if it would harm the profits of the rich. Funny, taxing the rich used to be a core Democratic Party value, now they call it socialism.
Just Say No: As the mosquito-borne Zika virus spreads towards the United States, El Salvador asks women not to get pregnant until 2018.
They're Back: Insured (by you, the US taxpayer) commercial banks and savings associations are exposed to $274 trillion in notional (face amount) derivatives, and five banks hold 93% of that amount: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley. Just one of these behemoths, Morgan Stanley, only survived the 2007 crash with a $10 billion injection of funds from US, along with over $2 trillion in below-market-rate loans. [And we know about this only because of Bloomberg and Senator Bernie Sanders.]
Quoted: “Consumers just don't seem to be showing up...”
Culture File: While The Donald jokes (?) that he “could shoot somebody in the middle of Fifth Avenue and not lose any voters”, A man in NC shot and killed a man who came thorough the blizzard to help him and a man in Arkansas shot and killed a firefighter who was trying to help him. 'Cause guns make us free.
More of the Same: The exploiters, the extractors, the developers have discovered “a billion dollar ocean” - the Arctic is open for business. What could possibly go right?
Pax Americana: As the Republicans get ready to carpet bomb any Muslim that gets restive, let us keep in mind just how peaceful are the places we've introduced to democracy in the last decade or so: Iraq, Afghanistan, Libya, Syria, Yemen and Ukraine come quickly to mind. But our efforts maintain peace and freedom in the US, where most of us spend 40 years working off our debt to the banks for cars, houses, healthcare, and education. Sure we work longer hours for less pay than most other developed nations and send more of our fellow citizens to jail (and to death), but we're patriots; we accept defeat as victory, debt-slavery as freedom... Sorry, Orwell was a bit more succinct.
Answered: Bloomberg asks, “Are we headed for a recession?” Headed?
Head Fake: The National Security Agency is siding with those who do not want 'back doors' built into their electronic communications. No, they're not advocating privacy, they are simply sure they can break whatever encryption you have access to and want to fool you into thinking you've got some privacy. You don't.
Fairly Tale: Commentators are beginning to suspect that herding is at play in the stock markets. Really.
Porn O'Graph: To the tune of...
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 8:09 AM