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Your Daily Diet of Washington Post Lunacy: (Saturday, November 4)
Front Page, splash image: "Steel Rises Out of the Ashes in Baltimore"
(more on that later... the gist of the article being that steel now employs 2,000 people in the Baltimore MSA instead of 50,000 people, but it would be zero people if it weren't for the wonderful efforts by an Indian mogul, Lakshmi Mittal to capture a monopoly, thereby stabilizing the "downward-spriraling" cost of steel, a commodity that has doubled in value since 2001. Lesson: monopolies are good; labor unions must do everything possible to kow-tow to their Indian benefactor, a man who lives in a $130 million mansion next door to the Queen of England.)
On the very same page, it turns out we are "beyond full employment" thanks to those geniuses like Lakshmi Mittal, with a little help from the Labor Department:
"Jobless Rate is Lowest Since '01"
Unemployment fell last month to the lowest level in more than five years, to 4.4 percent -- a drum-tight labor market that shows the economy remains fundamentally strong despite weak spots such as housing and manufacturing. The Labor Department said employers added 92,000 jobs in October, a modest number. But the department revised earlier estimates to show more payroll growth in August and September <...> That was enough to drive unemployment down from 4.6 percent in September.
Considering that some workers lack the education and skills to be readily employable, economists regard any unemployment rate below 5% as striking. "We are beyond full employment," said Mark Zandi, chief economist at Moody's Economy.com Inc.
"Allen and Webb Scramble to Break Voter Traditions: Military, Black Voters May Swap Loyalties"
HAMPTON, Nov. 3 -- US Sen. George Allen and Democratic challenger Webb fired up black voters Friday on swings through southwest Virginia... Allen, a Republican who has struggled to win support from black voters since his days as governor in the 1990's, won the enthusiastic backing of more than a dozen ministers from black churches in the Tidewater area.
They said they were driven to Allen's side by his support for a constitutional amendment banning same-sex marriage on Tuesday's ballot.
"Judges are going after the most important institution of all in our society: the family," Allen said.... The ministers by his side broke into applause, murmuring "That's right!"
(The amendment would also make it impossible for unmarried partners to file domestic violence complaints, but the article fails to mention that, perhaps because it would cast Allen himself in a poor light.
The Post's overriding objective as an institution is to elect politicians who are pro-development, since they have vast investments in area real estate and colleagues of the Graham family stand to make literally billions of dollars from defense-related development on specific tracts in the outer D.C. suburbs...)
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