Does anyone talking about this "bad bank" realize that we already have one? It's the Federal Reserve, and it has already taken on trillions of dollars of worthless paper from banks. If you really think the bad bank is the way to solve the crisis, then just let the Fed keep doing what they're doing.
Monthly Archive for January, 2009Page 3 of 8
Does anyone talking about this "bad bank" realize that we already have one? It's the Federal Reserve, and it has already taken on trillions of dollars of worthless paper from banks. If you really think the bad bank is the way to solve the crisis, then just let the Fed keep doing what they're doing.
Does anyone talking about this "bad bank" realize that we already have one? It's the Federal Reserve, and it has already taken on trillions of dollars of worthless paper from banks. If you really think the bad bank is the way to solve the crisis, then just let the Fed keep doing what they're doing.
Scientists Find a Missing Link | Popular Science: "Paleontologists have excavated a plethora of feathered dinosaurs in China over the past few years, but none of those dinosaurs had feathers like this. Scientists examining a news specimen of the dinosaur Beipiaosaurus have found imprints of a proto-feather that looks like the missing link between primitive downy feathers and the modern feathers seen on birds."
Suck it, young-earth creationists! Where's your god now?? Oh, you'll probably invent some other gap for him to hide in, right?
Scientists Find a Missing Link | Popular Science: "Paleontologists have excavated a plethora of feathered dinosaurs in China over the past few years, but none of those dinosaurs had feathers like this. Scientists examining a news specimen of the dinosaur Beipiaosaurus have found imprints of a proto-feather that looks like the missing link between primitive downy feathers and the modern feathers seen on birds."
Suck it, young-earth creationists! Where's your god now?? Oh, you'll probably invent some other gap for him to hide in, right?
“As the Americans learned so painfully in Earth’s final century, free flow of information is the only safeguard against tyranny. The once-chained people whose leaders at last lose their grip on information flow will soon burst with freedom and vitality, but the free nation gradually constricting its grip on public discourse has begun its rapid slide into despotism. Beware of he who would deny you access to information, for in his heart he dreams himself your master.”
– Commissioner Pravin Lal, Sid Meier’s Alpha Centauri, video game from 1999
“This administration stands on the side not of those who seek to withhold information but with those who seek it to be known. The mere fact that you have the legal power to keep something secret does not mean you should always use it. Transparency and the rule of law will be the touchstones of this presidency.”
– President Barack Obama, January 21, 2009, as he overturned Bush’s order restricting access to White House records
Yes! Yes! YES!!
Copyright © 2012 Way of the Mind
Did you stop blogging? I miss your posts.
Short answer? No. Long answer. I have too much else going on to put blogging on any priority list. I know there are some rumors and innuendo going around that might deserve responses, but I don't have the time, nor the inclination. Information is on a need to know basis temporarily. I have four amazing, beautiful kids who have always come first and that won't be changing any time soon. I know most of you understand.
What did you think of Obama's speech?
I assume you mean the inauguration? I don't know. It was pretty typical. I'm excited about change for the country. I'm normally not a change for change's sake person but this change of power feels right. It's time for new ideas and strategies. It's time to regroup on policy and I think Obama will institute that reflection. I think he'll change what needs changing while respecting the things that are working.
Did any of your kids bite? What did you do because I'm out of ideas?
Every kid but P1 went through a biting phase. My response depended on the kid with the chomping habit. I think you have to really ask "why?" they're biting and work from there. Is it frustration? Is it pain from teething? Is it anger? Is it to cause pain to the bite'ee? Is the kid bored or do they want attention? Send me a private e-mail explaining the situation or comment here. I can't promise a speedy response but I'll look for it. Mostly just know that biting is common in preschoolers/toddlers. You don't see many ten year old kids who make a habit of biting so I promise you can handle this.
Where do you get your art supplies? You told me before and I can't find the link. Is it tempera that kids use for painting?
www.discountschoolsupplies.com is a good place for kids stuff. If you can't find it there, try Classrooms Direct. Tempera is for every day painting, on cheap paper. If you want to paint on plastic/clay/wood, I suggest acrylics at Michael's Crafts. Watercolor is another cheap alternative and easy to clean up, but it only works on non-glossy, woven paper. It runs on newsprint. E-mail me.
Where do you find baby corn?
In a can at the market. Try the canned veggie section.
