Well, the slow crumbling of the
European economy continues this week. One of the largest banks in
Spain has pleaded with the government for emergency funding as it
basically has run out of money. Depositors in Greece continue
withdraw euros at a frantic rate and as my friend in Germany says,
the people of Germany are not happy at all and know that the poor
countries of Europe will continue to suck money from them to prop up
their own economies.
A Mr. Porter from BMO Nesbitt Burns in
a column in the Globe and Mail said that the crisis in Europe has
cost the European economy over
2 TRILLION in the 3 weeks since the Greek
election happened!
You ever stretch a rubber band just a
bit too much and have it snap in your hands unexpectedly? Do not look
now but the European economy might be at that point.
Here is a thought – what if the
Germans say that enough is enough and that they will leave the Euro?
Hmmmmm.................................
In the United States, the leader of the
House majority party, a Mr. Boehner is gleefully promising the same
budget impasse as last year which only resulted in a credit downgrade
of the American credit rating. This just had the effect of raising
interest rates and the cost of borrowing which resulted in cuts to
many social programs that hurt the poor, elderly, sick and
impoverished minorities – the exact opposite of the rich cat
Republican party supporters who continually bemoan the horrible tax
rate they pay. However if you look back to 1944 the tax rate on the
so called wealthy was 94% compared to 34% in 2008!
Still believe the rhetoric from the
Republicans, Tea Party folks and quack journalists like Rush
Limbaugh?
The fact is that the wealthy should pay
more but also that the American society has to rethink its social
contract with the people. Health care is criminally expensive yet
almost anyone can get a marijuana smoking permit (hello California!)
or it is apparently ridiculously easy to get a medical disability
income for things like a “sprained” back that never gets better
or a number of other system abuses that never get caught. Sadly there
are way too many people that actually need this kind of help but the
number of scofflaws is destroying the system. And taxes do have to go
up to help rebuild the country's infrastructure and pay down the
accumulated debt. One way to start might be to look at military costs
and war actions out of country. Maybe the rest of the world could
actually start to carry their share of fiscal and physical
responsibility in keeping the world safe.
Hello Africa and Europe and the Far
East.
How about you taking over keeping South
Korea safe? Or footing the whole bill to get rid of the pirates from
Somalia and the rest of that region? Or how about getting rid of the
useless United Nations? Or instead of Africa spending money from oil
resources and diamonds on guns and warfare, spending the money to
improve the life of people in Africa?
How novel!
The iconic Golden Gate bridge in San
Francisco celebrates its 75 birthday this week – wonderful
structure, a rare piece of beauty in a world of too many ugly
construction projects.
In Syria the bloodshed continues
unabated with over 32 children being murdered in the area called
Houla this week.
The world still sits on its hands.
Where is the Arab League in this? Do
the yanks always have to do the heavy lifting in these matters?
Seems so, what a crock!
I see where the great democratic
country of Pakistan has sentenced a doctor to 32 years in prison for
aiding the Americans in finding Osama Bin Ladin and terminating his
existence. And they riot against Americans and still gladly take
money in military and economic aid from the United States? In this
case maybe the Americans should re-examine this relationship because
it does seem to be one sided doesn't it?
So the butler to the Pope is in Vatican
jail facing charges of leaking confidential documents to the press.
First off, since when does the”humble
parish priest of God” need a butler anyway? Secondly, maybe this is
a good thing as it seems that the church is not accountable to anyone
in the way it turns a blind eye over the years to the sexual abuse of
boys by their priests. Indeed when these “men” are caught –
they usually get promoted or disappear into the inner sanctum of the
Vatican never to be seen again or to serve any punishment at all.
Sort of a prime example of an old boys network looking after
themselves and the hell with you or a case of do as I say and not as
I do!
In Russia President Vladimir Putin
steered Dmitry Medvedev into the chairmanship of Russia's ruling
party today and demanded reforms to the flagging organization he will
rely on to keep his grip on the country's far-flung regions. Another
example of a corrupt old boys network would you not think?
In Argentina, President Cristina
Fernández de Kirchner apparently indicated that she will not be
running for re-election. That is a story that will bear following as
it unfolds.
So we went out the last couple of
evenings and bought annual flowers to plant around the house and yard
for the year. The ritual of doing this brings a sense of fulfilment
in that yes, Spring is almost over and we can look forward to a nice
summer and enjoy the outside for the few short months we have in
Saskatchewan. My northern ferns are slowly starting to emerge in
their corner of the rear yard and I look forward to the abundance of
leafy green they will provide, as well as the fond memories they stir
of happy times camping and fishing in the north of this province.
We had almost a full week of mist and
rain before it cleared this past Friday and normally when I cut the
grass I manage to get 2 – 3 bags of clippings. Not this time, after
hacking my way through the underbrush I ended up with 6 bags!
Ouch!
Oh well, in another 6 months snow might
be on the ground.
In this day in history, 1944
Jean-Paul Sartres "Huis Clos," premieres in Paris and in
1907
Bubonic Plague breaks out in San Francisco.
Well, that is it for another week my
friends.
Take care out there,
flatlander52
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