Obama Didn’t Know???

October 28, 2013

Yeah right …

The Humiliation Is Complete: China Complains NSA Phone Taps “Violate Leaders’ Privacy”

While the “indignation” by America’s allies will come and go, the punchline in the overnight response to NSA’s ongoing reputational hammering came not from Europe, but from China.

  • CHINA FOREIGN MINISTRY SPOKESWOMAN HUA CHUNYING COMMENTS ON NSA
  • CHINA SAYS NSA PHONE TAPS VIOLATE LEADERS’ PRIVACY

Because when even China makes fun of your spying practices, it’s probably time to call it a ballgame.

And how about spying on the American people, IRS and the Tea Party. Does anybody know what it is that Obama might know except PARTY?

And what happens to the missing Obamacare girl, she was disappeared from the official website … You remember the girl right behind Obama at the Sham WOW Obamacare rollout? Was she the last Weiner girl?

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China Smog

October 21, 2013

china-smog

People ride along a street on a smoggy day in Daqing, Heilongjiang province, October 21, Choking smog all but shut down one of northeastern China’s largest cities on Monday, forcing schools to suspended classes, snarling traffic and closing the airport, in the country’s first major air pollution crisis of the winter.


There Goes Your Money

October 18, 2013

Dollar Fades on Fed Worries… Yields on the 10-year Treasury note, which move inversely to prices, were down to 2.55%, while the dollar continued its slide against the euro, which rose to $1.3695 from $1.3675 late Thursday in New York, edging closer to this year’s high of $1.3711 reached on Feb. 1. The dollar fell further against the pound, which traded just above the $1.62 level for the first time in two weeks, and resumed its drop against the yen, fetching ¥97.65 from ¥97.93.

Printing money does nothing except cause inflation …

 


I Wonder What This Means?

October 17, 2013

SHOCK CLAIM: CHASE Bank Limits Cash Withdrawals…
Bans International Wire Transfers On Some Accounts… Developing…

Buying gold??? I suppose you want to use untraceable cash … Buy real coins.


What Happens When The Slaves Quit

October 9, 2013

Interesting predictament …:::  Young Chinese Workers Don’t Want To Work In Factories Anymore.

“Broadly speaking, this is a good thing for most Chinese, but for the country as a whole it’s a major shift, and it’s happening very quickly. The big question is whether it will be able to adapt soon enough.”

China is a communist country, so do the people have any choice?


Dawn of the Drone Wars

September 22, 2013

Drones in the air, but what are they doing. Guarding our borders, NO … Why would we do something as samrt as that?? Imagine how many arrests INS would have to make.

And what would we do with all the people.

Read the rest of this entry »


Is Income Inequalty The Result Of Free Trade?

September 22, 2013

THE RESULT OF FREE TRADE?

It’s not just wages. In fact, in many ways wages are the least of the problems; wages can be finessed with transfers or the higher consumption possibilities created by trade. Rather, I’d argue that the biggest problem is simply the disappearance of reliable jobs. A large swath of Americans without college diplomas have no sense that they can build a stable life for themselves. Even if you get a job at $9 or $10 an hour, it could disappear at any moment, and you could be back to minimum wage, or nothing.

Yet if trade is the problem, a policy solution isn’t obvious. When there’s a surplus of workers, and employers are competing with even lower-wage labor, then unions or higher minimum wages are a recipe for unemployment, not prosperity: Some workers are better off, but others work for manufacturing firms building products on thin margins — companies that eventually give up and move their operations to China. Protectionism might benefit those workers, but creates other big problems, like giving domestic manufacturers an oligopoly to exploit with high-cost, low-quality products. Then there’s the fact that we’re helping comparatively rich Americans by dooming comparatively poor Chinese people to lose their jobs.

Nor do transfers seem ideal — necessary, maybe, yet also curiously inadequate. A disability check is a poor substitute for a job, from both the recipient and the taxpayer’s perspective. The sort of person who prefers a disability check to a decent job is the only person we don’t want to help.

Related: Chart of the Day: Median income in DC vs the rest of us.


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