Occupy Video & Boycott of Food Companies Working Against GMO Labeling Prop. 37…



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Which food companies are working against Prop. 37?

The links to who owns the “natural food” labels is very interesting and gives this whole email a lot of credibility, specifically the ownership posters at cornucopia.org/.

(NaturalNews) It’s time to defeat evil in the food industry and stop the vicious betrayal of consumers by so-called “natural” brands. They’re all conspiring right now to funnel millions of dollars into a disinformation campaign to try to defeat ballot measure 37, the “GMO labeling” initiative in California (http://www.naturalnews.com/036833_GMO_labeling_YES_on_37_California.h... <http://www.naturalnews.com/036833_GMO_labeling_YES_on_37_California.html> ).

Effective immediately, NaturalNews is issuing a global boycott on the following brands:

Kashi (owned by Kellogg, which has contributed $612,000 to defeat Proposition 37) – Kashi cereals contain GMOs!

Silk soymilk (owned by the nation’s largest dairy, Dean Foods, which has contributed $253,000 to the effort to kill Proposition 37)

Larabar (owned by General Mills, which has contributed $520,000 to defeat proposition 37)

R.W. Knudsen (owned by Smucker, which has contributed $387,000 to defeat proposition 37)

Santa Cruz Organic (also owned by Smucker, which has contributed $387,000 to defeat proposition 37)

Cascadian Farm (owned by General Mills, which has contributed $520,000 to defeat proposition 37)

Muir Glen (also owned by General Mills, which has contributed $520,000 to defeat proposition 37)

Boycott these brands — the BETRAYORS of the food industry. Help make sure their betrayal of consumers costs them huge market share. Remember: When it comes to evil food companies, if you ignore them (by not buying their toxic products) they will go away.

This is all detailed in a release just issued by the Cornucopia Institute:

Agribusinesses Owning Natural / Organic Brands Betray Customers: Fund Attack on GMO Labeling Proposal in California
Proposition 37, a citizen’s initiative on the ballot on November 6 in California, would mandate clear labeling of genetically engineered (GE) ingredients on food <http://www.naturalnews.com/food.html>  packages. It has become a battleground pitting consumer and farmer advocates against multi-billion-dollar agribusiness corporations.

Recent polling indicates almost 70% of citizens support informational labeling. And a flood of new contributions to fight the measure has rolled in

Originally posted on Grist:

Kate Adamick thinks changing school lunch is as easy as changing the way cafeterias spend money.

Kate Adamick is a firm believer in the old saying, “A penny saved is a penny earned.” A food systems consultant and co-founder of Cook for America, she has put the adage to work in hundreds of school districts nationwide through her Lunch Teachers culinary boot camps. In these weeklong workshops, Adamick teaches food service staff how to most efficiently manage their limited budgets — to the penny — toward providing students with freshly prepared, whole foods-based meals.

Adamick’s new book, Lunch Money: Serving Healthy School Food in a Sick Economy, captures those strategies in print, from capitalizing on commodity food products to generating additional revenue from a breakfast-in-the-classroom program. It’s likely to make a valuable read for school food service directors working to revamp menus in accordance with the U.S…

View original 1,499 more words

Most students need to learn how to run a business, says Scott Adams…


[COVER]

From SCOTT ADAMS
Dilbert
WSJ

I understand why the top students in America study physics, chemistry, calculus and classic literature. The kids in this brainy group are the future professors, scientists, thinkers and engineers who will propel civilization forward. But why do we make B students sit through these same classes? That’s like trying to train your cat to do your taxes—a waste of time and money. Wouldn’t it make more sense to teach B students something useful, like entrepreneurship?

I speak from experience because I majored in entrepreneurship at Hartwick College in Oneonta, N.Y. Technically, my major was economics. But the unsung advantage of attending a small college is that you can mold your experience any way you want.

