Wednesday, February 17, 2016
Economists spend an inordinate amount of time and effort explaining why things didn't happen. Demetrius
Contractions: According to the Empire State Manufacturing Survey, the contractions continue to be a month apart, as it reports NY manufacturing business activity declined for the seventh consecutive month.
Breaking Up Is Hard To Do, Maybe: British Prime Minister David Cameron has promised the British people a vote on the 'Brexit' question by 2017, and has set forth changes that might help keep the UK in the EU. Eastern EU nations have made counter-proposals that will be discussed at a meeting in Prague on Thursday. Great Britain is looking for special concessions that the other nations are not eager to provide. Europe's banks are adamantly against a British exit because they are sure it would lead to a complete breakup of the EZ and probably the EU, as well as an economic recession for all.
Finger On The Scale: Donald Trump isn't being paranoid when he accuses the RNC of stacking the debate audience in favor of Jeb! - the establishment's choice. He'd best expect it to continue, as Sanders undoubtedly does, as both the RNC and DNC are preparing for brokered conventions. There also seem to be well-financed mysterious operatives seeking personal data on potential delegates, supposedly to 'influence' their decisions.
Fact: We have already had an election to decide who gets to appoint the next Supreme Court Justice. Obama won by over 5 million votes.
For Whom The Bell Tolls: The paltry handful of American manufacturing jobs that have survived NAFTA, China's inclusion in the WTO and various bilateral trade agreements are unlikely to long survive the TPP – American workers simply can't compete with the $1.70 an hour paid in Mexico and even lower wages in the other TPP conspirators.
Private/Public Cooperation: The federal government now uses private debt collection agencies to pursue student loan dead-beats. These agencies seek judgments in federal court ordering the debtor to pay and then turn to the US Marshal's service to serve warrants and arrest the debtors. So the government pays an middleman to use the federal government's resources to recoup money owed – through what is essentially a system of debtors' prisons.
Paul/Peter: Republican Mary Lou Bruner, running for a seat on the Texas Board of Education, claims that “Obama has a soft spot for homosexuals because of the years he spent as a male prostitute in his twenties.” This undoubtedly tells you more about the Texas Sate Board of Education than it does about Mr. Obama.
The Profilers: Ted Cruz's campaign has a clever mobile app – called 'Cruz Crew' – that is designed to gather personal information from users’ phones, tracking their movements and stealing all the names and contact information on the infected phones. Nor is the Cruz campaign the only one doing this.
Porn O'Graph: Mirror, mirror on the wall.
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:24 AM