Corporate profits are the market’s foundation, shaping a new America!
http://wolfstreet.com/…/corporate-profits-are-the-stock-ma…/
Summary: Corporate profits have rising to an amazingly large share of our national income, powering the stock market while GDP and household income lag far behind. This has played a large role in shaping the New America of the 21st C. What caused this rise? What might reverse it? See my column at Wolf Street for answers.
DoD is flush with cash, but running empty of ideas
http://fabiusmaximus.com/…/chuck-spinney-military-spending…/
Summary: While taxes remain low for the rich and our key social and physical infrastructure decays, a few parts of the government thrive. Today Chuck Spinney, one of our most acute observers of the US military, describes how the latest deal made by Congress continues the lavish funding of the US military-industrial complex. Something to remember as you watch the Kabuki plays of Campaign 2016.
Assigning blame for the flooding of Pacific atolls
http://fabiusmaximus.com/…/rising-sea-levels-flood-pacific…/ #climatechange
Summary: Polar bears and pacific atolls (flooded by rising seas) are the poster children for climate change. Oddly, both are weak examples. Previous posts discussed polar bears. Here Judith Curry (Prof Atmospheric Science, GA Inst Tech) discusses the effect of rising sea levels on coral atolls.
Stratfor: Why Germany Cannot Stop the Flow of Migrants
http://fabiusmaximus.com/…/stratfor-germany-migrants-crisi…/ #Germany #Migrants
Summary: Europe’s people thought that the economic crisis that began with Greece in 2010, quickly spreading, was their test of the decade. They’re slowly realizing that the flood of migrants, especially from the Middle East, poses a far larger and more profound threat — disrupting not just the European Union, but also to the politics of its individual nations. Here is Stratfor’s analysis of the dilemma facing Germany, the EU’s core.
