Your Happening World (21)

The work experience programme set up by the ConDem government is a scam where large companies get free employees at the taxpayer’s expense it turns out, to the surprise of absolutely no-one. Meanwhile the people suckered into it get no experience, take the place of people who’d actually be paid to stack shelves and are threatened by the loss of their unemployment benefits if they back out. It’s like the apprentice only with the offer of a minimum wage job at the end.

Eurozone bond markets suffered a mass sell-off on Tuesday as investor fears spread beyond Italy and Spain to triple A-rated France, Austria, Finland and the Netherlands. Yeah, there’s a surprise. Oddly enoguh throwing first Greece, then Italy to the wolves has not meant the rest of the countries in the EU troika are now safe…

But at least Europe is made safe for Goldman Sachs. The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic.

Occupy Wall Street: Chaotic Good. We tried to play by the rules and got ignored. Occupy Wall Street has thrown out the rule book.

Serpents: a public service announcement by Jack Crow.

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