Daily Digest 8/21 - The Unemployed Speak, India's Functioning Anarchy, Rethinking Government

• What You Don't Get About The Job Search: The Unemployed Speak
• Biden Says China, US Share Global Responsibilities
• Libya's Gaddafi Scorns Rebel 'Rats', Blames France
• India's Functioning Anarchy
• Treasury Rally Pushes Yields to Record Lows
• In Silicon Valley, the Night Is Still Young
• Rethinking Government: A Smarter Way to Put Out Fires
• Laser Advances in Nuclear Fuel Stir Terror Fear

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Economy

What You Don't Get About The Job Search: The Unemployed Speak (jdargis)

As your job search drags on, even your friends and family are going to wonder what is "wrong" with you. Of course this is mostly motivated by sheer terror that they are going to be in the same position, despite their assurances that they are too smart or good at their job to be in your position. They may be right in some instances, but the upshot is that no one has real job security anymore, and it is devastating to many people to find out that they are totally disposable in a game they thought they could win. At least the currently unemployed know there is no winning anymore, just damage control.

Biden Says China, US Share Global Responsibilities (jdargis)

Vice President Joe Biden says the United States and China need to recognize their mutual global concerns and responsibilities and ensure greater fairness in trade and investment conditions.

Libya's Gaddafi Scorns Rebel 'Rats', Blames France (jdargis)

Gaddafi made the remarks in a live audio broadcast over state television early on Sunday, adding the rebels were "bent on the destruction of the Libyan people."

India's Functioning Anarchy (jdargis)

Many of India's new MPs - several of whom had been educated in England and observed British parliamentary traditions with admiration - revelled in the authenticity of their ways. Indian MPs still thump their desks, rather than clap their hands, in approbation. When bills are put to a vote, an affirmative call is still "aye", rather than "yes". An Anglophile Communist MP, Hiren Mukherjee, boasted in the 1950s that British Prime Minister Anthony Eden had commented to him that the Indian parliament was in every respect like the British one. Even for a Communist, it was a proud moment.

Treasury Rally Pushes Yields to Record Lows (jdargis)

“Clearly growth continues to be extremely weak,” said Larry Milstein, managing director of government and agency debt trading in New York at R.W. Pressprich & Co., a fixed-income broker and dealer for institutional investors. “There’s still concern for what’s going on in Europe. Despite the downgrade by S&P, investors are looking for safety, and that’s clearly in the Treasury market.”

In Silicon Valley, the Night Is Still Young (jdargis)

Yet, for all the outward optimism, even before the recent gyrations on Wall Street, old fears have been creeping in, nagging memories of the dot-com bust. You can sense it at cocktail parties in Menlo Park, at business conferences in Redwood City, inside the hipper-than-thou offices of young Web companies in San Francisco. Maybe, just maybe, these good times won’t last, and it will all come crashing down again.

Rethinking Government: A Smarter Way to Put Out Fires (jdargis)

Believe it or not, there was a time when government ran a surplus. Even today, in this economy, there are municipalities that consistently close out their annual budgets with a surplus. Somewhere along the road of good government, the concept of a "profit" became a bad idea. Most taxpayers would argue that government is not a business, but in the same vein they would like to see government operated more like a business.

Energy

Laser Advances in Nuclear Fuel Stir Terror Fear (jdargis)

Iran has already succeeded with laser enrichment in the lab, and nuclear experts worry that G.E.’s accomplishment might inspire Tehran to build a plant easily hidden from the world’s eyes.

Backers of the laser plan call those fears unwarranted and praise the technology as a windfall for a world increasingly leery of fossil fuels that produce greenhouse gases.

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