Barack Obama won a second term but no mandate. Thanks in part to his own small-bore and brutish campaign, victory guarantees the president nothing more than the headache of building consensus in a gridlocked capital on behalf of a polarized public.
If the president begins his second term under any delusion that voters rubber-stamped his agenda on Tuesday night, he is doomed to fail.
Mandates are rarely won on election night. They [...]
by Charles Hugh Smith from Of Two Minds
In a Dysfunctional Status Quo, Reform Triggers Collapse
You cannot “reform” away the dysfunction of the Status Quo without dismantling the vested interests and the ruling Elites that benefit from the Status Quo.
The dream of every conventional reform movement is to rid the system of its dysfunctional features while preserving the Status Quo.
But what the reformers don’t understand is that the Status Quo is dysfunctional [...]
A University of Colorado analysis of state-by-state factors leading to the Electoral College selection of every U.S. president since 1980 forecasts that the 2012 winner will be Mitt Romney.
The key is the economy, say political science professors Kenneth Bickers of CU-Boulder and Michael Berry of CU Denver. Their prediction model stresses economic data from the 50 states and the District of Columbia, including both state and national unemployment figures as [...]
After four years of college, many graduates are ending up in jobs that only require the ability to operate a cash register with a smile.
After commencement, a growing number young people say they have no choice but to take low-skilled jobs, according to a survey released this week. And while 63% of “Generation Y” workers — those age 18 to 29 — have a bachelor’s degree, the majority of the [...]
MANY people don’t realise the economics we hear from politicians, business people, economists and the media morning, noon and night is just one way of analysing how the economy works.
Almost everything we’re told about what causes what is inspired by the ”neoclassical” model. It’s long been the dominant way of explaining why things happen and predicting what will happen, but it’s not the only way. And it’s far from infallible.
Is Obama as right as he seems? New evidence reveals his college class got lower SAT scores than Dubya
Average SAT score of Obama’s 1981 transfer group to Columbia was 1,100
Bush got into Yale with score of 1,206 out of 1,600
Obama refuses to release his academic record
Barack Obama may have got worse high school grades than George W Bush after new evidence showed the current president was among a college class [...]
Don’t you wish that someone had told you the truth before you went to college? Don’t you wish that someone had told you that college has become a giant money making scam that is designed to drain as much money out of students and parents as possible? Yes, college can be a profitable endeavor if you pick your field of study wisely, if you can get someone else to [...]
BERLIN — They were christened the “children of Marx and Microsoft” by one German newspaper last year and dismissed by many political insiders as lunatics and illegal downloaders.
Now, eight months later, the Pirates are represented in three German statehouses, are poised to enter a fourth Sunday and are polling nationally at 14 percent.
The small, upstart party known as the Pirates has the political establishment sitting up and taking notice.
Analysts attribute the [...]
All young adults who think they’re getting a raw deal in today’s economy, let me tell you about how it was back in my day.
In 1984, my final undergraduate year of university, tuition cost more or less $1,000. I earned that much in a summer without breaking a sweat.
When I went looking for a new car in 1986, the average cost was roughly half of what it is now. It [...]
Encyclopedia edited by team of 90,000 volunteers
30-year-old from Indianapolis edits 385 times per day
One of Wikipedia’s crew of volunteer editors has become the first to edit the online encyclopedia a million times – averaging 385 edits per day since he began in 2005.
Justin Knapp, 30, of Indianapolis has edited pieces about politics, philosophy and pop culture.
Knapp said: ‘Being suddenly and involuntarily unemployed will do that to you.’
Knapp’s millionth edit was [...]
Alternative currencies within the US…..
NEW YORK (CNNMoney) — It may seem like Monopoly money to outsiders, but a growing number of communities across the U.S. are using homegrown local currencies to stimulate their economies and protect themselves from the nation’s broader economic woes.
While there were only about 20 active community currencies in the United States in 2009, there has been a recent resurgence, with at least a dozen communities developing [...]
MSNBC’s Contessa Brewer, you may remember just yesterday said the attack on Rupert Murdoch at a hearing encapsulated what the British were feeling.
Today, Contessa “educated” a conservative Representative that if Congress does not raise the debt raising, the country would be “reverting into a depression.” Rep. Mo Brooks (R-AL) said he disagreed which prompted the MSNBC host to ask him if he had a degree in [...]
In stunning proof that a single vote can doom a lawmaker’s career in Washington, a new review of the 2010 healthcare vote found that 13 Democrats lost their reelection last November because they backed President Obama’s health reform bill. What’s more, it put many other Democrats in jeopardy of losing their seats because it automatically cost them six to eight percentage points even before voting started. [See photos [...]