The Recovery

I was reading along, minding my own business, when I came across this USAToday item about how Americans have come to expect that they won’t be in any better financial situation next year. Near the bottom is buried this little gem, emphasis mine:

A typical recovery pattern goes like this: stock market bottoms, economic growth bottoms and then hiring and wage increases return. What’s unique and scary about this recovery is that the last piece of the recovery is not there.

The author goes on to talk about how weak job creation has been throughout this “recovery”. It’s almost like he was thinking of this chart from Calculated Risk:

 

Now let’s keep in mind the various bits of financial news we’ve had this week: there were only 54,000 jobs created in May, barely enough to employ a third of the people new to the job market; housing prices are officially in a “double dip“; major stock market indexes are down for the 5th week in a row; 45 banks have failed this year, and almost a thousand more are in trouble; certain forces in government are talking about severe austerity that would cripple job growth and throw millions of people into poverty and disease, despite the contrary wishes of the American people.

Now tell me, where exactly do we get the idea that despite all this, we are actually in some sort of “recovery”? Only if you measure corporate profits without any regard for Human-Americans do we have anything of the sort.

In closing: history for sale; Roman fishing vessel may have had a live storage tank; sluts must be punished; at least they admit that meat isn’t the only source of protein (I also like the emphasis on fruits and veggies over grains); damned liberal facts!; truth isn’t what the media wants you to believe; I don’t quote the good professor enough; depressing; 3rd grade; 60 small changes; HA! Manager comes up with a check fast when the moving truck and sheriff’s deputies show up!; turns out that physical activity is good for kids (who knew???); and the War On Drugs is officially a FAILURE.

Just a few items on the economy

So let’s just start with Robert Reich, pointing out the disconnect between Washington and the economy.

The economy, by the way, is in lousy shape. It’s just that between inflation reporting that automatically inflate GDP and corporations raking in record profits, it’s easy to pretend that things like anemic jobs numbers, people leaving the workforce, dropping housing prices, declining wages, high fuel prices, and all the other things that effect those of us in the trenches don’t matter.

But here’s an odd glimmer of hope. One Fed official thinks it’s time to start raising interest rates. His reasoning is that it will encourage saving. Traditionalists should be ripping their hair out yelling about how it will kill the “recovery” (you know, the one we aren’t really having) by making it harder for businesses to borrow money (you know, the money banks aren’t really lending).

Some of those traditionalists might stop for a moment to consider that it would also stifle inflation (the inflation the feds have been trying to pretend hasn’t existed since the Clinton Administration). None of them will point out that it will make it more attractive for everyone to own bits of the national debt (the debt that Congress is arguing about). It is too much to hope that anyone other than myself is beginning to question whether super-low interest rates actually do much for the economy.

 

In Closing: porn; abortion; blast from the past; War on Drugs; humiliation; security; and cats.

Happy Rapture Day!

How’s that working out for you? I feel fine.

So I haven’t said anything about the brouhaha surrounding now-former IMF head Dominique Strauss-Kahn.  Let me remedy that right now:
Matt Bors

But by far, the best actual headline has to be IMF Aborted Internal Investigation of Strauss-Kahn in 2008. Thank you, Businessweek!

In closing: the truth; if even joking about having a bomb is enough to get you arrested, then why weren’t TSA officers arrested?; most Americans don’t give a **** what gender your spouse is; Disagree with me? And you’re a woman? Or an underage female? You deserve to be killed and raped! (*ahem* at least according to some animals who consider themselves conservatives — just a friendly reminder, you don’t know whether I’ve got a concealed carry license, now do you); For pity sake, Mr. President, just freaking appoint Elizabeth Warren already!; The People want more regulation of Wall Street (are we mad enough to “vote all the bums out?”); the environmental case for legalizing marijuana; are your children at the park?; and Mark Zuckerberg is a freaking idiot.

Tucker and Shorties vs Evil

Inspirational Story of the Day: Teen disappointed that he didn’t make the soccer team, so he loses 60 pounds and deadlifts 308 pounds. There are lots of things you can do if you want to badly enough.

