Peter Yarrow, of Peter Paul and Mary fame, made a 14-year old girl wank his weenie in a hotel room in 1970. He served three months for his crime.
WaPo in 2021 wondered if there were other victims.
Jimmy Carter pardoned Peter Yarrow at the last second in 1981, while we were distracted with the release of the Iran hostages and the inauguration of Ronald Reagan.
Both disgusting wankers have now died, just days apart: Jimmy on Dec 29th. Peter on Jan 7th.
OK, bond markets are open today, because SOMEONE has to pay for the 44% increase in the national debt which was racked up under Jimmy Carter.
Stonks soared, nominally, under Jimmy at 11.81% per annum on average January 1977 to January 1981, but because inflation was so terrible, 10.43%, real return for the S&P 500 clocked in at only 1.25% per annum during his presidency.
In the turbulent landscape of international affairs, a desperate bid to rescue 53 American hostages from Tehran unfolded tragically on April 24, 1980, culminating in the loss of eight brave servicemen and no hostages freed. Special Operations Warrior Foundation traces its roots to that tragic night.
More.
American citizens have been held hostage by Hamas for seven months, and with Israel on the cusp of ending their ordeal, Biden pulls the rug out.
Israel wasn't even in Rafah when Biden decided to halt the shipments. He stopped them early last week. He's lying.
Biden's treachery to our allies in-country has been on display from the beginning of his career, abandoning them from Vietnam all the way on to Afghanistan, and now on to Israel.
He's told us who he is all his life, worse than Jimmy Carter.
Biden says U.S. won’t supply weapons for Israel to attack Rafah, in warning to ally
“Civilians have been killed in Gaza as a consequence of those bombs and other ways in which they go after population centers,” Biden told CNN. “I made it clear that if they go into Rafah — they haven’t gone in Rafah yet — if they go into Rafah, I’m not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities, that deal with that problem.”
Assuming they are still alive.
The conflict between the facts and this new proposal is jarring to say the least:
Here in the chamber tonight are American families whose loved ones are still being held by Hamas.
I pledge to all the families that we will not rest until we bring their loved ones home. ...
Hamas
could end this conflict today by releasing the hostages, laying down
arms, and surrendering those responsible for October 7th. ...
Tonight, I’m directing the U.S. military to lead an emergency mission to establish a temporary pier in the Mediterranean on the Gaza coast that can receive large ships carrying food, water, medicine and temporary shelters.
I remember when Americans held hostage by Muslims in Iran was a crisis which toppled a president. Now hardly anyone gives a fig because they're Jews.
As if there were any doubt any longer.
Here:
And the US and EU should recognise that Hamas is not just a military force but also a political one.
It cannot be wished away, nor will it cooperate in its own demise. Only by recognising its legitimacy as a political actor – one that represents a substantial portion of the Palestinian people – can the west begin to provide the right incentives for Hamas to lay down its weapons. Ever since the internationally monitored 2006 elections that brought Hamas to power in Palestine, the west’s approach has manifestly contributed to the opposite result. Ultimately, however, lasting peace depends on the creation of a Palestinian state next to Israel.
The president of the Southern Baptist Theological Seminary, Albert Mohler, condemned Carter at the time.
Yield for the 10-year US Treasury rose to an average 4.17% in August 2023 while core inflation year over year fell to 3.87% in August 2023.
This ends the 3-year 5-month run where core inflation exceeded the 10-year yield, something which has never happened in the data.
The only time core inflation outran the 10-year previously for a comparable period was in 1974 and 1975 when core inflation averaged 7.91% and 8.35% vs. the 10-year yield which averaged 7.56% and 7.99% respectively.
That lackadaisical response to inflation by the Federal Reserve under Arthur F. Burns (1970-1978) prefigured the 1980 resurgence of core inflation to 9.19%. Under his successor Paul Volcker, interest rates were hiked to unprecedented levels to curb inflation. The 10-year yield rose to an average of 13.92% in 1981 as a result.
The current fear is that the Powell Fed has set up the economy for a repeat of this awful period of inflation.
Whatever is said about it, there is no question that inflation is a benefit to the Federal government because it depends on borrowing to finance deficit spending and consequently the debt, now at an unprecedented $33 trillion. Inflation simply reduces that cost to the government over time by making the dollars previously borrowed worth less.
It is true that new borrowing costs much more, but the debt mountain mammoth in the living room is the more pressing problem. This is why the cognoscenti teach that inflation is a good thing.
Extending the duration of inflation at the currently relatively low level has been in the government's interest. The costs born by the public in the form of higher prices for goods, services, and borrowing are becoming routinized so that the voters are becoming inured to the deleterious effects for them while clueless of the benefits for the debt mongers.
This is particularly the case for voters who have no memory of that horrible inflation which gave rise to the backlash represented by Ronald Reagan's election in 1980, and who now vastly outnumber those who still remember.
It should not be forgotten that Jimmy Carter got elected in 1976 anyway, after the Burns' inflation. The voters then took it all in stride, too, until they didn't.
Same as it ever was.
It's all just weird.
And Jimmy Carter level bad.
Jimmy Carter doesn't have to work too hard to be unlikable, but he does it anyway.
Rushdie for his part, like Rush Limbaugh, is a serial monogamist who can't seem to find a wife he likes, or who likes him.
Or maybe the wives just couldn't stand living under the cloud of the Ayatollah's 1989 fatwa, after which Rushdie divorced three times.
Carter threw gasoline on the fatwa fire with this piece in the paper of record not even three weeks after the fatwa was issued.
Time to update this.
The 2020 average was revised to 61.8 and the 2021 average is 61.7.
One way to grow the participation rate, as seen in the first chart, which is monthly, is TO NOT HAVE TO COUNT PEOPLE.
How do you do that?
The economy sucks so bad you drop out of the labor force, which instantly shrinks its size. So as jobs recover a little bit the participation rate looks better because more people compared with the smaller underlying base are working again.
Not in labor force on an average basis hit an all time high in 2021 of 100.24m, pushed mostly by the 2008 catastrophe for older workers, while growth in the labor force has been anemic to flat because people aren't having enough kids.
People who remember the malaise of the Jimmy Carter era who are still alive today can relate.
CIVPART hovering on the 63% line was the Trump era's "greatest economy ever", lol.
Click any graph to enlarge.
