Let us face the momentous truth: The United States has been rendered ungovernable except on the extortionate terms of the far-right....
The grass is long, and guess whose job it is to cut it? Confronted with this tedious chore, a Maths Master has only one possible course of action: he must immediately retire to his office, to determine the mathematically best way to mow the lawn.
“We are sensitive to the concerns of passengers who were not satisfied with their screening experience."
Nearly half of all pregnancies are unplanned, according to the Guttmacher Institute...
(Reuters) - A sequel to the Great Recession in the United States just two years after the downturn is not likely because demand for temporary workers, a leading indicator of both upturns and downturns, remains steady, staffing industry executives say.
Probably not because maybe yes or maybe no, I think this means.
"People have just become spooked by a crass failure of political leadership," said George Magnus, senior economic adviser at UBS in London.
What it sells, buys, or makes is a mystery. It has no known shareholders, nor does it have a chief executive.
One thing that is known about W Spann LLC: In late April, it gave $1 million to Restore Our Future, a so-called Super PAC founded by allies of the Republican presidential candidate Mitt Romney...
The rout, which had no single catalyst, began in Europe and plunged the U.S. into near-panic selling. By day's end, the Dow had suffered its biggest one-day point loss — 512.76, or 4.3% — since the mortgage meltdown in 2008 triggered a worldwide financial crisis.
So the question of the hour is, how much of that money that left the stock markets wound up in U.S. Treasury bonds? It would be interesting to know, not that I'd be very sure what it meant.
(Reuters) - Bank of New York Mellon Corp said it is being overwhelmed with deposits from investors fleeing risky markets, and said it will begin charging for above-average deposits.
Wait. Risky markets? What happened to the confidence?
Why hasn't America's publishing industry launched an ad campaign as seductive and aggressive as the Kindle's? Not to market front-list titles or authors, but to market the paper book form itself? In other words, sell consumers on the exclusive pleasures and qualities traditional books offer that e-books cannot. That's exactly what Kindle's TV commercials have been doing, saying here's what we can do that regular books can't.
I'm all for book wars. But I would be even more for book wars if lower prices were one of the strategies put forth. It's not. It never is. It's all about the marketing, that's all.
(Reuters) - The United States has a jobs problem and there's not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke can do about it.
Obama's literally still saying "Yes, we can." But he doesn't say why we haven't. No explanation for why the economy's still so bad despite all of his plans and spending and Joe "The Stimulus Czar" Biden's job growth promises. How unemployment is back up to 9.2% with economic indicators softening and GDP growth anemic.
He says politics in Washington has a way of getting in the way of progress, as if he's not the politician who spent two years and $745 million to get there too.
WASHINGTON—A day after signing legislation that raised the government debt ceiling and authorized steep budget cuts, President Obama thanked Democrats as well as Democrats for their willingness to make tough, but necessary, concessions during negotiations....
We're going to re-boot the reading list next week. Barnes & Nobel and Google's affiliates program are parting ways so the buy-book links will no longer be good as of the 9th. I haven't decided if I want to move to B&N's new selling service (I am personally connected to B&N for now because I use a nook but all the books can be purchased from any book seller, as far as I know) or get involved with another one, or none of the above. So the easiest solution is simply to delete all the books that link back to B&N through Google and let the list re-fill itself with new books over time. Free books will continue to be linked to gutenberg.org (or another source as appropriate); the others possibly to a bookseller or possibly to a good review, whatever. We shall see.
Meanwhile, here are a few short pieces that are well worth a look. Via gutenberg.org, Rudyard Kipling's The Man Who Would Be King, the story that inspired the terrific movie starring Sean Connery and Michael Caine, and The Real Dope, a Ring Lardner yarn about a hapless doughboy in France during WWI; from Outside Online, The Storm, Sebastian Junger's story that became The Perfect Storm, and from Esquire, The Perfect Fire, by Sean Flynn.
They're all free reads. Lie back and chill.
Among all the machinations ahead, two issues stand out. First, the single largest and easiest method of deficit reduction available is the nonextension of the Bush high income tax cuts. The President should make clear that he will not accept their extension on any terms hahahahahaha...
Well, OK, I elaborated a little bit there at the end. But still...
Dude, nobody talks about jobs in August. Even people who have jobs don't talk about them in August. And even fewer people do jobs in August. Who's gonna drive that bus?
“This year is the 50th anniversary of [Dwight] Eisenhower’s military-industrial complex speech,” William Hartung of the Center for International Policy told me while the Senate assembled to vote on the debt ceiling bill. Speaking of the late general turned Republican U.S. president, Hartung said: “He talked about the need for a balanced economy, for a healthy population. Essentially, he’s to the left of Barack Obama on these issues.”
Oh wait. Will have. By 2025. So don't go out and spend it just yet.
