Bonddad considers reports that Gross Domestic Product last quarter was down at an “annualized” rate of one percent, rather than the 4.5% that was forecast. His conclusions (follow the link for the full analysis):
2.) The rate of decline in several important areas occurred at a slower rate. Gross private domestic investment decreased at a far slower rate as did exports and imports.
3.) The rate of decline is more along the lines that occurred in the 4th quarter of 2008 rather than the 1st quarter of 2009.
What follows is real. President Obama is having a beer tonight with Henry Louis Gates Jr. and Sgt. James Crowley. But a flap has developed over what kind of beer should be served. Gates wants to drink Red Stripe. Crowley wants to drink Blue Moon. Obama intends to drink Bud Light. But one domestic beer-maker is upset with Obama because Bud Light’s corporate parent is not based in America (nor are the makers of Red Stripe or Blue Moon), and therefore insists that Obama should be serving something that’s all-American, like Sam Adams. What a quandary!
Personally, I don’t think that any domestic beer should be served until each and every brewery worker produces an American birth certificate.
Every ninth-grader knows the U.S. government has three branches. Goldman owns just one of these outright; the second we simply rent; and the third we have no interest in.
What small interest we maintain in the government is, we feel, in the public interest. The financial crisis has its roots in a single easily identifiable source: others’ envy of Goldman Sachs.
The bozos at Merrill Lynch, the dimwits at Citigroup, the nimrods at Lehman Brothers, the louts at Bear Stearns, and even that momentarily useful lunatic at AIG took risks that no non-Goldman person should take, in a pathetic attempt to replicate our returns.
Now we are working with Tim Geithner and Congress to ensure that we alone are allowed to take the sort of risks that might destroy the financial system.
It wasn’t until I arrived in England that I understood this completely. Thirteen weeks before my recent operation, I had given birth at the same London hospital. I was able to hold my daughter for maybe 20 minutes before the midwives and doctors discovered that I had a very serious and rare fourth-degree tear in my perineum. After the finding, I was immediately wheeled into surgery, where for the next three hours, I was stitched up by, I’m told, one of the best surgeons in the field.
(snip)
Indeed there was nothing bureaucratic about any of it. Far from impersonal, I had repeated conversations with the surgeon himself about the injuries and the operations. The clinic’s nurse, a wonderful woman named Ann, held my hand through some seriously uncomfortable pre-operative exams. This Monday, her babysitter called in sick. I know because I talk to her all the time. Not once in any of these encounters did anyone bring up money. Not once was a politician present.
The record-setting 990-foot vessel, which has languished at Pier 82 for more than a decade, was offered for sale in January by Norwegian Cruise Lines for an estimated $20 million.
StevenD reports on the latest crazy conspiracy theory from the wingnut brigade: That the World Health Organization created the swine flu virus so as to commit genocide against honest, godfearing everyone all over the world.
Initial claims for state unemployment insurance benefits rose 25,000 to a seasonally adjusted 584,000 in the week ended July 25, the Labor Department said, a touch above market expectations for a reading of 570,000.
However, the four-week moving average for new claims, considered to be a better gauge of underlying trends as it irons out week-to-week volatility, fell by 8,250 to 559,000. This was the lowest level since late January.
According to the neighbor who heard it from the mail carrier who saw the whole thing, a garbage truck left the street with his little dumpster arms in the air. They snagged the power lines, bringing down the pole. This happened at about 12:30 p. m. The lights came on sometime during the night. Not having any plug-in analog clocks, I’m not sure how long the power, cable, and telephone were off. But it was at least eight hours.
The only non-natural sound on the street during that time was the generator at the house a few doors down; the previous owners fell for the Y2K panic.
The story doesn’t seem to have made the paper, since it didn’t involve a car running into a house.
Casey’s office: “well, I wouldn’t say it’s three republicans. It’s more like the health insurance lobby that he thinks is more important that the rest of the country.”
Me: “hahaha, he certainly is an asshole, could you transfer me to his office.”
My letter to my elected representatives incongruously assembled:
This is to urge you to support health care reform including some form of public option.
Frankly, I believe that the correct act would be to institute a single-payer model, as is used in the rest of the civilized world, but I agree with Mr. Obama that that is a political non-starter. What is indisputable is that the current system, for all that it lines many pockets, does not generate satisfactory or even mediocre health care at a cost reasonable to American society as a whole.