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Health Care & Environment

04.21 Trump and impeachment: where Democrats stand after Mueller

04.21 Trump's moral squalor, not impeachment, will remove him from power

04.21 Dutch engineers build world's biggest sun-seeking solar farm [A replacement of lost Arctic ice?]

04.21 We’re altering the climate so severely that we’ll soon face apocalyptic consequences. Here are 9 last-ditch ways we could hack the planet to reverse that trend.[Hail Mary pass ideas]

04.18 'We Can Be Whatever We Have the Courage to See': New Video From AOC Envisions a #GreenNewDeal Future [7:35 video]

04.18 'Decades of denial': major report finds New Zealand's environment is in serious trouble

04.17 Thawing Permafrost Emitting Higher Levels of Potent Greenhouse Gas Than Previously Thought: Study

04.16 'That Backfired': Watch Bernie Sanders Counter Right-Wing Talking Point, Make Case for Medicare for All on Fox News

04.16 Cause of cancer is written into DNA of tumours, scientists find, creating a 'black box' for origin of disease

04.16 Scientists Unveil World's First Human Heart 3D-Printed From Patients' Own Cells

04.15 What It Was Like to Have a Baby in Sweden

04.14 'Shut the country down': British climate group Extinction Rebellion heads to US

04.13 With Youth Climate Actions Backed by Leading Experts, Latest Round of Protests Highlights Call for Bold and Urgent Action

04.11 Will You Rise Up for Climate Justice Next Week? Don’t Let Fatalism and Cynicism Hold You Back

04.11 300+ Groups to Congress: #GreenNewDeal 'Must Transform Our Food System and Revitalize Rural America'

04.10 Glaciers and arctic ice are vanishing. Time to get radical before it's too late [Willfully ignorant "conservatives" and corporately-bribed liberals diddle self-obsessively while life on earth dies]

04.10 Is there a beautiful, briny solution to the world’s clean water crisis?

04.08 'The perfect storm': hydrogen gains ground on LNG as alternative fuel [Good!]

04.08 Himalayan glaciers on the eve of destruction

04.08 Russia moves to free nearly 100 captive whales after outcry [Good!]

News Media Matters

04.12 DOJ Charging Docs: Julian Assange Committed Journalism

Daily: FAIR Blog
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US Politics, Policy & 'Culture'

04.21 Pentagon Spending Set to Hit Near-Record Levels, But 'Establishment Says We Can't Afford' Progressive Policies

04.19 14 Must-Read Moments From the Mueller Report

04.19 No One Listens to the President

04.19 'Whimsical, uninformed': French ambassador's parting verdict on Trump

04.19 Mueller report: press secretary Sarah Sanders admitted to lying to reporters

04.19 Videos appear to show armed militia detaining migrants at US-Mexico border

04.19 Mueller report unable to clear Trump of obstruction of justice [PDF]

04.19 Nadler says Mueller report shows 'disturbing evidence' of obstruction of justice – video [2:41 video]

04.18 Top Democrats Accuse Barr of 'Acting to Protect Donald Trump' Ahead of Mueller Report Rollout

04.18 Bernie Sanders 'Raises the Bar Even Further' on Climate With Vow to Ban Fracking, All New Fossil Fuel Projects [Mindlessly killing ourselves must stop]

Justice Matters

04.21 In Ruling on Coal Mining, Federal Judge Issues Latest Rebuke of Trump's Attack on Public Lands

04.19 The Mueller Report Is Clear: Donald Trump Repeatedly Tried to Obstruct Justice

High Crimes

04.17 'Shameful': With Millions on Brink of Famine in Yemen, Trump Vetoes Resolution to End US Complicity

Economics & Corrupt Capitalism

04.21 Progressive Capitalism Is Not an Oxymoron [For the good of the public and healthier economic growth, can we make government and financial markets behave morally?]

04.19 The Pentagon’s Bottomless Money Pit [pdf; Until the Pentagon can pass audits, use their allocated budget to fight causes of global warming]

04.19 The Public Banking Revolution Is Upon Us

04.18 Mark Carney tells global banks they cannot ignore climate change dangers

04.17 A Path to Democratic Socialism Means a Path To Climate Justice

International & Futurism

04.21 Frustration grows among migrants in Mexico as support fades

04.21 Decrying 'Toxic Alliance' of Macron and Polluters, Climate Campaigners Stage One of France's Largest Ever Acts of Civil Disobedience

