Resistance

$179,000 Each–In Debt

"Government and household debt has reached $179,000 per person in the U.S. For the past several years, we've heard pundits blathering on about the 'great deleveraging' that's reduced the household debt burden, freeing up American consumers to borrow more, more, more. The Great Deleveraging is shown here--yes, it's that thin slice of debt writeoffs. Debt has since resumed its inexorable rise. That which is unsustainable will go away. That includes debt, malinvestments, currencies, deficits and yes, entire empires." Continue reading →

Continue Reading$179,000 Each–In Debt

The 10 Worst College Majors for Job Seekers

"No. 1: Anthropology And Archeology; No. 2: Film, Video And Photographic Arts; No. 3: Fine Arts; No. 4: Philosophy And Religious Studies; No. 5: Liberal Arts; No. 6: Music; No. 7: Physical Fitness And Parks Recreation; No. 8: Commercial Art And Graphic Design; No. 9: History; No. 10: English Language And Literature." Continue reading →

Continue ReadingThe 10 Worst College Majors for Job Seekers

The 10 Worst College Majors for Job Seekers

"No. 1: Anthropology And Archeology; No. 2: Film, Video And Photographic Arts; No. 3: Fine Arts; No. 4: Philosophy And Religious Studies; No. 5: Liberal Arts; No. 6: Music; No. 7: Physical Fitness And Parks Recreation; No. 8: Commercial Art And Graphic Design; No. 9: History; No. 10: English Language And Literature." Continue reading →

Continue ReadingThe 10 Worst College Majors for Job Seekers

Gazing at Egypt With Shock and Awe

"First Egypt was destabilized and then the Muslim Brotherhood was virtually invited to take over. Presumably Washington had no problem with the ascent of the Muslim Brotherhood because it is amenable to Western Intel and has been for decades. But increasingly, it seems something went wrong in Egypt once the Brotherhood was installed. Not only did they not observe the (misleading) niceties of regulatory democracy; more egregiously they declined a loan from the International Monetary Fund. And so ... exit the Muslim Brotherhood and enter, once more, the Egyptian military – Washington's main ally of power in the Upper and Lower lands of the Nile." Continue reading →

Continue ReadingGazing at Egypt With Shock and Awe

Gazing at Egypt With Shock and Awe

"First Egypt was destabilized and then the Muslim Brotherhood was virtually invited to take over. Presumably Washington had no problem with the ascent of the Muslim Brotherhood because it is amenable to Western Intel and has been for decades. But increasingly, it seems something went wrong in Egypt once the Brotherhood was installed. Not only did they not observe the (misleading) niceties of regulatory democracy; more egregiously they declined a loan from the International Monetary Fund. And so ... exit the Muslim Brotherhood and enter, once more, the Egyptian military – Washington's main ally of power in the Upper and Lower lands of the Nile." Continue reading →

Continue ReadingGazing at Egypt With Shock and Awe

Bank of England: Central Banker as Movie Star

"Carney has it all. The looks of George Clooney, the modesty of a working man, the suffragette-style boosterism of a man who is determinedly anti-chauvinist. He is a hard worker, early to rise and has a great command of central-bank technocratic science, as evidenced by his implementation of the new central banking of 'forward guidance.' He is being portrayed as a kind of central bank Renaissance Man – good at virtually everything. This won't last, of course. Let rates go up even a little and countries like Britain and the US will see their interest payments soar. There are considerable strictures on what central banks can do these days." Continue reading →

Continue ReadingBank of England: Central Banker as Movie Star

Bank of England: Central Banker as Movie Star

"Carney has it all. The looks of George Clooney, the modesty of a working man, the suffragette-style boosterism of a man who is determinedly anti-chauvinist. He is a hard worker, early to rise and has a great command of central-bank technocratic science, as evidenced by his implementation of the new central banking of 'forward guidance.' He is being portrayed as a kind of central bank Renaissance Man – good at virtually everything. This won't last, of course. Let rates go up even a little and countries like Britain and the US will see their interest payments soar. There are considerable strictures on what central banks can do these days." Continue reading →

Continue ReadingBank of England: Central Banker as Movie Star

Italian mayor turns into Mr. Fix-It to save money in town budget

"An Italian mayor and his council members have decided to fight the economic crisis proactively, picking up paintbrushes and re-painting the walls of their offices themselves to spare the town budget. They worked overtime and even chipped in for the material themselves. 'In a time of economic hardship, we managed to save 10,000 euros ($13,000). My colleagues, mayor Giovanni di Panegrazio and myself paid for the 470 euros of material necessary for the work,' he said. Families of the council employees and other local residents have contributed with food and drink to reward the town managers for their sense of civic duty." Continue reading →

Continue ReadingItalian mayor turns into Mr. Fix-It to save money in town budget