The Air We Breathe...

The Information Horizon: OK, I mixed metaphors which I will let others complete, as I thought of the air waves and the information highway and the rising tide and being in the same boat. Well, maybe I took it one thread too far.
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TO THE FCC and CONGRESS
Take Action! [**] <<== CLICK HERE And for more action ==>HERE

The FCC must not further deregulate the air waves. It is bad enough that the public airwaves are controlled by conglomerations already, that should be remedied. But to allow the expanded ownership by the print media should be prohibited. The whole purpose of the FCC should be to regulate something that is supposed to be free, but is limited. It turns out to be quite profitable, and the print media is not on hard times, except for the competition which arises from the same conglomeration. If these cannot be regulated to be serving the public good, then they should be making a profit for the public good.

This is not just an economic issue, it is a power issue. You will use yours for good, or you will use it for power and profit. If it is the latter, you should have neither.

I was not going to make a major production out of this, and I suppose I could have included of few statistics rather than just seemingly pull this out of the air waves, but here is an example I stumbled upon today. In doing a background check (google) on Joseph Stiglitz, "Making Globalization Work",
I came across a review in my local paper by Bruce Ramsey and embedded in that piece is the following:

His book is flavored with a deep distaste for inequality. "Those who are concerned about inequality see much of it arising out of luck -- the luck of being born with good genes or rich parents or the luck of buying a piece of real estate at the right time," he writes. "Those who are less concerned feel that wealth is a reward for hard work."

It is, of course, a combination of the two. Free-traders would give freer rein to luck in order to maximize overall economic gain. Stiglitz would not.

While this may seem "fair and balanced" [*], or at least I feel that Ramsey believes he is being so, his conclusion is slanted to the freeing up of the luck, after admitting it is a combination of the two. You, ladies and gentlemen, should be working hard to make sure not only hard work is rewarded, but that you are not making it easier for those getting something for free (the air waves) while making it harder work and harder luck to compete.

[Update: A New Optimism - -A New Pre-emption - - An old Foundation]

[Update: Pre-Empting Crimes ]

[*] And not in the FOX way, but here is a fairly powerful and balanced take on the media and democracy: The Proper Imbalance ]

[**] SEE COMMENT regarding Senate Bill 2332, the "The Media Ownership Act of 2007.

"hair of the dog"

Alan Shrugged
by Marty Kaplan The Huffington Post

Slang for Morning Joe** or not* your cup of tea. OK, I mixed metaphors or drinks, implying a wake-up. Actually I may have something here, as the bailout, or rescue has not yet reached a full intervention, and will it?

*On a lark I looked up Morning Read which you need not, nor dig up Slang Note: bold link is the read for the day.
** I don't catch the show but would recommend Rachel Maddow getting another 2 hours.

[Evening update: the way this comment weaves I might refer to the navigation link. Meanwhile another link: I need to unembed or consider the table.
In particular:
a list of economists I had intended to sort as progressives, Noted in the article - Joseph Stiglitz, Dean Baker, Jared Bernstein. Not noted - Paul Krugman, Ravi Batra: Meanwhile: Kudos to Krugman. Speaking of Laffer and Elixirs ]

INET

Joseph Stiglitz: Economics Has to Come to Terms with Wealth and Income Inequality
Xavier Gabaix: NFRY / PC

While reading the first I imagined a curve representing a tipping point and it's margins.  I also considered that dominoes can tip either way, but that is not the game called Dominoes. Then I properly applied the Laffer Curve but thought of a gulch of sorts.  (Ctrl F. Newtonian: not to mention 3-body problems.)  See PC and NFRY.  THE POINT ? [!] (Poe Pen dull  em?)

12-20-14
The mess ~ age is the message.  Not knot (~) exactly [!]
Fail fast/Bohemian Gravity/Enantiodromia=2#/8th. (Bohemian Irony Dimensions ... ?)

Hold your head up Paul Krugman!

Reform Is Needed. Reform Is in the Air. We Can't Afford to Fail.Truthout.org by: Joseph Stiglitz | Visit article original @ The Guardian UK

Geithner's Plan Will Tax Main Street to Make Wall Street Richer by Dean Baker Truthout.org or Huffington Post

Paul Krugman rounds out or triangles out the table. I will only make one comment in that the bottom line is the people, and since the trickle down has caused an economic bubble if not civilization to go up in smoke and mirrors, that the burden is there on that bottom line, while the money is in the clouds. OK, now I'm rolling. But seriously, I am not sure if we are caught between salting the clouds and salting a mine, but Humpty Dumpty * needs help. Are these the Three Musketeers?
[*] Pre-Post-or-us? links embedded: A Plea to Congress ! Between the charges ? "Off a Cliff" And do we have d'Artagnan on The Fence?