New unemployment claims fell again last week setting another new record since the Bush economic collapse. The Federal Budget deficit continues to fall, not so much from spending cuts but from increased revenue as the economy continues to improve despite the efforts of Republicans.
Senator Elizabeth Warren has introduced a bill that would require Federally backed student loans to be issued at the same rate that the Federal Reserve lends money to billionaire owned banks. Good luck with that.
Prairie2: Bits, pieces and body parts
Glenn Greenwald: Israeli bombing of Syria and moral relativism
On Sunday, Israel dropped massive bombs near Damascus, ones which the New York Times, quoting residents, originally reported (then evidently deleted) resulted in explosions "more massive than anything the residents of the city. . . have witnessed during more than two years of war."
The Jerusalem Post this morning quoted "a senior Syrian military source" as claiming that "Israel used depleted uranium shells", though that is not confirmed. The NYT cited a "high-ranking Syrian military official" who said the bombs "struck several critical military facilities in some of the country's most tightly secured and strategic areas" and killed "dozens of elite troops stationed near the presidential palace", while the Syrian Observatory for Human Rights said that "at least 42 soldiers were killed in the strikes, and another 100 who would usually be at the targeted sites remain unaccounted for."
Prairie2: Politics continues to trump science and even common sense
The Obama Administration's FDA is attempting to sidestep a Federal Judge's ruling removing all restrictions on the sale of the Morning After Pill. The so called Plan B contraceptive will now be sold on the same shelf with condoms and similar products, but will still be age limited contrary to the Court ruling.
The age will be lowered to 15, but anyone attempting to make the purchase will be required to show a valid ID to complete the transaction as the product scan code will alert the checkout clerk. This FDA rule only applies to the 'Plan B' trademarked drug, generic versions will continue to sold only from behind the pharmaceutical counter to age 17 and up, also required to 'show papers please'.
Bob Alexander: The Frog and the Scorpion
The origin of the story, The Frog and the Scorpion, might go back to the ancient Sanskrit traditions collected in the Panchatantra, but I first heard the tale while watching a bootleg copy of the 1955 Orson Welles film, Mr. Arkadin forty years ago.
A frog and a scorpion meet on the bank of a stream and the scorpion asks the frog to carry him across on its back. The frog asks, “How do I know you won’t sting me?” And the scorpion says, “Because if I do, I will drown too.”
Prairie2: This is the end, Hold your breath and count to ten....
A Big Box Store owned sweat shop in Bangladesh collapsed into a twisted pile yesterday, 90 known dead and hundreds still missing. When I say the Walmarts of the world own these sweat shops, I mean it in an economic sense, not in the paper fiction consisting of layers of corporate ownership that they hide behind to evade criminal responsibility. If you or I did the things the Walton family have done behind the bureaucracy of their corporate holdings we would never see the light of day again.
That's not to say they are the only ones doing this, the decriminalization of mergers & acquisitions by the Reagan Adm has put most of the world's corporate holdings in the hands of sociopaths.
Prairie2: Bare Boobs Kill! No, actually it's Right-Wing boobs that kill
The blast in West, Texas produced a yield equivalent to about a kiloton of TNT. They know this by measuring the size of the mushroom cloud. You see they did so many open air nuke tests in the 40s and 50s that there is actually a formula for this. The amount of anhydrous (dry) ammonia gas in the tanks was enough to yield 1.2 kilotons if it was all consumed in the blast.
This was 1350 times what was allowed by Federal regulations, but since the Reagan Administration it's been up to the states to enforce these sort of work place rules. We don't know yet if the massive amount of ammonia nitrate also stored on the sight played any roll in the blast, it's an oxidizer and won't explode unless mixed with fuel oil.
Prairie2: The value of canned goods has collapsed?
Gold closed at $1355/oz today, nearly $600/oz below its peak less than two years ago. I said then, sell, sell. Man did I get the mail from the gold bugs. I was just crazy, hyper-inflation was going to happen any minute, the USD would be worthless, and gold would be $10,000/oz within months.
The pundits are blaming gold's collapse on reduced growth in China, as if 8% annual growth was bad. As I recall the imminent collapse of the Chinese economy was one of the compelling reasons to buy Glenn Beck's gold.
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