This Rolling Stone article has already made the rounds of the blogosphere but is definitely worth a read for those of you who want to understand how we got into this bailout mess. Warning: you will be outraged after reading this.
Another great explanation of the scenarios that caused the crisis can be found in a PBS This American Life show from May 2008 called The Giant Pool of Money.
Saturday, April 04, 2009
Friday, April 03, 2009
1 in 50 U.S. children face homelessness
Key quote: "As we bail out the rest of our nation, it is also time to come to their aid." Link.
Sunday, March 29, 2009
George Thorogood and the Destroyers setlist - House of Blues, Atlantic City - March 21, 2009
The usual overpriced drinks and some annoying drunks, but overall a good show. Setlist follows:
- House of Blue Lights
- Who Do You Love?
- The Fixer
- Night Time
- I Drink Alone
- One Bourbon, One Scotch, One Beer
- Born Lover
- Bad to the Bone
- Gear Jammer
- Move It On Over
- What a Price
- You Talk Too Much
- Treat Her Right
- Madison Blues
Monday, March 16, 2009
Wednesday, February 25, 2009
Wednesday, February 18, 2009
Prelude to the Road Warrior scenario
There's an interesting post over at boingboing entitled "How are you coping with collapse-anxiety?" We live in interesting times (like the old Chinese curse says) and it is an anxiety-ridden moment in history. How did we get here? Did the military-industrial complex spiral out of control, much too large for any one person, group, or country to manage? Or was it simply the bad policies of George Bush post-9/11, when he took an enormous amount of political momentum and used it to run the country into the ground, looting the treasury for his buddies on the way out the door?
Sorry if I sound cynical. Hopefully Mr. Obama can use his political momentum to take us in the other direction, but the critical mass of extremism in Washington looks to be a serious impediment to real progress.
Sorry if I sound cynical. Hopefully Mr. Obama can use his political momentum to take us in the other direction, but the critical mass of extremism in Washington looks to be a serious impediment to real progress.
Monday, February 16, 2009
Does Visual Studio rot the mind?
If you're not a programmer, stop reading now.
Everyone who's still with me, this article, while a little dated, is a fascinating read. The premise is how some tools dictate how you approach a problem (like the old adage "When all you have is a hammer, everything looks like a nail"). Taken a step further, if you learn to think a certain way because you've been using a certain tool for a long time, it can change your way of thinking so that you can't see other ways of tackling the problem. And that's dangerous.
Everyone who's still with me, this article, while a little dated, is a fascinating read. The premise is how some tools dictate how you approach a problem (like the old adage "When all you have is a hammer, everything looks like a nail"). Taken a step further, if you learn to think a certain way because you've been using a certain tool for a long time, it can change your way of thinking so that you can't see other ways of tackling the problem. And that's dangerous.
Tuesday, February 10, 2009
State of the Union
"The New Hampshire state legislature took an unbelievably bold step Monday by introducing a resolution to declare certain actions by the federal government ... totally void and warning that certain future acts will be viewed as a 'breach of peace' with the states themselves that risks 'nullifying the Constitution.'" link (via digg).
As for the latest bailout: Let the Wall St. "Talent" Walk.
As for the latest bailout: Let the Wall St. "Talent" Walk.
Wednesday, January 28, 2009
Evidently the universe may be a hologram
Evidently the universe may be a hologram. Huh. And I thought we were living in the Matrix (or is it the same thing)?
The myth of "clean coal"
The disingenuously-named American Coalition for Clean Coal Electricity spent $45 million last year touting "clean coal," while in just nine months, coal and energy companies spent $125 million lobbying against federal regulations promoting clean energy. Something doesn't pass the smell test. More....
Tuesday, January 27, 2009
Would big pharmaceutical companies choose profits over human lives?
A scientist believed he'd found a possible cure for Diabetes and asked pharmaceutical companies to sponsor clinical trials. From the article:
One example is Weissman’s mid-’90s research on type I diabetes, in which he demonstrated the ability to fully cure type I diabetes in mice using stem cells ... Weissman implied that the pharmaceutical companies had put profit over principle, preferring to keep diabetes sufferers dependent on costly insulin than to cure them once and for all.Via digg.
Saturday, January 24, 2009
Tuesday, January 20, 2009
Notes From the Chairman, in the High Life
Reading Bono's guest column for the New York times entitled Notes from the Chairman. Am struck by Bono's observation on listening to two versions of My Way: one, recorded when Sinatra was a younger man, full of bravado, the spit and vinegar of youth, "embodying all the machismo a man can muster about the mistakes he’s made on the way from here to everywhere." And then the version recorded when Sinatra was much older, now a song of defeat, and the duality this implies.
It made me remember Steve Winwood's Back in the High Life Again, a song brimming with optimism. A few years back, Warren Zevon did a cover of High Life on his Life'll Kill Ya album. Zevon turned this wildly optimistic song into a moving dirge by a defeated man. I'm still amazed that this song can go through these extremes, from optimism to defeat without changing a lyric. That's the brilliance of these artists, bringing that duality to the song.
It made me remember Steve Winwood's Back in the High Life Again, a song brimming with optimism. A few years back, Warren Zevon did a cover of High Life on his Life'll Kill Ya album. Zevon turned this wildly optimistic song into a moving dirge by a defeated man. I'm still amazed that this song can go through these extremes, from optimism to defeat without changing a lyric. That's the brilliance of these artists, bringing that duality to the song.
Thursday, January 15, 2009
Saturday, December 27, 2008
American Banking's Shameful Double Standard
Says it all. What is the recourse of the average taxpayer against blatant corruption and theft by government and the banking industry?
Monday, December 22, 2008
Banks won't disclose how they're spending bailout money
Here's my favorite quote:
Heine, the New York Mellon Corp. spokesman who said he wouldn't share spending specifics, added: "I just would prefer if you wouldn't say that we're not going to discuss those details."
Saturday, December 20, 2008
Drug firms block cheap medicine
As if we needed yet another reason to despise big business, drug companies use various legal (though maybe not ethical) measures to keep profits high by preventing the introduction of generics in Europe. At least the European Commission sounds like they're willing to go after them if they break the law in the process; in the U.S., we just shovel more money at them through Medicare Part D and call it progress.
Friday, December 19, 2008
Fed Refuses to Disclose Recipients of $2 Trillion
Think about that headline for a moment. Remember we're a government of the people, by the people, and for the people. Not for the rich. Not for the politicians. For the people. The Federal Reserve has no right to withhold how they gave away two trillion dollars. Outrage, anyone?
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