Archive for 2011

THE “OTHER” PENSION CRISIS.

SPACEX HAS ANNOUNCED ITS NEW ROCKET, the Falcon Heavy, and it sounds rather ambitious.

CHANGE: Inflation inflicting pain, as wages fail to keep pace with price hikes. “It’s not just that prices are rising — it’s that wages aren’t. Previous bouts of inflation have usually meant a wage-price spiral, as pay and prices chase each other ever upward. But now paychecks are falling further and further behind. In the past three months, consumer prices have been rising at a 5.7 percent annual rate while average weekly wages have barely budged, increasing at an annual rate of only 1.3 percent.”

NEXT WEEK: It’s Yuri’s Night. The 50th anniversary of the first human spaceflight.

Xeni Jardin is into the spirit. Plus, art and video contests.

ROBERT FARAGO: Calderon’s Silence on ATF Gunrunning Scandal Explained: “Mystery surrounds the ATF Gunwalker scandal. Who authorized the Bureau of Alcohol, Tobacco, Firearms and Explosives’ stingless sting operation that allowed, indeed enabled thousands of U.S. guns to flow to Mexican drug cartels? Why is the Obama administration stonewalling the Congressional investigation of Project Gunrunner and Operation Fast and Furious? What else are they hiding? And here’s another one: why has Mexican President Felipe Calderon remained on the sidelines of this story, continuing to cozy-up to President Obama when it’s clear that Uncle Sam supplied weapons to the narco-terrorists plaguing his country? Well, it looks like we might have an answer. . . . Anabel Hernández has made quite the charge: the Sinaloa cartel has bought the Mexican government lock, stock and Calderon. What’s more, the DEA knows about the corruption and plays ball with Calderon to catch other cartels, giving the Sinaloas a pass. Which would account for Calderon’s lack of indignation on the whole Gunwalker deal.” Well, stay tuned.

I HATE ILLINOIS RACISTS: Racial slur led to fight with Illinois trooper, student says. “The politically connected head of Gov. Pat Quinn’s Southern Illinois security detail used a racial slur against a black college student in a Carlinville bar, starting a fight that preceded the officer’s resignation, the student says. . . . Snider, one of Quinn’s top security people and a well-connected member of the region’s Democratic power structure, resigned shortly after what officials have described as a barroom ‘altercation.’ The following day, Snider also resigned without explanation as head of the Macoupin County Democratic Party and president of the Carlinville School Board.”