The markets all tanked again today on ginned up fears that the Federal Reserve is raising interest rates. But it was gold that fell right through the floor losing well over 5% in one day to $1280 per oz.
Gold has lost a third of its value from the peak when the Gold Bugs were sending me nasty mail about me advising people to ignore Glenn Beck.
This week's new unemployment claims jumped back up again, but they're still not so high as to be a real problem.
Prairie2: Birds of different feathers chase different bugs
Bev Harris: Nope, this wasn't Zimbabwe, it was Florida.
Two vaults being used in a special election for the Florida House were stolen last week. Unbeknownst to the burglars, they were caught on videotape. The vaults contained a voting machine, the electronic storage device containing all early votes cast, and 850 blank ballots. The motive isn't immediately clear, but here is what we know so far.
In this report, I've gathered some of the answers needed to examine how the burglary might have affected the election.
Bob Alexander: Nowhere Near the Road to Damascus
I Have Seen the Light! Glory Gee to Beezus I Have Seen the Light! And since being filled with this Grand and Glorious Light I feel compelled to share The Good News of my Epiphany to everyone I know.
Pretty scary opening eh? I remember hearing similar words coming out of the mouth of a friend of mine after he had accepted Jesus Christ as his own personal redeemer and new invisible best friend. It was abso-freakin’-lutely terrifying. One day he was just a regular guy kickin’ around Hollywood trying to pick up a job here and there when WHAMMO!
Bob Alexander: Nothing Bad Happens in This Story
It all started back in 1944 when a group of high-powered Democratic hacks couldn’t pressure FDR to drop vice-president Henry A. Wallace from the ticket. The corrupt Democratic machine knew Roosevelt wouldn’t survive a fourth term and they wanted their favorite weasel Harry Truman in the number two slot ready to carry out their agenda the moment the president dropped dead. But Roosevelt held firm, kept Wallace on the ticket, and easily won the party’s nomination and then the national election.
In his last State of the Union address Roosevelt introduced a "Second Bill of Rights" which would complete the Founders' vision of ensuring all Americans equality in the pursuit of happiness. Millions were listening spellbound when Roosevelt said, “In our day these economic truths have become accepted as self-evident. We have accepted, so to speak, a second Bill of Rights under which a new basis of security and prosperity can be established for all regardless of station, race, or creed.
Julian Assange: On the First Day of the Manning Trial
As I type these lines, on June 3, 2013, Private First Class Bradley Edward Manning is being tried in a sequestered room at Fort Meade, Maryland, for the alleged crime of telling the truth. The court martial of the most prominent political prisoner in modern US history has now, finally, begun.
It has been three years. Bradley Manning, then 22 years old, was arrested in Baghdad on May 26, 2010. He was shipped to Kuwait, placed into a cage, and kept in the sweltering heat of Camp Arifjan.
Bob Alexander: Forward ... Into the Past
In 1997 Kevin Costner directed and starred in The Postman, a epic post apocalyptic movie that bombed at the box office.
The film begins with this voice-over narration:
The last of the great cities died when my father was a child. Another victim of yet another war. The plagues followed. And the terrors. The living hid themselves away in tiny hamlets in hopes of surviving whatever new madness conspired to rob them of the little that remained. The Earth itself had fallen prey to chaos. For three years a dirty snow fell that even summer could not erase. The ocean was barren. Poisoned. Near death. Sixteen long years passed before the great lungs started working again. My father said it was as if the ocean breathed a great sigh of relief...
A lone wanderer, leading a mule, treks across a barren landscape. The year is 2013.
Prarier2: A Place Upstream, if you can find it
A large sink hole opened in a DC street only blocks from the White House, it turned out to be a washed out sewer line from an improvement project done back in '96, that's 1896. This is not an unusual situation for American cities that are dependent on drainage projects done during during the Progressive Era, or at best during the New Deal. As little as possible has been done to make America work since the Reagan Revolution defined 'government as the problem, not the solution'.
The estimated $3 trillion shortfall in maintenance is just public infrastructure like the thousands of bridges waiting to collapse, but doesn't include privately held assets like high pressure natural gas lines that are nothing but ticking time bombs.
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