Japan had an earthquake, tsunami and a very bad nuclear accident, with the loss of ten to thirty thousand lives. There has been no mention of possible U. S. insurance claim involvement for Buffet and AIG.
Then we have the Euro, a currency renown for its flatulence. The European Central Bank is going to save the European Union,---from what, they’re not quite sure of at this point. It depends on which country you live in.
The Middle East has people rising up and demanding an end to the tyranny. Our newspapers Stateside, translate that as a demand for Democracy. Where is their middle class, the necessary ingredient for a stable Democracy? Gee, they don’t have one, just a few rich people and a hell of a lot of poor people (that want to be rich).
I’m glad to see Obama finally going after the pirates attacking our shipping. Unfortunately he got his countries mixed up. Somalia, not Libya is where all the hostages are. Thomas Jefferson already did Libya. The UN’s effort to make Libya a “No Fly Zone” is admirable. I hope they include Fruit flies along with House Flies. God bless these UN health initiatives. Kidding aside, getting rid of the present regime will not solve any of Libya’s present social unrest, and it will acerbate survival for many in the country. The UN lost points on this. The Arabs are more into religion than material wealth, and they will remember what the UN (the Christians) did to an Arab brother.
At home, there is a hiring freeze on all new government employees. And if Congress fails to keep on passing one of these temporary budgets every two to three weeks, the Federal Government won’t be able to meet payroll. Government employees are anywhere from 3 weeks to one day away from being layed off. It depends on how close it is to payday. Come Friday, if they tell you not to come to work Monday, you can’t whine about not being paid a week later, now can you?
Our dollar is buying less gas, food and utilities, and that's just not world news. Of course, if you live in the Middle East, you may beg to differ. Bernanke’s inflationary policy is changing the world. Everyone’s currency is buying less. In the US, we cut cable and the extra vacation. In the Middle East, it’s the amount of food on the table that gets cut.
The real news in the world is not about a move towards Democracy, it is revolt against perceived injustice. There is a lot of anger out there. It’s in Wisconsin, Egypt, California, Libya, Illinois, Tunisia, Nevada, Mexico and Florida to name a few.
I’m thinking of discontinuing the newspaper, not much in it any more. The depression is over, we’ve licked inflation, the national debt is no longer a problem and stocks are bouncing off of new highs.