Saturday, September 24, 2011
European officials are working on a grand plan to restore confidence in the single currency area that would involve a massive bank recapitalisation, giving the bail-out fund several trillion euros of firepower, and a possible Greek default.
If only anybody was interested in bailing out the labor sector.
After an incredibly volatile day on world markets, the head of the International Monetary Fund, Christine Lagarde, warned of a looming "collapse in global demand" which threatens to push economies around the world into a new recession.
Still, members of the public would not be able to find her panel salary unless they cross-referenced it with her executive disclosures, which are available through the U.S. Office of Government Ethics.Just like Hitler!
Friday, September 23, 2011
And no I don't know if the Treasury has authority to do that, really, but it's what should happen, instead of "more free money for failing banks."
Santorum: What we are doing is playing social experimentation with our military right now. That's tragic. I would just say that going forward we would reinstitute that policy if rick santorum was president. That policy would be reinstituted as far as people in I would not throw them out that would be unfair to them because of the policy of this administration. But we would move forward in conformity with what was happening in the past. Which was sex is not an issue. It should not be an issue. Leave it alone. Keep it to yourself whether you are heterosexual or homosexual.
If only the big gay gayeee gayee gays would stop talking about all the hot sexy sexytime all the damn sexytime everything would be ok. Oh, and have you met my wife and 4 children?
Too stupid to breathe.
Thursday, September 22, 2011
The Prime Minister said that the failure of leaders in the US and Europe to tackle government deficits now “threatens the stability of the world economy”.
Mr Cameron spoke as stock markets around the world fell sharply again, with the FTSE-100 suffering its biggest drop for more than two years.
Politicians, central bankers and investors are increasingly worried that the world’s biggest economies are sliding back into a recession, dragged down by government debts.
Please appoint some horses to senior political positions. They really couldn't do any worse.
The EU internal markets commissioner, Michel Barnier, said the 16 banks that nearly failed the stress tests “are judged to be fragile and must also be strengthened further. We want the recapitalization for these banks to be by private means. The era of bailing out banks must end. But I cannot, of course, exclude the possibility that some of the above banks will require state aid
You could also give some state aid to mere people. Ah fuck'em.
Just kidding, they'd just write how brave and bold it was to be a part of their very smart club, even though they're wrong about everything.
The new evidence, which is likely to be central to the investigations into the Murdoch empire, reveals that police informed the company two years earlier that they had uncovered strong "circumstantial evidence" implicating other journalists. A senior police officer held a meeting with Ms Brooks in the weeks after the arrest in August 2006 of Mr Goodman and the private investigator Glenn Mulcaire.
The officer who met Ms Brooks – a former editor of the NOTW who at the time was editing The Sun – told her that detectives sifting through a vast cache of documents seized from Mulcaire's south London home had uncovered evidence that Goodman was not the only individual on the paper involved in criminal activity. Information was disclosed about the nature of that evidence.
Wednesday, September 21, 2011
The people who rule us have the power to fix things. It isn't even that hard (though, yes, our institutions are stupid enough that saying it isn't hard isn't saying that one person can just make it happen).
Roger Colley, a former president of two local environmental companies - Betz Laboratories and Envirogen - would try to reduce uncertainty for business by doing the following:
First, put all new regulations on hold and freeze federal spending, both for five years. Next, cut the corporate net income tax rate to 15 percent from a top rate of 35 percent and make the current rates for individuals permanent.
Finally, Washington needs to "start all over again" with its changes to the nation's health-care system, Colley said in an e-mail.
The internet tells me Betz Laboratories is a water treatment company.
Also, too, pissing off your customers and making a shittier product.
I hear all this, you know, “Well, this is class warfare, this is whatever.”—No!
There is nobody in this country who got rich on his own. Nobody.
You built a factory out there—good for you! But I want to be clear.
You moved your goods to market on the roads the rest of us paid for.
You hired workers the rest of us paid to educate.
You were safe in your factory because of police forces and fire forces that the rest of us paid for.
You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did.
Now look, you built a factory and it turned into something terrific, or a great idea—God bless. Keep a big hunk of it.
But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.
Tuesday, September 20, 2011
JOHNSTOWN, Pa. - A western Pennsylvania school district has decided not to stage a Tony Award-winning musical about a Muslim street poet after members of the community complained about the play on the heels of the 10th anniversary of the September 11 attacks.
The Tribune Democrat of Johnstown reports Richland School District had planned to stage "Kismet" in February but Superintendent Thomas Fleming says it was scrapped to avoid controversy.
Senate Republican Conference Chairman Lamar Alexander has informed his colleagues that he is dropping his Whip bid and will step down from leadership in January.
In a letter sent to Republican Senators this morning, the Tennessean and close confidant of Minority Leader Mitch McConnell (Ky.) explained that he could have more of an impact on the issues he cares about outside of leadership. Alexander, 71, said in the letter that he plans to run for re-election in 2014. Senate Republican Policy Committee Chairman John Thune is likely to announce today that he will seek Alexander’s current position in the next Congress, a source close to the South Dakotan said.
Monday, September 19, 2011
Easier than driving.
Logically, therefore, if those three options aren’t possible, the only path left is to leave. A return to a national currency and a sharp depreciation would quickly restore competitiveness and growth, as it did in Argentina and many other emerging markets which abandoned their currency pegs.
Though I don't think it's going to happen.
Sunday, September 18, 2011
Obviously they weren't all created equal, but my vague memory is they went from the savior of health care to history's greatest monster in the public perception pretty quickly.
The bank's statement comes as UBS boss Oswald Gruebel insisted he would not resign over the incident.
"I'm responsible for everything that happens at the bank," Mr Gruebel told Swiss Sunday newspaper, der Sonntag. "if you ask me whether I feel guilty, then I would say no."