Category Archives: Uncle Sam

Mickey Mouse VA

Mickey Mouse VA

VA Secretary Bob McDonald is ok with long lines.

“When you go to Disney, do they measure the number of hours you wait in line? Or what’s important?” “What’s important is what’s your satisfaction with the experience?”

When it comes to the government Daniel Henninger, in the WSJ, thinks the experience is mostly Mickey Mouse.

iPhone Smarter Than Uncle Sam

160223 iphone

Michael Hayden, the former head of the NSA, is on Apple’s side in the fight over cracking the iPhone of dead terrorist Syed Rizwan Farook. So is Ted Olson, former Solicitor General for George W. Bush. His wife was killed in the original 9/11 attack.

iPhone Smarter Than Uncle Sam

The FBI says Apple’s reluctance to co-operate is a marketing stunt. The government’s computers can be hacked but the government can’t hack Apple’s phone.

Seems hard to blame Apple for wanting us to know about it.

 

Yellen Takes Off Training Wheels

151218-YellenJanet Yellen took the training wheels off the economy on Wednesday. After seven years of near zero percent interest rates, the Fed hiked rates a quarter percent.

Meanwhile, Congress passed a 2,000 page,  1.2 trillion dollar budget. That tacked another 157 billion onto the 18.5 trillion dollar national debt.

Yellen

On Friday the Dow dropped 370 points.

David Stockman says, “sell the bonds, sell the stocks, sell the house”. IBD wonders if the markets know something the Fed doesn’t.

Greek Credit Swagger

150626-Greek-credit-swagger

Greece is in default. On Tuesday the government missed a payment deadline on its IMF debt. On Sunday Greeks will vote in a referendum to accept terms from the IMF for more loans. The terms include tax increases and pension cuts.

Prime Minister Alexis Tsipras says he’ll step down if the referendum passes. Holman Jenkins in the WSJ says Greece has put a gun to its head saying, “Pay us ransom or the idiot gets it.”

The Greek economy is only 1.8 percent of the Eurozone. At 18 trillion in the hole, nobody has a credit swagger like Uncle Sam.

 

Cyber War

150608-cyber-war-china

NSA may have cut back on stealing your data but China hasn’t. Chinese government operatives continue to hack U.S. government, university, and corporate networks. A WSJ editorial titled The Chinese Have Your Numbers claims they made off with the personnel files of 2.1 million fed employees. Could be you’ve earned a purple heart in a cyber war and don’t know it.