DoomwatchTM vs. Timesizing®

Collapse trends - January 10-31, 2004
[Commentary] ©2004 Philip Hyde, The Timesizing Wire, Box 622, Cambridge MA 02140 USA (617) 623-8080 - HOMEPAGE


1/27/2004  12 headlines from hell in the Wall St. Journal (j) &/or NY Times (t) - missing earlier and later dates are handled entirely on current homepage or archive pages -
  1. Fiscal 2004 deficit estimate is basically unchanged at $477 billion, CBO said (j.A1)
  2. Long-term deficit expected to widen (j.A2)
  3. Hey, big gov't spender - by taking next generations' money without their consent, Bush is stealing (j.A15)
  4. Red ink realities - federal tax receipts now at lowest level since 1950 & income & corporate taxes combined take smallest share of national income since 1945 (t.A27)
  5. Rehnquist rebuffed calls for him to advise Scalia to recuse himself from energy-panel case over social ties to Cheney (j.A1)
  6. How driving prices lower can violate antitrust statutes - 'monopsony' suits mount as firms accused of squeezing suppliers (j.A1) - WSJ now seeing value of antitrust?!
  7. Talking politics, Maureen Dowd says Dean & wife far from mainstream cuz disconnected from each other's careers (t.A26) - Dowd morphing into Phyllis Schlafli?
  8. Leader of polygynous sect faces rebellion from within (t.A15) - barbarous hogging of women goes unprosecuted by Utah or Ariz.
  9. Bill Gates to receive honorary knighthood (j.B5) - barbarous hogging of money gets rewarded by UK (def'n of money hogging? failure to reinvest at source)
  10. Housing prices continue to rise - But a new study suggests bubble mentality has developed in some of the hotter markets (j.D1)
    [Compare -]
    Housing cost makes many 'have nots,' study says - Number of households that spent more than 30% of income on housing: 11,000 in 1990; 600,000 in 2000, 1/25/2004 Boston Globe, J1
  11. Italy's small investors fume - Money heads for mattresses as losses on securities mount - Italy's major banks stand to lose E100m's in loans to Parmalat, but loss of trust in bankers could hurt more (j.A13)
  12. Bird flu spreads to 8th Asian nation, Pakistan - already in China, South Korea, Japan, Hong Kong, Vietnam, Indonesia, Thailand (j.A12)
1/24-26/2004  14 headlines from hell in the Wall St. Journal (j) &/or NY Times (t) - missing earlier and later dates are handled entirely on current homepage or archive pages -
  1. [another downside of globalization hustle -]
    Bird flu virus spreads to Thailand with chicken exports (1/24 t.A1, 1/26 j.A13)

  2. Bad loans at South Korean banks jump 23% due partly to creditcard defaults (1/26 j.A13) - need spread work & pay with 40-hr workweek now, not July

  3. Brazil's moment - populist prez Lula displaces US-leaning Fox as LatAm leader (1/24 t.A28)

  4. U.S., Costa Rica reach free trade area accord (1/26 j.A13) - spider CEOs of U.S., having vacuumed Mexican maquiladoras to Asia, enmesh another temporarily juicy fly

  5. Toyota beats Ford as 2d biggest carmaker (1/16 j.B2)

  6. Adieu N.H. - early NH primary loses its basic purpose cuz down-home tradition drowned out by mass media (1/24 t.A28)

  7. 'Kennedy' comeback, old populism in new bottles with surge by Kerry & Edwards - 'sure we voted for the war, but who knew?' (1/26 t.A27) - anyone with half a brain knows you don't do pre-emptive unilateral war

  8. Poverty & charity endure in NYC, co-dependent, complementary pathologies without timesizing (1/24 t.A28)

  9. [mounting list of exceptions US-style 'free trade' goods = agricultural, lumber, minerals, steel, textiles, tobacco, & now -]
    low-cost medicines from Canada spun as 'unsafe' (1/24 t.C1,C4)

  10. 'Ahead of the tape,' the return to rampant speculation as in nanotech make you mourn how little people learned from the dot-com bubble (1/26 j.C1) - why? so much income concentration, top brackets have no alternative

  11. More and more autism cases (1/26 t.A1) - yeah, especially in the White House

  12. Bush targets cutting deficit to $200B in 5 yrs - sure, sure (1/24 t.B1,A9)

  13. Bush lost in space, commander in chief of War on Terror that has no limits & War in Iraq that has no exit (1/25 bg.H11)

