Yesterday, I went to the mall. This is not a new occurrence. I go to the mall almost every day. It is where the grocery store and the office supply store are, as well as the Starbucks and many, many restaurants. To get to the mall, I ride for about 10 minutes on a mini-bus, filled with people heading in my direction. Yesterday, the driver stopped on the way to fill up his tires. The compressor was owned by a guy who had set up a little business for himself on the side of the road. That’s also no big deal.
It’s an election year. That must mean it’s time for Congressional representatives to announce support for ridiculous Constitutional amendments and for state leaders to instill fear in the population by creating all sorts of boogeymen, like (imaginary) undocumented Mexicans running roughshod in the Arizona desert, beheading (imaginary) poor, unsuspecting, hardworking, freedom-loving, salt of the earth Americans.
Which has me wondering: why is discussing problems and solutions like grown ups so unpalatable in America?
I should make clear from the outset that I am not an economist. So this post is more of a question for those of you out there who actually know something about the way economies, and more specifically financial investments, work.
When I want to learn about something, I generally start with my good friend, the Google. Depending on how much I want to know, it can stop there, or lead me to the local public library. Sometimes, when I want to know a lot about one particular thing, I even head for one of the university libraries in town.
They get six years of free reign during which they drive the country into a ditch. Not just any ditch, either--a snow-filled ditch with a pond of thin ice at the bottom, far, far away from the nearest gas station.
Then, they start losing. So, instead of asking themselves why they are losing, they double down, and lose some more.
Right after the election was over, I started a series of posts called Stuff I Learned, about the history of American presidents, as I read a book called The American Presidency. I didn't get very far into the book, and now I can't find it. I'm not all that worried about finishing, not being a fan of non-fiction.
So, at least for now, I won't be sharing with you the stuff I learned about American history. Instead, I'm hoping you'll share with me stuff you already know, because I'm confused.
By Shaun Walker in Moscow, The Guardian, Oct. 24, 2014
Vladimir Putin used a meeting with foreign journalists and Russia experts to rail against the United States and the current world order, blaming Washington for many current global problems, including unrest in Ukraine and Islamic terrorism.
Putin said that over the past two decades, the US had behaved as if it were someone “nouveau riche who had suddenly received a lot of wealth – in this case, global leadership”. Instead of using its powers wisely, said Putin, the US had created a unilateral and unfair system [....]
Goldman Sachs (see The Great American Bubble Machine) and Blackstone to the rescue of "undermanaged from a yield perspective" housing built with public funds for the poor/disabled in cash starved Spain:
This is something I have noticed here in Florida. I also think Fox News is losing it's viewers for the same reason.
Midterm elections are all about turning out base constituencies. Over the last few decades, there have been few more reliable voters for Republicans than white evangelical Protestants. This year, however, GOP candidates may be getting less help from this group—not because white evangelical Protestants are becoming less supportive or less motivated, but simply because they are declining as a proportion of the population, even in Southern states.