Daily Digest 4/7 - The War Against Youth, Recovery Lags Where Housing Once Boomed, Could 'Pink Slime' Be Rebranded?
- U.S. Economy: 19 Signs Of Very Serious Economic Trouble Ahead
- The War Against Youth
- U.S. Offers $10 Million Reward for Pakistani Militant Tied to Mumbai Attacks
- Where Housing Once Boomed, Recovery Lags
- Supreme Court Ruling Allows Strip Searches for Any Arrest
- New Script Calls For More U.S. Quantitative Easing
- Heirs To Old Money Plunge Into Tech
- Inter-Regional Trade Movements of Petroleum to and from Africa: Part 5
- Could 'Pink Slime' Be Rebranded?
The rest of the nations of the eurozone are also now implementing austerity measures, and most of them are also starting to fall into recession. The economic pain in Europe is just beginning and it will go on for quite a long time.
The War Against Youth (jdargis)
David Frum, former George W. Bush speechwriter, had the guts to acknowledge that the Tea Party's combination of expensive entitlement programs and tax cuts is something entirely different from a traditional political program: "This isn't conservatism: It's a going-out-of-business sale for the Baby Boom generation." The economic motive is growing ever more naked, and has nothing to do with any principle that could be articulated by Goldwater or Reagan, or indeed with any principle at all. The political imperative is to preserve the economic cloak of unreality that the Boomers have wrapped themselves in.
But the reward is likely to further strain relations with Pakistan, which are currently being renegotiated after a border clash in November in which American warplanes killed 24 Pakistani soldiers. And it met with a contemptuous reception among Mr. Saeed’s supporters, one of whom described the reward as an “April Fool’s joke” and ridiculed the notion that Mr. Saeed was a hunted man.
Where Housing Once Boomed, Recovery Lags (jdargis)
A growing body of research suggests that the recent recession may have brought an enduring shift in the geography of American growth. Places like Gwinnett County near Atlanta, Lake County, north of Orlando, and San Joaquin County in California’s central valley, where housing booms were fueled by borrowed money, may now become long-term laggards under the weight of those debts.
The federal appeals courts had been split on the question, though most of them prohibited strip searches unless they were based on a reasonable suspicion that contraband was present. The Supreme Court did not say that strip searches of every new arrestee were required; it ruled, rather, that the Fourth Amendment’s prohibition of unreasonable searches did not forbid them.
“Quantitative easing” is nothing but a 21st century euphemism to replace a 20th century euphemism: “monetizing debt”. Those with any understanding of language realize that euphemisms are expressions we create when we want to (more or less) lie about a subject – because telling the plain truth is too unpalatable.
Heirs To Old Money Plunge Into Tech (jdargis)
Justin A. Rockefeller, 32, the fourth-generation descendant of John D. Rockefeller, the oil tycoon, is a partner at the venture capital firm Richmond Global and a director of business development at Addepar, a financial software start-up. The real estate heir Joshua Kushner, 26, helped to found Vostu, a large Brazilian online game company, and recently raised $40 million for his own technology investment firm, Thrive Capital.
While many of them don’t know how to program code, they have a powerful combination in the start-up scene: wealth, wits and a well-connected family.
In the past decade, Africa's inter-regional exports of petroleum have shifted away from Europe and the remaining Asia Pacific region (which excludes China and Japan), towards North America, China and to a much lesser extent, South America (Figure 12). If these trends continue, by 2021, Africa’s number one and two export destinations would become North America and China, respectively, with Europe in third place.
Could 'Pink Slime' Be Rebranded? (jdargis)
Industry chiefs are furious about what they see as a media-led smear campaign against a product that has been used in the US since the early 1990s and meets federal food safety standards.
Earlier this week, they launched a fight back - unveiling a new slogan "Dude, it's beef" and enlisting the help of Texas governor and former presidential candidate Rick Perry, who dutifully chowed down on a burger containing the stuff on a visit to a processing plant in South Sioux City, Nebraska.
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