There was a small business on our campus called The Coffee House. It served beer and snacks, and featured live entertainment. It was managed by students, and it was a money-losing mess, subsidized by the college. I thought I could make a difference, so I applied for an opening as the so-called Minister of Finance. I landed the job, thanks to my impressive interviewing skills, my can-do attitude and the fact that everyone else in the solar system had more interesting plans.

The drinking age in those days was 18, and the entire compensation package for the managers of The Coffee House was free beer. That goes a long way toward explaining why the accounting system consisted of seven students trying to remember where all the money went. I thought we could do better. So I proposed to my accounting professor that for three course credits I would build and operate a proper accounting system for the business. And so I did. It was a great experience. Meanwhile, some of my peers were taking courses in art history so they’d be prepared to remember what art looked like just in case anyone asked.

One day the managers of The Coffee House had a meeting to discuss two topics. First, our Minister of Employment was recommending that we fire a bartender, who happened to be one of my best friends. Second, we needed to choose a leader for our group. On the first question, there was a general consensus that my friend lacked both the will and the potential to master the bartending arts. I reluctantly voted with the majority to fire him.

But when it came to discussing who should be our new leader, I pointed out that my friend—the soon-to-be-fired bartender—was tall, good-looking and so gifted at b.s. that he’d be the perfect leader. By the end of the meeting I had persuaded the group to fire the worst bartender that any of us had ever seen…and ask him if he would consider being our leader. My friend nailed the interview and became our Commissioner. He went on to do a terrific job. That was the year I learned everything I know about management…

Complete article here
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Slow Democracy: Rediscovering Community and Bringing Decision-Making Back Home…


From DAVID SWANSON
New. Clear. Vision.

Susan Clark and Woden Teachout’s new book, Slow Democracy: Rediscovering Community, Bringing Decision Making Back Home (Chelsea Green, available Oct. 10, 2012), offers the civil equivalent to slow food. The goal of both is not slowness for its own sake, but quality, health, sustainability, and the pursuit of happiness.

We all know that the federal government ignores us most of the time, state governments nod in our direction once in a blue moon, and local governments listen to us quite often. So, there is an argument to be made for moving decision-making powers to the local level and engaging there.

The focus of Clark and Teachout’s book is on how to engage with local democracy, and toward what ends. Adversarial campaigning may not work. What gets you on television at a Congressional “town hall” could just alienate your neighbors at a real town hall. A deeper understanding of democracy than just the desire for Washington, D.C., to follow majority opinion once in a while involves the realization that we are all better off if all of our viewpoints are considered. We all know that in small discussions the result can be greater than the sum of its parts. The same is true in local politics. New ideas can arise through exchange and disagreement; a synthesis that considers the needs of more than one group can be better for all, longer-lasting, and strengthened by the depth of its public support.

Seeking to engage with others and involve those who disagree with us looks like a disastrous approach to those who work on political advocacy at the national level (except Democrats, to whom it looks like a brilliant innovation guaranteed to work on the very next attempt). Treating national officials like friends will usually get you sold down the river. When we were occupying Washington, D.C., last fall and holding consensus-based eternal dialogues in the shadow of the Capitol, we were excellent and improving at the skill of deciding which building we would shut down tomorrow or who was going to help make dinner. But saying just a few words out loud, no matter how politely, in a “public” hearing on Capitol Hill would only serve to get us thrown in jail, and often did.

Worse, however, than trying to take slow democracy national may be trying to take national politics local. A town hall in a small town in Vermont can be ruined by following the proper conduct to get yourself on Fox News or CNN. Shouting and name calling don’t usually advance discussions outside of politics. Why should they be helpful within it? Slow Democracy looks at numerous examples from around the country and outside of it in which local governments are finding ways to more deeply involve residents in deliberations and even decision making. The results are not just decisions that carry broader support, but also in many respects better decisions.

Why can this be done locally and not on a larger scale? The right wing fears big government and the left big corporations, the two of which have merged. Both fears are very well placed.

