Mish's Global Economic Trend Analysis |
- French Protest Against Austerity and Prime Minister Valls
- Ukraine Announces Full-Scale Army Operation on Pro-Russian Militants in Seized Buildings; Verge of Civil War; Russia Calls for Emergency UN Meeting
- State Department Cannot Account for Billions of Contracts; It Can Account for $400,000 for Camel Statue in Pakistan
French Protest Against Austerity and Prime Minister Valls Posted: 13 Apr 2014 08:32 PM PDT The French have taken their crusade against austerity to the streets. Organizers say 100,000 hit the streets, government officials say 25,000. The truth is likely to be somewhere in the middle, but as noted numerous times recently, prime minister Manuel Valls is in the spotlight, and not in a good way. Via translation from Les Echos: Left Take Protest in the Streets Against Austerity. Several thousand people demonstrated on Saturday against austerity and the economic plan of the government in the first step of the "Left Opposition" held since the defeat of PS in municipal elections and the arrival of prime minister Manuel Valls.What amazing irony. The French are fed up with the "right wing" policies of one of the biggest socialists on the planet. The French have a right to be upset, at themselves of course. They elected Hollande, and the socialists are on the verge of running France into the ground. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
Posted: 13 Apr 2014 01:15 PM PDT In what some call "crunch time" others a worst case scenario, Ukraine Announces Full-Scale Army Operation on Pro-Russian Militants in Seized Buildings. Ukraine's president says a full-scale operation involving the army will be launched in the east after pro-Russian militants seized government buildings.Troubled Areas Crunch Time Bloomberg reports 'Crunch Time' for U.S., EU as Pro-Russians Battle Ukraine Forces U.S. and European leaders trying to stop the further destabilization of Ukraine have reached "crunch time" as pro-Russian separatists and security forces shoot at each other in the town of Slovyansk, analysts said.Russia Calls for Emergency UN Meeting In response to the violence and threats of further violence Russia Seeks UN Meeting. Russia called for an emergency meeting of the United Nations Security Council tonight after Ukrainian security forces battled pro-Russian gunmen in the eastern town of Slovyansk.Verge of Civil War Unfortunately, evidence suggests Ukraine is on the verge of a civil war. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
Posted: 13 Apr 2014 11:35 AM PDT The state department cannot account for $6 billion in paid bills. The contracts are missing. Did the contracts even exit? If not the money was stolen. The US State Department is unable to explain how it spent billions of dollars worth of contract funds in areas throughout the world, according to a newly unveiled report by the department's internal watchdog.State Department to spend $400,000 for Camel Statue in Pakistan Meanwhile some of the things the state department is wasting taxpayer dollars on is simply absurd. For example, please note that the State Department will Spend $400,000 for Camel Statue in Pakistan. The State Department plans to spend $400,000 in taxpayer dollars to purchase a camel statue for the new American embassy in Islamabad, Pakistan.Camel Contemplating Needle The State Department says $400,000 for that statue is a "bargain". I suggest the statue is clearly a waste of taxpayer money. Can someone even tell me how a Christian biblical reference reflects values of a predominantly Islamist country? If it doesn't, people in Pakistan will object, and the statue will be taken down. Even if the statue does reflect Islamist values, should the state department be promoting Islam or any other religion? Is the statue even religiously accurate? There are some interesting answers in a discussion on the Camel and the Eye of the Needle on the Guardian. Some suggest it's possible there is a mistranslation of similar sounding words, one meaning camel, the other rope. More likely the "needle" refers to a narrow gate in the walls of Jerusalem. One person commented ... The "Eye of the Needle" was indeed a narrow gateway into Jerusalem. Since camels were heavily loaded with goods and riders, they would need to be un-loaded in order to pass through. Therefore, the analogy is that a rich man would have to similarly unload his material possessions in order to enter heaven. Walls of Jerusalem Here is an image of walking through security at the Needle Gate of the Wall of Old Jerusalem. Religious debate aside, we waste money on absurd things. Of course with trillions of dollars sloshing around, perhaps we should be grateful that only $6 billion in contracts is missing. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
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