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A big family on the run…
A nation in peril…
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Buy the All Time High

Wall Street is only one of several financial roach motels in what has become a giant slum of a global economy. Notional “money” scuttles in for safety and nourishment, but may never get out alive. Tom Friedman of The New York Times really put one over on the soft-headed American public when he declared in more »

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The Instability Express

The mentally-challenged kibitzers “out there” — in the hills and hollows of the commentary universe, cable news, the blogosphere, and the pathetic vestige of newspaperdom — are all jumping up and down in a rapture over cheap gasoline prices. Overlay on this picture the fairy tale of coming US energy independence, stir in the approach more »

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The Fate of the Turtle

Anybody truly interested in government, and therefore politics, should be cognizant above all that ours have already entered systemic failure. The management of societal affairs is on an arc to become more inept and ineffectual, no matter how either of the current major parties pretends to control things. Instead of Big Brother, government in our more »

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Signs and Wonders

“Holy smokes,” Janet Yellen must have barked last week when Japan stepped up to plug the liquidity hole left by the US Federal Reserve’s final taper trot to the zero finish line of Quantitative Easing 3. The gallant samurai Haruhiko Kuroda of Japan’s central bank announced that his grateful nation had accepted the gift of more »

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Tapering, Exiting, or Just Punting?

Oh, that sound you hear this morning is the distant roar of European equity markets puking after the latest round of phony bank “stress tests” — another exercise in pretend by financial authorities who understand, at least, the bottomless credulity of the news media and the complete mystification of the general public in monetary matters. more »

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Did a few loose strands of Ebola seep into the organs and tissues of global finance last week? The US equity markets sure enough puked, the Nikkei bled out through its eyeballs, all the collagen melted out of Greek bonds, and treasuries bloated up grotesquely on a putrid stream of terrified “liquidity” that led two more »

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Real Life is Not Spin Art

The authorities keep emphasizing that the nurse who caught ebola from Thomas Eric Duncan was sealed in her haz-mat suit the whole time she cared for the poor fellow and blah blah nobody knows how she could possibly catch the darn thing…. But the newspapers and cable news networks are not asking: What about all more »

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Must Be the Season of the Witch

As the Governor goblins at the Federal Reserve whistle past the graveyard of dead Quantitative Easing, and the US dollar magically expands like a prickly puffer fish, and Mario Drahgi does what it takes with Euro duct tape to patch all black holes of unpayable debt from Athens to Dublin, and Japan watches its once-wondrous more »

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We’ll Become ISIS

I played fiddle at a small-town, country dance last night with several other musicians and it was a merry enough time because that kind of self-made music has the power to fortify spirits. About half the dancers were over 40 and the rest were teenage girls. The absence of young men was conspicuous. Toward the more »

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Barbarism Versus Stupidism

In my lifetime, the USA has not blundered into a more incoherent, feckless, and unfavorable foreign policy quandary than we see today. The US-led campaign to tilt Ukraine to Euroland and NATO — and away from the Russian-led Eurasian Customs Union — turned an “intelligence” fiasco into a strategic humiliation for the Obama White House. more »

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The Era of Bad Feeling

There are times when events are in charge, not personalities. The unseen forces that hold the affairs of nations and economies in equilibrium dissolve, particles fly out of the many centers, and things heat up toward criticality. Glance in the rear-view mirror and say goodbye to the Era of Wishful Thinking. This was the time more »

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Down the Memory Hole

The memory hole is working overtime in the USA zeitgeist these days. Shit happens and a week or so later, it unhappens — at least it seems that way as manifested by the front page of The New York Times or the flapping of Anderson Cooper’s gums on CNN. Anyone remember that Malaysian airlines plane more »

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Busybody Nation

If anyone above a kindergarten pay-grade has figured out America’s vital interest in the Ukraine, it has not been reported — or even leaked from the foundering vessel that is the US State Department. In fact, when you consider the results, it’s hard to understand the rationale behind any recent US foreign policy endeavor. Mr. more »