Did you stop blogging? I miss your posts.
Short answer? No. Long answer. I have too much else going on to put blogging on any priority list. I know there are some rumors and innuendo going around that might deserve responses, but I don't have the time, nor the inclination. Information is on a need to know basis temporarily. I have four amazing, beautiful kids who have always come first and that won't be changing any time soon. I know most of you understand.
What did you think of Obama's speech?
I assume you mean the inauguration? I don't know. It was pretty typical. I'm excited about change for the country. I'm normally not a change for change's sake person but this change of power feels right. It's time for new ideas and strategies. It's time to regroup on policy and I think Obama will institute that reflection. I think he'll change what needs changing while respecting the things that are working.
Did any of your kids bite? What did you do because I'm out of ideas?
Every kid but P1 went through a biting phase. My response depended on the kid with the chomping habit. I think you have to really ask "why?" they're biting and work from there. Is it frustration? Is it pain from teething? Is it anger? Is it to cause pain to the bite'ee? Is the kid bored or do they want attention? Send me a private e-mail explaining the situation or comment here. I can't promise a speedy response but I'll look for it. Mostly just know that biting is common in preschoolers/toddlers. You don't see many ten year old kids who make a habit of biting so I promise you can handle this.
Where do you get your art supplies? You told me before and I can't find the link. Is it tempera that kids use for painting?
www.discountschoolsupplies.com is a good place for kids stuff. If you can't find it there, try Classrooms Direct. Tempera is for every day painting, on cheap paper. If you want to paint on plastic/clay/wood, I suggest acrylics at Michael's Crafts. Watercolor is another cheap alternative and easy to clean up, but it only works on non-glossy, woven paper. It runs on newsprint. E-mail me.
Where do you find baby corn?
In a can at the market. Try the canned veggie section.
Obama vows new 'era of openness', freezes pay of top staff: "President Barack Obama Wednesday vowed to forge a new era of government openness and froze the pay of top staff earning more than 100,000 dollars to show Americans their leaders could also tighten their belts amid economic crisis."
Boy, I sure hope those top staffers will be OK if they don't get any more raises! I mean, to be limited to your $100,000+ salary must be pretty painful! Millionaire Barack Obama shows he really knows how to tighten the belt, by freezing the salaries of his (millionaire) staffers, including Rahm Emanuel (estimated net worth of between $5,023,020 and $13,171,000 in 2007). Most progressive bloggers are praising the move, saying that it shows Obama empathizes with ordinary Americans' struggles. But he's not actually reducing anyone's salary, so I don't see how it's proof that the White House has a new commitment to "do more with less". Maybe it's along the lines of congressional spending, which when you hear about "slashing spending" really means "reducing the rate at which spending is increasing".
I think Obama's doing some good things here, especially if his commitment to "openness" holds. I'm all for restraining lobbyist influence, but color me skeptical that the tens of thousands of lobbyists in Washington are suddenly going to be unemployed.
Obama vows new 'era of openness', freezes pay of top staff: "President Barack Obama Wednesday vowed to forge a new era of government openness and froze the pay of top staff earning more than 100,000 dollars to show Americans their leaders could also tighten their belts amid economic crisis."
Boy, I sure hope those top staffers will be OK if they don't get any more raises! I mean, to be limited to your $100,000+ salary must be pretty painful! Millionaire Barack Obama shows he really knows how to tighten the belt, by freezing the salaries of his (millionaire) staffers, including Rahm Emanuel (estimated net worth of between $5,023,020 and $13,171,000 in 2007). Most progressive bloggers are praising the move, saying that it shows Obama empathizes with ordinary Americans' struggles. But he's not actually reducing anyone's salary, so I don't see how it's proof that the White House has a new commitment to "do more with less". Maybe it's along the lines of congressional spending, which when you hear about "slashing spending" really means "reducing the rate at which spending is increasing".
I think Obama's doing some good things here, especially if his commitment to "openness" holds. I'm all for restraining lobbyist influence, but color me skeptical that the tens of thousands of lobbyists in Washington are suddenly going to be unemployed.
