Your 'Journey' has been long on miles but absent of humanity, reason and law. 'It can only get better'. Could it have got any worse? Your vapour trails have left millions weeping. One million of those are widows in Iraq, at least 1.2 million humans with their Allah, five million orphans and four million refugees.
Remember The Sorcerer’s Apprentice? The wannabee enchanter sets a spell to get his broom to carry water to the magician’s workshop, but his skills don’t extend to stopping the process. By the time the boss gets back, the place is awash. Something similar may be happening to your money. And if so, you’d better hope that the Obama administration gives its fullest support to Elizabeth Warren, its shadow appointment as consumer affairs czarina.
In the news in DC this week, six more banks got seized yesterday by the FDIC (in Ohio, Georgia (3), New Jersey, and Wisconsin), Elizabeth Warren traded in her TARP Oversight Committee job (that only had two more weeks to run) for two new jobs Adviser to the President and Special Adviser to Timothy Geithner to set up the new Consumer Financial Protection Bureau home foreclosures hit a new record high, and the Census Bureau released a new report on poverty, which included nuggets like this:
The poverty rate in 2009 was the highest since 1994, but was 8.1 percentage points lower than the poverty rate in 1959, the first year for which poverty estimates are available. The number of people in poverty in 2009 is the largest number in the 51 years for which poverty estimates are available.
In 2009, the family poverty rate and the number of families in poverty were 11.1 percent and 8.8 million, respectively, up from 10.3 percent and 8.1 million in 2008.
The poverty rate and the number in poverty increased across all types of families: married-couple families (5.8 percent and 3.4 million in 2009 from 5.5 percent and 3.3 million in 2008); female-householder-with-no-husband-present families (29.9 percent and 4.4 million in 2009 from 28.7 percent and 4.2 million in 2008) and for male-householder-no-wife-present families (16.9 percent and 942,000 in 2009 from 13.8 percent and 723,000 in 2008).
For most Americans, the economic collapse is something that is happening to someone else. Most of us have become so isolated from each other and so self-involved that unless something is directly affecting us or a close family member than we really don't feel it. But even though most of us enjoy a much closer relationship with our television sets than we do with our neighbors at this point, it is quickly becoming undeniable that a fundamental shift is taking place in society.
Intervention comes amid growing warnings from experts that prohibition does not deter drug use. Tim Hollis, chairman of the Association of Chief Police Officers’ drugs committees, does not want to criminalise people caught with minor amounts of substances such as cannabis. One of Britain's most senior police officers has proposed decriminalising the personal use of drugs such as cannabis to allow more resources to be dedicated to tackling high-level dealers
The Texas Forensic Science Commission rebelled Friday against its head commissioner, refusing to accept his draft report clearing arson investigators of misconduct or negligence in a 1991 fatal fire where flawed science was used to determine the blaze was intentionally set.
The former U.S. president also criticizes Bill Clinton, writing that Israeli settlement building in the West Bank was especially rapid under his administration. By The Associated Press and Haaretz Service In his new book, former United States president Jimmy Carter criticizes President Barack Obama over his policy on Israel's settlement freeze, writing that the President has backed away from his initial commitment to a complete halt to building in West Bank settlements.
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