Daily Archives: November 11, 2011

We Are Not Broke

http://bit.ly/storyofbroke — The United States isn’t broke; we’re the richest country on the planet and a country in which the richest among us are doing exceptionally well. But the truth is, our economy is broken, producing more pollution, greenhouse gasses and garbage than any other country. In these and so many other ways, it just isn’t working. But rather than invest in something better, we continue to keep this ‘dinosaur economy’ on life support with hundreds of billions of dollars of our tax money. The Story of Broke calls for a shift in government spending toward investments in clean, green solutions—renewable energy, safer chemicals and materials, zero waste and more—that can deliver jobs AND a healthier environment. It’s time to rebuild the American Dream; but this time, let’s build it better.

Tests Show Most Store Honey Isn’t Honey

Food Safety News posted the article Tests Show Most Store Honey Isn’t Honey Ultra-filtering Removes Pollen, Hides Honey Origins.

The article starts with the following:

More than three-fourths of the honey sold in U.S. grocery stores isn’t exactly what the bees produce, according to testing done exclusively for Food Safety News.

The results show that the pollen frequently has been filtered out of products labeled “honey.” The removal of these microscopic particles from deep within a flower would make the nectar flunk the quality standards set by most of the world’s food safety agencies.

I was immediately disturbed by this opening. I have read many recommendations to eat local honey to build up your resistance to pollen allergies because the local honey has many of the pollens you are breathing in the local air. Eating the pollen in the honey builds resistance to the pollen you breathe.

I have never found that store bought honey ever did any good for my pollen allergies, and now I know why.

According to the article, your best bet for getting the real thing is to buy local honey direct from local bee keepers (although Trader Joe’s honey was tested and found to be the real thing.) Read the article.

The Most Outrageous Acts Of Corporate America

The intro to the article Living Large: October’s Executive Compensation Highlights is:

Big send-offs at IBM and Gannett, a sweetheart jet deal at Clear Channel, and a penalty for talking at Icahn Enterprises headline October’s top executive compensation goodies. As she does every month, Footnoted.com editor Michelle Leder stopped by to discuss some of the choice nuggets buried in Securities and Exchange Commission filings. In the accompanying video, we delve into the specifics.

These shenanigans are an example of what has Occupy Wall Street so peeved.

ROMER: What Europe And The U.S. Must Do To Solve Economic Crisis 2

The Yahoo! Finance article ROMER: Europe Is A Train-Wreck And Leaders Are Still In Denial, has Christina Romer saying things I can believe.

For the first time in a long time a reporter asks the obvious question.  After Romer’s going on and on about how Europe needs to do the things they obviously must do, and just after I thought, “So what is it they must do?”, the reporter asks that very question. They never asks those obvious questions on most of the news or business shows on the lame stream media.

Undercover Cop At Occupy Oakland Supports The Movement

The article Man Outed As Undercover Cop At Occupy Oakland Condemns Police Brutality, Supports The Movement explains:

In a video released last month, Oakland Police Officer Fred Shavies was outed as one of these plainsclothed officers at Occupy Oakland.

The article contains the above mentioned video. The article also includes a video interview with the officer. I find the video interview with the police officer (included below) to be the most compelling part of the article.

Debunking The Right-Wing Meme That The Obama Administration Is Anti-Business

The Think Progress article Debunking The Right-Wing Meme That The Obama Administration Is Anti-Business  sums up the video thusly:

To sum up: In 2010, corporate profits hit an all-time high of $1.37 trillion, business spending increased at least 13 percent between 2009 and 2010, and businesses have been sitting on $2 trillion in cash reserves. Meanwhile, the stock market has performed spectacularly. Indeed, corporate and financial sector profits seem to be the only portions of the economy enjoying a significant recovery from the collapse, as employment, job growth, and housing continue to severely under-perform. As economist and New York Times columnist Paul Krugman pithily observed in January, this seems to be nothing more than a “Ma, he’s looking at me funny!” complaint over the president’s rhetoric and style.

The PBS television show Nightly Business Report is completely infected with this meme. They frequently predict the downturn of the stock market if the Democrats gain power despite all historical evidence to the contrary. This is why I watch the show to find out what happened in the world of finance, but I ignore their explanations of why it happened or predictions of what will happen in the future. For the last two parts of their content, they usually haven’t got a clue and wouldn’t know where to find one even if they cared.