  14. [latest list of autistic Bush outrages from Boston Globe -]
    1/24 Yes, marriage is under attack, letter to editor by Laurie Nordman of Westborough MA, BG, A12.
    As pResident Bush sets out to defend marriage, might I suggest that he focus on alleviating the underlying stresses that contribute to America's current divorce rate of 40-50%.
    Marriage is [indeed] under attack, but not by gay unions, as the pResident suggests. It's under attack from the burden of worries married couples face, worries completely unrelated to whether gay couples get the same [legal protections] we heteros do. With half of all marriages ending in divorce, there's no question that marriage needs defending. But gay unions aren't the problem; the problem is the stress and worry inflicted by the pResident's failed or missing policies. pResident Bush can best defend marriage by spending more time trying to fix our economic, education, and health problems, and less time worrying about people's sexual preferences. America will be better and stronger for it.
    [Compare -]
    1/25 Bush's selective omissions, letter to editor by Rob Stegman of Needham MA, Boston Globe, H10.
    In the otherwise excellent article by Susan Milligan and Bryan Bender, "Bush used selective data in his address, critics say" (1/22 BG, A3), the reporters missed a few key omissions in the State of the Union address. For example, in his speech pResident Bush proposed increases in job training and education, support for community colleges and larger Pell grants for college students. What he didn't mention was that in previous budgets he had cut - As always with this pResident, it is more revealing...what he does than...what he says.
    [And here's the list from the previous article -]
    Bush used selective data in his address, critics say - Incomplete picture is alleged by some on Iraq and jobs, by Milligan & Bender, 1/22/2004 Boston Globe, A3.
    [Phew, when not even the Boston Globe will come out and say, "Bush lied", America is roadkill. Plus they use the word "president" as often as they can. We don't.]
    DC - ...Bush's State of the Union speech painted a rosy picture of his administration's foreign and domestic accomplishments. But [his] selective use of information - and, critics say, some exaggerations - obscured the troubles plaguing the economy at home and democracy-building efforts overseas.
    [How about democracy rebuilding efforts at home?]

1/23/2004  bonus headline from hell -

1/17-19/2004  2 headlines from hell in the Wall St. Journal & NY Times -
  1. 1/17 The falling dollar, letter to editor by Bruce Boghosian of Lexington MA, Boston Globe, A10.
    Robert Kuttner's column "This business cycle could get vicious" (op ed, Jan.7) did a fine job of debunking the administration's claims of economic recovery.
    An additional point he could have made in support of his argument is that the value of the dollar is now at a low not seen in decades. We have been encouraged to celebrate the fact that the [dollar-denominated] Dow...has risen from about 8400 at the beginning of 2003 to recent values in the vicinity of 10,500 - an increase of more than 30%. During that same period, however, the dollar has dropped in value from about o.9524 euros to about 0.7874 euros.
    A lightning calculation tells us that as far as Europeans are concerned, the Dow has gone from 8,000 euros to [only] 8,268 euros - an increase of only 3.35%.
    [And there would a similar small increase in yen from the Japanese point of view.]
    In other words, from Europe's perspective, there has been no US [stock] recovery.
    [...let alone general economic recovery considering recent disappointing jobs reports.]
    While a low dollar may be temporarily good news for wealthy US industrialists who export, it is quite the opposite to consumers who must purchase imported items. The Bush administration is simply gambling that the American people will not notice that they are the victims of an elaborate shell game until after the Nov. election.

  2. 1/18 Measuring morals - Researchers ask if Americans are cheating more [yes] and what can be done about it, by Laura Secor (not to be confused with Canada's 1812 war heroine and now, candy store, Laura Secord), Boston Globe, H1.
    "In corporate America today," declared former Vermont governor Howard Dean in last Sunday's Iowa debate, "this pResident has turned a blind eye to morality.
    [Compare GOP presidents Warren Harding and Calvin "the business of America is business" Coolidge, and Dem prez Bill "guess I'll pardon Mark Rich in return for all this money" Clinton.]
    We have lost our moral compass in this country...."
    Dean might well have taken a leaf out of a provocative new book by David Callahan. In "The Cheating Culture: Why more Americans are doing wrong to get ahead" (Harcourt), Callahan argues that while conservatives crow about family values and sexual morality, their fiscal policies have created a culture that not only permits but encourages immoral economic behavior.
    [and then job desperation and poverty take it from there.]
    Thanks to - Americans more and more frequently take the quick, dishonest route to wealth, writes Callahan, who runs the public-policy thinktank Demos. "It is just too easy in this society for cheaters to float seamlessly upward, seeing few downsides along the way," he maintains. We cheat on - and from there it is a short leap to the sorts of business and investment fraud that swept America in the 1990s and exploded with scandals like Enron and WorldCom....
    [and Global Crossing and Tyco and Martha Stewart Inc. and Halliburton and Bechtel et cetera. The easiest way to correct this is with the discipline of the market, but not a market with as skewed a playing field as today. The playing field must first be leveled by rebalancing the supply of labor hours and employment hours. And the easiest way to do that is to make the unemployment rate smoothly and automatically adjust the workweek. Thus, as long as unemployment is too high or rising, the reinvestment threshold that defines the top of the workweek gradually lowers and the additional overtime thus created is designed to target, trigger and fund its own resolution via on-the-job training and hiring.]

1/16/2004  headlines from hell in the Wall St. Journal & NY Times - 1/15/2004  headlines from hell in the Wall St. Journal & NY Times - 1/14/2004  headlines from hell in the Wall St. Journal & NY Times - 1/13/2004  surfin' them headlines from hell in the Wall St. Journal & NY Times - 1/10-12/2004  surfin' them headlines from hell -

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