Code
Orange: Donald
Trump once
again surged to the head of the popularity contest being held here
and there by the GOP. But then
he began bad-mouthing Gentle Ben.
Bigger
Fools:
Americans owe over $8 trillion on their houses, a tad over $1
trillion for college educations that are not worth what they cost,
and just under a trillion on their credit cards. That's $10 trillion
in private IOUs. Do
you really think they are good for it?
Noted:
“Americans are pessimistic about the economy because, for many of
them, the economy hasn’t gotten better... Millions of Americans
left the labor force in the recession and haven’t returned.
Millions more are stuck in low-wage jobs or are working part time
because they can’t find full-time work.” It's the difference
between numbers and lives.
My
Bad:
The Utah judge who ruled that a same-sex couple were, by definition,
bad parents, has reversed himself. Temporarily.
The
Bernake:
“There’s a lot of savings in the world looking for a relatively
small number of good-return investments, and so the equilibrium real
interest rate in the economy is very, very low”. Which
is another way of saying that the economy sucks and all that free
money he pumped into Wall Street is keeping interest rates down.
Distant
Early Warning?
Foreclosure starts have recorded their sharpest increase in over
four years, as the recovery recovers.
The
Beginning of the End, Part 2 or 3:
The president of the EU says that the EU's “open borders” system
could be ended due to the migrant crisis. That was one of the dreams
that the EU was built on – free movement of free people within
the EU.
Left
Hand/Right Hand:
A
federal court has ruled that warrentless tracking of web histories is
a violation of the Wiretap Act and other privacy laws. The
NSA told the court to mind its own business.
Après
moi, le déluge:
A
second Greenland glacier, Zachariae, has joined Jakobshven in
galloping to the sea, and its neighbor Nioghalvfjerdsfjorden seems
to be joining the race. Together the three contain enough ice to
raise sea levels over three feet globally. But not right away.
Exactly when is not known, but the time horizon keeps getting shorter
and shorter.
This
Time Next Year: A
grassroots movement will place a proposition
on next year's
Colorado ballot that would establish “Colorado Care”, a universal
single payer health insurance system. It would be paid by a 10%
payroll tax (7% from employers and 3% from workers, but let's face it
it all comes out of the workers...) and would save the citizenry
about $5 billion a year. Insurance companies are not delighted.
3 comments:
The Bernake vs. Bigger Fools Wait till those interest rates to rise, because it won't be going up as fast on those near empty savings accounts as it will on the variable rate loans. Yellen will be in for some yelling.
Memory of Fruit Flies Democracy can't work if the people can't remember the past further than their morning cup. http://www.theguardian.com/world/2015/nov/15/barack-obama-lgbt-idol-in-chief
Beattyville/bucketlist: Took a few paragraphs to tumble to the fact the Brits were responsible for this bit of fingerpointing...a salve for their own fiscally challenged populous. See, things aren't so bright in the US after all.
But it doesn't damn the true culprit, [I've got mine, F.U. capitalism and the hellacious mismanagement that is the 'global race to the bottom.'] Surprisingly, the article does point at the conundrum of Republicanism (and how the oligarchs keep installing unpopular overlords as our 'representatives') but without comment. {Seems the Brits have their own variety of 'conservatism' to cope with.}
Ironic how the 'Party System' reflects the true issue, the 'haves' and the 'have nots' yet 'party politics disguise that the 'stage' is controlled by the haves to keep the have nots complacent.
Same as it ever was.
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