Pepsi Says Mountain Dew Can Dissolve Mouse Carcasses Atlantic Wire (hat tip reader furzy mouse)
And the winners of 2011’s guff awards are… Lucy Kellaway, Financial Times
Social graph analysis reveals criminal conspiracy of slumlords boingboing (hat tip reader Paul T)
Angela Merkel has the whip hand in an orgy of austerity Guardian. Hold that metaphor. The image of Frau Merkel in latex, fishnets, and stilettos is not appetizing.
Europe’s Hunger pangs grow MacroBusiness
INDIA’S “PUBLIC SECTOR INDIGENOUS GM COTTON” A SCIENTIFIC FRAUD GMWatch (hat tip reader furzy mouse)
Jobs figures may not rescue Obama Financial Times. Why are so few people puncturing the canard of 8.5% unemployment? The BLS keeps disappearing people from the labor pool. U-3 is more like 12.5+%
Men at Work EconomPic Data
My Guantánamo Nightmare New York Times
Will Obama face blowback for not closing Gitmo? Raw Story. I would not hold my breath.
Downs and Ups of Driving in Los Angeles New York Times
America’s Unlevel Field Paul Krugman, New York Times
Earnings growth falters for S&P 500 Financial Times
Secret Reason for Strong December Economy and Employment Global Economic Intersection
US regulators eye new futures rules Financial Times
On Eve of $41 Billion MF Global Bankruptcy Filing, Jon Corzine Was Château Shopping in France Vanity Fair (hat tip reader furzy mouse)
Mr. Corzine Is Seeking Some Space Wall Street Journal. Why isn’t he in jail?
How Wall Street Turned a Crisis Into a Cartel William Cohan, Bloomberg
Wall Street Prepares for Sharp Pay Cut Wall Street Journal. Hhhm, NYC is finally going to have as many vacant retail stores as most of the rest of the US.
On Trading Central Tendency Bruce Krasting. This is astute, plus he has some funnies later in the post.
All Of Area Man’s Hard Work Finally Pays Off For Employer The Onion (hat tip Lambert Strether)
Antidote du jour (hat tip reader furzy mouse). This cat looks sufficiently pissed off that this might not be Photoshop:
Looks like the cat is saying “I do not want to be a trend setter”.
It looks to me like she’s saying “First I’m gonna eat your eyeballs, then I’m gonna eat your face, and then I’m gonna move south…”
People that voice what animals are thinking are nuts:
“OOOHHH HE SAYS”
I would definitely close the bedroom door at night.
On Merkel with a whip, the Guardian’s own magnificent Steve Bell has been casting her that way for some time, viz this one from a few days before Xmas.
Maybe the free market solution to Europe’s funding problem is a web site featuring Merkel & Co practicing “explicit austerity procedures” and charges 50 euros a month.
if they can merkel, another job awaits:
‘If you don’t take a job as a prostitute, we can stop your benefits’ –
A 25-year-old waitress who turned down a job providing “sexual services” at a brothel in Berlin faces possible cuts to her unemployment benefit under laws introduced this year. Prostitution was legalised in Germany just over two years ago and brothel owners – who must pay tax and employee health insurance – were granted access to official databases of jobseekers. Under Germany’s welfare reforms, any woman under 55 who has been out of work for more than a year can be forced to take an available job – including in the sex industry – or lose her unemployment benefit. Last month German unemployment rose for the 11th consecutive month to 4.5 million, taking the number out of work to its highest since reunification in 1990.
http://www.telegraph.co.uk/news/worldnews/europe/germany/1482371/If-you-dont-take-a-job-as-a-prostitute-we-can-stop-your-benefits.html
I have a sneaking suspicion we’re not getting the whole story on that one.
Thanks to Yves for my first laugh of the day.
Rule 34 of the Internet: “If it exists, there is porn of it. No exceptions.” I think that must include Merkel in latex. In fact, I’m sure of it. :-P
“Tony Blair and the £8million tax ‘mystery'”
(sorry, forgot to close hyperlink tag)
Done.
If we think of the world’s business and/or political leaders as “gangsters”, everything makes a lot more sense.
Can Tony Blair be implicated in the MF Global/JPM scandal?
I would like to know if there is a Uighur connection to the MF scandal.
More specifically, if MF is connected to Taklamakan Bank, named after the Taklamakan desert, which means, to the natives, You go in and you don’t get out. You assume with Taklamakan Bank, deposits would go in and never go out.
we have a problem in the arctic; last paragraph here:
(you can skip the econ notes)
http://marketwatch666.blogspot.com/2012/01/notes-on-dec-unemployment-lpss-mortgage.html
writing about it, it felt like science fiction…
“(you can skip the econ notes)”
So, what you are suggesting is that unemployment (of whatever rate) pales in significance before the prospect of: 1) Constant earthquakes, undrinkable water and flaming faucets and 1) Sea levels rising abruptly, maybe up to 5 meters before the end of this century, thereby flooding most of the planet’s centers of population.
