The Financial Times reports that the Republican Party is likely to approve a policy platform that calls for “an audit of Federal Reserve monetary policy and a commission to look at restoring the link between the dollar and gold.”
“The move shows how five years of easy monetary policy – and the efforts of libertarian congressman Ron Paul – have made the once-fringe idea of returning to gold-as-money a legitimate part of Republican debate.”
“Any commission on a return to the gold standard would have to address a host of theoretical, empirical and practical issues. Inflation has remained under control in recent years, despite claims that expansion of the Fed’s balance sheet would lead to runaway price rises, while gold has been highly volatile. The price of the metal is up by more than 500 per cent in dollar terms over the past decade. A return to a fixed money supply would also remove the central bank’s ability to offset demand shocks by varying interest rates. That could mean a more volatile economy and higher average unemployment over time.”
via Republicans Look at Gold Standard Comeback.
GOD SAVE AMERICA because the voter won’t. Republicans indeed! Wingnuts all.
Republican Todd Akin’s comment about women’s supposed ability to magically shutdown their vaginas during “legitimate” rapes is only the most recent of a series of outrageous statements made by conservatives about sexual violence against women. Perhaps even worse than the scientifically unsubstantiated claims made by Akin and other members of the GOP are those made by Republicans who actually seem to celebrate rape with statements like, “If it’s inevitable, just relax and enjoy it.”
via Dr. Chris Zepeda-Millan: What a Romney “1950s” Presidency Would Mean for Latinos.
Mid-August is when gardeners start to get depressed. The best time for the garden is over and all its failings are starting to show. Like the shade areas: these are always tricky. But for next year, forget about jamming in Impatiens and instead think shade perennials that will grow slowly, spread on their own, and last and last.
Shade perennials are less showy, more subtle. They are all about appreciating different shades (!) of green, different textures and shapes. And don’t forget: now is the best time to buy them. They are on sale at most nurseries, and if planted now, will have time to establish themselves over the winter.
Here are five of the best.
via 5 Best Plants for Your Garden’s Shady Spots : TreeHugger.
A new study says that the American food chain is so wasteful that roughly 40 percent of all our food goes uneaten, because we basically just throw it in the garbage. The report, which was issued by the National Resources Defense Council (via Reuters), looks at inefficiencies throughout our entire food production system — from the farm to stores to homes and restaurants — and finds that Americans throw out about $165 billion worth of food every year, or 20 pounds of food per person per month. That doesn’t include the water used in the growing and production of wasted food (about one quarter of all our freshwater consumption), the cost to transport it, put it on and remove it from shelves, and the space in takes up in our landfills, where it ends up contributing 25 percent of the methane emissions in the United States.
via Americans Throw Away 40 Percent of Our Food Every Day – National – The Atlantic Wire.
A volcano-like eruption Tuesday spewed chunks of concrete and bedrock as high as eight stories when an underground dynamite blast on the Second Ave. subway project went stunningly awry.
The eruption happened at 12:45 p.m., turning the intersection of E. 72nd St and Second Ave. into what appeared to be a war zone.
“It was like the finale of a fireworks display, but right there in my face,” said John Wilson, 69, of Wilmington, N.C., who was out exercising a new hip implant when the explosion happened.
Miraculously, no one was injured by the subterranean mishap that left a crater in the fenced-off construction site on the northwest corner of the intersection.
via Second Ave. subway blast sends debris eight stories high – NY Daily News.
Craig Murray and Tariq Ali Speak In Support of WikiLeaks’ Julian Assange Outside Ecuadorean Embassay
See Craig Murray, the former British ambassador to Uzbekistan, and writer and activist Tariq Ali, speak outside the Ecuadorean embassy, where WikiLeaks’ Julian Assange spoke Sunday.
via Democracy Now!.