Number of the Day

5.6 Million: The number of Americans who have switched their banks in the last 90 days.

Javelin noted that this pace of account closing is three times the normal rate. While 11 percent of people moving their accounts cited Bank Transfer Day, one quarter said they moved their money because their old institution charged too many fees. Account closures at Bank of America, the nation’s second largest bank, actually jumped 20 percent in the fourth quarter of last year, potentially driven by the bank’s ill-fated decision to implement a $5 monthly fee for its debt cards.

Funny, That

Atrios, aka economist Duncan Black: I Could Have Told You That a Couple of Years Ago:

Suddenly everyone's jumping on the idea that maybe jobs and economic growth are a wee bit important. But, you know, all the Very Serious People were wrong for the right reasons while the hippies were right for the wrong reasons, so the VSPs were really right and the hippies were really wrong.

It's amazing how that always works.

See also: The Iraq War.

Rinse. Repeat. Forever.

News I Don't Want to Write About

[Content Note: War, reproductive rights legislation, rape culture, violence, misogyny.]

Here is all the news I don't want to write about today!

There is the BIG NEWS that Iran is totally going to attack the US! It's true! Or not! It seems like I've heard this story before: The administration of a first-term president before a hotly contested election says that US intelligence has found that Iraq Iran is developing nuclear capabilities with intent to attack the US and/or US interests, and there are UN weapons inspections, with which Iraq Iran is cooperating, but the belligerent rhetoric of preemptive self-defense keeps getting ratcheted up nonetheless, including accusations of Iraq's Iran's noncompliance with those inspections. THIS IS A FAMILIAR TUNE, SHAKERS!

"Wolf!"—The Boy.

In good news, the New York Times is partying like it's 2003, because they've already got a year of reporting covered c/o search and replace.


There is the news that Michele Bachmann exited the presidential campaign one million dollars in debt. And the news that Rick Perry blew through $15 million in the final months of his campaign, for presumably no purpose other than raising awareness about what a douche he is so he could LOSE FASTER! This is yet another golden opportunity for USians to consider how utterly fucked up it is that we do not have publicly financed elections or limited electoral seasons, and very rich people spend enormous amounts of money to get elected while other politicians who have already been elected argue in fancy buildings about how we don't have any money to provide healthcare, food, and housing to everyone in the country.

There is the news that former Florida Governor Charlie Crist might someday run again for office as a Democrazzzzzzzzzzzzzzzzz. Huntsman-Crist for President-VP of Napping!

There is the story about Janet Howell, a Virginia State Senator, who, to Make A Point, attached an amendment to a state mandatory ultrasound abortion bill "that would require men to have a rectal exam and a cardiac stress test before obtaining a prescription for erectile dysfunction medication." Hardy-har. Suffice it to say I don't find proposing the equivalent of a forced trans-vaginal sonogram law to be amusing, since it's little more than a sophisticated rape joke. I am, I trust it is evident, sympathetic to Howell's intentions, but I cannot get on board with fighting the nonconsensual control of the bodies of women and other people with uteri with a proposal for more of it, rather than less. Coercing a person to undergo an unnecessary vaginal probe to acquire a legal medical procedure is rape, and compelling an anal probe is no different.

There is news about ladies! The US women's soccer league's 2012 season has been cancelled less than 24 hours after the US women's national team qualified for the Olympics. If there's one thing we know how to do in America, it's treat women's sports like absolute shit!

There is the story of a man in Afghanistan, where we've been SPREADING FREEDOM for ten years and counting, who has reportedly strangled his wife after she failed to bear him a son. Three healthy daughters, though. Who now have no mother. Rage. Seethe. Boil.

There is this story about "three regulators [who] did indeed ring warning bells [about the subprime financial crisis]—at the right time, in the right places, and loud enough for other banking and financial system overseers," but were all ignored. Guess what they all have in common? Go on—guess! If you said they were all ladies, give yourself 1,000 points, redeemable at Shakesville's OMFG the Absurd Misogyny in the Year 2012 Shop!

Ladynews Trifecta!

There is, because I want to end on a hopeful note, this story about a potential breakthrough in cancer research and one patient's view of a future.

Talk about these things! Or don't. Whatever makes you happy. Life is short.

Number of the Day

10 million: The number of jobs the US labor market still needs in order to return to pre-recession employment. Heidi Shierholz at the Economic Policy Institute:

The jobs deficit left from losses in 2008 and 2009 remains well over 10 million jobs; this takes into account both the 6.1 million fewer jobs we have now than we did before the recession started, and the fact that we should have added over four million jobs over that period just to keep up with normal growth in the working age population.

In December, the addition of 200,000 jobs was heralded as strong growth, but, as the figure shows, even at that rate the United States will not return to full employment until 2019. By way of comparison, to get back to full employment by the start of 2016 – four years from now – the labor market would have to add around 320,000 jobs a month. But expectations are that sustained robust job growth is at least one year away (pdf).

I hope President Obama's got one magical speech prepared for the State of the Union tonight.

lolsob forever

Actual Headline: Obama administration warns the left: You will not like our budget.

Actual Lede: "Top White House officials are warning liberal and labor leaders to brace themselves for President Obama’s budget proposal."

Actual Quote: "Obama staffers sought to present their budget plan as a glass half full."

So, you know, if you're one of the millions of USians who are suffering from "food insecurity" because many of the social programs that constitute our jury-rigged social safety net are being defunded, don't think of it as your belly being half-empty; think of it as your belly being half-full!

In totally unrelated news, President Obama will accept the Democratic nomination for president at Bank of America stadium this year. Perfect. That is definitely the perfect place and will not look at all comprehensively clueless.

Number of the Day

$156 billion: The approximate estimated total of 2011 bonuses at seven of the biggest US banks—Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, US Bank, and Wells Fargo. The total is "slightly larger than last year's record-breaking number."

Perfect. Good for them.