Archive for April 27, 2012
Yesterday, professional hater Monica Crowley sent this tweet about Sandra Fluck:
This morning she sent this:
“My tweeted question?” Give me a break. You weren’t tweeting a question. You were tweeting a slur. You were tweeting hate.
Geezus. You guys are always the victim.
The Financial Times is really, really touchy about people cutting and pasting their stuff so I’m not going to do it. But from what I understand of the first seven paragraphs of this FT article — US banks to Put Stress Tests Case to Fed — the gargantuan U.S. banks who “own the place” ( i.e., Citigroup, Goldman Sachs, JPMorganChase, Bank of America and Morgan Stanley) are going to “meet” with Daniel Tarullo, the Federal Reserve governor next week because they’re furious that the Fed, “published the results of stress tests last month, causing consternation among the largest US banks as their capital buffers were deemed less resilient to a market meltdown than had been assumed.”
Less resilient to a market meltdown than had been assumed? What? Something less than high praise from the Fed? We can’t have that!
So the Fed’s stress test wasn’t to their liking so they’re going to step on Tarullo’s neck and threaten to bring down the US economy and/or the world economy if the Fed doesn’t issue an amended, glowing report about how wonderfully resilient they are? Or something.
Yep. They really do own the place.
I could be totally wrong about what I’m reading. Read it for yourself (link above) but bottom line is this sounds like the banks kicking the US government around, not vice versa, which is how it should be.
I don’t know why I like looking at tiny things but I do and BuzzFeed has complied 86 photos of tiny cute things. Check them out. Good way to wind down on a Friday afternoon.
Here are three of my faves:
Again, here’s the link.
The Center for a New American Dream presents: The High Price of Materialism:
Volunteering at the food bank has done wonders at putting materialism into perspective for me. Next week I start at the Humane Society where I’ll be charged with adding some fun (a walk, frisbee, fetch, cuddle?) to the lives of scared and confused dogs which I think do that too.
From today’s Washington Post:
Read the article here.
The right would have us believe that Obama, and Obama alone, is to blame for high gas prices. That’s understandable coming from them. One, it’s an election year so everything will be Obama’s fault and two, insofar as they are the party of the corporatocracy, they’re essentially saying, hey, look over there, trying to distract our attention from inconvenient facts like this:
Exxon Makes $104 Million In Profit Per Day So Far In 2012, While Americans Are Stuck With A Higher Gas Bill
$9.45 billion profits, or almost $104 million per day in the first three months of the year.
13 percent: The tax rate Exxon paid last year, lower than the average American family.
60 percent of its first quarter earnings, or $5.7 billion, on buying back stock. Became world’s largest dividend payer by increasing dividends 21 percent.
$1,091,000: Political contributions sent to federal politicians for the 2012 election cycle, making it the largest oil and gas spender.
91% of these contributions went to Republicans.
More than $52,000,000: Lobbying for the first three years of the Obama presidency, 50 percent more than in the Bush Administration.
$34.9 million: Exxon CEO Rex Tillerson’s salary for 2011, a 20 percent raise.
$52,300: Political contributions from Exxon CEO Rex Tillerson in the 2012 cycle, alone.
No. 2: Fortune 500 list of richest companies and for highest-paid CEO.
Grasping numbers like these is like trying to grasp what it would be like to travel for a light year or how many stars there are in the sky.