“I wish governor Gibbons the best of luck in getting collective bargaining for public workers tossed in the ashcan where is belongs. Unfortunately collective bargaining agreements seem to be covered by federal as opposed to state rules.”

Let me see.. the problem is that billionaire gangsters on Wall Street and in the City (of London) have ripped off the economies of both countries for Trillions of dollars.. so the answer, from Mish, is, in true right wing style..Fuck The Workers!!

He even hopes the ring wing governor of Nevada violates laws and contracts in the process.

Psychothic right wing hatred of workers, even to the violation of negotiated contracts and the breaking of laws. All to serve the bottom line of one greedy little ideologue.

What in hell does the financial crises have to do with workers?? NOTHING. Nothing whatsoever. This is pure opportunism by greedy right wing cranks..

No wonder those rounds of ammo are in shortage in California…they’re all sitting out in the Middle East.

I have a masters degree and I been out of work for over a year and a half with many unsuccessful job applications.

Here is a couple of clips – US based education:

The Million Dollar Lie
http://hubpages.com/hub/The-Million-Dollar-Lie

The high cost of higher education: Is it worth it?
http://www.youtube.com/watch?v=ppZJ9vhWypc

http://www.msnbc.msn.com/id/35205084/ns/world_news-mideastn_africa

Netanyahu, AIPAC, JINSA et al will be horrified by this story. So those bearded, scary Muslims aren’t actually getting ready to attack poor little defenceless Israel.

20 reasons Global Debt Time Bomb explodes soon
Commentary: Which trigger will ignite the Great Depression II?

By Paul B. Farrell, MarketWatch.com

20 economic weapons of mass destruction triggering ticking Global Debt Time Bomb

1. Federal Budget Deficit Bomb. The Bush/Cheney wars pushed America deep into a debt hole. Federal debt limit was just raised almost 100% with Obama’s 2010 budget, to $14.3 trillion vs. $7.8 trillion in 2005. The Congressional Budget Office predicts future deficits around 4% through 2020. Get it? America’s debt at 84% of GDP will soon pass that toxic 90% trigger point.

2. U.S. Foreign Trade Bomb. Monthly deficits actually dropped from $50 billion per month to roughly $35 billion. But the total continues climbing as $400 billion is added each year. Foreigners now own $2.5 trillion of America, with China holding over $1.3 trillion in Treasury debt.

3. Weakening U.S. Dollar as Foreign Reserve Currency Bomb. Fear China and other currencies will replace dollar as main foreign reserves. The dollar’s fallen: The main index measuring dollar strength has gone from 120 at the Clinton-to-Bush handoff to below 80 today.

4. Cheap Money Bomb: Credit Ratings Down, Rates Up. Economists at S&P, Fitch and Moody’s were totally co-conspirators of Fat Cat Bankers, misleading investors before meltdown: Soon, debt up, ratings down, interest rates soar.

5. Global Real Estate Bomb. Dubai Tower, new “world’s tallest building” is empty. BusinessWeek warns that China’s housing collapse could be worse than America’s. Plus the U.S. commercial real estate bubble is now $1.7 trillion, a “ticking time bomb” bloating 25% of bank balance sheets.

6. Peak Oil and the Population Bomb. China and India each need 500 new cities. The United Nations estimates world population exploding 50% from 6 billion to 9 billion by 2050: Three billion more humans demanding more automobiles, exhausting more resources to feed their version of the gas-guzzling “America Dream.”

7. Social Security Bomb. We have no choice; eventually we must either cut benefits or raise taxes. Politicians hate both, so they’ll do nothing. Delays worsen solutions. Without action, by 2035 Social Security and Medicare benefits will eat up the entire federal budget other than defense.

8. Medicare: A Nuclear Bomb. Going broke faster than Social Security. Prescription drug benefit added an unfunded $8.1 trillion. In 5 years estimates rose from about $35 trillion to over $60 trillion now.

9. Health-care Insurance Bomb. Burden increasingly shifted to employees. Costs rising faster than inflation. Recent Obamacare plan would have cost $90 billion annually, paid to Big Pharma and insurers.

10. State and Local Government Budget Bombs. Deficits of $110 billion in 2010, $178 billion in 2011on top of more than $450 billion in underfunded state and municipal employee pension funds.

11. Underfunded Corporate Pensions Bomb. From $60 billion surplus in 2007 to $409 billion deficit in 2009. And a whopping 92% of the pension plans of companies are now underfunded. Defaults are guaranteed by taxpayers.

12. Consumer Debt Bomb. Americans are still living beyond their means. Even with a downturn, consumer debt rose from about $2.3 to $2.5 trillion. Fat Cat Bankers love it – yes, love making matters worse by gouging cardholders and mortgagees, blocking help in foreclosures and bankruptcies.

