I don't know how else to describe it; try hard and struggle and get frustrated, but it all works out.
* * *McDonald's is reporting its worst US sales in over a decade.
Think about that: what causes a fast food chain to lose sales, if the cause is not that we're in the crappiest economy in eighty years?
McDonald's is not haute cuisine
but they do not claim to be. They promise inexpensive food that will keep body and soul together for not a lot of money; a typical meal from a typical McDonald's averages perhaps $7 or $8 depending on your selection of entree, side, and drink (and their respective sizes). If Americans cannot even afford that, what does that say about our economy?
* * *The graph at the end of this piece makes me wonder how much I should trust what the piece says
when it talks about the drop in oil prices being bad.
The author of the piece believes that energy production of all types will peak in 2015, then rapidly decline well below 1965 levels twenty years afterwards. There is no reason to suspect that is the case.
Even in the event of a debt collapse, the world economy will still require energy, and the world energy economy of 2014 is vastly larger than that of 1965 even in the event of a widespread economic catastrophe. The kind of energy collapse predicted by that chart is one wherein all the cities are burning and people are dying by the billion
I am not prepared to predict anything like that. We are mired in hard times, and they will get harder before they get easier, but they are not going to get that
The author is right, though, when he posits that the world economy has just about reached the limit of debt expansion. He's also right when he says that the lower oil prices go, the more oil stays in the ground.
On balance I think the article is more-or-less right, even if a few of the conclusions are excessive.
* * *What did Macy's have to do with that guy being choked and dying?
* * *ISIS says their radiological bomb is "somewhere in Europe"
. Whaddya think, they're going to detonate it on Christmas?
If they do something like that, it's going to be a bad time in ISIS-land shortly thereafter. I hope the leaders of ISIS aren't thinking that the response to such an attack will have the restraint of the post-9/11 attacks on Afghanistan and Iraq, because they won't. You pop a dirty bomb on the Germans or the French, and the gloves will be off.
* * *New Horizons is finally approaching Pluto.
We're finally going to have a map of the planet's surface, for one thing. Wonder if we'll find old Wormface
* * *John C. Wright
has one last comment on Interstellar
, but there are some spoilers in it.
* * *
It's already almost midnight. Well, I was at work until 9:30, so what do I expect?