For those of us concerned about unsustainable government spending/commitments and our politicians inability to deal with it, reading this lede in the NY Times is a big sign of the times. The realignment to the center-right is upon us (I emphasize the center, unlike republicans who say center-right but mean ultra-conservative-fundamentalist, as in “Those liberal [...]
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A great article about systemic instability, financial markets, and the the deficit. Here is one taste: The Obama administration tells us that the government deficit is going to be well over $1 trillion a year for at least ten years. And that does not take into account the outlier years in the 2020s when the [...] In fact, her entire family tries to avoid any contact with the water. Her youngest son has scabs on his arms, legs and chest where the bathwater — polluted with lead, nickel and other heavy metals — caused painful rashes. Many of his brother’s teeth were capped to replace enamel that was eaten away. This [...] Forget WWIII, the future is a delicate dance over mutually assured financial destruction. The New Republic has a great article (Peking Over Our Shoulder | The New Republic) about the issues and the way the game is playing be played. It looks increasingly like if the US and CHina ever come to blows, it will [...] Note: The first publishing of this post was accidentally an unfinished draft. This the corrected copy. The Wall Street journal asks? Was it surprising to investors that Merrill paid $3.6 billion in bonuses? This figure leaned toward the low end of estimates that had appeared in the press, and it was significantly less than the [...] I have an emerging view on markets, government, and what to do moving forward, and Better Regulate Than Never | The New Republic help my tie a lot of my thoughts together. On Capitalism: To understand the shape of our response to the crisis, we must understand the crisis itself. We have experienced a failure [...] While I have been critical of the Federal Reserve (especially the Greenspan years), my beef with them has been their judgment and decision-making process. Congress, on the other hand, is a whole different matter. Its not their judgment, but rather, the fact they are owned not by the American people, but by lobbyists, and corporate [...] Is this what they mean when they talk about green job creation? Marijuana growers, many believed to be affiliated with Mexican drug cartels, are aggressively expanding their illegal farming operations in the U.S., clearing land to plant pot in dozens of national forests from coast to coast. Via Pot ‘Plantations’ on the Rise – WSJ.com. [...] Dickson D Despommier (someone’s parents didn’t like them) has been drinking some pretty strong Kool-Aide based on his recent NYTimes article. He advocates building vertical farms directly in cities, as a way to reclaim farm land for nature, feed billions more people, use less water, green cities, and allow for more people to eat local. [...] Reading through the NY Times today, I got quite the shock when I read this: Last week, Congress and the White House released their summer budget updates, touching off a flurry of headlines and commentary suggesting President Obama’s agenda would produce deficits exceeding a total of $9 trillion over a decade. Others said $2 trillion. [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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