How The American University was Killed, in Five Easy Steps…


From THE HOMELESS ADJUNCT

[...] In the last few years, conversations have been growing like gathering storm clouds about the ways in which our universities are failing. There is talk about the poor educational outcomes apparent in our graduates, the out-of-control tuitions and crippling student loan debt. Attention is finally being paid to the enormous salaries for presidents and sports coaches, and the migrant worker status of the low-wage majority faculty. There are now movements to control tuition, to forgive student debt, to create more powerful “assessment” tools, to offer “free” university materials online, to combat adjunct faculty exploitation. But each of these movements focuses on a narrow aspect of a much wider problem, and no amount of “fix” for these aspects individually will address the real reason that universities in America are dying…

First, you defund public higher education…

…“(The) ultimate objective, as outlined in the (Lewis Powell) memo, was to purge respectable institutions such as the media, arts, sciences, as well as college campus themselves of left-wing thoughts. At the time, college campuses were seen as “springboards for dissent,” as Newfield terms it, and were therefore viewed as publicly funded sources of opposition to the interests of the establishment. While it is impossible to know the extent to which this memo influenced the conservative political strategy over the coming decades, it is extraordinary to see how far the principles outlined in his memo have been adopted.”…

Second, you deprofessionalize and impoverish the professors (and continue to create a surplus of underemployed and unemployed Ph.D.s)…

…This is how you break the evil, wicked, leftist academic class in America — you turn them into low-wage members of the precariat – that growing number of American workers whose employment is consistently precarious. All around the country, our undergraduates are being taught by faculty living at or near the poverty line, who have little to no say in the way classes are being taught, the number of students in a class, or how curriculum is being designed. They often have no offices in which to meet their students, no professional staff support, no professional development support. One million of our college professors are struggling to continue offering the best they can in the face of this wasteland of deteriorated professional support, while living the very worst kind of economic insecurity.

A Twenty-First Century American Sacrifice Zone…


From TOMDISPATCH
Excerpt

[Available for rent at Mulligan Books... -DS]

The book itself is a unique all-American road trip, part riveting text by Hedges, part comics by Sacco.  It takes the reader through the most extreme “sacrifice zones” in a country that is slowly hollowing itself out.  In this excerpt, the two road warriors have made it to an area of West Virginia where coal mines, dangerous as they were, once supported town life, but more recently have either mechanized or closed down.  This particular community, Gary, West Virginia, writes Hedges, has “fallen into terminal decay.  There are today 861 people in Gary. There were 98,887 in McDowell County in 1950.  Today there are fewer than 23,000.  The countywide per capita average income is $12,585.  The median home value is $30,500.  Gary’s rutted streets are lined by empty clapboard houses with sagging roofs.”

Hedges himself has written a TomDispatch introduction to the excerpt, which follows…

A World of Hillbilly Heroin
The Hollowing Out of America, Up Close and Personal

During the two years Joe Sacco and I reported from the poorest pockets of the United States, areas that have been sacrificed before the altar of unfettered and unregulated capitalism, we found not only decayed and impoverished communities but shattered lives. There comes a moment when the pain and despair of constantly running into a huge wall, of realizing that there is no way out of poverty, crush human beings. Those who best managed to resist and bring some order to their lives almost always turned to religion and in that faith many found the power to resist and even rebel.

On the Pine Ridge Lakota reservation in South Dakota, where our book Days of Destruction, Days of Revolt opens, and where the average male has a life expectancy of 48 years, the lowest in the western hemisphere outside of Haiti, those who endured the long night of oppression found solace in traditional sweat lodge rituals, the Lakota language and cosmology, and the powerful four-day Sun Dance which I attended, where dancers fast and make small flesh offerings.

In Camden, New Jersey, it was the power and cohesiveness of the African-American Church. 

