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And, yes, I DO take it personally: The European debt crisis is far from over and is far from just "European"
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Wednesday, April 28, 2010

The European debt crisis is far from over and is far from just "European"

i was sitting in the "breakfast" room of a motel on the california side of donner pass this morning watching today's matt lauer and his fellow-airheads deliver non-news news and reflecting on just how much shit we're fed at a time when there are more critically important things happening in the world than at any other time in my 62 years... the global financial house of cards continues its slow-mo train wreck but we're treated to martha stewart's tips on making bruschetta...
The head of the International Monetary Fund has warned that the crisis in Greece could spread throughout Europe.

Dominique Strauss-Kahn said that every day lost in resolving Greece's problems risks spreading the impact "far away".

World financial markets, recovering slightly on Wednesday, have been badly hit by fears of contagion from Greece.

Mr Strauss-Kahn was speaking at a news conference in Berlin after trying to persuade reluctant German politicians to back the terms of a rescue deal.

But even as politicians were trying to resolve the crisis, Europe's debt problems were flaring elsewhere.

The Standard & Poor's ratings agency delivered more bad news by downgrading Spain's debt to AA from AA+.

yeah, i know... it's very old news that we don't get real news... our "news" outlets are 100% dedicated to keeping us pleasantly sedated with fluff and inconsequential nonsense... right now, for instance, i'm sitting in a rest area just west of the donner pass summit (i was turned back because they're requiring chains on all four truck wheels and all four trailer wheels and i have no intention of buying any), listening to npr out of sacramento present a "story" on ballroom dancing... god, we are sooo-o-o-ooooo screwed...

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