As I noted here December 23rd, riots and violent protests were disrupting Iceland, a country not known for these types of actions. Admittedly, the economic situation there is much worse (currently) than in the United States, but perhaps not for long. The Icelandic current account deficit is currently 22% of GDP, vs. 7% for US; the Icelandic GDP is forecast to decline by 9.6% for 2009- a number nobody is contemplating for the US. Inflation in Iceland is rampant, while deflation has taken hold in America.However, there are several parallels worth noting. Iceland is forecasting a rise in the unemployment rate to 7.8% in 2009 (a number the US would be lucky to maintain in the face of steeply mounting layoffs and business closures). Iceland's currency has lost more than half its value, which is certainly not unforeseeable in the future for the US. But more than just the numbers, the story certainly sounds familiar to those of us in the United States. From The Guardian:
The fault is clearly shared between the business elite and the government, which failed to regulate the newly privatised financial sector, allowing a few incompetent and egotistical business tycoons to gamble with the nation's fortune. And yet neither the government nor the bankers – who, by the way, seem to have disappeared into the cold thin air – see anything wrong with their own behaviour.Sound familiar? Do you hear anyone in American politics or banking accepting responsibility?The governor of the central bank blames the risk-seeking bankers, the bankers blame the government and the prime minister attributes the whole crisis to the international credit crunch. This lack of any sense of responsibility has angered the Icelandic public to the extent that they have turned to the streets in greater numbers than ever before.
From the Huffington Post:
Once again, I sincerely hope that I am wrong about the direction we are headed. However, the way I see it, he stimulus package cannot stand up to the kind of fiscal devastation that has been unleashed around the planet, nor can the TARP (or TARP 2.0, 3.0, etc... which are surely going to be coming). Please consider what could happen here if the results that people expect from the incoming administration fail to live up to the expectations engendered by the utterly non-specific rhetoric of "hope", and "change", and "yes, we can". What happens if we simply cannot? Once more, from The Guardian:Thomas Jefferson wrote in the American Declaration of Independence that "Governments are instituted among Men, deriving their just powers from the consent of the governed [and] whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government." As the protesters fight to enforce that right, in this county that has known no war for generations, that has not seen violent conflict among its citizens for centuries, we must ponder what could be.
Today, as the United States makes a fundamental shift in direction, Iceland is tearing itself apart. The peaceful transition of power we watched in Washington following a fiercely contested election is a symbol of hope to us. The competent confidence and inspiring rhetoric of Barack Obama have rallied the vast majority of Americans behind him to face the myriad challenges all around us. The arrogance and obliviousness of Iceland's ruling elite has had the opposite effect.
It is the first time in Icelandic history that a young anarchist can well expect to meet his grandmother in the crowd demonstrating against the government and drumming with her kitchen knife on pots and pans. The government is surely hanging by a thin thread and might fall at any moment.
The Icelandic public fear that their country has virtually been stolen by the globetrotting business elite that spent more time rubbing shoulders with international high society than giving back to the society that enabled them to enjoy this privileged lifestyle. Now ordinary Icelanders are determined to take their country back.
As I noted here December 23rd, riots and violent protests were disrupting Iceland, a country not known for these types of actions. Admittedly, the economic situation there is much worse (currently) than in the United States, but perhaps not for long. The Icelandic current account deficit is currently 22% of GDP, vs. 7% for US; the Icelandic GDP is forecast to decline by 9.6% for 2009- a number nobody is contemplating for the US. Inflation in Iceland is rampant, while deflation has taken hold in America.However, there are several parallels worth noting. Iceland is forecasting a rise in the unemployment rate to 7.8% in 2009 (a number the US would be lucky to maintain in the face of steeply mounting layoffs and business closures). Iceland's currency has lost more than half its value, which is certainly not unforeseeable in the future for the US. But more than just the numbers, the story certainly sounds familiar to those of us in the United States. From The Guardian:
The fault is clearly shared between the business elite and the government, which failed to regulate the newly privatised financial sector, allowing a few incompetent and egotistical business tycoons to gamble with the nation's fortune. And yet neither the government nor the bankers – who, by the way, seem to have disappeared into the cold thin air – see anything wrong with their own behaviour.Sound familiar? Do you hear anyone in American politics or banking accepting responsibility?The governor of the central bank blames the risk-seeking bankers, the bankers blame the government and the prime minister attributes the whole crisis to the international credit crunch. This lack of any sense of responsibility has angered the Icelandic public to the extent that they have turned to the streets in greater numbers than ever before.
