Practically a reprieve, eh? (+ a Larry Summers quip)

Lessee: at 120ish and with no 'retirement' accumulating 'during'..
He and his companion seeing-eye dog can push their purloined shopping cart amidst the ruins of DC, hoping for a few crumbs from the Mad Max Corps of de-Engineers
--well, if They're still around, even.

[er, this-all IS Theatre, ain't it--still??]
Tragedy
Comedy
Tragico-comic
Comedo-tragic
Existential Fantasy
Rap-doxology
.
.
.
and, Ooh--somewhat off-topic but in same thread, this gem

EconWatcher says:
August 6, 2013 at 2:18 pm
Maybe I missed it, but I havenÂt seen a thread to complain about Obama pushing Larry Summers as Fed chair. So IÂm forced to use this one.

Seriously, Larry Summers may be the biggest jerk in Washington. A bold statement, I know, but I think his record warrants it.

HeÂs a classic VSP. Often wrong but never in doubt. He managed to dis just about everyone who was more prescient than he was leading into the financial crisis (a large crowd). HeÂs one of the geniuses who thought it was a great idea to leave credit default swaps and other derivatives entirely unregulated. He has to be one of the greatest recent examples of failing upwards.

And heÂs just temperamentally unsuited for any job that requires more diplomatic skills than a junkyard dog. For better or worse, markets follow every syllable that the Fed chair says, and can go haywire from the slightest inaptly worded statement. Does this sound like a job for Larry Summers? Larry frickinÂ Summers?

What is Obama thinking?

(Nice to see someone else sharin the Luv for this reptile.. who just may get the gig, anyway, since it's all surreal.)

I still think Obama will appoint Yellen. Why? A couple of reasons.

1) Remember when 'everyone' was convinced that he was going to appoint Susan Rice as Secretary of State when Hillary left? How he had to because he defended her so strongly? I think Obama is defending Summers in the same spirit but that doesn't mean he has a lock on FedHead.

2) Remember when Obama was criticized for not having more appointments for women and minorities in his 2nd term? He said something like, "it's early and I think you'll be pleasantly surprised...". He knows that passing over Yellen will look very bad.

I haven't kept up with the Manning trial in detail and don't have a strong feeling of what sort of sentence he will get. It seems as though the judge is trying to be fair. John Walker got life but may be released in 2015 (30 years). Jonathan Pollard got life but may be released in 2015 (28+ years). I would be very surprised if Manning got more than them and 10 years sounds sufficient to me at the moment.

FWIW.

Cheers,
Scott.

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