Swedish Meatballs
1 day ago
But, seriously, I mean no disrespect, especially in this holiday celebration of fellowship and thanksgiving. And, yes, I'm familiar with the phrase "de gustibus non est disputandum"—there's no arguing about taste. But in the case of white meat from a Thanksgiving turkey, well, I'd argue about that.Read More......
White meat turkey has no taste. Its slabs of dry, fibrous material are more like cardboard conveyances, useful only for transporting flavorsome food like stuffing and gravy from plate to mouth. It's less a foodstuff than a turkey app, simulated meat, a hyperlink to real food.
But I am fascinated by how tastes get made and unmade, the intersection of culture, class and sensory responses. Not being a postmodernist I wouldn't call the overwhelming American preference for white-meat turkey a form of cultural hegemony. More like a mass hallucination. Why, for instance, hasn't white meat shared the same fate, the same cultural disenfranchisement, as packaged white bread?
I actually never thought that Barack Obama was anything but a typical Democratic party politician, which to me meant that he was probably in bed with Wall Street. I did think that he was a smart guy, and his heart was in the right place. I was disappointed at the extent to which he went overboard to be a pal of Wall Street after he got elected, but I wasn’t that terribly surprised. His number one campaign contributor was Goldman Sachs. When he got elected, he immediately brought in a whole army of people who had been close to Bob Rubin, Citigroup officials, Goldman Sachs guys. So it’s not surprising that we got the economic policies out of him that we got. I think a lot of people had expectations for him that were unreasonable.Read More......
He told the paper that "while every interest group that testified before his committee agreed that the mounting federal debt is a national tragedy, they would then talk about why government funding to their area of interest shouldn't be touched."Read More......
"We had the greatest generation," Simpson said. "I think this is the greediest generation."
The problem, Simpson explained, is the "polarized" country we live in, and the media that exemplifies it. He then to reeled off the media figures ruining America for deficit commissioners like him.
In the bars of Antwerp and the cafes of Bruges, the talk is less of Christmas markets and hot chocolate than of the rising cost of financing a national debt which has reached 100% of annual national income.Read More......
Like Ireland, struggling to fend off criticism of its austerity package, there are signs that international bond investors are starting to view Belgium as living on borrowed money and borrowed time.
To make matters worse, it has a broken political system and is without a government since April. International money market traders today pushed the cost of insuring Belgium's debts to record levels. The interest payments still fall short of those charged for Spain's government the Portuguese, but analysts said the gap was narrowing quickly.
American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms.Read More......
The government does not adjust the numbers for inflation, in part because these corporate profits can be affected by pricing changes from all over the world and because the government does not have a price index for individual companies. The next-highest annual corporate profits level on record was in the third quarter of 2006, when they were $1.655 trillion.
Corporate profits have been doing extremely well for a while. Since their cyclical low in the fourth quarter of 2008, profits have grown for seven consecutive quarters, at some of the fastest rates in history. As a share of gross domestic product, corporate profits also have been increasing, and they now represent 11.2 percent of total output. That is the highest share since the fourth quarter of 2006, when they accounted for 11.7 percent of output.
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