13. Personal Savings Bomb. Before the 2008 meltdown savings rate dropped from about 10% in the early 1980s to below zero. Now it’s increasing, slowing retail recovery. Today, government’s the big “unsaver.”

14. War and Military Defense Deficits. Costs of Iraq and Afghanistan wars — $200+ billion annually, $3 trillion minimum, with massive long-term costs for veteran medical care, equipment renewal, recruitment.

15. Homeland Insecurity Bomb. Security at airports, seaports, borders, vulnerable chemical plants all increase budgets.

16. Fed/Treasury Bailout Bombs. Tax credits, loans, cash and purchase of toxic assets from Wall Street banks estimated at $23.7 trillion as new debt was shifted from too-big-to-fail Fat-Cat banks to taxpayers.

17. Insatiable Washington Lobbyists Bombs. Paulson, Goldman, Geithner, Morgan and Wall Street banks, through their lobbyists and former employees working inside now have absolute power over government spending. Democracy and voters are now irrelevant in America’s new corporate-socialism.

18. Shadow Banking: The Derivatives Bomb. Wall Street wants no regulation of this $670 trillion, high-risk, out-of-control casino that’s highly leveraged versus the $50 trillion total GDP of all nations. We forget that derivatives almost destroyed global economies in 2008-09, finally will by 2012.

19. Dysfunctional Two-Party Political Bomb. Polarized partisanship increasing: Every day both parties show zero interest in cooperating for the public good. Instead they fight viciously, resisting everything and anything proposed by opponents. Only goal: Score political points, make the other side look bad.

20. The Coming Populous Rebellion Bombs. Nobody trusts anyone in authority. For good reason. So immediate gratification, short-term betting and a lack of long-term perspective wins for individual investors, consumers and taxpayers as well as Washington, Wall Street and Corporate America CEOs. Today: “Doing what’s right for the common good and country” is just empty political rhetoric.

The hegemon is set to proceed against Iran.

“LONDON — The British government unveiled plans Monday to launch one of the world’s most ambitious expansions of nuclear-power capacity, calling for the construction of 10 plants to help meet surging energy demands in the era of global warming.

After years of resistance to construction of nuclear-power plants, the British plan underscored how nations around the world are scrambling to find ways to generate more energy while slashing the emissions that cause climate change. To do that, nations including the United States are considering more reliance on nuclear power, which, while generating radioactive waste, produces almost no carbon emissions.

To keep the lights on in Britain while meeting strict goals to slash emissions, the government of Prime Minister Gordon Brown identified 10 sites in England and Wales for new nuclear plants, with the first expected to come online by 2018. Many of the plants are envisioned to replace aging plants that are set to be decommissioned in coming years and are a vestige of a period of accelerated nuclear construction from the 1950s to 1980s.”

http://www.euractiv.com/en/foreign-affairs/ambassador-china-expand-nuclear-power-capacity/article-183819

“Nuclear power will play an increasingly important role in China’s energy policy as the world’s most populous nation seeks to improve its energy efficiency, said the country’s EU Ambassador Zhe Song in a detailed and wide-ranging interview with EurActiv.

Chinese EU Ambassador Zhe Song heads his country’s mission to the European Union in Brussels.”

http://content.usatoday.com/communities/greenhouse/post/2010/01/obama-creates-panel-seeks-loan-guarantees-to-spur-nuclear-power-/1

“President Obama, who called for a “new generation” of nuclear power plants in his State of the Union address Wednesday, is quickly moving forward. He created a panel Friday to recommend ways to dispose of used nuclear fuel and is expected Monday to propose tripling loan guarantees for new plant construction.”

That is a very foolish sentence based on fluffy logic.

” Large amounts of lithium-6 have been isotopically fractionated for use in nuclear weapons.”

-they should say thermonuclear weapons – meaning hydrogen bombs.

http://en.wikipedia.org/wiki/Lithium

So my suggestion is not to be an igonoramus when you hear that hybrid cars are to be powered by lithium cells, when they actually burn just as much gas as before, and at the same time, there is a wondrous bull market in Lithium exploration juniors.

Its a pretty bad fissile material, unless you have a weapons cycle. Because the way you refine Uranium is to produce Uranium salts, or UF6 (really a gas) and throw it in a centrifuge. The only usable portion is the enriched portion, which is 0.17% of the mined material which occurs naturally.

THE REST IS WASTE

And if you don’t believe me that Lithium-6, (an isotope of Lithium that occurs naturally and forms a small portion of all natural Lithium deposits,) -that its not actually used in thermonuclear weapons, then I would advise you to do some very, very serious reading on that very subject!

I SAY AGAIN. THE URANIUM MARKET HAS CRASHED – THE BUBBLE HAS BURST – BUT NOT THE Ux SWU market, which has remained steady.

The irreversible facts are here:

http://www.indexmundi.com/commodities/?commodity=uranium&months=120

Uranium is impractical and has no future.