Wednesday, January 12, 2011

Tunisia Rioting EscalatesProtesting Surging Unemployment And Food Prices

Virtually every US media continues to ignore the situation in Algeria and now Tunisia, where rioting predicated by high unemployment (read massive economic slack) and surging cost of living (but, but, didn't you just say massive slack??? how the hell can cost of living be up if you have "massive" slack? that's unpossible - the San Fran Fed has said so repeatedly), especially food prices, has just escalated once again. According to RFI, Tunisian rioting has spread to the capital, following more protesters (killed by the Police), and where a curfew has just been imposed. "Weeks of unrest in Tunisia have spread to the capital, where the heaviest protests took place on Wednesday. Police opened fire on a demonstration in the central town of Douz, killing two, the AFP wire service reports." And, lo and behold: even in Tunisia politicians are accountable when surging prices lead to death: the Tunisian interior minister was sacked earlier in an attempt to placate the rioters. Alas, no such luck: "The sacking of the Tunisian interior minister and the deployment of troops has failed to bring calm to the capital Tunis which again erupted on Wednesday. Security forces fired tear gas on hundreds of demonstrators in the heaviest protests yet in the capital after weeks of demonstrations since December." What fools: do they not realize that Core CPI in the US is pretty much at the lowest it has ever been? They should all just disperse and eat 50% off LCD TVs post haste.

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