BBC News – Ireland faces new wave of emigration.
It is not only the Irish. There are also many young Spaniards, French, Portuguese, Italians, emigrating to Germany Australia, Canada, and the U.S. But the euro is dropping and that may mean that European exports will become cheaper. Italy’s bonds are selling at lower interest. There could be light at the end of the long eurozone tunnel.
Meanwhile, the U. S. economy continues to sputter. It is moving but painfully so.
Employment is a function of supply, which in turn is a function of demand, which in turn is a function of disposable, income, wages, wealth shaped in a reasonably low and widely-based pyramid. Does anybody understand that concatenated relationship? It is of no use to have cheap credit if there is no demand.
Who cares if Iran develops a nuclear weapon? That is why we have a nuclear deterrent, isn’t it? North Korea and Pakistan both have nukes and the chances of terrorists getting their hands on one bomb are at least as great in those countries as it would be in Iran.
Is it in the interests of the United States to enter another conflict? My answer is a resoundingly no and I urge the president not to sign the law black-listing the Iranian Central Bank. The ICB sells the Iranian oil. The law would essentially be an embargo against Iran. President Obama has said he does not like the law but will sign it anyway… Why is he doing it then for?
Every war-monger I have seen would not be doing the fighting.
China is looking north. China does not invade anybody for oil. They simply buy it.
China is the largest trading nation and has the largest merchant fleet in the world. While we develop the new super aircraft carrier, the Ford Class, they build the largest container ships.
The Arab Spring stretches into Winter:
Fighting continues in Syria, Egypt, Yemen. Tunisia and Libya sound like success stories although un islamist party won the first elections in Tunisia – not a surprise considering they were the spearhead of the resistance for many years.
And poor New Jersey, ends the year with the announcement – by the governor himself – that 2012 will be the year of education. It is ironic, Fidel Castro, a master of demagoguery, used to dedicate the years to some grand enterprise too, at least during the first decade of the revolution. Yes, we had an education year in Cuba too and if I remember well it was 1961.
So for New Jersey, 2012 will be the year of the dismantling of public education while the root factors in the failing districts are ignored. Why are they ignored? Because they are ideological taboos for this governor.
To educate more and better, we must have the children in an education-auspicious-setting for longer time; much longer time.
In the meantime, out New Jersey economy stumbles along at a languid pace, and a dentist in central New Jersey measures our decay in the teeth of his patients:
We are not only losing our jobs and our homes; we are losing our teeth too.