Teen
Angels:
The economy is being saved by teenagers – the latest
BLS data show that adults (25 to 54 years) lost 455,000 jobs
while the kids (24 and under) gained 691,000
low-paying semi-skilled jobs scooping ice cream and emptying
bedpans. Transportation
jobs, dependent on real economic activity moving real goods
around, disappeared by the thousands. Unemployment, including the
“marginally
attached” but not counting those who can no longer get unemployment
payments, is now at 9.9%. Nevertheless, the headline number -287,000
jobs! - prompted a knee-jerk surge in US
Stocks.
Terms
of Endearment, Not:
“Global excess industrial production capacity...” Echoed by
”Global
economy 'grim'...”
Money
Quote:
Around
the world, the message being sent to the average citizen is “the
lifestyle you ordered is out of stock”. The promises of rising
consumption, steady employment, secure pensions and guaranteed
healthcare can no longer be kept in a world of limited resources,
stagnant growth, negative demographics and rising income/wealth
inequality. The “good old days” of cheap, abundant energy and
steady expansion of consumption, jobs, profits and taxes are over.
Unclear
on the Concept:
The EU
plans to give Ukraine's
corrupt leadership
50 million euros to fight corruption in
the Ukraine.
By
The Pricking Of My Thumbs:
Upwards of $10 trillion in US and EU government debt now trades at
negative yields. And not just short-term safety
plays – the negative
interest rates include lots of 10-year bonds and the Swiss are
offering to hold onto your money for 50 years and then give most of
it back. It is a strange world where those with big bucks are willing
to let the government – even the very iffy Spanish - hold their
money for 10 to 50 years with the promise of losing only a little bit
of their money. It is not just that no one expects any inflation or
economic growth for a long, long time, lots of folks are hedging
against outright deflation. This is
not a good development.
Performance
Play:
Since Bill left the White House in 2000, he and Hillary have
received ('earned' just didn't seem like the right word) over $150
million in
speaking fees.
The
500 Pound Robot:
No one seems eager to discuss the moral implications of the Dallas
police using a robot to execute a man trapped in a parking garage.
Sure, it put an end to the standoff, but was it the best way? Was
this officially sanctioned murder socially or morally acceptable?
Will the next one be? Or the one after that where they blow up the
wrong guy or kill a bunch of collaterals?
Clipped
& Saved:
Wikileaks notes that the FBI did not ask them for their copies of
Hillary's emails. That's okay – they'' ll
publish
them pretty soon anyway. The FBI
could have gone up to Ft Meade and read the NSA's copies...
Projecting
And Serving:
Baton Rouge police in riot/combat gear raided a BLM protest party at
a private residence, forcing the people to disperse. And when they
stepped into the street,
the cops arrested them for
being black in public
blocking traffic.
Precision
Weapons:
The US will be deploying 560 soldiers to help the Iraqi army retake
Mosul. Exactly 560, 559 wouldn't do the trick and 561 would be
overkill.
Just
Said “No!”:
Japan has told our next president that it will not renegotiate any
part of the TTP pact. Hillary says the US should get a 'redo' if they
do not benefit American workers, and none of them do.
Porn
O'Graph:
Reality, check.
The
Parting Shot:
--- photo by Jonathan Bachman
9 comments:
Let me fix that for you.
Since Bill left the White House in 2000, he and Hillary have extracted ('earned' just didn't seem like the right word) over $150 million in speaking fees.
One belabors the obvious when pointing to the destruction of our civilization proceeding 'as planned'.
The irony here is the old model stopped working but the 'beneficiaries' of the now defunct model will be damned if they're going to 'lose' [control] too!
The new model should be getting rolled into place but since the, er, 'owners' of the broken model don't know what that will be so we find ourselves stuck, waiting for a signal that will never come.
How sad is it that this is what revolts are made of?
re Dallas drone. Nothing particularly new here, just a new technology. Waco and Philly come to mind, and Fred Hampton, along with countless other instances fading back into the mist. They burnt J W Booth out of a barn, did they not?
It's well understood that cop killers have short shelf lives. Their arrests mark the apex intersection of police rage and institutional dominance doctrine. As such, the odds of being shot while resisting arrest or brandishing a weapon escalate drastically.
They blew the mother effer up. Totally predicable in hindsight. Man in blue high fives across the country.
In the end, this is exactly like shooting an unarmed man lying on the street, just more so. And more premeditated, but really on a continuum of traceable mindset and values. The neighbors are lucky they didn't cluster bomb the whole damn block.
So whats new and different is the tech used, and the fact that the world is watching more closely and in real time.
re parting shot. wow. super powerful. both horrifying and inspiring all at once. i assume it's yours? damn nice work.
No, McMike. The photo is by Reuters photographer Jonathan Bachman and I should have credited him.
There, done so. Thanks, McMike.
re photo. aha. and here I was picturing you right out there in the mix, wearing a leather football helmet and cotton bandana over your face to get that shot!
In any case, thanks for sharing it. Helluva image.
Sorry to disappoint, but the last demonstration I took part in that involved both the police and the Feds was against the House Unamerican Activities Committee, many decades ago.
That, and the Czeck uprising of 1968.
I guess you've done your time then. More than I can say for myself.
Lucky for all of us, there's people like that young woman in the photo who are willing to fill the void.
Re "Teen Angels": The Household Survey actually indicates that 67,000 more people were working in June versus May. So the headline number of 287,000 consists of a minimum of 220,000 phantom jobs created by BLS "adjustment" magic. So of course, for a totally "rational" market, more good bullshit is a "buy" signal.
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