Tuesday, January 28, 2014
Assorted stuff for late January
State of the Union
I'll try listening to Our President tonight if I can manage to stay awake. I'm not expecting much, but I like the idea of compelling new federal contractors to pay a higher minimum wage. Those contractors may employ as many low-wage workers as Wal-Mart or the fast food industry, so it's conceivable that some honest competition for workers might happen.
Needless to say, I don't expect anything about more aggressive actions against the Thieves of Wall Street. If you haven't read Matt Taibbi's Griftopia, read it. It's not at all out of date.
Erdogan's putsch against everybody who might prosecute corruption in his government gives us less confidence in the possibility of an actually ethical Muslim government. Erdogan was the poster child for democratic Islamist governance, but Turkey just is descending into the usual autocracy.
Prices are down, popularly blamed on troubles in developing nations hurt by the possibility of economic growth in the USofA and Europe. Oh, yeah, some also are blaming the "tapering" of bond buys by the Fed.
Essentially, it doesn't make a damned bit of difference. Your 401K may dip a little, but one way or the other, it won't be enough to support you in your old age. The big players, of course, continue to have everything they've already stolen, and continue to steal more.
He lasted a long time, but I'm still sorry to see him go. Totally apart from the politics, he was a hell of a good clawhammer banjo player. Bye, Pete.