The Mess That Greenspan Made - Part 416

The Best of the Bozeman Police Reports

Culled from the Police Reports page of the Bozeman Daily Chronicle come the best of the Bozeman police reports from the last week along with some items from the Sheriff’s Office.

Hungry bears and inadvertent 911 calls dominate the most recent batch of police reports as it seems all the downtown bars must have been shut down in recent weeks given the dearth of reports of drunk and disorderly patrons. Maybe the late-night crowd is taking a few weeks off until the bears get through their “hyperphagia” stage and enter hibernation. If so, that would be a wise decision as TV news reports of bears being where they’re not supposed to be at all hours of the day are a regular occurrence.

  • A small, dark bear went through someone’s trash on Westridge Drive around 2 a.m.
  • Someone from Willow Way wanted to know whether it’s legal to give an 11-year-old boy a Playboy magazine.
  • Officers responded to an assault with a golf club on South 10th Avenue. Officers found people in their front yard dressed up and filming.
  • A man opened his car door on Little Coyote Road to find a bear inside. The bear had “trashed” the interior of the vehicle.
  • South 15th Avenue man named Larry wanted to know how to block 911 from his phone “because he’s tired of” 911. When told that he was calling 911, not the other way around, he sighed and hung up.
  • A business on Main Street wanted officers to remove a person sleeping on a picnic table.


Jon Stewart of the Daily Show looks at the mainstream media coverage of the Occupy Wall Street protest, comparing and contrasting it to the Tea Party protests of a couple years ago, making Fox News talking heads look a little ridiculous in the process.

The Daily Show’s Samantha Bee also had this take on the goings on at the protest.

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Though I follow the national political debate quite closely, I don’t normally write about it since, to be perfectly honest, it’s thoroughly depressing to think about how difficult it will be for the nation to make sufficient reforms to the political system in order to effect meaningful improvements in the economy due to the fact that both political parties are, in essence, bought and paid for by special interests that, up until now, have had a death grip on all things financial and economic.

It should come as no surprise that the standard of living in the U.S. has been declining for many years for all but the very rich since those are exactly the results that one would expect from the policies enacted by the federal government.

Of course, federal government workers and public sector union employees aren’t doing so bad either – at least compared to the dismal prospects for the rest of the country.

Though short on demands or recommended solutions, the OWS (Occupy Wall Street) protesters seem to understand all of this quite well and their growing movement provides a unique opportunity for the country to begin extricating itself from the decades long downward spiral that has seen us shift from the globe’s unquestioned military leader, largest creditor, and manufacturing powerhouse to just the world’s military master.

Should the OWS effort turn into a real movement that maintains political power outside of the current two-party system, then there is real reason to hope for a better future though, like the Tea Party movement was hijacked by the Republican party two years ago, the odds are very high that OWS will eventually succumb to the will of the Democratic Party and, gradually, be diverted from what should be a central focus – that the unholy nexus of Wall Street and Washington must be end.


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Payrolls Up 103K, Jobless Rate Holds at 9.1%

The Labor Department reported that nonfarm payrolls increased by 103,000 in September and job gains for July and August were revised upward by a total of 99,000 (to 127,000 and 57,000, respectively), but the jobless rate held steady at 9.1 percent.

The gain in nonfarm payrolls last month was due in part to about 45,000 striking Verizon Communication employees returning to work during the survey period, however, both the professional & business services and the health care sectors also added 40,000+  jobs.

At 14.0 million, the number of unemployed persons was unchanged in September while the labor force participation rate was steady at 64.2 percent. The jobless rate has now been within a narrow range of between 9.0 and 9.2 percent for the last six months and a broader gauge of unemployment – the U6 under-employment metric that includes those settling for part-time work or who have given up looking for work – rose from 16.2 percent to 16.5 percent.


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Friday Morning Links

UK banks hit by Moody’s downgrade – BBC
Germany, France Split on Bank Aid – Reuters
ECB Keeps Banks Afloat as Governments Act – Bloomberg
Bank of England hits the panic button – Telegraph
Moody’s downgrades nine Portuguese banks – Economic Times
Europe vs. the ECB: A high-stakes game of chicken – Washington Post
Some Unemployed Find Fault in Extension of Jobless Benefits – NY Times
History Channel program cites GATA in examining Fort Knox gold – GATA
How Lobbyists Are Undermining Dodd-Frank: A Case Study – New Republic
Anti-Wall Street Protests Ignore Legitimate Gripe – Baum, Bloomberg
Can “Occupy Wall Street” become a movement? – CBS News
Confronting the Malefactors – Krugman, NY Times
Apple’s Greatest Ads – HuffPost

Oil drops to $82 ahead of jobs report – AP
Gold steady ahead of U.S. jobs figures – Reuters
Where to next for oil — $50 or $100? – MarketWatch
Morgan Stanley: ‘Resilient’ Gold May Surge to Record – Bloomberg
Gold shines amid gloom of ‘worst economic crisis ever’ – Telegraph
HUI index nears important support at 500 – Commodity Online
US Stocks Most Attractive Place to Be: Expert – CNBC
Vietnam’s jittery gold bugs – beyond brics
Vital Signs: Rising Financial Stress – WSJ

What Do You Call This ‘Recovery’? – NY Times
Recommendations for economic policy – EconBrowser
Is US Economy Flirting With ‘Modern-Day Depression’? – NetNet
Bank of Japan stands pat, sees recovery on track – MarketWatch
Our China Currency Bill Will Defend America’s Core Interests – Fox News
Bank of England governor fears crisis is ‘worst ever’ – BBC
Insight: Deflating China’s housing bubble – Reuters
Mortgage Rates, Mortgage Demand, and Home Prices All Fall – CNBC
FHFA’s Fix for Underwater Mortgages Faulted by Lawmakers – Bloomberg
Homeownership rate experiences biggest drop in 70 years – Housing Wire
It’s Too Hard to Know Who Is Too Big to Fail – Bloomberg
The Fed’s (Gulp) Nuclear Options($) – WSJ

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