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Thursday Evening News Round Up

Been travelling today.

College grads are losing ground on wages. This isn’t good. We need higher wages, living wages for everyone.

Prolonged unemployment is causing and will continue to cause long lasting damage to our society. Everyone is affected. Everyone!

I don’t get it. If children are our future and we, all, believe that children are the foundation of tomorrow then why are we short changing the most important gift that we can give to our children – their education?

BTW, I don’t care if the president backed down on when he would schedule his speech to Congress. I really don’t. We need jobs now. Not tomorrow or next week. Why couldn’t the Republican candidates debate an hour later or two hours earlier? Why couldn’t the president give his speech today and not next week? I don’t care about these macho contests. I care about jobs. Tomorrow we will have another jobs report. I suspect that this is going to be mediocre – with 60,000 – 75,000 jobs added. We need 10 times that much every month for more than two years in order to put 25 million workers (unemployed and underemployed) back to work in jobs that they want at wages that can truly support them. Shame on the media for pushing this non-story and why isn’t the media showing us a daily segment entitled – JOBS???!?!?


Vermont and Connecticut are still struggling with recovery.

For some reason auto sales went up last month. Who would have thunk? I’ll take any economic good news.

From PA:

Libya: “The transitional government of Libya’s triumphant rebels decided Thursday to extend by up to a week the deadline given to Col. Muammar el-Qaddafi and his remaining fighters to surrender, but the fugitive leader rejected the ultimatum and raged at his enemies in a new broadcast that called for the country to be ‘engulfed in flames.’”

Better, but still too high: “Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 409,000, the Labor Department said, still pointing to a jobs market struggling to find strength, but well short of a recession signal.”

Iraq: “Under increased pressure from the United States, an Iraqi crackdown on Iranian-backed Shiite militias has helped produce a previously elusive goal: For the first time since the American invasion of Iraq, an entire month has passed without a single United States service member dying.”

Maybe someone should do something: “The Obama administration downgraded its forecast for economic growth Thursday, predicting turmoil in the economy will likely keep unemployment above 9 percent through next year’s election.”

* On the other hand, the federal budget deficit will run “20% lower than expected this year.” Tea Partiers will be celebrating the Obama administration’s progress on deficit reduction, right?

Counter-terrorism: “On a steady slide. On the ropes. Taking shots to the body and head. That’s how White House counterterrorism chief John Brennan described al-Qaida on Wednesday as he offered the first on-record confirmation that al-Qaida’s latest second-in-command was killed last week in Pakistan.”

* The White House’s new “We The People” online petition initiative looks pretty good.

By |2011-09-01T23:21:17-04:00September 1st, 2011|Economy, Education, Environment|Comments Off on Thursday Evening News Round Up

Thursday Evening News Roundup

  • One thing you can say about the media is that they will always find something to go bonkers about. They have completely forgotten about the earthquake in Virginia and are now focused on the hurricane that is projected to hit North Carolina sometime on Friday. They are also in a tizzy over Steve Jobs’ resignation. It is clear that Apple Computers is not to be the same company without Steve Jobs. He was the one that had the drive, the determination and the vision to create the products that we now associate with Apple Computers. In my opinion, his greatness was in creating a user interface that was beautiful to look at and easy to use.


  • Senator Bernie Sanders has introduced a bill in the Senate to strengthen Social Security. We need more of this.
  • One of the things that is great about writing your own memoir is that you can say whatever it is you want to say. I know that everybody’s been on the edge of their seat waiting on former Vice President Dick Cheney to write his memoir. Well, the wait is over. By the way, how is he staying out of jail?
  • The CIA is editing and re-editing a new book on 9/11. The FBI’s is written by a former FBI agent, an Arab-speaking counterterrorism agent. Ali Soufan should be a name well known to those who have followed the events of 9/11 very closely. He testified in Congress about the torture techniques that were used by the CIA. He stated, without hesitation, that they were unnecessary and counterproductive. If the CIA does not edit the book to death, I’m looking forward to the publication.
  • J.P. Morgan has been fined. They basically broke US sanctions with regards to Iran, Cuba and Sudan. The fine was only $88 million.
  • Fox News shuts down Karl Rove when he begins to describe Sarah Palin as thin-skinned.  I wonder what that’s all about.
  • Robert Reich is calling for a protest on Labor Day. Marches instead of parades. I’m down with that.
  • There’s a growing dissatisfaction against companies who seem to be discriminating against unemployed workers. Please follow the link. This is important.
  • The Bush tax cuts are still contributing significantly to our debt. The CBO has the latest numbers.
  • Mark Thoma tackles the question concerning why the Fed is hesitant to do more to help our economy.


By |2011-08-25T22:04:13-04:00August 25th, 2011|Bush Administration, Economy, Foreign Affairs, Senate|Comments Off on Thursday Evening News Roundup

Never ending war

I’m tired of war. I’m tired of secret prisons. I’m tired of renditions. I’m tired of my government acting like the bad guys and not the good guys.

From the Nation:

The CIA presence in Mogadishu is part of Washington’s intensifying counterterrorism focus on Somalia, which includes targeted strikes by US Special Operations forces, drone attacks and expanded surveillance operations. The US agents “are here full time,” a senior Somali intelligence official told me. At times, he said, there are as many as thirty of them in Mogadishu, but he stressed that those working with the Somali NSA do not conduct operations; rather, they advise and train Somali agents. “In this environment, it’s very tricky. They want to help us, but the situation is not allowing them to do [it] however they want. They are not in control of the politics, they are not in control of the security,” he adds. “They are not controlling the environment like Afghanistan and Iraq. In Somalia, the situation is fluid, the situation is changing, personalities changing.”

By |2011-07-22T23:01:26-04:00July 22nd, 2011|Security, Terrorism|Comments Off on Never ending war
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