From the Huffington Post:
Once again, I sincerely hope that I am wrong about the direction we are headed. However, the way I see it, he stimulus package cannot stand up to the kind of fiscal devastation that has been unleashed around the planet, nor can the TARP (or TARP 2.0, 3.0, etc... which are surely going to be coming). Please consider what could happen here if the results that people expect from the incoming administration fail to live up to the expectations engendered by the utterly non-specific rhetoric of "hope", and "change", and "yes, we can". What happens if we simply cannot? Once more, from The Guardian:Thomas Jefferson wrote in the American Declaration of Independence that "Governments are instituted among Men, deriving their just powers from the consent of the governed [and] whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government." As the protesters fight to enforce that right, in this county that has known no war for generations, that has not seen violent conflict among its citizens for centuries, we must ponder what could be.
Today, as the United States makes a fundamental shift in direction, Iceland is tearing itself apart. The peaceful transition of power we watched in Washington following a fiercely contested election is a symbol of hope to us. The competent confidence and inspiring rhetoric of Barack Obama have rallied the vast majority of Americans behind him to face the myriad challenges all around us. The arrogance and obliviousness of Iceland's ruling elite has had the opposite effect.
It is the first time in Icelandic history that a young anarchist can well expect to meet his grandmother in the crowd demonstrating against the government and drumming with her kitchen knife on pots and pans. The government is surely hanging by a thin thread and might fall at any moment.
The Icelandic public fear that their country has virtually been stolen by the globetrotting business elite that spent more time rubbing shoulders with international high society than giving back to the society that enabled them to enjoy this privileged lifestyle. Now ordinary Icelanders are determined to take their country back.
I'm sure many of you have thoughts on this! Please read the article and leave your comments!
I'm sure many of you have thoughts on this! Please read the article and leave your comments!
As if that wasn’t enough, he said what I believe will be the most often quoted bit in Planet Atheism for the next couple of days:
"We are a nation of Christians and Muslims, Jews and Hindus… and non-believers."
Hell yeah!
Just a couple of years after Bush Sr.’s “atheists can’t be considered citizens or patriots” quote. The tide is turning…
Copyright © 2012 Way of the Mind
I stole the graphic from Nostate.com, a page run by an anarchist that has just renounced his American citizenship. Kudos to him! As a commenter there pointed out, perhaps "Stooge" isn't exactly the right word, given how complicit Obama is in being the ruling class, so make up your own mind.As an atheist, I don't see why prayer has to be part of a government function at all, but as prayers go, this one is decent. I like a lot of the sentiments there, but asking an invisible skydaddy to give you tolerance, compassion, etc... tends to absolve one of the responsibility to research those things on your own.
You may have heard the controversy over the bigot Rick Warren being invited to give the invocation. Subsequently, Gene Robinson was invited to give a prayer to open the whole inaugural event, and here's what he prayed:
O God of our many understandings, we pray that you will…
Bless us with tears – for a world in which over a billion people exist on less than a dollar a day, where young women from many lands are beaten and raped for wanting an education, and thousands die daily from malnutrition, malaria, and AIDS.
Bless us with anger – at discrimination, at home and abroad, against refugees and immigrants, women, people of color, gay, lesbian, bisexual and transgender people.
Bless us with discomfort – at the easy, simplistic “answers” we’ve preferred to hear from our politicians, instead of the truth, about ourselves and the world, which we need to face if we are going to rise to the challenges of the future.
Bless us with patience – and the knowledge that none of what ails us will be “fixed” anytime soon, and the understanding that our new president is a human being, not a messiah.
Bless us with humility – open to understanding that our own needs must always be balanced with those of the world.
Bless us with freedom from mere tolerance – replacing it with a genuine respect and warm embrace of our differences, and an understanding that in our diversity, we are stronger.
Bless us with compassion and generosity – remembering that every religion’s God judges us by the way we care for the most vulnerable in the human community, whether across town or across the world.
And God, we give you thanks for your child Barack, as he assumes the office of President of the United States.
Give him wisdom beyond his years, and inspire him with Lincoln’s reconciling leadership style, President Kennedy’s ability to enlist our best efforts, and Dr. King’s dream of a nation for ALL the people.
Give him a quiet heart, for our Ship of State needs a steady, calm captain in these times.
Give him stirring words, for we will need to be inspired and motivated to make the personal and common sacrifices necessary to facing the challenges ahead.
