Archive for July 13th, 2010

When Does BP Get Integrity Testing?

Tuesday, July 13th, 2010

Oh boy, another cap, another hopeful sign of not very much progress, or then again, maybe it is!!!

Seems there must be integrity testing of the cap, whatever that means!

Given the previous history, and the fact that BP has been negotiating with the Feds in the event the still uncompleted relief wells don’t work, it seems likely that this one’s going nowhere, but stranger things have happened and ex-Admiral Fifth-Rate seems wildly confident.

Gorilla asks: “Which will come first, a jobs program or the end of the Gulf oil spill?”

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Quote Of The Day

Tuesday, July 13th, 2010

Don’t be fooled, the misogynists walk among us!!!

Deidre McQuade, spokesperson, Conference of Catholic Bishops: “I don’t want to overstate or understate our level of concern. We consider [birth control] an elective drug. Married women can practice periodic abstinence. Other women can abstain altogether. Not having sex doesn’t make you sick.”

Gorilla translates: “Our level of concern is that women remain second-class citizens, punished for having sex in a way that Catholic bishops who condone and cover up pedophilia rarely are.”

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Short Good News, Long Bad News

Tuesday, July 13th, 2010

Greece has sold some more debt, huzzah!!!

Ah, but only 6-month debt, apparently it’s too early to go beyond 2012, when the EU/IMF rescue package supposedly ends.

Meanwhile, Greece itself will face at least a decade of crippling deflation, mass unemployment and social upheaval, all in the name of keeping the Germans happy.

To paraphrase Krugman, it’s just great living in a one size fits one fiscal and monetary regime!!!

Gorilla says: “Greece can wag the dog, but it can’t buy a Frankfurter!”

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French Farce

Tuesday, July 13th, 2010

When the President of France isn’t too busy fending off accusations that he’s a sleazebag, he’s happy to deflect attention by backing a racist assault on liberte, egalite, and fraternite.

Yes, it’s the hijab ban, which is, like the Defense of Marriage Act in the US, aimed entirely at a minority that doesn’t behave the way the majority would like. So the majority will have its way, in the old days with a gun and a gas chamber, these days with a vote and significant tut tutting.

Why not just ban religion altogether? It’s difficult to see how the sexual deviants who wear collars, or the subservient women in their cult who wear habits, are any less of a threat to the French. It’s difficult to see how the United States ever becomes a more inclusive society so long as most religions view misogyny as an acceptable lifestyle.

In fact, the number of hijab wearing women in France is roughly 2,000, in a country of 60 million.

Demonization of minorities is as old as Europe itself: Jews were slaughtered, Gypsies were slaughtered, you name the minority and there’s a reasonable chance a majority somewhere in Europe wanted them dead and/or deported.

15 years after the Serbs slaughtered thousands of Muslims, and Europe did absolutely nothing to stop it, it’s comical to see a European leader cower in fear at the prospect of a few women in hijabs threatening the enjoyment of a local pastis.

It’s not the job of politicians to engage in race baiting, or gender baiting, or sexual orientation baiting, but they do it every chance they get when things aren’t going well.

Gorilla says: “Modern racism comes with everything but the camps, much easier these days to isolate than to kill!”

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The New Credit Sheriff

Tuesday, July 13th, 2010

China’s got a new credit ratings agency, and the grades are a bit different!

Top sovereign credit, AAA?

Norway, Denmark, Switzerland, Singapore, Australia, New Zealand

Nearly there, AA+?

China, Germany, Netherlands, Canada

AA or below?

United States, France, Britain, Italy, Malaysia

Stating the bleeding obvious:

“The reason for the global financial crisis and debt crisis in Europe is that the current international credit rating system does not correctly reveal the debtor’s repayment ability,” said Guan Jianzhong, Dagong’s chairman.

Gorilla says: “We’re all Chinese subprime now!”

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