REWIND - A Week of Quotes & Cartoons

SUNDAY

Quote of the Day
November 27, 2011

'Wall Street loves to do business in the shadows.
Sunshine, after all, is bad for profits.

'So it is perhaps unsurprising that players in the
derivatives market want to thwart one of the worthier
aims of the Dodd-Frank financial regulation: to bring
transparency to the huge market for instruments known
as swaps. Now some in Congress, on both sides of the
aisle, are trying to block that goal, too.'

Gretchen Morgenson,
assistant business and financial
editor and columnist
New York Times
November 27, 2011
http://tinyurl.com/7wvdnpd

Toon of the Day
http://tinyurl.com/7h66462
Lifestyles of the Stealthily Wealthy
Brian McFadden

MONDAY

Quote of the Day
November 28, 2011

'If the European summit could reach a deal on December
9, its next scheduled meeting, the eurozone will
survive. If not, it risks a violent collapse. Even
then, there is still a risk of a long recession,
possibly a depression. So even if the European Council
was able to agree on such an improbably ambitious
agenda, its leaders would have to continue to outdo
themselves for months and years to come.

'... Italy's disastrous bond auction on Friday tells us
time is running out. The eurozone has 10 days at most.'

Wolfgang Munchau
associate editor
Financial Times
November 28, 2011
http://tinyurl.com/7dw9289

Toon of the Day
http://tinyurl.com/7sglvds
Blessed Are
Jim Morin - Miami Herald

TUESDAY

Quote of the Day
November 29, 2001

'We urge the British government to stop its attempt to
make public-sector workers pay more and work longer to
receive a smaller pension when they retire. The
government's plans will impact women the most, who
already suffer from lower pensions. This attack on
the people who provide patient care at the National
Health Service, teach school children, and provide
essential public services is unconscionable.'

Rose Ann DeMoro,Executive,
Director of National Nurses United (NNU),
in a letter to be delivfered to Sir Nigel
Sheinwald, Great Britain's  Ambassador
to the U.S, on Wednesday November 30
when U.S. nurses, joined by other unionists
in Washington and several other cities,
will hold noon rallies at the British Embassy in
Washington and at British consulates in Boston,
Chicago, Los Angeles, Orlando, and San Francisco in
support of UK nurses and other public
workers slated to stage the biggest strike
in the country in a generation

NNU
November 29, 2011
http://tinyurl.com/d9rr57o

Toon of the Day
http://tinyurl.com/7l96m5a
Piece of Cake
David Horsey - Seattle PI

WEDNESDAY

Quote of the Day
November 30, 2011

'The Federal Reserve extended extraordinary support to
financial institutions that crashed the economy with
reckless speculation, and on that support many of the
firms made billions in profit and paid obscene bonuses.
The Fed asked for nothing from these firms in return
and that is because the Federal Reserve works first and
foremost for the welfare of private financial
institutions, not the American economy.

'The message that emerges from these revelations for
Americans who have lost their jobs, lost their homes,
or watched their retirement nest eggs disappear is that
we have unlimited resources available for the banks,
but nothing for the American people,'

Congressperson Dennis Kucinich (D-OH)
November 29, 2011
http://tinyurl.com/6qvqz5x

Toon of the Day
http://tinyurl.com/8492hgo
Great Fall
Tom Toles - Washington Post

THURSDAY

Quote of the Day
December 1, 2011

'But up to two million public employees, from teachers
and nurses to dinner ladies, ignored them and staged
Britain's biggest strike for more than 30 years. The
absurd government rhetoric about gold-plated public
pensions - 50% get £5,600 or less - clearly backfired.

'It's not just the scale of the strike, though, but its
breadth, from headteachers to school cleaners in every
part of the country, that has set it apart. Most of
those taking action were women, and the majority had
never been on strike before. This has been the "big
society" in action, but not as Cameron meant it.

'And despite the best efforts of ministers and media,
it has attracted strong public sympathy. The balance of
opinion has varied depending on the question, but a BBC
ComRes poll last week found 61% agreeing that public
service workers were "justified in going on strike over
changes to their pensions".'

Columnist Seumas Milne
Guardian (UK)
December 1, 2011
http://tinyurl.com/7kmt5vu

Toon of the Day
http://tinyurl.com/7l9vuug
Theology
Jeff Danziger

FRIDAY

Quote of the Day
December 2, 2011

'November's job growth of 120,000 was enough to allow
the share of the working-age population with a job to
nudge up one tenth of a percentage point. Revisions to
earlier months were positive as well. However, at this
pace of job growth, it will be more than two decades
before we get back down to the pre-recession
unemployment rate. Moreover, a shrinking labor force is
not the way we want to see unemployment drop.  At this
rate of growth we are looking at a long, long schlep
before our sick labor market recovers.'

By Heidi Shierholz, economist
Economic Policy Institute
December 2, 2011
http://tinyurl.com/6ufpdrs

Toon of the Day
http://tinyurl.com/cma3m56
Demands?
Joel Pitt

SATURDAY

Quote of the Day
December 3, 2011

'When businesspeople take credit for creating jobs, it
is like squirrels taking credit for creating evolution.
In fact, it's the other way around.'

Nick Hanauer, a founder of Second
Avenue Partners, a venture capital
company in Seattle

Bloomberg
December 1, 2011
http://tinyurl.com/7k6awbq

Toon of the Day
http://tinyurl.com/7ccjayj
Tuition Up
Ed Stein

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