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Thursday, August 25, 2011

"Bubbles are usually associated with greed. This run-up is more
associated with fear," Clark says. "This is more of a fear mania.
There's more upside."

http://m.usatoday.com/article/money/50126554?articlePage=1

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Monday, August 15, 2011

In most cases, he says, the middle class suffered depressed income for
a long time after the crisis, while the top 1 percent were able to
protect themselves—using their cash reserves to buy up assets very
cheaply once the market crashed, and emerging from crisis with a
significantly higher share of assets and income than they'd had
before.

http://m.theatlantic.com/magazine/archive/2011/09/can-the-middle-class-be-saved/8600/

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for the 50 years after World War II, to be a president, mayor,
governor or university president meant, more often than not, giving
things away to people. Today, it means taking things away from people.

http://mobile.nytimes.com/2011/08/14/opinion/sunday/Friedman-a-theory-of-everyting-sort-of.xml

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Friday, August 12, 2011

I believe that the biggest problem that humanity faces is an ego
sensitivity to finding out whether one is right or wrong and
identifying what one's strengths and weaknesses are.

http://m.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy

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Nothing brings down the deficit more quickly than getting the
unemployed back to work.

http://m.newyorker.com/online/blogs/johncassidy/2011/08/why-standard-poors-got-the-downgrade-right.html

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Wednesday, August 10, 2011

The purpose of shrinking government was to reduce debt. But the effect
has been to kill the economy.

http://m.theatlantic.com/business/archive/2011/08/anarchy-and-austerity-why-london-wont-be-the-last-city-to-burn/243435/

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The big question, 10 years later, is whether things have improved or
worsened for those in the bottom third of the income distribution, the
people who clean hotel rooms, work in warehouses, wash dishes in
restaurants, care for the very young and very old, and keep the
shelves stocked in our stores. The short answer is that things have
gotten much worse, especially since the economic downturn that began
in 2008.

http://www.tomdispatch.com/post/175428/tomgram%3A_barbara_ehrenreich%2C_on_americans_%28not%29_getting_by_%28again%29/

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Tuesday, August 09, 2011

It's almost as if he is trying to be the exact opposite of Bush --
all brains, no guts.

http://www.google.com/gwt/n?u=http://www.huffingtonpost.com/cenk-uygur/obamas-tipping-point_1_b_921805.html

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Friday, August 05, 2011

Before the coming of the railways, and the buses, and the motor car,
when it was not uncommon for isolated farms to be a day's walk from
the nearest shops, the closest many people got to a department store
was when a wandering peddler came to call.

http://blogs.smithsonianmag.com/history/2011/08/04/the-last-of-the-cornish-packmen-2/

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Thursday, August 04, 2011

Is man the rational animal? More and more what he thinks about—if he
is middle class; if he has been to college; if he has read the right
books—is how to go on living. He concocts strategies ostensibly for
the prolongation of a healthy life.

http://chronicle.com/article/Health-Now-A-Provocation/128398/

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At a certain point, when only the relatively rich can afford to not
ingest bovine growth hormone on a regular basis, appreciating food and
where it comes from becomes a bourgeois endeavor akin to collecting
Fabergé eggs.

http://m.theatlantic.com/life/archive/2011/08/the-folly-of-bourgeois-sustainable-food/243019/

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