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It seems that we, in the US have now a new class war. There are now two classes of people – corporations and people. People get to vote with their votes once every two years, and corporations get to vote with their dollars all the time. People get kicked out of their house when they are unemployed and bankrupt, and corporations get bailed . . . → Read More: New class of people: corporations The NY Times reports Chinese will probably top the Supercomputer rankings for the first time, November first, but not the last…. Since many of the things I am reading lead me to conclude that the American people are out of touch with what made America great I am starting a new Category on the Eclipse of America. Now most of us know – and fear – that the country that eclipses America in the 21st century will be China. But other countries too are . . . → Read More: Eclipse of America Stimulating the Dead – stimulus checks of $250 were mailed to dead and jailed people – about $22million worth. Over half the payments to dead people were returned. Grave error. . . . → Read More: Stimulating the Dead The US actually ranks today, sixth in global innovation-based competitiveness; 11th among industrialized nations in the fraction of 25- to 34-year-olds who have graduated from high school; 16th in college completion rate; 22nd in broadband Internet access; 24th in life expectancy at birth; 27th among developed nations in the proportion of college students receiving degrees in science or engineering; 48th in quality of K-12 math and science education; and 29th in the number of mobile phones per 100 people. These are clear areas where we should positively WANT our government to get involved, and to spend money, but if the current climate of political divisiveness endures for the next 2 years in a hung Congress, or even for the next 6 years of a potential Obama second term, the consequences for America’s future will be dire. . . . → Read More: I thought we’re number 1! Nope, how about 20-something? Ray Ozzie of Microsoft issues a not quite clarion call to embrace what is technologically inevitable. If we can’t stop the train then we better run to get on it. . . . → Read More: To fearlessly embrace what is inevitable The Blythe solar power facility, will be the first parabolic trough solar facility approved on U.S. public land. It will consist of four 250 MW plants that together will deliver 1,000 MW of nominal generating capacity, or enough electricity to annually power more than 300,000 single-family homes. . . . → Read More: New solar investment in California It is clear that with the export of genetic engineering technology, know-how and research, the US is shooting itself once again in the foot by its own regulations to injure US exports. And in the process raising up the capabilities of the BRICs. . . . → Read More: BRIC outsourcing US science jobs: Transgenic goat’s milk to fight diarrhea In an article today on a Bond Frenzy the NY Times notes that the bond market snapped up inflation linked 5 year Treasuries with a negative yield. “Investors paid $105.50 for every $100 of bonds the government sold — agreeing to pay the government for the privilege of lending it money,” the NYT said. Why would investors snap these up? They have a . . . → Read More: Topsy turvy world for bond market and Fed Scary new wage data by David Cay Johnston is worth a read. . . . → Read More: Income redistribution to the top continues |
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