It's time we paid a visit to "Some Assembly required -- as usual, please follow link to original
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The Last Word:
What is “structural unemployment” and has it ever been sighted in the
wild? Structural unemployment (SU) a polite term used by some economists
(on the right) to say “technology and financial engineering has
rendered most of the unemployed superfluous. We don't need them. The
unemployed are not skilled enough to get a job and not smart enough to
learn a new skill and thus the rich shouldn't have to pay taxes to
support the lazy louts.”
Your Millage May Vary: Education pays! Just not as much as promised. Remember, the number of people holding advanced degrees who are on food stamps has tripled in the last 5 years.
Fear Itself: The European Financial Stability Facility
will give Greece enough euros to keep the country going for a few more
weeks because they are afraid not to. Of course they're not really
giving Greece the money, they are paying it to the ECB via Greece and
charging it to Greece's account. The ECB is insisting on continued
austerity: “Greece has to be aware that there is no alternative to the
agreed consolidation program if it wants to remain a member of the euro
zone.” Big if. Besides, Greece owes about 400 billion euros to private bondholders, public bodies such as the IMF and ECB. Just who is in the driver's seat is a good question.
Counting The Ways:
America is, once again, becoming a bedroom community – the Republicans
just can't get their minds out of other people's bedrooms. Romney's
against same-sex marriage. Republicans in Minnesota want to join North
Carolina's ban, while the GOP in Maryland and Washington State are
trying to overturn state approval of same-sex marriage. Around the
country there are over 400 bills pending aimed at women's reproductive
rights – contraception and abortion. Unemployment? Nah, that's not a
priority.
Yes, But...
The US House of Representatives (a wholly owned subsidiary of GOP, Inc.
David & Chrles Koch, prop.) on Wednesday night approved an
amendment to prevent Obama from taking executive action against the
Defense of Marriage Act or state constitutional amendments prohibiting
same sex marriage.
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There's more -- go there.http://ckm3.blogspot.com/
Tuesday: Case-Shiller House Prices, New Home Sales, FOMC Minutes and More
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[image: Mortgage Rates] From Matthew Graham at Mortgage News Daily: Mortgage
Rates Near Lowest Levels in a Month
Last Monday, mortgage rates were near the ...
10 hours ago
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