See What Happens, Larry? - 7/26/2012
Here's what we're following this morning:
(via When in Doubt)
"The most damage is caused by those who are not as smart as they think they are." - TrimTabs Money Blog | Somehow, the logic of the Fed giving profits to bond holders who then buy more bonds at even higher prices seems ludicrous.
Congressional Budget Office evaluates Affordable Care Act, hilarity ensues - Bruce Krasting | Two reports: the first did an analysis of what the cost would be if we just scrapped the ACA altogether; the second looked at the consequences (oh, and there WILL be consequences) to the economics of the ACA as a result of the Supreme Court decision.
STOCK Act foes may gain ally - The Washington Post | The "national security" argument is being used. Grab an air-sickness bag.
Prisons as a growth industry - Counterpunch | "Man, I could do a dime standin' on my head."
About the poor and taxes - Jesse's Cafe Americain | A shift from an income tax to a consumption tax is a great idea if you'd like to stimulate and subsidize a new bubble in speculative financial paper that would bring down the financial system once and for all when it finally collapses.
The global crisis is a convergence of Marx, Orwell, and Kafka - Charles Hugh Smith | "We expect errors, not justice."
US drought could spell another global food crisis - Mother Jones | Or, as we like to call them, "Movements towards Democracy." Tunisia? Egypt? Syria? Sudan? While there definitely remains some political aspect, the other unmentioned similarity has to do with food, its costs, and its availability.
The real significance of Sandy Weill's "Break up the Big Banks" recommendation - Naked Capitalism | Still have that air-sickness bag from your reading of the STOCK Act article? You'll need it here.
A mental experiment for establishing the mood for solving the Global Crisis - Yanis Varoufakis | Perhaps the Eurozone's real elite does not want the crisis to disappear quickly and painlessly.
"Schoolhouse Rock" updated for Generation Occupy - Dangerous Minds