A Tuesday Visit To "Some Assembly Required"

Tuesday - busy day  --  I will be away from this machine for most of the day.  As a result posts will be very light today.  I think a visit to "Some Assembly Required" is in order  --  Here are a few samples - please follow link to original.
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Shame: Of the 35 richest countries in the world, the United States ranks 34^th in childhood poverty – mainly because it ranks first in income disparity.

Enough, Already: Raymond Dolin of West Virginia, hitchhiking through the US writing a memoir entitled The Kindness of America, was waiting for a ride by the side of Highway 2 in Montana when a man drove up, shot him and drove away.

 Upstairs, Downstairs: Statistics show that America is no longer the land of opportunity and that the 'American dream' is a myth. America's social mobility is one of the lowest of any of the advanced industrial economies. Americans who are born poor are overwhelmingly likely to stay poor, just as those born rich will be rich. Chose your parents carefully.

 Recap: Spain borrowed €100 billion and will give it to the banks which will use it to buy Spanish government bonds, transferring the debts of the banks to the citizens, who have no jobs. More likely than not the €100 billion will come from the ESM, which will set up the seniority contest that recently played out in Greece and will drive up Spain's borrowing costs. It will also drive up the cost to France and Germany. Despite Spanish PM Rajoy's assurances, the money comes with conditions, the IMF will be sitting at the table”monitoring” the Spanish austerity program. And it's not a bailout, it's 'assistance.' Whatever it's called, it was fooled the markets for 2 hours but was a complete failure after 6. Krugman: “It’s becoming increasingly clear that it will take utter catastrophe to get any real policy action that goes beyond bank bailouts. But don’t despair: utter catastrophe may be just around the corner.” Italy is next.
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