This morning’s words of wisdom from Bloomberg: “To rebuild economic health in the United States, you need a serious recession that will last several years,” he said. “The patient that got drunk on credit growth needs to go into rehabilitation. To give him more alcohol, the way the Fed and the Treasury propose to do, [...]
…when Saturday Night Live shows more political balance (and, frankly, pays more attention to what Biden and Murtha are saying) than most of the mainstream media: Hat tip to Ace of Spades. ..bruce w..
You know we’re fighting 21st Century wars when my main contact with my Marine son is via Facebook. Here’s the latest from Jon (LCPL Webster), over in Rutbah, Iraq: Pops- Glad you n mom are doing okay.. And yea, I’m stoked for Wes and Maddie. Wish I could’ve been there, but oh well.. I’ll have [...]
Every now and then, I see a news story that reminds me uncomfortably of some fiction I’ve read. Here’s one such story: Buried Antarctic Mountain Range Shouldn’t Exist at All An Antarctic mountain range that rivals the Alps in elevation will be probed this month by an expedition of scientists using airborne radar and other [...]
It seems that Volvo, a premier maker of heavy over the road trucks for the EU and US markets has begun to see the impacts of the contracting economy. Their orders decline to just 115 trucks ordered for the 3rd quarter of 2008, compared to 41,970 trucks for the same quarter 2007. From Bloomberg: Oct. [...]
Direct from the wise mind of Anna Schwartz courtesy of the Wall Street Journal: This (the crisis) is not due to a lack of money available to lend, Ms. Schwartz says, but to a lack of faith in the ability of borrowers to repay their debts. “The Fed,” she argues, “has gone about as if [...]
This little cartoon over at XKCD shows the danger of antagonizing those with vast data resources at their command:
If anyone doubted the increasing influence of multiplayer online role playing games, look no further. It seems that in the online world “Maple Story” It seems that this far east focused role playing game is like your average world, and one couple decided to have their online characters marry. Where the story gets unusual is [...]
Continue reading about Japan – Virtual World Divorce Leads To Virtual Murder
A photo of me at the 2006 OSG Christmas Party in a kilt I have my good friend Sean Church to thank for this nugget of internet insanity. It seems that according to someone with the surname of “Stewart” has declared that wearing a kilt is a sin, and proceeds to cite biblical reference to [...]
Daily Financial Moment Of Clarity
Again from the wise mind of Anna Schwartz courtesy of the Wall Street Journal: It takes real guts to let a large, powerful institution go down. But the alternative — the current credit freeze — is worse
Continue reading about Daily Financial Moment Of Clarity