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Interesting C-SPAN transcript of Q&A with Chalmers Johnson (a link picked up from DailyKos)
2006-06-12
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The iPod was not developed by Baptists in Waco. There may be a reason for this. Creative people thrive in a climate of openness and tolerance, since some great ideas start out sounding ridiculous. Creativity is a key to economic progress.
--Note to Republicans: The Party's Over, by Garrison Keillor
Can you say, "stagflation"? I knew that you could.
Fed's Pianalto says troubled by rise in inflation
"The core CPI (consumer price index excluding food and energy) has increased at an annualized rate of more than 3 percent during the past three months. This inflation picture, if sustained, exceeds my comfort level," said Federal Reserve Bank of Cleveland President Sandra Pianalto in a speech at a meeting of the Broadcast Cable Financial Management Association.
[...] Pianalto saw energy prices flattening out, the house market cooling and a moderation in economic activity.
"As the year progresses, I anticipate that the pace of economic expansion will slow from its rapid rate of the first quarter. Nevertheless, I believe that we are on track to achieve our objective of sustainable economic growth."
However, Pianalto also noted that inflation had been running faster than expected.
"Last year I began to anticipate that we might confront some disappointing inflation data in the first half of this year, although I was not expecting quite as much inflation as we have seen. Still, I have been expecting price pressures to diminish," she said.
"The core CPI (consumer price index excluding food and energy) has increased at an annualized rate of more than 3 percent during the past three months. This inflation picture, if sustained, exceeds my comfort level," said Federal Reserve Bank of Cleveland President Sandra Pianalto in a speech at a meeting of the Broadcast Cable Financial Management Association.
[...] Pianalto saw energy prices flattening out, the house market cooling and a moderation in economic activity.
"As the year progresses, I anticipate that the pace of economic expansion will slow from its rapid rate of the first quarter. Nevertheless, I believe that we are on track to achieve our objective of sustainable economic growth."
However, Pianalto also noted that inflation had been running faster than expected.
"Last year I began to anticipate that we might confront some disappointing inflation data in the first half of this year, although I was not expecting quite as much inflation as we have seen. Still, I have been expecting price pressures to diminish," she said.
(no subject)
On Simple Human Decency
Pentagon sets its sights on social networking websites
Violent crime up for 1st time in 5 years
Judge may decide if US eavesdropping is legal (that pic is from last night's town hall meeting)
Court allows inmate appeal on lethal injection
At the U.N., Bluster Backfires
Students find ring tone adults can't hear
Pentagon sets its sights on social networking websites
Violent crime up for 1st time in 5 years
Judge may decide if US eavesdropping is legal (that pic is from last night's town hall meeting)
Court allows inmate appeal on lethal injection
At the U.N., Bluster Backfires
Students find ring tone adults can't hear