Juggling Dynamite

Georgetown, Texas has voted to be powered 100% by wind and solar energy. Not to be green, but to spend less money. In the cash-scarce, debt-filled, slower growth world that is ours after the credit bust–getting more for less is a necessity. That is why smarter energy policies are here to stay. See: This Texas city will soon be powered 100% by renewable energy.

News that a Texas city is to be powered by 100 percent renewable energy sparked surprise in an oil-obsessed, Republican-dominated state where fossil fuels are king and climate change activists were described as “the equivalent of the flat-earthers” by US Senator and GOP presidential hopeful Ted Cruz.

…in a practical-minded place like Texas, the best way to encourage the use of green energy is to appeal to heads rather than hearts and make a strong business case, as happened in Georgetown.

A recent article from financial fraud expert Bill Black, underlines the systemic inequality that has afforded bankers near-perfect immunity from fraud prosecution over the past decade:

The New York Times ran the story on April Fools’ Day of a jury convicting educators of gaming the test numbers and lying about their actions to investigators.

“ATLANTA — In a dramatic conclusion to what has been described as the largest cheating scandal in the nation’s history, a jury here on Wednesday convicted 11 educators for their roles in a standardized test cheating scandal that tarnished a major school district’s reputation and raised broader questions about the role of high-stakes testing in American schools.

On their eighth day of deliberations, the jurors convicted 11 of the 12 defendants of racketeering, a felony that carries up to 20 years in prison. Many of the defendants — a mixture of Atlanta public school teachers, testing coordinators and administrators — were also convicted of other charges, such as making false statements, that could add years to their sentences.”

…Atlanta’s public schools, of course, did not engage in “the largest cheating scandal in the nation’s history.” The big banks’ cheating scandals left the Atlanta educators in the dust.

Read: We send teachers to prison for rigging the numbers, why not bankers?”

The insider pump and dump has been epic this cycle…

The insider selling ratio is “Off The Charts.” Here is a direct video link.