Sunday, October 18, 2009
US economic weakness to be exploited by China
Padders alerts me to this succinct WSJ article by Zakary Karabell, warning that just as the US leapfrogged a bankrupt Britain in 1945, China looks likely to do the same to the US.
Crony capitalism is our Vietnam War
Jesse passes on this CNBC tidbit, which explains how ex-Goldman Sachs operatives embedded in the US regulatory systems gave GS $70 billion just when nobody else had cash, so GS could buy up assets at fire sale prices and make monstrous profits at the taxpayers' expense. Truly, it's us against them, but all we can do is wave our placards as their limos cruise by.
Visit msnbc.com for Breaking News, World News, and News about the Economy
Saturday, October 17, 2009
She's mine!
One teacher told how she and her new boyfriend snuggled up for the night, only to have her tomcat jump on top and soak them with urine.
So they heaved aside the soggy duvet and decamped to the second bedroom. But Tom came in and did it again.
They ended up having to grab a couple of blankets and sleep on the sofa downstairs.
And...
As Goldfinger says, "Once is happenstance. Twice is coincidence. Three times is enemy action.”
So they heaved aside the soggy duvet and decamped to the second bedroom. But Tom came in and did it again.
They ended up having to grab a couple of blankets and sleep on the sofa downstairs.
And...
As Goldfinger says, "Once is happenstance. Twice is coincidence. Three times is enemy action.”
Thursday, October 15, 2009
Laughing at the underclass
Doing the rounds on the Internet:
Two reasons why it's so hard to solve a redneck murder:
1. The DNA all matches.
2. There are no dental records.
Two reasons why it's so hard to solve a redneck murder:
1. The DNA all matches.
2. There are no dental records.
Monday, October 12, 2009
Energy and polity
Following up comments kindly added to my piece, The Dolorous Stroke, I have aired the following and wonder if it has any merit:
I have a half-formed theory that coalitions/unifications have a destabilising effect. If, as with Germany and its customs unions in the 19th C, the result is greater efficiency, energy is released and the system attempts to expand, with the results we saw in the 20th C; if, instead, the system becomes less efficient, as with some giant commercial company mergers, the result is decay and contraction as inefficiencies fail to be addressed in a timely manner. I think the EU is / will be an example of the latter.
I have a half-formed theory that coalitions/unifications have a destabilising effect. If, as with Germany and its customs unions in the 19th C, the result is greater efficiency, energy is released and the system attempts to expand, with the results we saw in the 20th C; if, instead, the system becomes less efficient, as with some giant commercial company mergers, the result is decay and contraction as inefficiencies fail to be addressed in a timely manner. I think the EU is / will be an example of the latter.
Sunday, October 11, 2009
The wrecking crew
Jesse explains succinctly how the financiers are deliberately wrecking and looting what's left of the economy.The money the government gave them isn't being loaned out, but instead is shoved into the stockmarket to create yet another illusory boom - so that more fees and bonuses can be earned. These are taken out of the system (where do they put their own stash?).
When the share-pumping stops, the market collapses again, less the plunder - so it's lower than before and there's even less cash to act as lifeblood for the real economy.
Meanwhile, the rich are, relatively speaking, richer than ever - even than their counterparts in 1929:
This threatens to destabilize society.
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