Robert Reich: the first amendment has been hijacked

Excellent article from Robert Reich, economist, and former Clinton labour secretary:

“A funny thing happened to the First Amendment on its way to the public forum. According to the Supreme Court, money is now speech and corporations are now people. But when real people without money assemble to express their dissatisfaction with the political consequences of this, they’re treated as public nuisances and evicted.

First things first. The Supreme Court’s rulings that money is speech and corporations are people has now opened the floodgates to unlimited (and often secret) political contributions from millionaires and billionaires. Consider the Koch brothers (worth $25 billion each), who are bankrolling the Tea Party and already running millions of dollars worth of ads against Democrats.

Such millionaires and billionaires aren’t contributing their money out of sheer love of country. They have a more self-interested motive. Their political spending is analogous to their other investments. Mostly they want low tax rates and friendly regulations…”

He also makes some great observations about how the Occupy movement is now under attack by the status quo. Read the whole article here.

Only those who are blindly part of the problem cannot see the massive conflicts inherent in the present status quo and the legitimate complaints being voiced about its assault on our democracy.

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Good idea: 123GoTV

123GoTV hooks up to any kids’ bike and any TV. The motion sensor on the device knows when the rear wheel is spinning and relays a signal to the TV component to play. When the child is pedaling, the TV show plays; stop and the TV picture pauses. According to Dr. Bruce Hensel, “I think it’s a great idea; there is too much obesity.”  You can order it here for $199 plus shipping.  If you cannot see the clip embedded below, look here.

An even better version would provide self-generated power to the TV from the rider’s output. Save fossil fuel, improve fitness and naturally limit the amount of screen time. Win, win, win.  This is not just for kids–each member of the family can take shifts, sharing their energy output to provide entertainment for the group. Actually given the staggering health bills facing all tax payers today, we all have an interest in getting people off the couch. Now to get the computers powered off human energy…

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The chart that matters most

As the punditry offers blow-by-blow on the daily swings and staggers of our punch drunk global stock market, we offer this simple update on all you really need to know:  US$ moving up.

Source:  Cory Venable, CMT, Venable Park Investment Counsel Inc.

Recall the lesson of 2008 as captured below :  US dollar up, stock and commodity markets down.  The rest is simply noise.

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