I wrote a month ago about the formation of a strange new entity called the M-LEC or “Super Conduit”. At that time the main forces behind this were Citibank, JP Morgan / Chas and Bank of America. Once again obscure, seldom mentioned work behind the scenes is having a profound effect upon all of us, […]
We’re in the process of trying out some new WordPress themes for the blog, so if things look a little jumbled or aren’t laying out quite right, that’s why. ..bruce..
Once again we are looking at a strange tidbit of information from a far away corner of the world, and how it can have a substantial impact on the US and world economy. From the Financial Times of London: Fukuda warns on rapid rise in yen The yen is appreciating “too fast” and speculators need […]
I’m not a veteran, though my co-blogger Bruce Henderson is. But my mother (the genealogist) sent me a list of veterans in our extended family. Here’s the list (with a few additions of my own) in rough reverse chronological order: Jon A. Webster, USMC (active) — currently at Camp Pendleton, awaiting deployment to Iraq [son] […]
Word today that investment company E-Trade is feeling the effects of toxic mortgage and credit portfolio. E-Trade has almost $500 Million exposure to mortgages and other credit investments, known as CDOs. From Market Watch: Shares of E-Trade Financial Corp. lost more than half their value Monday after the company said it faced more subprime-related write-downs […]
At the beginning of the month there was a story in Reuters about distribution problems for fuel in China: China fuel crisis spreads Diesel shortages in China’s political heart, which escaped previous supply crunches unscathed, highlight tensions between the government and its increasingly independent oil firms about who should pay for the country’s generous fuel […]
Europe has undergone significant changes in the past 20 years: The formation of the European Union (EU) as a political force, and the steady move towards a more secular progressive mind-set and society. For many Americans, the countries of Europe represent an ideal that we should strive for. Within the EU, there are really few […]
The Japanese have released video taken from lunar orbit using an HDTV camera. Unfortunately, it’s been released as a Flash movie, and the size is fairly limited (both probably due to bandwidth issues), so it’s not as spectacular as one would like (I personally want this in 720p Quicktime). And since the link was posted […]
Just today I’ve had some communications with Jerry Sheehan at the California Institute for Telecommunications and Information Technology (Calit2). During the San Diego fires, they were also providing information to the public via the web, working with NASA to generate and publish satellite imagery of the fires (click on the photo and scroll down to […]
2008 Election? Wake Me Next November
I cannot begin to express my dismay at the fact the 2008 presidential race started the day after the 2006 mid-term elections wrapped. Seriously, 2006 was stupid enough without being placed on the conveyor belt of nonsense that passes for news coverage, breathless with every aspect of this so-called “race”. One of the big draws […]
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