REDWAVE
Urban Jungle Dweller
- Joined
- Aug 26, 2001
- Posts
- 6,013
A perusal of the front page of today's NYT provides an illuminating juxtaposition. At the top is a photo of a F-16 swooping down, a reminder of the imminence of war. In striking counterpoint to that is an article about the Pension Benefit Guaranty Corporation, which underlies the American pension system. It's in big trouble financially. Due to an unprecedented series of massive corporate bankruptcies, it has gone through its $8 billion surplus in one year. It now has a deficit of $1-2 billion, and is likely to deteriorate. The retirements of many millions of Americans, once thought secure, are now at risk.
It was a terrible day on Wall Street. War worries caused the market to drop 238.46 points, to 8,131.01. Once the war breaks out in earnest, there will likely be truly catastrophic further declines in an already savaged market.
The federal deficit has grown sharply in the last few months: $109 billion in the last quarter of 2002. "The U.S. budget outlook continues to deteriorate," wrote an economist at Goldman Sachs.
Finally, NYC is facing a diabetes epidemic, health officials say. The city's health commissioner noted that diabetes and HIV "have the greatest disparities of race and class." In other words, they affect mainly poorer and darker skinned persons. But hey, never mind-- those people are expendable in racist, plutocratic AmeriKKKa.
To indulge in a metaphor here, a worn out, syphilitic old whore, rotting within and crumbling away, stinking and crawling with vermin, has covered up the odor of decay with cheap perfume, and is going out for a wild night on the town.
It was a terrible day on Wall Street. War worries caused the market to drop 238.46 points, to 8,131.01. Once the war breaks out in earnest, there will likely be truly catastrophic further declines in an already savaged market.
The federal deficit has grown sharply in the last few months: $109 billion in the last quarter of 2002. "The U.S. budget outlook continues to deteriorate," wrote an economist at Goldman Sachs.
Finally, NYC is facing a diabetes epidemic, health officials say. The city's health commissioner noted that diabetes and HIV "have the greatest disparities of race and class." In other words, they affect mainly poorer and darker skinned persons. But hey, never mind-- those people are expendable in racist, plutocratic AmeriKKKa.
To indulge in a metaphor here, a worn out, syphilitic old whore, rotting within and crumbling away, stinking and crawling with vermin, has covered up the odor of decay with cheap perfume, and is going out for a wild night on the town.
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