Posted by Gary Howard on 07/30/10 12:35 PM   [Newer: Daily Newsline: Iraq drawdown stories; Health Care lawsuit moves forward; Immigration fights.] [Older: Daily Newsline: FBI to invade more privacy, Gov makes fake jobs, Californians confirm craziness]

Daily Newsline

Friday, July 30, 2010

Day's Theme: Learn Chinese, this boat is sinking

First thing: "I thought I told ya'...we won't stop"

Calls to renounce are silly.

Headline: CHINA BECOMES SECOND BIGGEST WORLD ECONOMY

China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1 spot sometime around 2025, according to projections by the World Bank, Goldman Sachs and others. (CNBC)

My take: Gotta get that Rosetta Stone for Chinese.

Told you that China was making a come up: From Tiananmen Square to Possible Buffett Successor

We are all screwed (I thought the motto was "Don't be evil"?):

The investment arms of the CIA and Google are both backing a company that monitors the web in real time - and says it uses that information to predict the future.

The company is called Recorded Future, and it scours tens of thousands of websites, blogs and Twitter accounts to find the relationships between people, organizations, actions and incidents - both present and still-to-come. In a white paper, the company says its temporal analytics engine "goes beyond search" by "looking at the 'invisible links' between documents that talk about the same, or related, entities and events."

An ongoing meme, proved faux again and again. (pot calling kettle)

Headlines: Recession deeper than gov't previously thought

The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday, estimates the economy shrank 2.6 percent last year -- the steepest drop since 1946. That's worse than the 2.4 percent decline originally estimated. The economy's plunge underscores why the unemployment rate surged to 10.1 percent in October, a 26-year high. (AP)

My take: We already, even if the government didn't.

Headline: July is deadliest month of Afghan war for US

Three U.S. troops died in blasts in Afghanistan, bringing the death toll for July to at least 63 and surpassing the previous month's record as the deadliest for American forces in the nearly 9-year-old war. (AP)

Headine: Health Bill's New Tax Rules Under Fire

Democrats may water down or repeal new tax-reporting rules that are supposed to raise $16 billion for health-care legislation, facing a chorus of criticism about the rules. (Wall Street Journal)

I thought he had better things to do.

Last thing: [2nd]Best job on the planet (1st?)