"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Monday, April 25, 2011

World News

First of all, Happy World Penguin Day!
North Korea
  • Former President Jimmy Carter, leading a delegation of former state leaders known as The Elders - is visiting North Korea to talk about food aid and North Korea's nuclear program.  "the Elders are not in a position to negotiate, we're not mediators.  We're going to learn what we can and share what we find with the leaders with whom we have contact in the future," he said.  The objective is to find a way to provide humanitarian aid to the nation, where average calorie consumption has fallen from 1400 per day to 700 per day.
United States
  • A US Coast Guard report states that "Deepwater Horizon and its owner, Transocean, had serious safety management system failures and a poor safety culture.  Collectively, this record raises serious questions whether Transocean's safety culture was a factor that contributed to the disaster."  Transocean, which paid large cash bonuses to its entire board of directors on April 5th "in recognition of the Company's achievement of the objectives set at the beginning of 2010 relating to the Company's safety record" disagrees, and goes so far as to claim that "documentary evidence in the Coast Guard's possession refutes" the findings.
  • Bill Nye, aka "The Science Guy", was heckled and booed in Waco, Texas for saying that the moon does not emit light on its own . 

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