Oil Sheen Seen Near Damaged Platform in Gulf of Mexico
By CAMPBELL ROBERTSON and JACK HEALY
The mile-long sheen was spotted hours after an explosion on the offshore oil platform on Thursday, the Coast Guard said.
Barks and howls not having to do with bicycling--usually...
And that, you would think, is the very definition of a crisis having gone to waste."
That’s because the real problem has to do with the structure of the economy, not the business cycle. No booster rocket can work unless consumers are able, at some point, to keep the economy moving on their own. But consumers no longer have the purchasing power to buy the goods and services they produce as workers; for some time now, their means haven’t kept up with what the growing economy could and should have been able to provide them...
(snip)...THE Great Depression and its aftermath demonstrate that there is only one way back to full recovery: through more widely shared prosperity. In the 1930s, the American economy was completely restructured. New Deal measures — Social Security, a 40-hour work week with time-and-a-half overtime, unemployment insurance, the right to form unions and bargain collectively, the minimum wage — leveled the playing field.."
Go read the whole thing.
The mile-long sheen was spotted hours after an explosion on the offshore oil platform on Thursday, the Coast Guard said.