Plus ça change, plus c’est la meme chose: “I am often made aware of the utter uselessness and folly of seeking to vindicate my character…from the simple fact that although foul aspersions can be bruited far and wide, held to the fluttering breeze by every press and rolled as sweet under every tongue, yet while [...]
I know there are plenty of folks (somewhere) who think that throwing $700 Billion down a deep debt hole was going to fix things. Let me help you out. Consider the graph below from Credit Suisse What this shows is that the first rate resets for the Subprime loans has mostly passed. So people who [...]
So it seems that the biggest boondoggle of them all is in the pipeline to become law. Crooked high dollar investors are about to be forgiven of all they owe from bad debts, with the cost transfered to the common taxpayer. This is often referred to in economic circles as a “Moral Hazard“. Wikipedia puts [...]
Continue reading about The Big Game Disaster Scenario – When The Common Man Opts In
Not many marriages last 50 years, particulary not in Hollywood, and especially not when both parties are well-known actors. But Paul Newman and Joanne Woodward managed that on a very public stage, and the montage of clips below gives you an idea of the fire in the dance: Hat tip to American Digest. ..bruce w..
Sadly, there is no surprise that the current government is stalking it’s way towards the largest block grant to the wealthy ever. Word from the press that the congress has come up with a $700B plan to save the bank accounts of people who make more money in a day than many folks will see [...]
Continue reading about The Big Game – Congress Plays Let’s Make a Deal
Like Phil at Bad Astronomy, I’ve always been intrigued by Antarctica and have wanted to visit there. But this video clip gives a brief — but sufficient — glimpse into the cold, dark, windy hell that Antarctica can be: http://view.break.com/487339 – Watch more free videos Wowza. That looks like “ten steps and die” weather. ..bruce [...]
Continue reading about Oh, the weather outside is frightful…
I’m sure Paul Newman had his flaws — we all do — but for someone to be successful in at least three different endeavors — acting, racing, and raising $175 million for charity — and to always keep a normal-sized head (Newman refused to sign autographs, not out of ego but because signing autographs seemed [...]
When I first saw this graph in the sidebar of an article over at CNN Money, I kept looking for the United States and couldn’t find it. Then I looked a few inches above the rest of the countries. Ouch. Here’s what the article has to say: The dangers of leverage in a market where [...]
OK, I really don’t care about the political preferences of the people how made this — it’s just brilliantly done: And where’d they get the high-quality capture of The Dark Knight? Hat tip to 2008 Central. ..bruce w..
Continue reading about Video o’ the month (and maybe the year)
The following news item from the Long War Journal reads like the start of a Tom Clancy novel. It talks about an Iranian cargo ship hijacked by Somali pirates. And then the pirates start dying (emphasis mine): The MV Iran Deyanat was brought to Eyl, a sleepy fishing village in northeastern Somalia, and was secured [...]