The Wudge Report: Snippets and Headlines from the Wall Street Journal

Benefits Run Out for Spain’s Jobless

Spanish unemployment benefits of $2,000 per month for workers with two children only last 24 months, compared to three to five years in some European countries.

Euro Zone Economic Data Point to Gloomy Year-End

0.2% is the lastest quarterly growth reported for the euro zone. Third quarter activity is expected to slow.

For Ordinary Greeeks, Bailout Adds Up to Years of Hardship

“Andreas Papandreou…the father of modern Greek socialism.”

“Ms. Visvardis says, ‘I’m not one to blame the troika”, referring to the committee of EU bailout inspectors widely seen here as the principal architects of austerity. ‘We’re to blame.'”

Mr. Papadopoulos says, “We’ll live poor but we’ll have our freedom and we’ll decide what to do.”

Comment: The Greeks are like the Boy Scout, who spent all of his $40 spending money on the first day of the trip, then pouted when he didn’t have any money later. Greeks spent their money! Now they are mad it’s gone. They borrowed money. Now they’re mad the lenders want it back.

Chinese Drop Tax After Riots

Photo caption: Armed paramilitary police patrol  a busy street of Zhili township, part of the city of Huzhou in China’s Zhejiang province on Friday.

“Workshop managers were being charged between $48 and $96 for each machine used.” Called the sewing-machine tax.

How Harrisburg Borrowed Itself Into Bankruptcy

Harrisburg, the capital of Pennsylvania, is drowning in debt. Projects of dubious value. The city even borrowed money to buy a money-losing minor league baseball team. It spent some $39 million on a National Civil War Museum that opened in 2001. It has struggled for years to attract crowds.

Notable and Quotable excerpts Michael Caine’s autobiography about communism, free love and redistribution. LOL.

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