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Chill Winds

The new year officially starts in January, but for me, and perhaps many of you, the internal calendar re-sets at the end of the summer, where the programming of the school year lingers on. As the torpor of August sweeps away, one senses that heavier action lies ahead. Footsteps quicken in the crisping air, the more »

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Mr. Bad Example

Of all the awful tensions roiling and coiling in American society, it’s only a little bit surprising that the racial module is blowing off now rather than, say, the stock market. Perhaps it’s a seasonal thing: race riots in the summer; stock market crashes in the fall, revolutions in the spring. Michael Brown, the 18-year-old more »

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Global Nausea

Any American influence left in Iraq should focus on rebuilding the credibility of national institutions. — Editorial, The New York Times Gosh, isn’t that what we spent eight years, 4,500 lives, and $1.7 trillion doing? And how did that work out? The Iraq war is just like the US financial system. The people in charge more »

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All Hell

That tractable beast, World Opinion, was apparently looking the other way when US video war-gamers blew up wedding parties and donkeys by remote control in Pakistan, Yemen, and Afghanistan, not to mention the now long ago shock-and-awe bombardment of poor innocent Iraq. It’s not paying much attention these days to the remorseless advance of ISIS more »

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Excuse Me For Living

Israel has all the proof it needs that world opinion will never consider its right to exist important. The Obama White House, and a lot of the US News Media, portray the Hamas-Israel conflict as something like an amateur soccer match, with the uneven score (40-odd Israeli soldiers killed versus 1000-plus Palestinians, mostly civilians) showing more »

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War Zones

Israel’s Prime Minister Benjamin Netanyahu summed it up the other day when he said, “We use our rockets to protect our women and children; they [Hamas] use their women and children to protect their rockets.” Some time ago, the Left adopted the Palestinians as their pet oppressed minority group so there is nothing that Israel more »

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Struggle to the Death

For public consumption, the fatuous haircut-in-search-of-a-brain, a.k.a. Secretary of State John Kerry, hauled out the dog-eared playbook for “negotiating a ceasefire” between the Palestinian Hamas leadership and Israel. Neither side takes him seriously, of course. In this historic moment of Islamic uproar across the entire region, Hamas is just following the larger script: act up more »

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We Are All Ninja Turtles Now

With lakes, swimming holes, rivers, and pools beckoning, I went to a sporting goods chain store at the mall — where else? — seeking a new bathing suit (pardon the quaint locution). The store was curiously named Dick’s. All they had were clown trunks. By this I mean a garment designed to hang somewhere around more »

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Voila: World War Three

Whoever really runs things these days for the semi-mummified royal administration down in Saudi Arabia must be leaving skid-marks in his small-clothes thinking about Abu Bakr al-Baghdadi and his ISIS army of psychopathic killers sweeping hither and thither through what is again being quaintly called “the Levant.” ISIS just concluded an orgy of crucifixions up more »

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Hard Choices?

The New York Times editors seem to think that if they tell enough sob stories about illegal immigrants in their ongoing sentimental series “The Way North,” that the national debate will turn into a giant pity party and the nirvana of a human peaceable kingdom will come true, with no consequences — except for more more »

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Heads, You Lose

Obama Pushes Iraqis to Mend Sectarian Rifts — Headline, The New York Times Have they tried diversity training? I doubt it. That’s not how things are done in the Shithole Formerly Known as Iraq (SFKI). They’re headhunters now. For the moment the ISIS hasn’t had the inclination to shrink any of their trophies. Their method more »

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That Was Then, This is Now

I was in Buffalo, New York, over the weekend at the annual conclave of New Urbanists — a movement started in the 1990s to rescue American towns and cities. The scale of desolation of that city is not as spectacular or vast as Detroit’s, but the visible symptoms of the illness are the same. One more »

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