Men Explain Things To Me…


From REBECCA SOLNIT
Best of Tom Dispatch

One evening over dinner, I began to joke, as I often had before, about writing an essay called “Men Explain Things to Me.” Every writer has a stable of ideas that never make it to the racetrack, and I’d been trotting this pony out recreationally every once in a while. My houseguest, the brilliant theorist and activist Marina Sitrin, insisted that I had to write it down because people like her younger sister Sam needed to read it. Young women needed to know that being belittled wasn’t the result of their own secret failings; it was the boring old gender wars. So lovely, immeasurably valuable Sam, this one always was for you in particular. It wanted to be written; it was restless for the racetrack; it galloped along once I sat down at the computer; and since Marina slept in later than me in those days, I served it for breakfast and sent it to Tom later that day.

That was April 2008 and it struck a chord.  It still seems to get reposted more than just about anything I’ve written at TomDispatch.com, and prompted some very funny letters to this site. None was more astonishing than the one from the Indianapolis man who wrote in to tell me that he had “never personally or professionally shortchanged a woman” and went on to berate me for not hanging out with “more regular guys or at least do a little homework first,” gave me some advice about how to run my life, and then commented on my “feelings of inferiority.” He thought that being patronized was an experience a woman chooses to, or could choose not to have — and so the fault was all mine. Life is short; I didn’t write back.

Young women subsequently added the word “mansplaining” to the lexicon. Though I hasten to add that the essay makes it clear mansplaining is not a universal flaw of the gender, just the intersection between overconfidence and cluelessness where some portion of that gender gets stuck.

The battle for women to be treated like human beings with rights to life, liberty, and the pursuit of involvement in cultural and political arenas continues, and it is sometimes a pretty grim battle. When I wrote the essay below, I surprised myself in seeing that what starts out as minor social misery can expand into violent silencing and even violent death. Last year’s Nobel Peace Prize went to women, two Liberians and a Yemeni, “for their non-violent struggle for the safety of women and for women’s rights to full participation in peace-building work.” Which is to say, that safety and full participation is only a goal…

Complete article here
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GMO Labeling Prop 37 Solution to Walmart’s Untested, Unlabeled, Toxin Spliced Corn…


From ZACK KALDVEER
Yes on 37 Right to Know Campaign

[We need Ukiah volunteers for Proposition 37, the Labeling of Genetically Engineered Foods campaign that is on the November ballot. Are you interested or do you know anyone who might be interested in tabling at the Farmers Market or other fun events in town? Call today to help in our efforts to pass Proposition 37. We have the right to know what’s in our food. Biotech/Agribusiness is pouring tens of millions of dollars into the campaign to defeat labeling and to confuse the issue. We need you to talk to people and clarify the Proposition.  We will support you so you can talk comfortably about the issue. Please call or email now to help.  Join other local volunteers who have the same concerns as you do.

Please call Eileen Mitro at 707 234 0380 or email emitro@pacific.net]

As the summer winds down, family barbeques are in full swing and supermarkets are filled with shoppers searching for the right foods to grill up with friends and neighbors.

But do they really know what they’re buying? What they may not know is that Walmart has admitted it will soon start selling agrichemical giant Monsanto’s sweet corn, which has been genetically engineered with an insecticide inside it — not on the corn, but IN it.

Bt toxin works as an insecticide by disintegrating the lining of insects’ stomachs when they chomp on the corn.  So what is this doing to the bodies of adults or children who eat the corn? We don’t know.

The genetically engineered sweet corn, which has also been manipulated at the DNA level to withstand pesticides that are sprayed on it, has never been proven safe. The US Food and Drug Administration require no safety testing of genetically engineered foods.  No long-term health studies have been conducted, and no labeling will be provided to alert unsuspecting consumers exactly what they are eating.

Yet there are studies showing there is reason for concern. For example, a 2009 study in the International Journal of Biological Sciences linked Monsanto’s genetically modified corn to kidney and liver damage in rats.

Heart Surgeon Speaks Out On What Really Causes Heart Disease…


From DR. DWIGHT LUNDELL
PreventDisease

We physicians with all our training, knowledge and authority often acquire a rather large ego that tends to make it difficult to admit we are wrong. So, here it is. I freely admit to being wrong. As a heart surgeon with 25 years experience, having performed over 5,000 open-heart surgeries, today is my day to right the wrong with medical and scientific fact.

