Wednesday, February 22, 2012

@18:48, 02/21/12 4

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http://blogs.reuters.com/felix-salmon/2012/02/21/adventures-with-primary-documents-sustainability-analysis-edition/


gdp.jpg
This chart, from the European Commission’s debt sustainability analysis of Greece, has been doing the rounds today. I posted it last night, and it got picked up by Joe Weisenthal as his chart of the day; it’s a very striking visualization of the degree to which the Greece bailout plan lies somewhere between optimistic and delusional.
I’m happy to say that Reuters was the first organization to get its hands on this analysis. At 4:21 EST, we ran our exclusive story, by Jan Strupczewski in Brussels, with the headline that Greek debt would still be 160% of GDP in the European Commission’s downside scenario. Jan took the 2,800-word analysis, and its wealth of charts and tables, and boiled it down into a 965-word story which was avidly read by news consumers around the world.

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      For the A-Cup Crowd, Minimal Assets Are a Plus

       
                            I LOVE YOU
       
      It was a long way down.  As soon as you can is best, 

       

  • TimesPeople recommended a video:
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    Talking Dirt
    http://www.nytimes.com/2012/02/19/sports/baseball/major-league-groundskeepers-dont-mind-getting-dirty.html
    Grass is a major at Farmingdale. 
    Cannabis has nothing to do with it.
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                          I LOVE YOU
      Sooner is better.  As soon as you can is best. 

       

  • TimesPeople recommended an interactive graphic:
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    Submit Photos of the College Experience - The New York Times
    With graduation just around the corner, we invite students to reflect on their college experience. Submit a photograph that best illustrates college to you. Perhaps there's a place you go to get away from it all (or be part of it all). Or visually...

    I am light on new pictures.
    • kathleen commented on an article:
      May 31, 2010
      The Pain Caucus
      As with all "austerity" measures forced on countries by various economic powers (IMF, OECD, whatever), the pain inflicted on the unemployed is not a peripheral result, but is the entire motive of the austerity measures. This is the means used to assure a cheap labor force, which is always the point. The pain is deliberate, not accidental. We need to understand that "the economy" does not have the goal of helping the many to live simple but decent lives; it is in place to succor the already-wealthy and always to prevent wage levels from "overheating" (as Greenspan so nicely put it). The rich will only stay rich so long as labor is cheap, and they will do whatever it takes to keep labor cheap. This is how it always happens--why should we believe ourselves in this country to be immune? The income disparity grows and grows, and the country starts exporting raw materials while importing finished goods, and the number of unemployed workers grows, and then wages and social programs are made to crash so that labor can once again be shown its place: to do the bidding of their "betters" for a mere pittance, so that the wealthy can grow even wealthier, and be "properly" served, but they seem to forget that this only lasts until the (inevitable) rebellion ensues. The pain dispensed to the unemployed? It is by design.

      I think it is they just don't care. 
      Their credit is not threatened.
      Taxes might reduce it.
      Wealth is a zero sum game to merchants.  
      The wealthy are the winners.
       


































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