Um, Yeah: I can see where meeting a co-worker in such a place might be bothersome. Just say “but it’s the Wall Street Journal! I thought it was business news!” if you get caught reading that at work.

Hi-Ho Silver! Away!: Now might be a good time to sell?

That’s a Good Point: Charity and God may go well together, but not always.

What Would Your Doctor Do?: Say no to nudie-scanners.

Let’s just put all this economic news in one spot: First, we’ve got payroll numbers, which are “rising” but at too slow a pace. Campaign for America’s Future reminds us that “it’s the economy, stupid” and “Americans want government to play a larger role in economic recovery.” Because big business doesn’t give a damn; after all there’s an entire rest of the world to exploit. Tiger Beatdown has a nice item on the ongoing class war that nobody [wealthy] wants to talk about. Meanwhile, more and more families are feeding their families with help from food stamps. Inflation is going to make things even worse for those of us who aren’t millionaires. Tim Iacono points out that the savings rate is even worse that we think. Teen joblessness may reach record levels this summer — which means expect idle teens to find ways to get into trouble. People are defaulting on their student loans. But hey, at least small businesses are borrowing money; maybe they’ll actually hire people.

How interesting: So with gas prices what they are and our nation importing oil, American oil companies are exporting more oil than they sell here! And best of all they are sucking down American tax dollars at the same time!

Even Shutting It is Controversial: Yucca Mountain. I guess some good padlocks aren’t sufficient, eh?

Fortune is Right: What good is a consumer protection agency that can’t protect? If Congress waters down consumer protections, or Elizabeth Warren doesn’t get to head the CFPB, you will know that our lawmakers have sold our souls to the banksters that ripped us off.

Susan’s Got a Point: It is called “special education” for a reason.

Eric Holder’s Vow is Worthless: Back in 2009 he vowed to stop raids on medical marijuana facilities (yeah, I’m no HuffPo fan, but the only better link was NYT). But I guess whatever forces really control the War On Drugs Used By Poor And/Or Brown People told him how stuff is: his office has warned states that they will prosecute anyone they think they can prosecute for medical marijuana. Never mind what the people think. Their opinion only counts on election day, after all.

The More Things Change, the More They Stay the Same: Marie Osmond celebrated her wedding to her third husband… who just happened to have been her first husband. She even got to recycle her original wedding gown. Thanks, NutriSystem!

Well Isn’t That Interesting

Gee, isn’t it peculiar that right after a very close election in Wisconsin, a voting official with a history of not exactly doing things the proper way happens to find just enough votes for one particular candidate to avoid a required recount, against pretty much every rule of computer programming and common sense?

Good thing there’s paper ballots. Somebody better pick those up before the mysterious fire. You never know when a mysterious fire can happen. You might be experiencing one right now!

In closing: the contents of Notorious B.I.G.’s pockets when he died; have a Koch and a smile; escaped leopard menaces children; blast from the past; Fox News through history; stop coddling the kids, they know better; yeah, because clearly Eric Holder has nothing important to do; it’s never been about deficit reduction (go ahead! shut the government down! but stop paying the worthless congresscreeps who got us here!); on the middle class; How to tell if your neighbor is cooking up explosives; what’s that doing in this century?; Detroit; the truth about how California reduced malpractice costs; make sure you are both on the mortgage; I doubt this seriously (did anybody bother to compare cost-with-coupon to cost of store brand?); stop tweeting ads; earthquake art; whistleblowers; and a cat with a gun.

Tokyo does not have 3 syllables

This morning, after listening to a newsman mangle the pronunciation of the current Prime Minister of Japan’s name, I thought it might be polite to give readers a brief guide to how to pronounce all those words you might see in print regarding the earthquake, tsunami, and nuclear plant issues.