I trained for many years with other prominent physicians labelled “opinion makers.” Bombarded with scientific literature, continually attending education seminars, we opinion makers insisted heart disease resulted from the simple fact of elevated blood cholesterol.

The only accepted therapy was prescribing medications to lower cholesterol and a diet that severely restricted fat intake. The latter of course we insisted would lower cholesterol and heart disease. Deviations from these recommendations were considered heresy and could quite possibly result in malpractice.

It Is Not Working!

These recommendations are no longer scientifically or morally defensible. The discovery a few years ago that inflammation in the artery wall is the real cause of heart disease is slowly leading to a paradigm shift in how heart disease and other chronic ailments will be treated.

The long-established dietary recommendations have created epidemics of obesity and diabetes, the consequences of which dwarf any historical plague in terms of mortality, human suffering and dire economic consequences.

Despite the fact that 25% of the population takes expensive statin medications and despite the fact we have reduced the fat content of our diets, more Americans will die this year of heart disease than ever before.

Statistics from the American Heart Association show that 75 million Americans currently suffer from heart disease, 20 million have diabetes and 57 million have pre-diabetes. These disorders are affecting younger and younger people in greater numbers every year.

Simply stated, without inflammation being present in the body, there is no way that cholesterol would accumulate in the wall of the blood vessel and cause heart disease and strokes.

William Edelen: Physics and Mystics…


From WILLIAM EDELEN
The Contrary Minister
Toward the Mystery

“I believe in mystery and that also we experience some of the most beautiful things in life in a very primitive form. In relation to these mysteries I consider myself to be a spiritual man. He who cannot stand in wonder and awe before the Mystery is as good as dead.” -Albert Einstein

What few realize is that the most brilliant of our Nobel Prize winning physicists were also mystics. Their writings on this subject are the most beautiful I have ever read. Mysticism and Physics are fraternal twins.

Students of both believe in a mystical world view that embodies the world as spiritual and material; classifications of organic and inorganic, animate and inanimate are archaic and invalid.

One of the most treasured books in my library is Quantum Questions edited by Ken Wilber, “the mystical writings of the worlds greatest physicists”.

In Sir Arthur Eddington’s Defense of Mysticism he writes: “A defense of the mystic would run something like this. We have acknowledged

Why In The World Are They Spraying?


Thanks to ROSALIND PETERSON
California Skywatch
Redwood Valley

People around the world are noticing that our planet’s weather is dramatically changing. They are also beginning to notice the long lingering trails left behind airplanes that have lead millions to accept the reality of chemtrail/geoengineering programs. Could there be a connection between the trails and our severe weather? While there are many agendas associated with these damaging programs, evidence is now abundant which proves that geoengineering can be used to control weather. In this documentary you will learn how the aerosols being sprayed into our sky are used in conjunction with other technologies to control our weather. While geoengineers maintain that their models are only for the mitigation of global warming, it is now clear that they can be used as a way to consolidate an enormous amount of both monetary and political power into the hands of a few by the leverage that weather control gives certain corporations over the Earth’s natural systems. This, of course, is being done at the expense of every living thing on the planet.
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5 Ways Privatization Is Ruining America…


From PAUL BUCHHEIT
AlterNet

We spend lifetimes developing community assets, then give them away to a corporation for lifetimes to come.

A grand delusion has been planted in the minds of Americans, that privately run systems are more efficient and less costly than those in the public sector. Most of the evidence points the other way. Private initiatives generally produce mediocre or substandard results while experiencing the usual travails of unregulated capitalism — higher prices, limited services, and lower wages for all but a few ‘entrepreneurs.’

With perverse irony, the corruption and incompetence of private industry has actually furthered the cause of privatization, as the collapse of the financial markets has deprived state and local governments of necessary public funding, leading to an even greater call for private development.