SBA 100 features one hundred businesses that have created at least 100 jobs since receiving SBA assistance.
Come on. I don't have patience enough to read 100 of these. But as far as I went I couldn't find a single example of a business that received SBA funds in this century. See if you can.
Airport safety inspectors, who enforce compliance with federal rules and are considered essential, have been asked to keep working and put expenses on personal credit cards.
(Reuters) - MasterCard Inc's second-quarter profit rose a better-than-expected 33 percent as the company processed more card transactions and revenue increased.
“Growing the economy isn’t just about cutting spending.” [Obama said]
The coin toss, the great equalizer of all odds, is not as random as it seems. When flipped by a human being, the odds are slightly stacked towards one side.
In a Rose Garden statement, Obama made clear he expects tax reform to emerge from deliberations around a new joint bipartisan committee...
"Tax reform" in the Tea Party (Norquist) lexicon emphatically does not mean added revenues. Tax reform is to be revenue neutral, these guys say. Just so you know. I'm thinking we'll be hearing a whole lot about tax reform in the coming months and nearly all of it will be pure BS.
Issuing a fresh challenge to an exhausted Congress, Mr. Obama said the two parties would need to work out a second set of deficit-reduction measures that must include both spending cuts and new tax revenue.
...what we’ve witnessed pretty much throughout the western world is a kind of inverse miracle of intellectual failure. Given a crisis that should have been relatively easy to solve — and, more than that, a crisis that anyone who knew macroeconomics 101 should have been well-prepared to deal with — what we actually got was an obsession with problems we didn’t have. We’ve obsessed over the deficit in the face of near-record low interest rates, obsessed over inflation in the face of stagnant wages, and counted on the confidence fairy to make job-destroying policies somehow job-creating.
(Washington, DC) House Speaker John Boehner (R-Ohio) and Republicans have backed Democrats into a corner: Surrender Tuesday or the FAA stays shut for the rest of the summer.
Hawaii News Daily - Jeffrey Immelt, the head of Barack Obama’s highly touted “Jobs Council”, is moving even more GE infrastructure to China. GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it “is moving the headquarters of its 115-year-old X-ray business to Beijing“. Apparently, this is all part of a “plan to invest about $2 billion across China” over the next few years.
I don't know about you but this Obama guy is definitely not on my side.
MINNEAPOLIS (WCCO) — To avert a future debt ceiling and budget crisis, Congress has appointed a commission; a group of 12 to hammer out a deal the other 523 members of the House and Senate could not, and did not.
The “dirty dozen” debt commission, also known as the Super Committee, will have six Democrats and six Republicans. Their epic task is to cut $1.5 trillion from the budget. And the House and Senate get one vote: Up or Down.
“What’s the goal?” asked former Minnesota Republican United State Senator David Durenberger....
He’s concerned the Super Committee is a fig leaf for a dysfunctional Congress.
No kidding, eh?
(Reuters) - Consumer spending dropped in June for the first time in nearly two years and incomes barely rose, signs the economy lacked momentum as the second quarter drew to a close.
(Reuters) - Pfizer Inc reported higher second-quarter earnings, as booming sales of animal health products that company aims to divest helped offset falling sales of its core pharmaceuticals business.
WASHINGTON -- The long-term unemployed have been left out of a deal between congressional negotiators and the White House to enact massive spending cuts and raise the nation's debt ceiling before its borrowing limit is reached on Tuesday....
Asked Sunday night why spending to help the unemployed had been left out of the deal, a White House official said, "because it had to be part of a bigger deal to be part of this."
No, it's more like quadrupletalk, I think.
Well, Hulu is still where bad movies go to die but here is an absolutely excellent exception: A Royal Shakespeare Company production of A Midsummer Night's Dream, produced in 1996 and distributed by Mirimax. No doubt you can find this in other places as well, Netflix, your local vidstore, whatever, but wherever you get it, if you like Shakespeare at all, you really ought to see this film. (And it's presented on Hulu with no commercials, or at least it was this evening.)
The Obama administration says health insurance plans must cover birth control for women with no copays.
...Breast pumps for nursing mothers, an annual "well woman" physical, counseling on how to avoid sexually transmitted diseases and other services will also be covered at no cost to the patient.
The new benefits won't take effect for at least another year...
(Reuters) - Manufacturing grew at its slowest pace in two years in July as new orders contracted.......wait. New orders? Huh?
“We may come to a point where defense is more actively and aggressively defined even for the private sector and what is permitted there is something that we would never let the private sector do in physical space… Let me really throw out a bumper sticker for you. How about a digital Blackwater?” he suggested.
(Reuters) - White House economic adviser Gene Sperling said on "Fox News Sunday" he was "not worried the U.S. will have a double-dip recession"...