Pause. Yeah, I could go with that.
didnt mean to minimize unemployment…what i meant is that you could get the equivalent of my parroting BLS stats anyplace else…
Ron Paul– What Some Black People Think
http://www.youtube.com/watch?v=JA2ehvB-_Ac&feature=player_embedded
Last I checked, Paul hadn’t blown any (brown) wedding parties to red mist with a drone strike.
Racism is as racism does. Does anybody really doubt that the empire is racist?
You’ve used this line too many times not to comment. Are you trying to justify Paul’s past statements and positions as not being racist? Do you honestly think that liberals support every action taken by any administration regarding the wars overseas? Do you remember the protests against the Iraq war buildup? I attended those and the majority of participants were liberals. I remember FOX news pundits lambasting those protests. Yet you continue to act like democrats are the war mongers and Ron Paul a Republican is the answer to peace and every time you do you lose more credibility.
On an entertainment level most seven year olds figure out that a line wears thin after too much repeating.
The protests for the Iraqi war build up were when Bush was in office. I’ve seen much less anti-war protest coming from liberals and Democrats since Obama took office. Where was the Libya protest? Surely that tinpot dictator wasn’t any greater threat to the US than Saddam. Other than, of course, that he was threatening to deny Europe Libyan oil so he could sell it to the Russians and Chinese.
As for racism, I think it’s important to examine Paul’s and hold him accountable for it. But somehow very few Democrats want to do the same to Obama who not only has doubled down on our most racist policies, but also tends to give racist speeches. Of course, when Obama does it white liberals – including those who should know better – cheer and call him “unorthodox” and taking positions that aren’t “politically safe” (as Adolph Reed asks, since when hasn’t it been politically safe to malign poor black people in public?).
I’m not endorsing Paul and I’m not voting for him. He’s a disaster in many, many ways and he’s certainly no friend to African Americans or women or working people. But neither is Obama. And there is an argument to be made that simply ending the drug war would do more for African Americans, hispanics and poor whites than any other single policy being proposed by any presidential candidate, especially since all of them are going to screw those same people economically (although Paul’s economic policies – if he could enact them – would be harsher, at least in the near term).
Not that any of this matters because Paul isn’t going to be the nominee. Still, at least he’s a voice in the presidential race who is talking about our endless wars, disastrous drug policy and corrupt bankers. I’d rather there be a voice on the left doing that, but the left – at least as it exists within the Democratic Party – has chosen to sit this one out and not challenge Obama. Apparently, they’d rather win an election than actually challenge the status quo, which is why the left and liberals are largely irrelevant to American politics and nobody listens to them. They don’t back their beliefs with any meaningful political action.
White liberals do love their Oreos.
“Yet you continue to act like democrats are the war mongers and Ron Paul a Republican is the answer to peace and every time you do you lose more credibility.”
1. The set of warmongering parties includes at least two parties: Rs, and Ds. Both worked together to bring about war in Iraq, Afghanistan, Libya, and no doubt wars elsewhere we don’t know about.
2. I don’t recall writing that RP is “the answer to peace.” That bad a writer, I’m not. However, it is clear that the set of legacy party candidates who say they’ll end the wars has one member: Ron Paul. Surely that’s a remarkable fact deserving of mention?
* * *
Every time an Obama apologist says lambert loses credibility, a kitten dies. But thanks for your concern.
I think the moral of the story is don’t borrow a cell phone from your cousin.
“People” buy the 8.5% because word has been passed from the dominant 1% factions that The Droner is to be re-elected, and so the necessary narratives are now being constructed.
That’s right, Lambert. Next we’ll hear Obamoreo addressing us as “You people.”
Is banking as dangerous as drugs?
http://financeaddict.com/2012/01/why-we-need-a-cfpb-with-balls/
Loans and drugs are identical. Both must be tailored to the individual for maximum effect although future adverse events can not be ruled out. Both are advertised as one size fits all, and marketing creates reasons to desire both.
John Williams at shadow stats:
http://www.shadowstats.com/alternate_data/unemployment-charts
Considerably higher than 8.5 percent.
“.. in October 1953, Harold Medina, the presiding federal judge in the case, ..”
