Monthly Archives: August 2011

Time To Say Goodbye

August 2, 2011 By in Helplessness, Hi-tech, Hysteria Tags: , , , , , , , , Leave a comment

To all those jobs in the German nuclear power industry, I mean. It’s phase-out time in more ways than one over here.

It’s coming out that E.ON, Germany’s largest energy provider, is now to go on an extreme austerity diet and is about to “restructure,” as they like to say, know what I’m saying? They’re even talking about closing down the big new headquarters they just moved into a year ago.

But hey, it’s all worth it. No pain no gain or something. And don’t worry, there are no other hidden fallout issues here, either.

Of 17 German nuclear power plants, half are now turned off; all of them will be shut by 2022. That’s a loss of 22 billion euros in profits.

Oh My God We’re All Gonna Die Yet Again Once More Again This Time For Real Already

August 1, 2011 By in Heconomy, History Tags: , , , , , , , , , , Leave a comment

Historic? Damned right it’s historic (the debt deal – if it actually passes).

“In the first stage, it includes $917 billion in spending cuts and other deficit reduction now, as well as a $900 billion increase in the debt ceiling.

In the second stage, a special joint committee of Congress will recommend further deficit reduction steps totaling $1.5 trillion or more by the end of November, with Congress obligated to vote on the panel’s proposals by the end of the year.

In addition, across-the-board cuts are automatically enacted if Congress fails to pass the special committee’s recommendations.”

I can only hope that what seems to be one of the Spiegel‘s worst fears will actually come true and the US government has now begun a process that will “shrink itself to a skeletal state.” That just sounds too good to be true, though.

“Es gibt kein Licht am Ende des Tunnels.”