Tuesday, June 21, 2016
Consensus is generally reached by disagreeing.
Mystery Solved: Some seem puzzled that 10 years after the housing bubble burst so many Americans are struggling to pay their rent and not taking part in the real estate recovery. It is very simple: Vast numbers of one-time homeowners were financially gutted in Wall Street's housing trap and have not recovered. And will not, because rapacious investors swooped in, bought up the crushed housing on the cheap and have now raised rents so the former owners cannot afford to rent their old homes. And wages remain stagnant, so there is little hope for a flourishing middle class housing renaissance any time soon.
Sauce/Goose/Gander: The US commander in Europe, who has just overseen a joint NATO exercise involving the rapid deployment of troops to the Russian border in the Balkans, says we should fear Russia's ability to rapidly deploy large numbers of troops on their side of the same border.
Blessing The Little Children: Bill Donohue, a Roman Catholic member of the New York state legislature, explains he led the effort to kill a bill that would have made it easier for victims of sexual abuse to bring suit against their abusers because it was an attempt to “rape” the Catholic church.
Gasping At Straws: Phytoplankton in the seas are responsible for producing about half of the oxygen in the atmosphere. Scientists predict that when the world's oceans warm by 6°C (10.8°F) plankton will stop producing oxygen. They also predict that this may happen by 2100. Take a deep breath and relax; most likely you'll die of something else before then.
The Spared Rod: “There is a whole economics literature on the importance of being able to fire workers as a way of ensuring work discipline. Unfortunately this never seems to apply to the people at the top. And this is seen most clearly in the cases of those responsible for economic policy in the European Union.”
Populism: Surveys consistently show that Americans overwhelmingly want a single payer healthcare program – like that proposed by Mr. Sanders. So the Democrats have selected Mrs. Clinton, who adamantly refuses to consider any program that would hurt the profits of the medical, insurance, or pharmaceutical industries.
Repetitive Giving Disorder: The US, which has frittered away about $685 billion in Afghanistan so far, plans to send another $15 billion there to be stolen like most of the previous billions were. No new safeguards will be implemented to oversee the funds use.
A Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:11 AM