Anyways, this is a great read and contains some amazing Steve Ditko full page portraits of Spidey battling each member of the Sinister Six!
The classics just never go bad.
Until next time,
~Steve
Inflation appears to “be very well-controlled now,” Bernanke said, and should remain below the Fed’s 2 percent target “for the next couple of years.” This view is backed up, he said, by “more stable commodity prices and substantial slack in labor and product markets.”Ryan disagrees though, saying he:
“was greatly concerned to hear the Fed recently announce that it would be willing to accept higher-than-desired inflation in order to focus on the other side of its dual mandate, which is promoting employment.”
That would be a mistake, Ryan said, because “the Fed’s tools for promoting employment are limited, imprecise, and can have highly undesirable consequences. [It] runs the great risk of fueling asset bubbles, destabilizing prices, and eventually eroding the value of the dollar,” Ryan said. “The prospect of all three is adding to uncertainty and holding our economy back.”Check out the rest of the article on Portfolio.com
“We’re turning the page on a decade of war,” President Barack Obama said today at the Pentagon.
For the Pentagon, that means reducing its number of conventional ground troops and moving away from old weapons systems that don’t make much sense in an age where our biggest threats may not come from another nation, but from terrorists who operate on their own.
The new military will be “smaller and leaner,” [Defense Secretary Leon] Panetta said...
...but it “will be agile, flexible, ready, and technologically advanced.”
The Pentagon will continue to invest in science and technology and will balance budget cuts “with the imperative to sustain key streams of innovation that may provide significant long-term payoffs,” the strategic report states.We are an advanced civilization and keeping our military on the bleeding edge of technology will give us the best possibility of defending against attack or prompting attack in response. This next justification is just kinda BS:
“We’ll continue to get rid of outdated Cold War-era systems so that we can invest in the capabilities we need for the future, including intelligence, surveillance, and reconnaissance; counterterrorism; countering weapons of mass destruction; and the ability to operate in environments where adversaries try to deny us access,” Obama said.What are you going to do, have a big ass garage sale? Getting rid of Cold War-ear systems is not going to make us more able to invest. Sure, maybe if you melt down the copper wire and sell it to the guy with the storage container in a Wal-Mart parking lot; but other than that we're still in the same boat. Most likely this will cause a huge sucking black hole into which the defense budget will be thrown into, but that is business as usual.
This will present new opportunities for innovators. The Pentagon will be looking for better ways to protect national security in both space and cyberspace... the new strategy calls for development of a new stealth bomber and improvements in missile defenses,
The old military-industrial complex is undergoing the process of creative destruction. There will be losers, just as there is in the civilian economy...but winners will emerge as well from this shift to a more nimble military.I'm pro business, so I was happy to see the promotion of good ole' American capitalism in this process but I'm not sold on this plan yet.