Thankfully, you don’t need to read any of the three sets of characters used to read and write Japanese; it’s come to you already in “roman” characters called “romanji” or “roomaji” in Japanese. Better yet, every letter always makes the same sound, which is more than you can say for English! So here’s how the vowels work:

  • “a” always makes an “ah” sound, as in “father” or “want”
  • “e” always makes an “eh” sound, as in “lend” or “get”
  • “i” always makes an “eee” sound — just like it does in Italian or Latin. Think “Italiano”. Sometimes, if it would cause emphasis to be given to a syllable, it is almost silent as in “Hiroshima”.
  • “o” always makes an “oh” sound, like in “slow” or “tempo”
  • “u” always makes an “oo” sound, like in “tune” or “rule”. Like “i”, sometimes it is almost silent as in “sukiyaki” or “desu” (which means “is”)
  • Vowels can be doubled up, which results in it being held longer. The most obvious example of this is “Tokyo,” which would be spelled out in Hiragana as something more like “Toukyou”.

And there are a few consonants that seem to give people trouble:

  • “g” is always hard, as in “get” or “give” or “gen mai cha”
  • “j” always makes a j sound, like in “jet” or “jive”
  • “tsu” is said just like it’s written; the t is not silent
  • sometimes an “n” at the end of a syllable has a sound somewhere between an n and an m (in Japanese, it gets its own character when this happens)
  • “y” is a consonant, and in words like Tokyo and Kyoto, it is part of one syllable (written with two characters — it gets complicated)

Sorry if this seems a little pedantic. Now you’ll be able to read all those place names in the news and the items on your local sushi/teppanyaki place like a champ.

Now for a special what the??? edition of In Closing: Etsy child abuse; save the Northwest Tree Octopus (you’ve never seen one because they’re endangered!); secret cat haven; an unlikely charitable organization; duh; war on undesirables drugs; historically hardcore; capture the what??; actually it was a little longer than one decade; complaints; can you pass?; the Gentleman from Ohio; time for some realistic time management (including the use of the word NO); remember; vorpal bunnies in Spain; stupid; not really; worried; poor babies; fear; time poverty; the cat and the crickets; yes, this is real; Mrs. God; and find the unnecessary word in this comic:
PC and Pixel

Mulholland Shorties

Was I Wrong About Rahm?: He’s not even sworn in yet, and he’s announced that something he wants to do is enlarge a good old-fashioned public works project! Granted, it’s just bike lanes, but it will put people to work and help other people get around when it’s done.

Food Insecurity is just a fancy word for Going Hungry: Here’s a viewpoint from somebody who once had to endure it. It turns out there are a lot of issues in play.

So You Want to be a Revolutionary: This man wrote a book about non-violent revolution. There’s a link to the PDF, which is credited with change around the world.

Income Inequality: When people in other nations notice it, it’s bad. If that has too many words, this one has lots of pretty pictures. Here’s more.

Release the Hounds: An Indiana Deputy Attorney General suggested using live ammunition on protesters in Wisconsin. Thankfully, he didn’t have the authority to order such a thing. But sanity did prevail: he is now unemployed on the grounds that a man in his position must demonstrate civility.

Speaking of Shafting the People who Teach Your Kids: Providence just sent lay-off notices to each and every teacher. They will decide later who actually gets the axe. Way to promote morale! And just a reminder, the average teacher in Wisconsin makes less than the Wisconsin median income.

Your Insurance Company Believes in Global Climate Change: Because 2010 was one of the worst years for climate disasters ever! That would include things like storms. Oh, and I sure hope those of you in San Francisco enjoy the expected snow.

Too Big to Fail is Too Big to Exist: Seriously, even people from the Fed say so.

Making the Situation Worse: Banks are moving branches from poor neighborhoods to wealthy ones — despite laws requiring them to serve the entire community. In this vacuum, payday lenders and check cashing businesses spring up out of need. And did you know that one in nine banks is in danger of collapse?

Some People Have Never Heard of the First Amendment: Some people think you can outlaw “shariah.”

Who Knew: It turns out Americans like having clean air and water.

Priceless: It turns out you can download sheet music of the classics for free. Mozart’s copyright rights are long since expired.

Truth in Comics: Drew and Bors.

Can we Stop Calling it the Party of Lincoln?: It turns out President Lincoln would disagree with almost everything the current Republican party stands for.

They Really Would Prefer All Women were Pregnant: No word on whether they think we should be allowed to wear shoes.