As aptly expressed by a finance company chairman in 2008

Todd Walton: Civil War


From TODD WALTON
Under The Table
Mendocino

“I am a firm believer in the people. If given the truth, they can be depended upon to meet any national crisis. The great point is to bring them the real facts.” Abraham Lincoln

I was on the phone with my old pal John Grimes, a cartoonist with funny and provocative insights about American society, and John said, “It’s 1850 all over again. The nation is as deeply divided as we were right before the Civil War.”

My initial reaction was to agree with John—visions of red states versus blue states dancing in my head—but the more I thought about his idea, the more I disagreed. I don’t think America is divided, except that six people with my last name (no relations) have more money than forty-two per cent of all the people in America.

Tom Morello: Paul Ryan Is the Embodiment of the Machine Our Music Rages Against…


From TOM MORELLO
Rolling Stone

Last week, Mitt Romney picked Paul Ryan, the Republican architect of Congress’s radical right-wing budget plan, as his running mate. Ryan has previously cited Rage Against the Machine as one of his favorite bands. Rage guitarist Tom Morello responds in this exclusive op-ed.

Paul Ryan’s love of Rage Against the Machine is amusing, because he is the embodiment of the machine that our music has been raging against for two decades. Charles Manson loved the Beatles but didn’t understand them. Governor Chris Christie loves Bruce Springsteen but doesn’t understand him. And Paul Ryan is clueless about his favorite band, Rage Against the Machine.

Ryan claims that he likes Rage’s sound, but not the lyrics. Well, I don’t care for Paul Ryan’s sound or his lyrics. He can like whatever bands he wants, but

Paul Ryan Is Your Annoying Libertarian Ex-Boyfriend…


From ANN FRIEDMAN
NYMag

In the dating world, an infatuation with Ayn Rand is a red flag. You might not see it right away: Your date is probably conventionally attractive, decidedly wealthy, and doesn’t really talk politics. But then you get back to his apartment, set your bag down on his glass-topped coffee table, give his bookshelf the once-over — and find it lined with Ayn Rand.

You think back to your conversation at the bar: He treated flirtation like a conquest, a rationally self-interested sexual manifest destiny. He had some dumb pickup-artist questions and maybe a questionable accessory (a cravat? a fedora? a weird pinky ring?) but you overlooked these things, because he was quite charming.

But that dog-eared copy of Atlas Shrugged tells you everything you need to know. He sees himself as an objective iconoclast. He’s unapologetically selfish, because it’s only rational

On 77th Birthday, Social Security Under Attack…


From BERNIE SANDERS

We are now in the midst of the fiercest and best-financed attack against Social Security in our lifetimes.

Instead of getting a birthday celebration for its wild success, Social Security is under direct by the nation’s wealthiest individuals.

Hundreds of millions of dollars are now being spent to destroy Social Security and endanger the well-being of millions of Americans. We must not allow that effort to succeed.

In the years since President Franklin Roosevelt signed Social Security into law on August 14, 1935, the retirement program has been one of the nation’s most successful anti-poverty programs. Before Social Security existed, about half of America’s senior citizens lived in poverty. Today, less than 10 percent live in poverty. Since its inception some 77 years ago, through good economic times and bad, Social Security has paid out every penny owed

The Beat Generation in San Francisco…


From CITY LIGHTS BOOKS

The Beat Generation in San Francisco is a blow-by-blow unearthing of the places where the Beat writers first came to full bloom: the flat where Ginsberg wrote “Howl;” Gary Snyder’s zen cottage in Berkeley; the ghostly railroad yards where Kerouac and Cassady toiled; the pads where Jack & Neal & Carolyn lived; Ferlinghetti’s favorite haunts. This meticulous guide also brings to light never-before-heard stories about Corso, Bob Kaufman, DiPrima, Kyger, Lamantia and other West Coast Beats. A entertaining read as well as a practical walking (and driving) tour that covers the entire Bay Area. With an introduction by Lawrence Ferlinghetti.

