It’s easy to kick Detroit. The place just about roles over and begs for it. Now we learn that the City Henry Ford built is now eligible to be put under emergency management by Governor Rick Snyder. Michigan State Treasurer described the situation succinctly below.
“We believe there’s a financial emergency in the city and that there’s no plan in place to correct the situation … I do believe strongly Detroit is fixable,” he said.
I read this, nod in sad agreement and then think to myself that Detroit is just the symptom. Detroit is just the canary that died in the burning coal mine of American finance. Our country is going bankrupt and despite our heartfelt desire that this not happen, most of us are helping it occur. We are caught in what’s called a discursive dilemma. Gonzalo Lira gives us an explanation of how we made it to sequestration below.
So in case you were bored enough to wonder, Van Jones has not assisted the carbon cycle yet by assuming room temperature. On 17 February, 2013, we had a confirmed sitting on the Capitol Mall. He was there to frolic in front of an adoring 35,000 person crowd at the “Forward on Climate” March. In case you wondered whether he was as think as you stoned he was, he offered us the following remarks about why he wanted Barack Obama to kill the Keystone Pipeline. So he may not be as prominent, but the man remains a deracinated menace to the future.
“I think we should take the president at his word, but make him honor his word,” Jones said. “This pipeline, if it goes through—the first thing that the pipeline runs over is the credibility of the president of the United States. That’s the first thing it runs over. He said that he’s not going to let us be a generation that cooks the earth.” Jones continued: “If we lose, we lose everything. We’re fighting for the children of all species. This isn’t just a fight about Democrats versus Republicans in the United States. The children of all species forever are going to be impacted by what we do in this town for the next twelve to twenty-four months.
Have you ever been overwhelmed by the utter stupid that is ObamaCare? Does it ever just make you want a good, stiff shot of courage as a pick-me-up? Bad newz Sukkaz!
More than 600 part-time employees at the Virginia Department of Alcoholic Beverage Control will soon have their hours cut as the state prepares to enact the Affordable Care Act. Under the Affordable Care Act, employers would be required to offer health care insurance to employees who work more than 30 hour a week.
You see how that wonderful law expands coverage? Isn’t it a miracle! It’s like Nancy Pelosi told us, if we hadn’t passed it, we’d have never seen all the wonderful stuff that was in the law. Betsy McCaughey takes time from her busy day to share with us what we all win with Glorious and Regnant ObamaCare!
Christopher Dorner wanted to exact revenge for the fact that he had been fired from the LAPD. He apparently believed that the murders of Monica Quan and Keith Lawrence were necessary, yet not sufficient to fulfill that requirement. He hadn’t exacted true revenge until he called up Monica Quan’s father, Randall Quan, and taunted him about how easy it was to shoot his daughter.
What I described above tells me all I need to know about Christopher Dorner. Even in an older, more savage age, he could have been a man of honor if he were to have met Randall Quan somewhere and had it out with him man to man. Shooting the man’s daughter and then calling him up to rub it in should mark Christopher Dorner as a detestable coward, a man unfit for the role of the anti-hero. To root for Christopher Dorner is to root for genuine evil. This is America’s crappy remake of “Sympathy For The Devil.”
If you read enough media, you’ll occasionally see something interesting. This morning two intelligent people wrote editorials on education and I found myself unsure whether I agreed with either. Perhaps I’m not as think as I stoned I am. Who knows? But in an era of tightening resources, hard choices have to be made. Educational spending will have to be included in the pile of reducible expenditures, so perhaps hearing out both Michelle Rhee and Jonah Goldbergwill help give us a better sense of what could work.
A very powerful group of people has advised Standard and Poor’s to reconsider some of their recent bond rating decisions. In a vacuum, this could be seen as condign. S&P’s has a track record for being too cozy with Wall Street brokerage houses that issued mortgage-backed securities based upon sub-prime mortgages. S&P, like Moody’s, like Fitch, overrated the quality of many of these MBS bonds which helped contribute to the economic unpleasantness of the last five years.
However, unlike Moody’s, unlike Fitch, S&P deviated from the hypocritical script and began putting bond issues under a more focused microscope. They found fecal matter strewn throughout and began to rate securities issues accordingly. Regrettably, some of those issues S&P took the hatchet to were USG debt securities. In August of 2011, S&P downgraded US debt from AAA to AA+. Thus S&P will be tortured with the legal equivalent of amateur proctology by the pathetically obvious Obama Administration.
It’s as if Barack Obama just got done reading Moneyball by Michael Lewis and has now dedicated his remaining time in office to doing the exact opposite of what Billy Bean would do. It’s a shame the one of the two with actual talent is running a baseball club. You see, Moneyball was really a book about how Billy Bean figured out how to hire | Read More »
Light may not have mass, momentum, charge or a chemical formula, but it now shares an important distinction with many elements found on The Periodic Table. In France, light is being regulated as a pollutant. The Guardian UK shares details below.
