Greetings good citizen,
How pathetic is it that many of the following headlines are either ‘spin’ or rely on accounting gimmicks for their veracity?
But the lead story belabors a point I have been making for decades:
No irony should be lost that China has overtaken the US as the world’s premiere ‘economic superpower’ on the strength of its ‘blue-collar’ workforce.
Shifting back to our curiously missing OWS protestors, what does this (capitalist profiteering) mean to those who already got soaked big bucks, studying for jobs that will not appear anywhere near here?
I repeat, All economies are LOCAL and no amount of ‘koom-bye-ya’ can alter that!
Let me take it one step further and state unequivocally that it is ‘impossible’ to establish global capitalism as the world’s economic system because of its predatory nature. Resources must be ‘managed’ not ‘exploited’!
Global capitalism gives us stories like this one:
This is what happens when you put psychopaths in charge of ‘shaking up’ your supply chain. All of the routine safeguards get thrown to the winds in an effort to ‘bull’ their way to a profit. (by bringing their part of the project in under deadline and under cost, thereby maximizing their ‘bonus’!
Seriously good citizen, these people have lost sight of the rationale behind the awarding of ‘bonuses’ (especially considering half the time management rewards itself for failure!)
And remember, THESE PEOPLE CONSIDER THEMSELVES OUR ‘BETTERS!’
They are ‘superior’ to us…at least in their own minds.
But hey, after Wells Fargo made money producing mortgages, we have the (alleged) ‘dummies’ foundering in the same pond…so who are you supposed to believe?
Seriously good citizen, if this story isn’t complete and utter, I don’t know what is!
Somebody’s getting robbed and I have a bad feeling about who that somebody is…
In a related story:
“Sure, I’ll leave…just make sure my golden parachute has a platinum liner!”
Apparently this is something ‘the analysts’ aren’t privy too.
And yet more ‘disappointment’ from the global stage…
Then we have this last ditty that lead me to my previous musing regarding the veracity of today’s reporting:
It’s been two years good citizen and no change as far as my unemployment status. I’m still twiddling my thumbs as are many of my over fifty peers.
Seems the girls of the over fifty club have joined us recently and if you think that’s a coincidence, tell it to Santa Claus!
Part of what I do here is shine a light on the stories the corporate owned media ‘neglects’ and the other part is providing some much needed ‘food for thought’ that should be fueling public debate.
The corporate owned media is paid to ‘pretend’ that things couldn’t be better, our problems are largely in our heads…and they’d be correct about that because it is their fault our head isn’t pointed in the correct direction!
But that’s an issue for another day,
Thanks for letting me inside your head,
Gegner
How pathetic is it that many of the following headlines are either ‘spin’ or rely on accounting gimmicks for their veracity?
But the lead story belabors a point I have been making for decades:
The Education Revolution
Next Made-in-China Boom: College Graduates
By KEITH BRADSHER
China is making a huge investment in its universities, hoping to leverage its enormous population into 195 million college graduates by the end of the decade.
No irony should be lost that China has overtaken the US as the world’s premiere ‘economic superpower’ on the strength of its ‘blue-collar’ workforce.
Shifting back to our curiously missing OWS protestors, what does this (capitalist profiteering) mean to those who already got soaked big bucks, studying for jobs that will not appear anywhere near here?
I repeat, All economies are LOCAL and no amount of ‘koom-bye-ya’ can alter that!
Let me take it one step further and state unequivocally that it is ‘impossible’ to establish global capitalism as the world’s economic system because of its predatory nature. Resources must be ‘managed’ not ‘exploited’!
Global capitalism gives us stories like this one:
The 787 that made an emergency landing in Japan on Wednesday. All 137 passengers and crew members were evacuated safely.Design errors, easily corrected or the by-product of the decades long ‘global race to the bottom?’
Regulators Around the Globe Ground Boeing 787s
By CHRISTOPHER DREW, JAD MOUAWAD and MATTHEW L. WALD 51 minutes ago
The directives in Japan, Europe and India follow a Federal Aviation Administration ruling Wednesday that it was grounding the planes operated by U.S. carriers.
This is what happens when you put psychopaths in charge of ‘shaking up’ your supply chain. All of the routine safeguards get thrown to the winds in an effort to ‘bull’ their way to a profit. (by bringing their part of the project in under deadline and under cost, thereby maximizing their ‘bonus’!
Seriously good citizen, these people have lost sight of the rationale behind the awarding of ‘bonuses’ (especially considering half the time management rewards itself for failure!)
And remember, THESE PEOPLE CONSIDER THEMSELVES OUR ‘BETTERS!’
They are ‘superior’ to us…at least in their own minds.
But hey, after Wells Fargo made money producing mortgages, we have the (alleged) ‘dummies’ foundering in the same pond…so who are you supposed to believe?
DealBookUm, talk about lunacy! Here they are, bleeding from the eye-sockets, settling billion dollar claims against them (for mortgage fraud.) Somehow they still ‘beat the estimates’…and Wall Street is giving them a spanking anyway!
Profit Drops 63% at Bank of America After Mortgage Settlements
By BEN PROTESS 6 minutes ago
The bank’s widely expected drop in fourth-quarter profit comes after it settled legal claims over its mortgage business. It earned 3 cents a share, narrowly beating estimates.
Seriously good citizen, if this story isn’t complete and utter, I don’t know what is!
Somebody’s getting robbed and I have a bad feeling about who that somebody is…
In a related story:
DealBookDid Vikram empty out the main vault as part of his ‘separation package?’ You know how these ‘Master of the Universe’ types operate…
Facing Legal Costs, Citigroup Disappoints in 4th Quarter
By JESSICA SILVER-GREENBERG 9:30 AM ET
As the bank works to clean up its mortgage mess, it reported fourth-quarter profit of $1.2 billion, or 38 cents a share, significantly below analysts’ estimates.
“Sure, I’ll leave…just make sure my golden parachute has a platinum liner!”
Apparently this is something ‘the analysts’ aren’t privy too.
And yet more ‘disappointment’ from the global stage…
DealBookI may have dubbed the local rag as the Daily ‘cops behaving badly’ gazette but the business pages of the world’s media are dominated by the details of CEO’s behaving badly (and getting fooked for it…sometimes.)
Rio Tinto to Book $14 Billion Charge; C.E.O. Replaced
By JULIA WERDIGIER and NEIL GOUGH 8:27 AM ET
The mining giant blamed challenges in the aluminum business and at its coal unit in Mozambique for the write-down, and said Sam Walsh would succeed Tom Albanese as chief executive.
Then we have this last ditty that lead me to my previous musing regarding the veracity of today’s reporting:
Economic Data Lift Stocks
By REUTERS 52 minutes ago
Wall Street opened higher after some cheery economic reports on unemployment and housing starts.
It’s been two years good citizen and no change as far as my unemployment status. I’m still twiddling my thumbs as are many of my over fifty peers.
Seems the girls of the over fifty club have joined us recently and if you think that’s a coincidence, tell it to Santa Claus!
Part of what I do here is shine a light on the stories the corporate owned media ‘neglects’ and the other part is providing some much needed ‘food for thought’ that should be fueling public debate.
The corporate owned media is paid to ‘pretend’ that things couldn’t be better, our problems are largely in our heads…and they’d be correct about that because it is their fault our head isn’t pointed in the correct direction!
But that’s an issue for another day,
Thanks for letting me inside your head,
Gegner
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