Racheumeuneu a 6 ans aujourd’hui !
Yesterday on the Tooter, I mentioned how much I love and appreciate what my pal, Mike J. Nichols (aka “The Phantom Editor”) [IMDB], has done with his famous/infamous Star Wars recuts, Star Wars Episode I.I – The Phantom Edit (2001) and Star Wars Episode II.I - Attack of the Phantom (2005).
Like I said, I think he did everything humanly possible with all that virtually impossible material. Both edits are fun and fascinating to watch, and I can really recommend checking out both, provided you can put your hands to a copy…out there.
But American manufacturing won’t be coming back. Although 404,000 manufacturing jobs have been added since January 2010, that still leaves us with 5.5 million fewer factory jobs today than in July 2000 – and 12 million fewer than in 1990. The long-term trend is fewer and fewer factory jobs. Even if we didn’t have to compete with lower-wage workers overseas, we’d still have fewer factory jobs because the old assembly line has been replaced by numerically-controlled machine tools and robotics. Manufacturing is going high-tech.— Robert Reich : Manufacturing Illusions
The upcoming [European Stability Mechanism] will however also face a difficult trade-off between higher lending volume and achieving a AAA rating. With no further increase to the current callable capital levels, the lending capacity of the ESM would decline by Eur200bn. To maintain the current lending capacity and its AAA, then member countries would need to double their level of callable capital into the ESM compared to current commitment. Should euro area policy makers want to double the lending capacity of the ESM from pre downgrade times (while maintaining its AAA), then the ESM would need a callable capital of almost 30% of euro area GDP! Discussions surrounding the potential increase in the size of the ESM in March will be more difficult post downgrade.— Jacques Caillou, chief economist at RBS, quoted by Paul Murphy in FT Alphaville » RBS on those S&P downgrades