Thursday, August 25, 2016
Not everyone has your good taste.
Third Time's A Charm: There is a humongous crack spreading across the Larsen C ice shelf, leading to fears that it will break off like Larsen A (1995) and Larsen B (2002) did. The crevasse was first noticed in 2011 and by 2015 had grown to be about 600 feet wide and 18 miles. Now scientists report that the crack has grown another 13 miles in the last 4 months, reaching a total length of 80 miles and nearly 1,000 feet wide. The shelf will eventually fall off. Place your bets.
Inspiring, Very Inspiring: After Mrs. became Secretary of State, Mr. Clinton got $17.6 million from a for-profit university, for going around the world “inspiring people.”
One More Time: For all of you who are wondering why Mylan Drugs (formerly a US company) can sell 60 cents worth of epinephrine in a 27 cent dispenser for $608, repeat after me: Capitalism. There, feel better? Senator Manchin's daughter does, she's the CEO and makes $19 million a year – without a graduate degree.
For Your Enlightenment: “The broader national economy is in good shape: We’re at full employment, and inflation is well within sight of, and on track to reach, our target. Under these conditions, it makes sense for the Fed to gradually move interest rates toward more normal levels
begin throwing people out of work.”
John C. Williams, Federal Reserve Bank of San Francisco, ignoring
the fact that central banks appear not to
have the faintest clue about how the economy works. But they are
pretty sure that the next crash – and thre is always next crash –
will require another
$4 trillion in Quantitative Easing – it worked so well the last
Dough Nation: About half of the people Secretary Clinton held private meetings with at the State Department had donated money to the family employment/retirement scheme.
Right Again: "It is now clear that the Clinton Foundation is the most corrupt enterprise in political history." Damn, Donald's nailed another one..
D'ya Want Fries With That? Hillary Leave-the-cash-on-the-Dresser Clinton held a person-to-person event for about 55 people at Justin Timberlakes's home. Only $33,400 per person, lunch included.
War, What War? US attack helicopters are providing close air support in battles against ISIS in Libya. Quite who we are rooting for isn't real clear, but there's always the oil.
The Headline: The Fed Is Now Hostage to Wall Street. Now? Really, just now?
A Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:37 AM