Monday, December 12, 2011
I wonder how the republicans screaming about affirmative action would explain this. I can only imagine many think (if they were to think about it) that all black and brown people are so damn lazy and stupid that Obama is still the best of the bunch, with just enough brain power to read a teleprompter. And now they all think Newt, with his towering intellect, is going to prove just how much of an empty suit Obama really is. Well, all I can say is, good luck with that. Newt can get some good applause lines out at republican debates and right-wing events, but I doubt abolishing child labor laws will play quite so well with the rest of the country.
Friday, October 28, 2011
In the end, it was Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France against the European banking establishment — and the bankers blinked......
For hours, negotiators had been trying to persuade the banks to accede to a “voluntary” 50 percent loss in the face value of their Greek bond holdings. The banks, which had already agreed to a 21 percent write-down, had dug in their heels.
They knew how badly the European leaders needed a deal, and how much financial experts feared a disorderly, involuntary default. That could set off a “credit event,” throwing world financial markets into turmoil, much as the collapse of Lehman Brothers did in the fall of 2008.
But Mrs. Merkel called the bankers’ bluff, said officials present at the discussions. Accept the 50 percent write-down, she told the bankers, or bear the consequences of default. In effect, she was willing to risk a credit event, and to place the blame for any fallout on them.
Pretty much the opposite of what happened here, during the 2008 financial crisis. Instead, US banks and financial institutions got massive bailouts and paid almost no price for their excessive risk taking and idiotic decisions. And taxpayers paid the price while the financial industry booms. But god forbid we have writdowns on underwater mortgages, student debt forgivemness or expanded social services support for the poor and unemployed. That's socialism/moral hazard/class warfare. All hail the JOB CREATORS!
Monday, October 24, 2011
Hermit crabs don’t make their own shells. They scavenge their homes. And now,
hermit crabs are facing a housing shortage as the worldwide shell supply is
decreasing. With a shell shortage, hermit crabs around the world are being
forced to stick their butts into bottles, shotgun shells, and anything else they
can find. This is not acceptable. As a community, we can reach out to this
vulnerable species and offer our digital design skills and 3D printing
capabilities and give hermit crabs another option: 3D printed shells.
Thursday, October 13, 2011
Saturday, October 8, 2011
Wednesday, September 7, 2011
Thursday, August 11, 2011
1) Bill Gross, probably the most famous and one of the most successful bond investors in the world
The president and Congress must recognize that an AA-plus country, to remain AA-plus, must focus on growth, not debt reduction, in the short term. We have a debt problem — but primarily a crisis of aggregate demand. A 21st-century Keynes would have recognized this and sounded the alarm, pointing out that policymakers from a fiscal perspective are pointing us toward recession and the destructive 1930s instead of a low-growth but still breathing U.S. economy of the 21st century."
So to all the tea partiers, the republican congress and the various and sundry republican presidential cadidates, I'll stick with these guys for advice, thanks. You can stick to looking for Obama's birth certificate and fighting against the myths of evolution and global warming.