Not sure when this came out, I am assuming sometime during the summer, but my God is this hilarious and show the complete absurdity of the UFCW boss' argument. The obvious hypocrisy is the union hiring temporary workers to protest outside those bastards of consumer savings known as Walmart. After complaining about Walmart's practice of paying slightly above minimum wage and cutting hours (shocker how some are still duped into working at Walmart with such horrible conditions), the protestors hired by the UFCW are *gasp* paid slightly above minimum wage and have their hours cut.
UFCW boss: If Walmart were doing the right thing, we wouldn't need picketers.
Aasif Mandvi: So it's Walmart's fault?
UFCW boss: It is Walmart's fault. The example they're setting is for low wages, for lack of health benefits, a lot of companies have tried to imitate Walmart's practices.
Aasuf Mandvi: Is one of those companies the UFCW?
UFCW boss:...................If only the UFCW boss was in charge of running the world, maybe then he could right all the injustices. Wouldn't that be swell! What is striking about this whole video is this notion from the UFCW boss that somehow Walmart is being greedy while he is being the white knight ready to ride in, organize the workers, and demand higher wages. Of course he doesn't mention the fact that the union would gain more members thus supplementing the amount of money that goes into the UFCW coffers and guaranteeing him his salary. When I used to do detailing/preparation at a car dealership, one of the salesman went on a 5 minute tirade about how Walmart treats its employees like crap. After he walked away, another saleslady said she used to work at Walmart and that she was offered health benefits and a decent wage. It's really easy to complain about something when you lack any actual background knowledge besides what idiots like Robert Reich, Paul Krugman, and Eugene Robinson say.
The funniest segment of the whole video came when Mandvi gave suggestions on rallying calls for potential union members:
"That's not my job!"
"I'm on coffee break!"
"I'd like to give $2,000 to the Democratic party!"For a show that tends to lean left on a variety of issues, this segment was priceless, which is ironically a concept that unions hate.
So on this glorious of Labor Days where the world economy is still swirling in the toilet, some hard fiscal truth is prevailing, via Mish and Google Translate:
The chairman of Deutsche Bank, Josef Ackermann, today highlighted another obstacle to resolving the debt crisis that crosses the euro zone.You mean European banks are undercapitalized? Judging by Ackermann's tone, it seems the Euro sovereign debt crisis isn't so bad after all! Everybody can go home happy, the 72% yield for a one year Greek bond means nothing now. Seriously though, this tiptoeing by Euro finance officials around the coming crisis has gotten hysterical at this point. Take a look at Spain's latest attempt to plug the bursting fiscal dam with its thumbs, via Wall Street Journal:
"It is obvious that many organizations will not survive in the event of having to reassess their portfolios of sovereign debt at market prices," Ackerman said in his speech at a banking conference held in Frankfurt.
MADRID—Spain's central bank said Friday it decided to take over Caja de Ahorros del Mediterraneo as the country's plans to clean up its ailing savings banks enter their final phase.Another bank takeover for the sake of recapitalization, nothing to see here folks, move along, this isn't the crisis you are looking for:
Spain's Fund for Orderly Bank Restructuring, or FROB—which is controlled by the central bank—will take over the management of CAM, inject €2.8 billion ($4 billion) of new capital and prepare to sell it on to another institution. It will also give CAM a €3 billion credit line to ensure it has sufficient liquidity to meet all its obligations.
But for gold bugs, this is the crisis you are looking for:
Until someone in my immediate or extended family actually buys gold, I don't see the bubble. Peter Schiff has a pretty good article on LewRockwell.com today regarding the supposed bubble:
In fact, all the talk about a gold bubble seems to be based on the fact that so many investors are now talking about gold. However, the problem with this argument is that despite all the talking, very few investors are actually buying. Bubbles are not formed by talk, but by action. Before we get a gold bubble, all those investors talking about gold actually have to buy an ounce. In fact, before a bubble pops, its not just investors, but the average man in the street who will have to be buying. Thus far, he has not even joined the conversation.I will end with another scrap of evidence to throw on the "Obama is worse than Bush on warmongering" pile, via Reuters:
The Daily Telegraph reports that the status of forces agreement that the United States and Afghanistan are negotiating may allow a U.S. military presence in the country until 2024 . That’s a full 10 years beyond the deadline for withdrawal of U.S. combat troops and handing over security responsibilities to Afghan forces.Silly progressives, when will you learn that unsustainable imperialism isn't just for Republicans.
The negotiations are being conducted under a veil of security, and we have no way of knowing, at this point at least, if the two sides are really talking about U.S. troops in the country for that long. ( The very fact that a decade after U.S. troops entered the country there is no formal agreement spelling out the terms of their deployment is in itself remarkable)
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