Memory
is a liar and a thief.
Preview:
This
week,
the US government will take action to slow the economy and prevent
wage growth. Imagine Obama announcing a tax that that would raise the
price of borrowing money for every new mortgage and car loan,
increase the cost of building new schools, and jack up the costs of
business expansion
and explaining
that the need for the increase was to slow the pace
of job formation, keep wages down and further undercut those
unfortunate enough to have to work for a living. That's what the Fed
is going to do.
En
Passant:
Air temperatures in the Arctic have reached 2.3ºF above average
(1.3ºC), a 115 year high. Actually, it may be a several thousand of
year high, but records only go back so far. “What
happens in the Arctic doesn’t stay in the Arctic.”
Comment:
Japan
and
South Korea
have
agreed on a ten-year plan
to
build 61
new coal plants. It's
part of their fight against global warming under terms of the Paris
Agreement signed last week.
Even
Steven:
Investigations have revealed that the US “consistently overlooked
killings and torture” by Shi'ite militias sponsored by the Iraqi
government. Which is only fair, for the Iraqi's kept mum about the
atrocities the Americans were regularly committing around the
country.
Quoted:
"There
is more oversight in seafood to protect dolphins than there is to
protect humans."
And we
don't enslave all that many dolphins,
either.
Cruzing
Along:
“ Everyone
who knows Ted Cruz well hates him.” That's
part of the attraction to his hard core supporters – they know what
it's like to be despised. He is the entrenched darling of the
evangelicals and they run the Republican primaries in enough places
and with enough fervor to push their way onto the center stage.
Trump is hamming it up, playing to the crowds. Cruz is a believer.
Note
To Janet:
The BLS reports that the CPI-U was unchanged in November M/M and had
grown 0.5% Y/Y – and that's the hyperinflation the Fed is going to
save us from.
Panic
Attack!
Los
Angeles
in what "may
have been an overreaction”
to an email most likely sent by a high school nerd who wanted the
day off, shut
down all of its schools on Tuesday. NY's
police commissioner said the city's schools had received a similar
email threat but found it was not credible. Where's Orson Wells when
you need him?
Porn
O'Graph:
Sandy Hook's salute
to the NRA.
4 comments:
Re "Preview": And since it's the season to be buying stuff, don't forget the much touted 5% unemployment rate... as you join the mass of statistically disappeared workers who've been unemployed for so long they no longer count as unemployed. Of which, unfortunately, I know several. Happy Holidays.
Quote of the day: “[T]he human race is actually de-evolving, . . . we are moving backward on the evolutionary scale. If you picked the headlines from the five largest newspapers in Florida every day, you could make a very solid case that the human race was slipping backward into the primal ooze.”
—Carl Hiaasen , writer and Miami Herald columnist, “Carl Hiaasen on Human Weirdness,” Smithsonian Magazine, 2010
You might enjoy the source: http://tedsword.blogspot.com/
re kwark: and then to those who have dropped out of the workforce, add those who are underemployed with part-time and/or crap jobs...
Preview: The Fed may not agree with Obama that flooding the market with fracking gas is a good idea, best to kill off some of those speculative investments and drive the price of natural gas back up. Nah, I kind of doubt Yellen and her minions care much about the environment. They have a narrow specialist approach, not unlike a gas chamber operator.
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