US Economic Recovery: Part XX

July, 2010:
Machinery maker Caterpillar's second-quarter earnings surged 91 percent, helped by gains in sales of its equipment for industries like mining, infrastructure and energy.
Caterpillar is an industrial bellwether, so its earnings show that the recovery may have some steam.

Today. August 20th, 2014:
"[I]n October 2008, the month after Lehman failed and the Great Recession started, industrial bellwether Caterpillar underwent a series of 19 consecutive, record, declines in Global dealer retail sales
as of July 2014, that record is no longer valid, because starting with a -1% drop in Global retail sales in December 2012, CAT has now posted a new record of 20 consecutive global dealer retail sales declines, after a -9% Y/Y print for the month of July.



We Must Remain Vigilant in Safeguarding Press Freedoms

"[I]n a news conference Monday at the White House, the President also said freedoms of assembly and the press must be “vigilantly safeguarded”

"[I]'ve  been in several conflict zones: I was in the civil war regions in Georgia, the Gaza strip, illegally visited the Kaliningrad region when travel to the Soviet Union was still strictly prohibited for westerners, I've been in Iraq, Vietnam and in China, I've met Cuba dissidents. But to be arrested and yelled at and be rudely treated by police? For that I had to travel to Ferguson and St. Louis in the United States of America."

"The New York Times reporter James Risen, who faces jail over his refusal to reveal a source and testify against a former CIA agent accused of leaking secrets, has called President Barack Obama “the greatest enemy of press freedom in a generation”.


US Economic Recovery: Part IXX


Barack W. Obushma

Saddam Hussein and al-Qaeda link allegations were made by U.S. Government officials who claimed that a highly secretive relationship existed between former Iraqi President Saddam Hussein and the radical Islamist militant organization Al-Qaeda from 1992 to 2003.

"The Sept. 11 commission reported yesterday that it has found no "collaborative relationship" between Iraq and al Qaeda, challenging one of the Bush administration's main justifications for the war in Iraq."

"We are continuing this policy in bleeding America to the point of bankruptcy.
"All that we have to do is to send two mujahedeen to the furthest point east to raise a piece of cloth on which is written al Qaeda, in order to make generals race there to cause America to suffer human, economic and political losses without their achieving anything of note other than some benefits for their private corporations," bin Laden said.

The U.S. government's total debt in 2001 was $5.8 trillion

Today, ISIS holds a fair amount of territory in both Iraq and Syria — a mass roughly the size of Belgium. One ISIS map, from 2006, shows its ambitions stopping there — though interestingly overlapping a lot of oil fields:

"President Obama said on Saturday that the airstrikes and humanitarian assistance drops he ordered last week in Iraq could go on for months, preparing Americans for an extended military presence."

Current U.S. government's total debt is $17.7 trillion


US Economice Recovery: Part XVIII

After making fighting income inequality an early focus of his second term, President Obama has largely abandoned talk of the subject.
I Am The Black Mascot of Wall Street