Friday, August 5, 2011

"Now what?"

"Some Assembly Required" starts off the day with: "Now what?" -- then goes on from there.

Here are a few excerpts. Please go to the site - read the rest, and follow HIS links. (follow link to original)
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Plop, Plop, No Fizz: Dow -4.3%, Nasdaq -5,1%, DAX -3.4%, FTSE -3.43, Oil -5.0%. Oh, and Gold -0.6%. This was probably not the right time for spending cuts after all.

Smoke and Mirrors: W. Spann LLC gave Mitt Romney's Super Pac $1 million. Then went out of business, having existed for only 60 days. Perfectly legal under the new Corporations Are People regime

Prerequisites: Christine Lagaarde, the new IMF chief replacing Dominique Strauss-Kahn who ran afoul of the law, is the subject of a criminal inquiry into allegations of corruptio

Conundrum: Congress passed a bunch of programs and instructed the Executive Branch to carry them out, then got upset because the programs exceeded the money on hand. Why would the Congress blame the Executive Branch for the shortage of funds, when tax bills originate in the House? Take wars, for example. If Congress had to fund a war before it could have a war, we'd have a damned sight fewer great adventures. If they had had to come up with the income to fund the Bush taxes or the Wall Street bailouts – before they spent the money - there'd have been less of that foolishness, too. This is not to say that investment in capital improvements shouldn't be financed by appropriate debt, but when it comes to throwing money away, Congress should have to have the money on hand. And it is Congress at fault here, not the President.

This Little Piggy: When disease sweeps through the herd and kills off the little piggies, the hog farmer feels the pain. In Germany the DAX is off over 10% as fears of recession in the Bundesrepublik grow. Seems that if you live by exports and those who import your goods are going toes up, exports dwindle. And now Belgium is moving up in the failing state sweepstakes.

Curb Your Enthusiasm: The SEC is looking into reports that shale gas companies have been overstating their gas reserves.

Recipe: It is simple, if we do not address population growth, over-consumption of energy and other natural resources and the depletion of fresh waters, we will need to find at least 27 more planet Earths to loot by 2050.
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Now, can you handle any more "good news"? I'm sure there is more coming.

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