04.21 Yellow Vests Demonstrate in Paris as Notre Dame Donations Highlight Wealth Inequality

04.21 The Observer view on the Mueller report: Trump is a disgrace not welcome in Britain

04.21 The Government Is Still Massively Complacent About Climate Change

04.19 Ways to Save the World

04.18 Half of England is owned by less than 1% of the population

04.18 Britain will have its second referendum – at the EU elections on 23 May

04.18 Hypocrisy without borders: the pomposity of Ivanka Trump’s trip to Africa

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  Thinking About the 2008 Numbers
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Thinking About the 2008 Numbers

by Fred Cederholm
No amount of spin or political hyperbole could camouflage that America was tanking.
I’ve been thinking about the 2008 numbers. Actually I’ve been thinking about calendar 2008, the national debt, trade deficits, energy imports, and escalations. Last week I discussed calendar 2008’s status as potentially the worst year in almost 70 years. No amount of spin or political hyperbole could camouflage that America was tanking. In 2008, denials of a recession finally gave way to an acknowledgement that the US economy began contracting (the nice way of saying – a recession) in the 4th quarter of 2007! We’ve learned more is not always better – especially when it follows a minus sign.

You see 2008 dawned last January 1st with a national debt of $9.229 TRILLION and 2008 ended with a national debt of $10.553. The “growth” of the national debt “as reported” grew by $1.324 TRILLION. This was broken down by an increase in Intergovernmental Borrowings (IG) of $137 BILLION and an increase of Debt held by the Public (DP) of $ 1.187 TRILLION. The IG increase tells us that the retirement trust funds under the fiduciary stewardship (mostly Social Security) ran a SURPLUS of $137 BILLION. Unfortunately this “surplus” was netted against the budget deficit, spent elsewhere, and added to the outstanding National Debt! The DP increase tells us that the additional $ 1.187 TRILLION came from sales of new US Treasury borrowings from the weekly auctions. It should be noted that roughly 45% of this, or $ 534 BILLION, came from foreign entities. The four usual suspects are (1). China, (2). Japan, (3). the Arab OPECs, and (4). the EURO Zone – including the UK. Uncle $ugar still depends on the largesse of foreigners to cover our ongoing major financial deficits!

Retirement trust funds under the fiduciary stewardship (mostly Social Security) ran a SURPLUS of $137 BILLION. Unfortunately this “surplus” was netted against the budget deficit, spent elsewhere, and added to the outstanding National Debt!

As an aside it took ALL the national debt added by the US government from Jan. 01, 1791 to mid 1983 to equal ONLY the increase in the outstanding National Debt in 2008! It must also be noted that significant portions of the war costs in Afghanistan and Iraq are off balance sheet entries. So too for virtually all of the obligations, commitments, loans, bailouts, guarantees, infusions, and the $700 BILLION Troubled Asset Relief Program (TARP) deployed in 2008 to keep the US economy and financial services sector from imploding. These are NOT reflected in the 2008 National Debt increase!

Our eight largest trade deficits for the month of Oct 2008 (and 2008 Year to Date) were made public in December and are as follows: China $27.957 Billion - an all time record ($223.396 Billion YTD), Japan $6.047 Billion ($62.427 Billion YTD), Canada $5.957 Billion, ($68.513 Billion YTD), Mexico $4.804 Billion ($56.781 Billion YTD), Saudi Arabia $4.070 ($39.797 Billion YTD), Germany $3.368 Billion ($36.813 Billion YTD), Ireland $2.795 Billion ($18.858 Billion YTD), and Venezuela $2.660 Billion ($36.299 Billion YTD). Our hands-down overall biggest dollar denominated imports are for crude oil and petroleum distillates. Our biggest trade surplus in Oct. 2008 of $1.221 Billion ($11.116 Billion YTD) was with the United Arab Emirates. No explanation was given for this anomaly.

We now depend on foreign suppliers for about three fourths of our energy needs. The top eight sources of crude oil imports for Oct. 2008 were: Canada (2.066 Million barrels per DAY--MBPD), Saudi Arabia (1.435 MBPD), Mexico (1.256 MBPD Venezuela (1.027 MBPD), Nigeria (0.935 MBPD), Iraq (0.577 MBPD), Angola (0.527 MBPD), and Brazil (0.345 MBPD). The top eight sources of total petroleum imports for Oct 2008 were: Canada (2.587 MILLION barrels per DAY--MBPD), Saudi Arabia (1.487 MBPD), Mexico (1.433 MBPD), Venezuela (1.162 MBPD), Nigeria (0.979 MBPD), Iraq (0.577 MBPD), Algeria (0.555 MBPD), and Angola (0.555 MBPD). The manipulated record spiking of crude oil prices of last summer continued to unravel. October Crude dropped a record $15.56 a barrel.

The stock declines and the horrific 2008 numbers for sundry other benchmarks will be addressed in next week’s column. At the current rate of the escalation in digits, just how much longer before we are confronted by our first QUADRILLION ($1,000,000,000,000,000) of anything? When we are, I can assure you that it is not going to be in any good context!

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.

Copyright 2008 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at –

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This story was published on january 5, 2009.


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