Shops and offices throughout France will be forced to turn off their lights overnight in a bid to fight light pollution, the country’s environment ministry has announced. Under the new law, which comes into effect on 1 July, lights in shop window displays will be turned off at 1am. Interior lights in offices and other non-residential buildings will have to be switched off an hour after the last employee leaves.
The goal of the law is actually to prevent CO2 emissions which French Ecology Minister Delphine Batho seems to believe are harming the planet. The proponents of this tactical retreat to ages before Edison claim it will save enough energy to power 750,000 French households every year. It once again amazes me what depredations of liberty are possible when they are sold as environment-friendly policy.
Fox News is at the apex of its corporate power. It bestrides the fetid media swamp like a mighty, dollar-and-talent-sucking Colossus of Rhodes. It’s beyond being a network. It is a unique plain of existence, separate from the mere domain of mortal man. That spending problem in DC – it only exists on Fox News.
Now never you mind the actual economic statistics. The fact that Q4 GDP went down by 0.1% versus a non-Fox News consensus estimate of 1.1% – that only happened on Fox News as well. Likewise the Consumer Confidence number that is worse than any value recorded since November 2011.
Well, actually the Consumer Confidence story just winked into existence over at Bloomberg as well. Here’s how a Philadelphia-based bond analyst feels the Consumer Confidence Cliff will effect things out in Flyover Land.
We all get bent out of shape over politicians that lie to us. It offends the sensitivities that we get babied by these people telling us only what we want to hear. That is until a serious political leader drops all sense of pretense and diplomacy and tells us exactly where he’d like us to disembark the trolley. The quote below just means more, given that it comes from a person steeped in the cultural history of Bushido.
“Heaven forbid if you are forced to live on when you want to die. I would wake up feeling increasingly bad knowing that [treatment] was all being paid for by the government,” he said during a meeting of the national council on social security reforms. “The problem won’t be solved unless you let them hurry up and die.”
Without a strong central values system guiding a society, it becomes focused on the individual, which thrusts individuals into competition with one another and deprives them of any larger identity, purpose or context. The result is a society composed of people acting for personal pleasure, which leads them to neglect others and their own families, and abuse each other out of aggressive competition for social | Read More »
If you were hoping that the president would set the stage for a grand bargain to restructure America’s entitlement programs and fiscal health for the 21st century, you wouldn’t have found much encouragement.
David Ignatius stated the obvious in a very polite and understated manner. The President has hit his high water mark. He won re-election, and has no idea what to do with his power beyond the satiation of the power base that drove his reelection. He can hand out fish-sticks, but he but he won’t teach you how to catch your own. (HT: Moe Lane) * This only reinforces my earlier opinion that Barack Obama is nowhere near as in charge of events as he likes to ask. The man is a prisoner of historical trends and of his choice of supporters.
I’ll bet the people who voted for Obama never realized how utterly cool they had become. They too get to have something in common with Tom Cruise! Like Tom Cruise they’ve been brainwashed, duped out of their money and will ultimately be betrayed by a nut-job cult. No, voting for Barack Obama doesn’t quite automatically enroll you in the Church of Scientology, but when Time Magazine describes the 2nd Term of any US President as The Second Coming, I tend to think we’ve crossed a dangerous border between admiration and idolatry. Here’s how Newsweek Magazine serves up a dose of blasphemy in honor of our Dominus et Deus, Barack I.
Melati Suryodarmo (b. in 1969 in Surakarta, Indonesia, lives and works in Braunschweig, Germany) performes EXERGIE- Butter dance, an older piece but shown for the first time at Lilith. 20 blocks of butter in a square on the black dance carpet. Suryodarmo enters the space, dressed in a black tight dress and red high heels. She steps on the pieces of butter. She starts to dance to the sound of indonesian shamanistic drums. She dances and falls, hitting the floor hard, rising, and continuously being on the verge of standing, slipping and falling in the butter. After twenty minutes Suryodarmo rises one last time, covered in butter, and leaves the space.
When Physicist Alan Sokal had finally heard enough of the postmodern intellectual twaddle such as the YouTube video above, he opted to detonate a stupidity bomb that would wipe out the intellectual respect accorded to Postmodern Thought. He wrote a hoax academic paperHe wrote an article entitled “Transgressing the Boundaries: Towards a Transformative Hermeneutics of Quantum Gravity.”
It kind of makes me sick when the deadbeat wears Prada. Such is the case with Argentinean President Cristina Fernandez. Argentina overwhelmingly voted her in as President and she immediately borrowed vast sums of money. This influx of cash jet-fueled an economic bubble which predictably popped. Then the bills came due for all the money she had borrowed during Argentina’s economic boom.
Rather than paying the piper and facing the obdurate, double-plus unfunny task of cleaning up after her socialism party, Fernandez made like a good Marxist and socialized some of the losses from her own economic mismanagement. Anyone dumb enough to buy Argentinean bonds got stiffed like a co-star in an old Harry Reams film. Argentina defaulted on its debt payments and referred to some of the hedge funds which hold the now worthless Argentinean paper as “vulture funds” because they refused to take a haircut and attempted to make Argentina’s government answer for their behavior in court.