Plan to cut deficits in half in three years means austerity or higher taxes which will drive the economy into a depression
Irish housing project abandoned when real estate market colllapsed image: Eoin O'Conaill for the International Herald Tribune.
The ink is barely dry on the last minute agreement of President Obama to reduce the US deficit by $750 billion dollars in three years. Driven by the desperation of the European Union and Canada’s posturing on fiscal restraint, Obama is already backtracking on the promise with good reason.
The US is still in a depression from the bank collapse of 2008 and things are only marginally better. Unemployment is a historic highs. Housing sales tanked after the Federal grants ended. Other than high-profile iPhones and gadgets, consumption of consumer goods is not improving.
The New York Times is carrying an op-ed piece by economist Paul Krugman who believes we are already slipping into a “third depression.”
She murdered her billionaire lover then said he abused her the jury agreed in halves
Cecile Brossard shot ultra rich banker Edouard Stern during rough sex
A year ago, the jury accepted Cecile’s story that she had been abused and humiliated her. While convicted, she was given a lesser sentence of 8 years, and could be out of jail in 18 months. See Lover admits to kinky sex killing.
Edouard Stern was one of the richest bankers in Europe, a billionaire friend of French President Nicolas Sarkozy. He hobnobbed around the rich and powerful until his lover shot him in a Swiss hotel room. Bound and wearing a latex suit, she sat at the trial he had humiliated her by calling her a “whore” and paying $1 million for her love.
On June 18th, 2010, Brossard’s lawyers were back in court arguing her health was suffering in jail and she should be released. Continue reading →
The sleep deprived, drug and adrenalin fueled stock market is about to turn from greed to fear over the Greek and EU debt crisis. Things could get ugly very quickly. Yesterday the Dow Jones dropped 900 points before recovering.
When I was living in Toronto in the 1990s, the Financial Post profiled stock brokers and traders during the dot.com boom. The report said many of them used drugs like cocaine to keep up their energy level.
Stock market types from Bay Street would descend on the Zanzibar strip club just up the street from the stock exchange. Lunch with naked dancers got their adrenalin pumped up to make it through the afternoon.
Stock traders also worked long exhausting hours, many drinking their evenings away in bars searching for market rumors and relief from the stress.
Having met traders in Toronto, it made sense. They were a sleep deprived, nervous bunch constantly switching from greed to fear. The story in the paper made sense and several brokers confirmed it was true.
The attention span of a stock broker or trader is today, this afternoon, now. Stocks are up stocks are down. Buy! Sell!
Phase 2 of Hitler’s euthanasia attacked adults with disabilities with secret gassing and cremation
This photo originates from a film produced by the Reich Propaganda Ministry. It shows two doctors in a ward in an unidentified asylum. The existence of the patients in the ward is described as "life only as a burden." Such propaganda images were intended to develop public sympathy for the Euthanasia Program.
Euthanasia planners quickly envisioned extending the killing program to adult disabled patients living in institutional settings. In the autumn of 1939, Adolf Hitler signed a secret authorization in order to protect participating physicians, medical staff, and administrators from prosecution; this authorization was backdated to September 1, 1939, to suggest that the effort was related to wartime measures.
Because the Führer Chancellery was insular, compact, and separate from state, government, or Nazi Party apparatuses, Hitler chose this, his private chancellery, to serve as the engine for the “euthanasia” campaign. Its functionaries called their secret enterprise “T4.” The operation took its code-name from the street address of the program’s coordinating office in Berlin: Tiergartenstrasse 4. Continue reading →
Sober second thought says Street View can be privacy disaster
EU privacy concerns have Google on the defensive over Street View. The new feature of Google Maps provides street level views of people, houses and buildings with photographs linked to Google Maps.
The EU wants people warned when Google is in town taking photographs, faces and license plates blurred, and the photographs destroyed in 6 months.
In Germany, house numbers are blurred and people can have their houses opted out.
A local realtor thought the service would be helpful to people planning to move to an area. Did he consider the photographs are dated and may not show the property at its best? What if it was garbage day or the yard needed landscaping. Warts and all real estate selling doesn’t sound like a value enhancing proposition.