Make him color-blind, reminding him of his own words that under his leadership, there will be neither red nor blue states, but the United States.
Help him remember his own oppression as a minority, drawing on that experience of discrimination, that he might seek to change the lives of those who are still its victims.
Give him the strength to find family time and privacy, and help him remember that even though he is president, a father only gets one shot at his daughters’ childhoods.
And please, God, keep him safe. We know we ask too much of our presidents, and we’re asking FAR too much of this one. We know the risk he and his wife are taking for all of us, and we implore you, O good and great God, to keep him safe. Hold him in the palm of your hand – that he might do the work we have called him to do, that he might find joy in this impossible calling, and that in the end, he might lead us as a nation to a place of integrity, prosperity and peace.
AMEN.
I stole the graphic from Nostate.com, a page run by an anarchist that has just renounced his American citizenship. Kudos to him! As a commenter there pointed out, perhaps "Stooge" isn't exactly the right word, given how complicit Obama is in being the ruling class, so make up your own mind.As an atheist, I don't see why prayer has to be part of a government function at all, but as prayers go, this one is decent. I like a lot of the sentiments there, but asking an invisible skydaddy to give you tolerance, compassion, etc... tends to absolve one of the responsibility to research those things on your own.
You may have heard the controversy over the bigot Rick Warren being invited to give the invocation. Subsequently, Gene Robinson was invited to give a prayer to open the whole inaugural event, and here's what he prayed:
O God of our many understandings, we pray that you will…
Bless us with tears – for a world in which over a billion people exist on less than a dollar a day, where young women from many lands are beaten and raped for wanting an education, and thousands die daily from malnutrition, malaria, and AIDS.
Bless us with anger – at discrimination, at home and abroad, against refugees and immigrants, women, people of color, gay, lesbian, bisexual and transgender people.
Bless us with discomfort – at the easy, simplistic “answers” we’ve preferred to hear from our politicians, instead of the truth, about ourselves and the world, which we need to face if we are going to rise to the challenges of the future.
Bless us with patience – and the knowledge that none of what ails us will be “fixed” anytime soon, and the understanding that our new president is a human being, not a messiah.
Bless us with humility – open to understanding that our own needs must always be balanced with those of the world.
Bless us with freedom from mere tolerance – replacing it with a genuine respect and warm embrace of our differences, and an understanding that in our diversity, we are stronger.
Bless us with compassion and generosity – remembering that every religion’s God judges us by the way we care for the most vulnerable in the human community, whether across town or across the world.
And God, we give you thanks for your child Barack, as he assumes the office of President of the United States.
Give him wisdom beyond his years, and inspire him with Lincoln’s reconciling leadership style, President Kennedy’s ability to enlist our best efforts, and Dr. King’s dream of a nation for ALL the people.
Give him a quiet heart, for our Ship of State needs a steady, calm captain in these times.
Give him stirring words, for we will need to be inspired and motivated to make the personal and common sacrifices necessary to facing the challenges ahead.
Make him color-blind, reminding him of his own words that under his leadership, there will be neither red nor blue states, but the United States.
Help him remember his own oppression as a minority, drawing on that experience of discrimination, that he might seek to change the lives of those who are still its victims.
Give him the strength to find family time and privacy, and help him remember that even though he is president, a father only gets one shot at his daughters’ childhoods.
And please, God, keep him safe. We know we ask too much of our presidents, and we’re asking FAR too much of this one. We know the risk he and his wife are taking for all of us, and we implore you, O good and great God, to keep him safe. Hold him in the palm of your hand – that he might do the work we have called him to do, that he might find joy in this impossible calling, and that in the end, he might lead us as a nation to a place of integrity, prosperity and peace.
AMEN.

“As the Americans learned so painfully in Earth’s final century, free flow of information is the only safeguard against tyranny. The once-chained people whose leaders at last lose their grip on information flow will soon burst with freedom and vitality, but the free nation gradually constricting its grip on public discourse has begun its rapid slide into despotism. Beware of he who would deny you access to information, for in his heart he dreams himself your master.”
“This administration stands on the side not of those who seek to withhold information but with those who seek it to be known. The mere fact that you have the legal power to keep something secret does not mean you should always use it. Transparency and the rule of law will be the touchstones of this presidency.”
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