Thursday, November 3, 2011

Bad Scene

Oakland protesters condemn violent clashes – USATODAY.com



The violence in Oakland seems to have been the work of some anarchists and hoodlums. It is unfortunate to have the Occupy movement associated with violence. It is only through the methods of Gandhi and King that the world can see the true purpose and not have reason to doubt motives.

Exceeds Worst Case

Biggest Jump Ever Seen In Global Warming Gases | LEX18.com | Lexington, Kentucky

While we worry about the economy and jobs we have this going on and soon we will worry no more about those things. When the bubble bursts on this it will totally wipe out economies.

Indebted Future

College Students' Borrowing Hits An All-Time High : NPR

When I went to college I managed to accumulate about $5000 in debt. Now the average debt is over $25,000. That is the cost of a new car or a very good down payment on a house. What is the effect of this on our economy? We now have, as a nation, over 1 trillion dollars of student debt. What can we do about it. Should we stop financing the educational development of our future work force?

The debt is fueled by the dramatic increase in tuition rates brought on by administration heavy universities and the refusal of legislatures to adequately fund universities. The problem is no pervasive that only government has the resources to deal with it. If we wait for private enterprise to deal with it we will become a third rate nation.

A new view of financing the future of the nation is needed.

Occupy Cannes

Cannes Plays Host To An Economic Crisis : NPR

I am interested to see if the global version musters a significant presence in France for this economic summit. It could be very useful in the drawing of attention to the plight of the 99%.

Wednesday, November 2, 2011

Revolution Co-opted

Euphoria Turns to Discontent as Egypt’s Revolution Stalls - NYTimes.com

the Egyptian people trusted the army to protect them and so it did. The trust that the army would allow radical change in government was misplaced. Armies are bastions of tradition and represent the physical power of the government under which they operate. To have expected any other result was unrealistic.

Speed Freak

Ex-driver Mayfield arrested for meth possession - Nov 02, 2011 - NASCAR.COM

Not a good sign. Meth is a nasty drug that changes a person's whole life. Once a promising driver/owner. Jeremy's life is in a serious downturn.

The Myth of Common Sense

The Eurozone crisis will not go away until banks face reality - The Term Sheet: Fortune's deals blog Term Sheet


In this article Ms. Bair exposes one of the myths of markets being self-correcting. At this very moment the United States is debating increasing the amount of capitalization that banks must hold. In addition, there is an examination of regulation concerning risk evaluation. Arcane topics for most of us but key instruments in our financial system.

So, it is not just like your checkbook. There are many other things to consider. Take the time to try to get a grip so you can cast votes intelligently and not have to take some pol's word on it.