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The real numbers, to most economically minded Americans, would be a face full of cold water. Based on the criteria in place a quarter century ago, today’s U.S. unemployment rate is somewhere between 9 percent and 12 percent; the inflation rate is as high as 7 or even 10 percent; economic growth since the recession of 2001 has been mediocre, despite a huge surge in the wealth and incomes of the superrich, and we are falling back into recession.

[..]

Undermeasurement of inflation, in particular, hangs over our heads like a guillotine. To acknowledge it would send interest rates climbing, and thereby would endanger the viability of the massive buildup of public and private debt (from less than $11-trillion in 1987 to $49-trillion last year) that props up the American economy. Moreover, the rising cost of pensions, benefits, borrowing, and interest payments — all indexed or related to inflation — could join with the cost of financial bailouts to overwhelm the federal budget.

Arguably, the unraveling has already begun. As Robert Hardaway, a University of Denver professor, pointed out last fall, the subprime lending crisis “can be directly traced back to the (1983) BLS decision to exclude the price of housing from the CPI. … With the illusion of low inflation inducing lenders to offer 6 percent loans, not only has speculation run rampant on the expectations of ever-rising home prices, but home buyers by the millions have been tricked into buying homes even though they only qualified for the teaser rates.”

Were mainstream interest rates to jump into the 7 to 9 percent range — which could happen if inflation were to spur new concern — both Washington and Wall Street would be walking in quicksand. The make-believe economy of the past two decades, with its asset bubbles, massive borrowing, and rampant data distortion, would be in serious jeopardy.

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The department of home affairs has failed to put in place a system that will help people with disabilities to get identity documents, the SA Human Rights Commission said.

Spokesman Vincent Moaga said the commission was concerned the department had requested that a woman with no arms could not get an ID unless she was fingerprinted.

Victoria Modise, 37, of Diepkloof Zone, Soweto, who lost her ID last year, applied for a replacement but was told she needed to be fingerprinted.

The hallmark of a good system is that it can deal with edge cases. Whoever thought this one up shouldn’t even be allowed to tie his own shoelaces.

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A few weeks ago, my wife and I flew from New York’s Kennedy Airport to Singapore. In J.F.K.’s waiting lounge we could barely find a place to sit. Eighteen hours later, we landed at Singapore’s ultramodern airport, with free Internet portals and children’s play zones throughout. We felt, as we have before, like we had just flown from the Flintstones to the Jetsons. If all Americans could compare Berlin’s luxurious central train station today with the grimy, decrepit Penn Station in New York City, they would swear we were the ones who lost World War II.

How could this be? We are a great power. How could we be borrowing money from Singapore? Maybe it’s because Singapore is investing billions of dollars, from its own savings, into infrastructure and scientific research to attract the world’s best talent — including Americans.

[..]

Much nonsense has been written about how Hillary Clinton is “toughening up” Barack Obama so he’ll be tough enough to withstand Republican attacks. Sorry, we don’t need a president who is tough enough to withstand the lies of his opponents. We need a president who is tough enough to tell the truth to the American people. Any one of the candidates can answer the Red Phone at 3 a.m. in the White House bedroom. I’m voting for the one who can talk straight to the American people on national TV — at 8 p.m. — from the White House East Room.

Who will tell the people? We are not who we think we are. We are living on borrowed time and borrowed dimes. We still have all the potential for greatness, but only if we get back to work on our country.

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Sen. Hillary Clinton’s mailing attacking Sen. Barack Obama’s record on guns appears to include a striking visual gaffe: The image of the gun pictured on the face of the mailing is reversed, making it a nonexistent left-handed model of the Mauser 66 rifle.

To make matters worse, a prominent gun dealer said, it’s an expensive German gun with customized features that make it clearly European.

“The gun in the photo does not exist,” said Val Forgett III, president of Navy Arms in Martinsburg, W.Va. Forgett’s company was Mauser’s agent in the United States when the gun was released, and it sold Mauser guns here again in the 1990s. “The bolt is facing to the left side of the receiver, making it a left-handed bolt action rifle, indicating whoever constructed and approved the mailer did not recognize the image has been reversed.”

[..]

“I bet the Clinton folks did a mirror flip on the stock image to make it look more ‘aesthetic,’” wrote one, David Phillips. “What a latte-sipping, Gucci-wearing thing to do.”

The Mauser 66, released in 1966 and no longer manufactured, is a high-end hunting rifle that found military use as a sniper rifle. In Clinton’s mailing, it’s pictured with a double-set trigger, a customization that’s popular in Europe but “almost unheard of in the United States,” Forgett said.

“It’s a $2,200 German import — it’s hardly typical of what the average workingman in Indiana uses,” he said.

It’s probably the same sniper rifle people used when she arrived in Bosnia…

Lesson for you marketing people reading this: careful with the stock footage!

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Perhaps you share my reaction to clever ads: as soon as I see one, a filmy layer of distrust and seething hatred gets in the way, and I can’t think of anything other than some bearded agency doucherocket receiving an award for being ‘clever’ and subsequently feeling on top of the world because he gnarled whatever wit and narrative grace he could muster into the successful injection of a brand into an ecosystem that, milliseconds later, does not care.

via

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The first high school dedicated to preparing students for the front lines in the Nation’s homeland security has gone from theory to planning in Wilmington.

The Project Manager for the Delaware Academy for Public Safety and Security, New Castle Attorney Thomas Little, signed a contract with Innovative Schools, a professional firm which will coordinate the mechanics of preparing the school for its eventual opening.

The process to find and fund a site for as many as six-hundred young men and women in Wilmington’s inner city is underway.

Curriculum choices for students, who are to be called Cadets, range from SWAT (Special Weapons and Tactics) through prison guard, water rescue, paramedic, fireman, professional demolition and emergency response operator, according to a Board statement.

*cough*