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POPSFinancial reforms lacking, new crises loom The following paragraph wouldn't clip for some reason: "Easy money has negative consequences in addition to the risk of inflation and devaluing the dollar. It can also feed asset bubbles. In recent years, we have gone from one bubble and bailout to the next. Each bailout has rewarded those who acted imprudently. This has encouraged additional risky behavior, feeding the creation of new, larger bubbles."
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POPSFinancial elites still in charge This is no surprise. See pp. 68-73 in "Financially Stupid People Are Everywhere: Don't Be One of Them" for some background, and an explanation of why it always goes this way.
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POPSMilitary-industrialists achieve their dream This is what corporate influence in Washington buys. It's gone on so long that people barely even notice the lack of justification anymore. The very word "war" has been so abused that it no longer implies catastrophe or ultimate sacrifice. It's just a constant backdrop, president after president, place after place, no benefit in sight.
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POPS6 of 10 U.S. families depend on government What a proud nation. I just sent my 2009 contribution in and, best I can tell, here's what I get in return: <> wars for nothing <> a health care system that's still shot but now mandates me to buy a plan from private insurance companies that are not required to control premium price increases <> an energy infrastructure still based on fossil fuels, even new offshore drilling from a supposedly environmentalist president, and little progress on nuclear or other alternative energies that don't pollute <> runaway education costs The only government services I use I pay for separately: highways via gasoline taxes, and mail delivery via stamps bought from the USPS. I supposed the police and fire departments are funded by my taxes, but those are local taxes, which are also confiscatory. No wonder it's so hard to become financially free in America.
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POPSGovernment of bad policies and bad politics Concluding paragraph: "What we have at the moment is the equivalent of a company with no good engineers and a lousy marketing team. We're producing low-quality products that no one wants to buy. That is not a recipe for long-term success, in business or politics."
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POPSJapan Eliminating Bluefin Tuna I live in Japan and this has been the most frustrating thing to watch. The fishermen are unbelievably selfish because they're not preserving their way of life, they're simply extending its inevitable change by a few years until the fish are extinct, and THEN they'll change. So, for a few more years of working the way they do, they're driving the fish their fellow countrymen love to extinction. They defend it as part of Japanese culture, but by refusing to halt or slow their fishing of the endangered fish, they will permanently remove it from Japanese culture. As for the environmental sadness of losing a fish that's been on Earth since before the continents formed, nobody even mentions that.
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POPSHealth-care bill lets both parties down The winner is the insurance industry, as anybody who's been watching Washington for a while knew months ago. Just follow the money. The insurance lobby spent far more than any other during the shaping of this disaster, but now they don't look like the bad guys who blocked health care reform. It's a perfect victory for them. Reform passed, goes the headline, but quietly the insurance industry is better off than ever, while the initial problem this legislation was supposed to solve is left unsolved. Ours is a dying empire. Get yourself ready.
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POPSFed saved AIG to save Goldman More evidence of the timeless collusion between government, banks, and big business. Treasury Secretary Tim Geithner is a wholly-owned property of Goldman Sachs.
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