President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”
Today, President Obama heralded the creation of 431,000 new jobs. He neglected to mention that 411,000 of those jobs add no value to the economy, build no wealth, and represent statistics manipulation to create the tele-prompted headline. The stock market was able to disseminate the figures that didn’t make it into the President’s speech, and quickly responded by tumbling over 300 points.
The Federal Trade Commission says it wants to save journalism. In a just-released “staff discussion draft” of “potential policy recommendations to support the reinvention of journalism,” the agency only circles its wagons around old newspapers and their fading business models.
Mitt Romney has won the Washington state Republican caucuses.
The “Occupy movement” has devolved into Hipsters of the Flies — dens of crime, squalor and internecine power struggles. Democrats, from Pres. Obama on down, try to rhetorically distance themselves from the protest themselves.
A Toronto zoo has defended the breaking up of gay penguins, Buddy and Pedro, citing endangered species protection. The two penguin lovers will be forced to go hetero to preserve the species.
With the Girl Scouts recently caving to the wishes of a seven-year-old boy and his mother by allowing him to join a local troop of girls, a spokesperson for a Christian women’s organization is questioning the role of the child’s parents.
This woman’s record is a bit of a mouthful — she’s got the longest tongue in the world.
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