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Archive for April 1st, 2009

Nestle boss warns of inflation

Posted by Charles II on April 1, 2009

Richard Milne, FT:

Increased government spending through stimulus plans risks plunging the world into a new crisis and has already sparked a return of inflation, according to the chairman of Nestlé.

Peter Brabeck, one of Europe’s leading businessmen with his role as vice-chairman of Credit Suisse and L’Oréal, told the Financial Times in a video interview that the current recession would be “very deep” and “relatively long”. He added that the deficits being created by many governments meant “this crisis will go on for a long period”….

Mr Brabeck also warned that food prices would continue to rise this year as global demand increased by 3-4 per cent. He said the food crisis was “getting worse” and the poorest people “have been hurt very, very strongly” by it.

I don’t think there’s any evidence of inflation. But this is one of the arguments that will be marshaled against fiscal stimulus. Brabeck also seems to be pushing for water privatization.

Posted in economy | 5 Comments »

Edible airliners

Posted by Charles II on April 1, 2009

Well, here’s something good from Eli: edible, glow-in-the-dark, anti-malarial art.

Posted in Good Things | 2 Comments »

Obama blog suppresses mention of single payer

Posted by Charles II on April 1, 2009

Via Avedon, Lambert Strether has the story.

Color me “disgusted.”

PS: You can write to Governor Culver here and to President Obama at whitehouse.gov.

Posted in health care, Obama Administration | 11 Comments »

The Day Of Reckoning?

Posted by Phoenix Woman on April 1, 2009

Norquist said it, I believe it, that settles it

Norquist said it, I believe it, that settles it

Harry Reid said he wanted to seat Al Franken by April 1. John Cornyn said he was going to hold his breath and turn blue if Reid tried it. What will happen?

What I would like to think would happen is that Reid would just say “Screw it” and trigger the nuclear option. After all, it’s already on the table for the budget bill. Might as well get it over with.

Posted in 111th Congress, 2008, Al Franken, Congress, IOKIYAR, Minnesota, Norm Coleman, Senate, Silly Republicans | 3 Comments »

 
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