Cooling climate bad for food prices.
And speaking of food prices, a friendly little reminder.
Governments that can’t spend money in a rational manner can’t save money in a rational manner.
Speaking of which, here are some interesting facts on California’s budget.
And coming soon to a country near you is this. More rational then letting criminals go but it is not going to be pretty.
On a lighter note, engineers and their toys.
Macro Man has some interesting facts on China’s buying spree. Note that even though China’s oil supplies are only back to trend they are probably still stocking up. Judging by their electrical consumption, their use of oil should be way down instead of an ever upwards trend line.
Update on California’s problems. More from Calculated Risk.
Good food is very important. But 3 cooks who each make a $160,000 a year seems a little excessive for one submarine. Reading between the lines, the sub was poorly designed and they are trying to fix that by throwing money at the problem.
A hobbit like house. Worth checking out if you want to do things on the cheap.
Another perspective on “March 14” victory in Lebanon.
Its smarter then buying dollars. But will it end well?
The GOP retakes NY senate with help from New York City democrats. That is a headline I never thought I would see. We will see if it holds up.
Elections in Europe. The beginning of the prologue of the crisis of authority.
Elections in Lebanon. Apparently I read all the wrong people. I thought Hezbollah’s bloc (the so call March 8 group) was going to win.
It is something of a surprise to see Robert Reich coming out against the bail out of General Motors. But he makes a fair case that bailing out General Motors does not advance liberal ideals, much less conservative ones.
Where is Andrew Jackson when you need him? He would have said “The Court has made it’s decision, now let them carry it out”
So torture is all right as long as you have a court warrant? It seems to me that if this was done to extract a confession everyone on the left would be screaming bloody murder.
If this goes through, it might help New York pension’s problems. But one has to note that the only way problems can be addressed in this country is by making future generations pay. Never are the people who caused the problem called upon to make sacrifices.
In the long run, regime change does not change much. Either for good or for ill.
The United States would recover most of its planned $50 billion investment in General Motors within five years, according to a preliminary Treasury Department estimate that foresees the company, now on the brink of bankruptcy, rebounding over that time to become a strapping global competitor.
I wounder how GM will become a global company when it will probably not be able to sell cars in Europe for a long time. If you read the whole article, you will see that the US was so confident of GM ability to compete that they made the German’s swear that Opel would not be allowed to sell cars in the US. It seems to me that the EU would be well with in its rights to demand that GM not sell cars in Europe.
Also, if you read the article you will see that US government seems to be planing on pulling some (most?) of GM production in China back to the states. How well do you think that is going to go over in China and how much luck do you think GM is going to have exporting cars to Asia?
Nowadays, a 138 billion dollar drop in revenue seems kind of small.
How we can avoid bailing out California when we are giving GM 50 billion?
After all, think of all the mentally ill who will be put on the streets if we don’t bail out California.
A reminder that playing games with figure eventually catches ups to you.