Adam Parker wrote something that resonated with me this morning
"The facts are, the stock market is basically at its all-time high, corporate profitability is at its all-time high, and corporate balance sheets have essentially never been in better shape. Financial obligations have been pushed out for a long time and the economy bottomed two months after President Obama took office and may be on an upswing until he is out of office. Now, before we start a riot from my right-wing readers and colleagues, we want to make sure people understand my point. Economies and markets rise and fall nearly independently of our Presidents. We were at a political debate / show many years ago between conservative Bill Bennett and then-comedian, now liberal Senator Al Franken. When they were discussing the success of the economy under the Clinton administration, Bennett said, "I take my dog to the beach and we watch the sunrise, I just don't give him (my dog) credit for it." That's how we feel about blaming or giving credit to Presidents for market or economic success.".
Once upon a time in America:
We were studs, but now we are still studs that need a dose of viagra.
[URL]http://www.nytimes.com/2014/05/04/opinion/sunday/bruni-america-the-shrunken.html?partner=rssnyt&emc=rss[/URL]
Remember a time when there was a thread in AP named, Will China Lead the World? I still remember the die-hards & the patriots and the abusive language they used. And just as you are about to say that the Black Messiah is leading us down the ravine.
[URL]http://www.nytimes.com/2014/05/04/opinion/sunday/friedman-its-not-just-about-obama.html?partner=rssnyt&emc=rss[/URL]
About Frank Bruni & Thomas Friedman, yes I know, they know shit!
Hope & inspiration from the downtrodden and afflicted.
This is for the fat cats enjoying their cigars and bourbon.
[URL]http://www.nytimes.com/interactive/2014/05/09/business/student-essays-your-money.html?nav[/URL]
Now that the Dow is at an all time high
It's getting dizzy at the peak! So much so, that I'm developing vertigo. When do I get off the mountaintop?
And here is an article that will shrink your balls, because you realize that you are but a monkey on a roller coaster ride. And whatever peanuts & bananas you managed to grab depends on you being lucky more than anything else.
[URL]http://www.nytimes.com/2014/05/09/opinion/krugman-now-thats-rich.html[/URL]
Credit suisse, a slap on the twinkie.
[url]http://www.ft.com/intl/cms/s/0/829347f8-df6c-11e3-8842-00144feabdc0.html#axzz32IJ8AJyc[/url]
[url]http://www.bloomberg.com/news/2014-05-19/credit-suisse-pleads-guilty-in-three-year-u-s-tax-evasion-probe.html[/url]
Laughing all the way to the urinal as usual. As usual, nobody go to jail. You are not outraged? Yeah, I know, same old story.
Somehow, I can't get any links to work. But the news is everywhere.
A bloodless coup in Thailand, and the world laughs.
And so to no surprise for observers, the Military imposed martial law and took over the function of governing for the immediate future. Condemnations and ridicule from outside Thailand was the immediate response. And predictably, Secretary of State Kerry put on his cowboy hat & boots and proclaim indignation and spin the usual shit about democracy and freedom. Well, it's a ritual and all about appearances, so nothing to get agitated about. After all, the Thai military has a long history of US sponsorship. No order of evacuation of American citizens was given. I would have been first in line for a free flight to Los Angeles to get some tacos and pastrami sandwich.
In the short run, this ended the soap opera that never had an ending. What will emerge, we shall see. But for now, everything is different, but still same, same.
It's finally here, some of you need a good spanking!
[URL]http://www.nytimes.com/2014/05/30/opinion/cohen-capitalism-eating-its-children.html?_r=0[/URL]
Thoughts that I had for a long time, but unable to articulate in a cohesive manner.
Socialism may not be the end all answer, but has capitalism run its course? Probably not. But the dinosaurs that enjoy capitalism's good run will swear on their dying beds that it does not need any tinkering. They feel that they are superior and their beliefs do not have to change. But change, there shall be. United States is a basket case right now.
This is what the Governor of the Bank of England says "Prosperity requires just not investment in economic capital but investment in social capital.".
And Roger Cohen of the NY Times adds, "globalization and technology magnify the returns of the super rich, operating in a world of low taxation and lax regulations where short term gains becomes a guiding principle. Companies are not well served by boards that are too often, in the words of one participant, male, stale, and pale."
Now, don't get carried away!
[QUOTE=Punter127;439665][b]WOW[/b]
Misandrism (male), Ageism (stale), and Racism (pale) all in one fell swoop. Are you a hater of all older white men or just the ones that are successful?[/QUOTE]None of the above. Really, I don't have the energy to hate anybody.
But I think it tick the boxes of the group that oppose Obama vehemently from day one. That is well documented. Fits the two Donald's, Trump & Sterling to just name a couple. In the end, politics and government is all about who has the power and holding on to the power, be it the USA or Thailand.
Obama being elected signify change in America. To be honest, he has not been as successful as he or I wish to see. He was crippled not only by the hate and gridlock but by the financial crisis. And so this leads us back to my original post and to what the Governor of the Bank of England Carney have to say. That is if you are really interested or have an open mind.
Fight at the Nana Plaza Parking Lot
[QUOTE=RevBS;439668]15 rounds, you and me for the Undisputed Champion of Nana Plaza Parking Lot.[/QUOTE]No way Reverend. You'd kick my ass. Underneath your calm demeanor lurks a Kung Fu master. And besides your choice of venue sucks. Unless it's her night off my ex-wife would be there to see it happen, and that would be doubly humiliating.
A warning to gridlock and do nothing congress,.
http://www.youtube.com/watch?v=FclhuLsYi1c
Lee Kuan Yew warns Congress that American relevance in the Far East is under seige. A few years old, but wow, very far reaching and dynamic.
If link does not work, google you tube lee kuan yew, look for If Obama gets a second tern(MM dialogue, part 2)