Stealing your Social Security check - bit by bit.
I've always said that your Social Security check is safe, no matter what they say about the deficit and the debt and the Trust Fund and default .... BUT what is not safe is what you will be able to buy...
View ArticleGallup Poll - 81% of Americans have no clue.
Gallup has a new poll out on raising the debt ceiling. The numbers are not encouraging for those who advocate democracy as a good political system.By a 47% to 19% margin, Americans say they would want...
View ArticleU*G*L*Y (jobs)
Today's job report was, to put it simply, plain ugly.http://www.bls.gov/...Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2...
View ArticleThe broken record tactic - what Obama needs to learn
There is a very simple negotiating tactic that Obama needs to learn - and fast. It's called "the broken record". (Note this assumes one remembers a time before digital, a time of vinyl records)....
View ArticleThe economy is constipated (and how to fix it)
In this diary I would like to present a somewhat different (and hopefully easy to understand) view of what is going on in the world economy, and by extension in the US economy. I want to try to explain...
View ArticleChina looks to buy into Apple, Boeing and Intel
One of the more interesting commentators out there is Ambrose Evans-Pritchard . He writes for the Telegraph in the UK. Today he has couple of interesting posts up that concern China ... and the US.The...
View ArticleTrader - Goldman Sachs rules the world, the end is nigh.
In an interview that had the BBC staff in shock, a trader highlights how now is the time to be very scared, how this will not end well, and how Goldman Sachs, not governments, run the world.I have to...
View ArticleWhat is wrong with Canadian bankers? (supporting OWS)
It looks like we have the start of a trend. Another Canadian banker has come out in support of OSW. Ed Clark (head of TD bank, which also has large operations in the US)...
View ArticleThoughts for a weekend - courtesy JFK
Weekends for me are a time to relax and think, a time to regain a bit of perspective. So it was that during my weekend reading I came across the JFK quote that seemed to so aptly fit the pepper spray...
View ArticleBlack Friday = Stimulate the Chinese Economy Day
With all the Black Friday hype I got to thinking .... who, if anyone, is Black Friday helping?We are told that consumer spending drives the economy ... and therefore one would think that all this hype,...
View ArticleMy h.g.o.d. program to help with the financial crisis.
At the moment there is a serious lack of innovative ideas for helping to heal the economy. The only idea on the table at the moment is payroll tax cuts ... which for a variety of reasons are far from...
View ArticleEducation, Finland, equality, ... America is focusing on the wrong issues.
Great short article over at the Atlantic - What Americans Keep Ignoring About Finland's School Success that neatly summarizes much of what I feel about the flaws in the US education system.The concept...
View ArticleObama still in bed with the banks
One of the most frustrating things about Obama (next to his not going after the torturers from the Bush administration) has been his unwillingness to make the banks pay for their misdeeds in the...
View ArticleBanks laughing all the way to ... the bank.
This is not going to be much of a diary as I am going to ask you to take a look at Naked Capitalism where Yves Smith has been doing a fantastic job fighting the Obama and Tom Miller (Iowa AG) propaganda.
View ArticleLt. Colonel - How the US military warps the truth
Pretty amazing piece out of Rolling Stone The Afghanistan Report the Pentagon Doesn't Want You to Read yesterday. The article is based on a previously unpublished report by Lt. Colonel Daniel Davis, a...
View ArticleSaturday morning diversion - can you beat the chimp at this numbers game?
I found this on the BBC Mundo website last week and thought that it was truly astounding and worth sharing.Ayumu is a chimp at the Kyoto University primate research centre. At 11 years old he can...
View ArticleWhich bank CEOs leave next?
This morning we had the surprising, but not unwarranted, resignation of Bob Diamond from the British bank, Barclays, followed shortly thereafter by the resignation of his #2, following on from...
View ArticleLibor --- OUTRAGE .... Please!!!!
The Libor scandal continues to grow, yet is making little in the way of waves in the US, in contrast to the full blown coverage in the UK. So far in the US this is all a Barclays story (see CNN Money,...
View ArticleSpanish lawmaker to the unemployed - Que se jodan. (FU)
Spanish PM Rajoy this week announced a series of drastic measures designed to reduce Spain's deficit.The prime minister's fourth austerity package in seven months will scrap a tax rebate for home...
View ArticleThe $88K BMW and the dance instructor - this will not end well.
“Life would be unimaginable without credit,” said the 27-year-old dance instructor in Beijing, who bought the car [an $88,000 BMW 530Li] in January. “I don’t see why I can’t spend future money if I can...
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