There’s no other spot in San Francisco that embodies the beatific fifty-year history of the Beat Generation better than City Lights Books, still at 261 Columbus Avenue, in the heart

Gene Logsdon: Feeding The Buzzards


From GENE LOGSDON
The Contrary Farmer

Walking over the brow of a hill in my pasture, I came upon the most ghastly, heart-stopping sight I’ve ever seen on the farm, or anywhere else for that matter. Perched on six fence posts in a row were six turkey vultures, alias Cathartis aura, or what we call buzzards. What made the scene so awesome was that when the big birds saw me, they raised their wings above their heads, as if preparing to launch into the air, but then just remained motionless. Each set of those wings spans some six feet from tip to tip, making the birds look bigger than eagles, bigger than condors, bigger to my startled eyes than Boeing 707s. Think of the mythical Thunderbird of American Indian folklore. Now think of six of them in a row at eye level, transfixing you with beady stares from stony eyes set in flaming red heads, surrounded by black feathers of doom. Adding to the ghoulish scene were more buzzards on the ground

The Heretic…


From TIM DOODY
The Morning News

For decades, the U.S. government banned medical studies of the effects of LSD. But for one longtime, elite researcher, the promise of mind-blowing revelations was just too tempting.

At 9:30 in the morning, an architect and three senior scientists—two from Stanford, the other from Hewlett-Packard—donned eyeshades and earphones, sank into comfy couches, and waited for their government-approved dose of LSD to kick in. From across the suite and with no small amount of anticipation, Dr. James Fadiman spun the knobs of an impeccable sound system and unleashed Beethoven’s “Symphony No. 6 in F Major, Op. 68.” Then he stood by, ready to ease any concerns or discomfort.

For this particular experiment, the couched volunteers had each brought along three highly technical problems from their respective fields that they’d been unable to solve for at least several months. In approximately two hours

Ryan — Just another right-wing, granny-starving, phony-balony hypocrite…


From CHARLES P. PIERCE
Esquire

I was struck by the revelation in yesterday’s paean to zombie-eyed granny-starving in the Times, that young, up-from-the-muddy-bootstraps Paul Ryan, the plucky burger-flippin’ success story from darkest Janesville, Wisconsin, had amassed a fortune of “between three and $7.7 million” without having held a more lucrative job than “Congressman” at any point in his adult life. Then, I noticed another item. Namely, that:

Mr. Ryan reported two tax-deferred college savings plans, with a combined value of between $150,000 and $300,000. He also reported two investment partnerships worth, in total, between $350,000 and $750,000, mostly containing shares of stock in well-known companies

Money Down a Rathole: College, Healthcare, Housing…


From CHARLES HUGH SMITH
of two minds . com

Households are dumping trillions in hard-earned income down ratholes with marginal returns: costly higher education, healthcare and housing.

What happens when households dump huge percentages of their stagnant incomes down marginal-return ratholes? They get less wealthy, which is exactly what we’re seeing. The average American household has been persuaded that pouring money into costly higher education, healthcare and housing are all “investments” that offer high yields.

Sadly, the opposite is true: the returns on these stupendously costly investments is marginal or negative. Let’s start with higher education, a topic I have discussed at length numerous times.

Paul Ryan’s Slasher Novel…


From MICHAEL KINSLEY
Politico

The fiscal savior of this country will be the person who persuades us to bite the bullet: Accept some pain now to remain prosperous later. That person will not be Rep. Paul Ryan.

The reviewers agree: The Path to Prosperity, aka the Republican budget proposal for 2012… by the House Budget Committee — which Ryan chairs — is one helluva read. To liberals, it’s the nightmare of a madman with an ax chasing you down a long hallway. To conservatives, it’s a sweet dream of wonderland, where angels dine on Heritage Foundation press releases. Right or wrong, it is said, Ryan has at last set the stage for an honest debate about government spending and the federal deficit.

But he hasn’t. The Path to Prosperity purports to be something that’s been missing since Ronald Reagan’s first inaugural address in 1981. For 30 years, Republicans have demanded a balanced budget without producing one, even on paper. What would it look like?

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