Buy yourself the right judges and soon ‘The Birchers’ will be accusing You of ‘Bircher nonsense’.
http://www.bloomberg.com/news/2012-01-09/cohan-how-wall-street-turned-a-crisis-into-a-cartel.html
United States v. Morgan et al.
http://en.wikipedia.org/wiki/Investment_Bankers_Case
Isn’t someone named “Medina” in charge of Obama’s campaign?
“Medina” is a well-known New Orleans “Italian” name. Makes you think of the late, great Aaron Cohn of the Metropolitan Crime Commission and all of their good work.
“Medina” from generation to generation. Follow the DNA of The Family.
It’s Joe Messina.
As bad as this corrupt judge. Read his decision; it is an extraordinary display of DoubleThink and Crimestop.
Gitmo–It’s a big reason I’m not voting for him again. That and his love for drones. . . and his love of an expanded security state. . . and his love of bankers . . .
Enumployment figures–they never count the SELF-EMPLOYED. Remember the 80s and 90s when the big thing was to become self-employed? Well how did that work out–anybody asking?
Some people are trying it now–out of desperation. Cleaning, yard services, handyman services, low skills, cash pay, off the books.
CB, don’t forget prostitution. Recently, the NYT gave “the oldest profession” a plug, showing us the proud testimony, by video, of a 52-year old black woman still working the streets. Her pride of profession? Never having been the kind of chump who sits at a desk or wields a mop, waiting for pay from the Man.
Check. “Self-employment” is what they want of us; and German is leading the way. This is the full-flowering of “The War Against Women”–as told by Marilyn French. Take your pick, ladies: mater dolorosa or whore.
Keeping intrest rates at zero for a decade to come isn’t out of the question. Japan made that choice and salvaged its industry and social order. If the US has no other option, then Bernanke is saying TINA in code. Of course the Fed wants asset prices to go up. Its the stealth devaluation of the dollar. So what? Clearly the Fed does not intend to make stocks and bonds more volatile. The last thing the Fed wants is for investors to run away. Stability is the only game in town. The outspoken goal of the US and the Fed is to increase exports, apparently In both the US and the EU. But reality is brutal and trust – thanks to the TBTF banksters – is nonexistent. Everyone who has a brain cell sees global competition looming; everyone knows that our exports will only ever increase in small increments. Where else is there to go for a country (that was once so rich it never bothered with sane politics) when it comes to the end of growth?
The Cat. I wonder if it was photo shopped, or if someone actually painted it to look as such? If that’s what was done, then the owner[s] should be made to look the same, in all the naked glory of the moment.
The BLS keeps disappearing people from the labor pool. U-3 is more like 12.5+%
————
Disappearing labor pool.
Numbers can lie if unemployed workers emmigrate like the Irish in the 19th century, to name just one example.
So, one way to get the national unemployment rate down is to encourage people to move to other countries, like China or India maybe… or into space if possible. Let the Martians (human colonists or otherwise) worry about their unemployment rates.
I think Fidel did that a few times.
Ah, but that’s what’s really scary. There are no more “empty” lands populated only by “savages”, who can be easily eliminated, to which governments can send their unemployed masses. And upper class bureaucrats.
Our planet is like a petri dish populated with a bacterial culture. We multiply furiously, at an ever increasing rate …. then the medium runs out.
MyLess, isn’t that what all of those “empty apartment buildings” in China are waiting for? immigrants from USA!USA! at slave wages?
I’ve mentioned it before but never got a response to “Merkel Marbles” (the Parthenon in the Pergamon).
Once upon a time all the Mice met together in Council, and discussed the best means of securing themselves against the attacks of the cat. After several suggestions had been debated, a Mouse of some standing and experience got up and said, “I think I have hit upon a plan which will ensure our safety in the future, provided you approve and carry it out. It is that we should fasten a bell round the neck of our enemy the cat, which will by its tinkling warn us of her approach.” This proposal was warmly applauded, and it had been already decided to adopt it, when an old Mouse got upon his feet and said, “I agree with you all that the plan before us is an admirable one: but may I ask who is going to bell the cat?”
OOooooo! Eye of Horus Kitteh ! I can’t imagine the cat holding still for a painting session.
For a non-finance person like myself, this explanation of Mitt Romney’s financial behavior — by Dylan Ratigan to Martin Bashir — provides a few ‘aha’s. “At least if you’re going to buy a company up and destroy it, use your own money, man…!”
http://www.msnbc.msn.com/id/3096434/#45932782
Or the fox newbs take, delivered by the one and only, fountain of hair spray, Donald Trump. “bankruptcy is a business tool” and the later blond tranny piping up to add “they will try to make something of this” Dems going after Mitty!
Skippy… all we need is some good party drugs and electioneering this cycle will be an epic rib splitter… irony, juxtaposition, white is black, dark matter candy bars!