Friday, August 5, 2016
Sometimes war is the lesser evil.
Quoted: “I think our biggest problem in society is we're headed more and more toward a two-tiered society. That is, creating welfare for the wealthy and destroying opportunities for the disadvantaged.” Charles Koch
On The Road: US factory orders fell 5.6% y/y in July, making it 20 consecutive months of decline. Such serious and continued declines have regularly ended in recessions.
Lying Eyes: Donald Trump has repeatedly described a video he claims was made by the Iranian government of the arrival in Tehran of a plane with $400 million in ransom paid by Obama. Except the video was not shot by the Iranians, was shot in Geneva, and was not of cash but of 3 of the 4 Americans released by the Iranians. And the cash was in settlement of a 1979 weapons deal that went awry. Other than these few details, the Donald nailed it.
Asked & Answered: “How Dangerous Is Deutsche Bank To Stability?” How far is up?
Precociously: Trying to put make the Donald's insulting of the Khan family go away, his PR flack Katrina Pierson explained that Captain Khan's death was due to President Obama's flawed military strategy. Too bad that the captain died in 2004
Blackmail: Comcast says that if you want them to preserve your privacy, you have to pay them. Makes you wonder if they've got pictures.
Finally: A judge has ruled that the executives who ran Sports Authority into the ground should not get $2.85 billion in bonuses. They lawyers argued that the bonuses were essential to ensure that the executives could squeeze the most money as possible before they wash their hands of responsibility.
Wetter Water: Nestle has built a huge bottling plant that will annually take 35 million gallons of city water and put it in cute little plastic bottles with a catchy label and sell them for more than a buck a bottle. In Phoenix, which is in the middle of the desert and in the middle of a drought.
That's My Boy: Pope Francis has described capitalism as “terrorism against all of humanity.”
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:14 AM