Nothin' to Do, Nowhere to Go - 8/6/2012
Here's what we're following this morning:
(via Maggies Farm)
A good job is hard to find - Mother Jones | More education is better, but it's not a magic bullet for the 99%.
Government bonds and their investors: what are the facts and do they matter? - VoxEU | Increased foreign bondholders bring costs as well as benefits. The biggest draw-back would be increased volatility.
The truth about war - Truthdig | There's a divide between the warrior and the rest of us. That divide probably can never be crossed. Some, though, think that "there's no downside" to the next stage of warfare: drones.
Greek bank head sent savings abroad - Financial Times | Do as I say, not as I do: "I'm on holiday and I don't plan to say anything more until I come back to Athens." The transfer itself is legal, but it begs the question as to why anyone should have assets in the country's banks if a leading banker chooses not to have his assets in the country's banks.
Food production and nature - Counterpunch | Without coordinated governmental action, we can expect a replay of the disastrous rise in food prices of 2008 which caused desperate, hungry people to riot in 28 countries. They weren't rioting for democracy; they were rioting for food.
US, Israel arranging roles in Iran war theatre? - Russia Today | Surely not. Right? Hello? Anyone?
Is the nanny state in Montgomery working? - The Washington Post | "Many of the health regulations were put into place without much thinking about evaluation." Could be said for most of the regulations on the books, right?
Did somebody repeal the laws of mathematics? - Grant Williams via Zero Hedge | 2 years ago, it was believed that Spain was too big to receive bailout funds. Now? Meh.
The Federal Financing Bank continues to use off-balance-sheet financing to further its goals - Bruce Krasting | Your money is being used to help finance the Post Office, electric cars, solar and wind start-ups, and rural utilities. 2 of these are total losers. No one knows what the money is being used for with the rural utility grants. Only the electric car investment seems to have a payoff...but when? Who really benefits from these actions?
Defunct Olympic sports - DayRiffer via Never Yet Melted | Imagine the color commentary from the bozos at NBC during the dueling pistols semi-finals.