GLEANINGS FROM THE PASSING SCENE … (Politically Uncorrected)

alfred_e-_neumannThe week’s production:

The culture: How the modern consumer differs (Article) (More diverse ethnicity, poorer)

California: Orange County joins San Francisco/Los Angeles homelessness affliction (Article)

The Empire: U.S. to site missiles in Asia? (Article) (Scary, risky and why, when they can be fired from submarines?)

Science: Surgery delays menopause up to 20 years (Report)

Corruption: Big paydays for Roundup (weed killer) unproven cancer claims? (Report)

California wants to teach kids that capitalism is racist? (Article)

The war on cryptocurrency: Regulation begins? (Article) (Governments hate competition)

Air travel: Airlines are shrinking seating spaces again (Article)

Corruption: Thieves selling stolen goods on Amazon (Article)

Chicago corruption on display (Article)

Russia filed election interference claims against the U.S. and Germany (Report) (Putin has a sense of humor?)

The economy: New, untested managers at helm of the New York Federal Reserve (Article)

Surveillance: Aerial snooping in U.S. cities (Report)

The economy: Why “End the Fed” ? (Article)

The culture: America will not remain a free and open society any longer (Article)

The economy: Global debt will spread next financial failure into a world collapse (Article)

Politics and the Economy: A realist’s rant over current reality (Article) (You won’t like it; can you  shoot it down?)

Government: U.S. government demands blanket access to private encrypted data (Report)

The economy: Predicting the Federal Reserve Lottery

Yemen: Corruption propels destruction (Article)

Science: Huge, hidden galaxies newly found (Report) (But no dark matter …)

Instagram “Trusted partner” caught harvesting vast personal data to create detailed dossiers (Article)

 China: Update (Article)

Government: Huge fines, homes taken for below standard lawn care? (Article)

Science: Update on earth’s magnetic pole reversals (Report)

The culture: Is it time for a national knife ban? (Article) (Are’nt cars the real killers?)

The economy: The Federal Reserve is trapped; it’s the debt, stupid! (Article)

The war on the internet: Pending Presidential Order clamping down? (Report)

The economy: The Federal Reserve is repeating the run up to the Great Depression? (Article)

The European Union is about to put warning labels on Jewish-made products (Report)

Russia: Nearly 50,000 protest for free elections in Moscow (Report)

AFL-CIO leader supports illegal immigrants? (Article)  (Democrats must be more important than union members ….)

Chicago: 7 killed, 46 wounded in weekend shootings (Report)

A naked man was arrested for shooting at a gas station (Report)

And that’s all …

 

EDITORIAL:  Fake News and a Trumped-Up Economy

Current wisdom has it that the Prez wants to preserve the illusion that he presides over economic success at least until after November, 2020. We wish him luck with that. Hoover had it easy in 1929 compared to what’s in store. But out here in reality away from Washington D.C. and the propagandists who have replaced the old newsfolk, we need to look at what is real, since that’s where we have to live.

The revised unemployment numbers no longer report all the unemployed but the somehow seldom quoted U.S. Labor Force Participation Rate shows clearly that “full employment” is less full than once it was.  And while we hear about the all too visible homeless on our city streets, we hear comparatively little about the twice as many trying to survive by Living in their vehicles.  The American middle class is shrinking. It is simple enough, high cost producers are replaced by lower cost competitors until they find monopoly products or new ways to compete. They cut costs any way that they can, unlike governments. But admitting such realities won’t get you reelected these days, best fake it past the next election. Reality can wait … until it won’t wait anymore.

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much)
This entry was posted in Economics, Goverrnment, Politics, Uncategorized and tagged , , . Bookmark the permalink.

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