QUANTITATIVE EASING MAY BE EASING THE U.S. ECONOMY INTO AN INFLATION CYCLE.
(Counterpucnh)
The generating of “new money” in the Federal Reserve QE program is arguably fueling a “recovery” in Wall Street stock prices and the bottom lines of banks and other corporations. A few “grumblers” and doubters, many affiliated with the bond market which is responsive to inflation and deflation developments, are arguing that the “price” for all this “easing” is likely to be paid by American consumers as they see a rise in the amount of “eased” money they have to pay for goods and services.
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IS OBAMA’S BUNGLING ON EGYPT GOING TO CAUSE THE U.S. TO “LOSE” THAT COUNTRY? IT’S ALL ABOUT US, ISN’T IT?
(Antiwar.com)
In what looks like a replay on the long-ago public obsession about how a Democratic administration “lost” China to the communists, Steven LaTullipe finds an alarming recurrence of that kind of “thought” among commentators on the ongoing Egyptian revolution. Seemingly oblivious to the rightful grievances of the Egyptian people, both the presidential administration and its foreign policy critics seem to operate on what LaTullipe calls a “psychopathic” lack of empathy for other people. (I had to kill my Mom, she wouldn’t give me money to buy beer—we have to maintain “stability” in Egypt or we might lose access to the Suez Canal or Egyptian oil or an ally of Israel: realpolitik you know.)
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AUSTRALIA HAS ITS OWN VERSION OF CINDY SHEEHAN.
(News.Au)
The mother of WikiLeaks founder Julian Assange, an Australian national, protests at the office of Foreign Minister Kevin Rudd that the government has done nothing to protect the interests of a citizen by protesting the arrest of Assange in Sweden and his impending extradiction to the U.S. She complains as well that a recent popular book about Assange contains such slanders against her sonas at he abused his cat and thought women were to the kept in their “place.”
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ARE U.S. HOSPITALS GOING TO ENGAGE IN “RANDOM NICOTINE TESTING” IN SCREENING OF THEIR EMPLOYEES
(New York Times)
It may be coming to that as an increasing number of hospitals, frustrated with efforts to promote non-smoking of their employees to improve their health, are making as a reason for employment rejection an applicant’s admission that he/she is a smoker. Will it escalate beyond this “ask but I won’t tell” scenario to the point that employees will have to prove that their bodies are nicotine-free?
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FLORIDA GOVERNOR TRYING TO TURN VOTING RIGHTS ACT ON ITS HEAD.
(So. Fla. Sun-Sentinel)
The 1965 law, designed to promote equal access of blacks with other Americans to the electoral process, required that the Justice Department do a “pre-clearance” on any state’s plan to re-draw electoral districts following the latest decennial U.S. Census. With Florida voters now mandating that “fair” districts be drawn up to eliminate the state’s rampant gerrymandering designed to ensure GOP political control, the GOP Governor plans to use the law to delay if not totally frustrate this mandate by making final re-districting action follow a lengthy “pre-clearance” project. ACLU official says this is turning an act designed to protect minorities on the its head in an effort to deny political power to the majority of Democrats in the state.
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Quote of the day…
Julian did not even get the laptop you had publicly promised him which he needed to prepare for his case while he was in Wandsworth Prison. As far as I am aware you have made no diplomatic protest to Sweden for their abuse of my son’s legal and human rights, nor have you protested to the US for their incitements to kidnap and murder.
Christine Assange, in letter to Australian Foreign Minister Kevin Rudd.
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