Plastic Tubes and Pots and Pans, Bits and Pieces: Kids need to do more science.

Batshit Crazy: Qaddafi.

The Only Evidence that I am “Moderate”: I’m clearly somewhere between these two crazy extremes. Honestly, I think of myself as left of center. You know I think that the banks are the root cause of much of our current economic woes, but it would be childish to assert that “Wall Street causes all bad things.”

Placebo: Dogs just want to please their masters. That’s why drug sniffing dogs only have an accuracy rate of 44%. That rate drops to 27% when the person in question is Hispanic.

Lily the Pink: Or, Who Knew Moldovans Drank So Much?

Advice for Democrats: Stop using the Republican’s terminology! I want to scream every time i hear one of you talk about the “death tax” or “tax reform” or “Obamacare” or “Social Security reform.” For pity sake, all these things have names that don’t admit that their way of looking at it is correct!

What Happens When This One Pops?: College textbook price bubble.

Which one is it, CNN?

Ok, this is what appeared in my RSS reader this morning. CNN can’t seem to decide if the President’s budget “takes a sharp knife” to spending, or “only boosts spending.” Apparently it went unnoticed that these are opposites. I guess they don’t teach things like logic and rhetoric to journalism majors anymore.

Granted, with Democrats like this, who needs Republicans?

But with news media like this, how can any normal person be expected to separate truth from fiction. I recently saw a bumper sticker that said “Confuse a Liberal: Use Facts and Logic.” I suppose that might work if you get to choose which facts you think are true.

In closing: the grocery gap; milk and sugar cause acne?; this will just mean more student loan debt; must be nice; gotcha; silly cops, you can’t go abusing upper-class kids; in the long run, we all lose; we could use some of this; it’s about public health, not baybeez; so much for no earmarks;

Inland Shorties

To Paraphrase My Source: why do we demonize doctors for over-prescribing (and parents for over-demanding) antibiotics when 80% of them are used on the farm?

Don’t Panic: Yellowstone has risen by as much as 10″ in spots.

Useless: New food labels tell you everything they think you need to know at a glance on the front of the package! Except, of course, how big a serving is.

Follow Up: Great Jack LaLanne quotes.

Been a while since we had a Japanfilter: Old pictures, traditional recipes. Less traditional. Free Japanese lessons.

Holocaust Remembrance Day: Enough said.

About Jobs: It’s not about competition; this might take some time; if he’s right, his wife may be unemployed in 2 years.

ACLU: Oh Snap.

Unaffiliated: Monitor lizard.

When can I buy one?: VW‘s latest mileage monster.

Harry? Is that you??: Reid says we must “reintroduce truth into the public debate.” Among other things!

Sharron: Won’t rule out running for President in 2012. Shudder.

Google: strange sense of censorship.

Deficit: Why austerity is a sucker’s game.

Duh: Financial crisis was avoidable.

The War On Drugs Gets Silly: Drug catapult.

That Nixon Was Too Liberal: Newt Gingrich says the EPA must go.

JP Morgan Takes the Fifth: Won’t detail a half million loans.

No, really?: Housing bust means workers can’t move to new jobs, a key feature of the “job market.”

Rare Fossil: Pterosaur and egg.

Wanted: X-Ray Glasses

Watch this. It’s a man with a golf club, being shot to death in his own home by cops who had a no-knock warrant. He was known to have a drug problem, and was suspected of being a dealer. The county attorney called it “justified.” Do you hear the police identify themselves in that video?

Now then, pretty much every state in the union gives me the right to defend myself and my home. I live in a neighborhood where people try to deliver items to homes with the same number but a different street name on a regular basis. So I have a deadly serious question: When somebody is trying to break down my front door, how do I tell whether it’s a theoretical drug-addled group of gangsta neighbors, a bank trying to illegally foreclose on the wrong house, or Metro Police executing a no-knock warrant on the wrong address?

I’d really like to know, because in two of those situations I’m a hero for defending myself, but in the other I’m dead.

In closing: Todd the Bod; Facebook; really, Wal-Mart?; MC2; follow-up on an adoption; truth; and coffee.