Cool, exciting, motivating, remarkable, absorbing, curious, relevant, fascinating, challenging, pertinent, interesting, significant, engrossing, serious, stupid, and inane.

America Meets The Clash - 1980 Live

 

 

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Twenty Significant Things

Robert Schiller explains the obvious

"The problem for macroeconomics is that the types of causes mentioned for the current crisis are difficult to systematize. The mathematical models that macroeconomists have may resemble weather models in some respects, but their structural integrity is not guaranteed by anything like a solid, immutable theory."

The Complexity Era in Economics

"ABSTRACT: This article argues that the neoclassical era in economics has ended and is being replaced by a new era. What best characterizes the new era is its acceptance that the economy is complex, and thus that it might be called the complexity era. The complexity era has not arrived through a revolution. Instead, it has evolved out of the many strains of neoclassical work, along with work done by less orthodox mainstream and heterodox economists. It is only in its beginning stages. The article discusses the work that is forming the foundation of the complexity era, and how that work will likely change the way in which we understand economic phenomena and the economics profession"

Sultans of Swap: Explaining $605 Trillion of Derivatives!

"When asked why there are $605 Trillion derivatives outstanding (1) how do you articulate an answer to this horrendous and almost unimaginable number? The US is the largest economy in the world but tallies only 2.3% in comparison. Global bank reserves amount to only 1.2% of this accumulation. The gargantuan size appears to defy all logic."

For those who prefer pictures to long winded explanations

"I've said it before, and I'll say it again. If there's anything good that has come out of the financial crisis it's the slew of high-quality graphics to help us understand what's going on. Some visualizations attempt to explain it all while others focus on affected business. Others concentrate on how we, as citizens are affected. Some show those who are responsible. After you examine these 27 visualizations and infographics, no doubt you'll have a pretty good idea about what's going on."

Voices From The Net:

"The fact is that the wealth of our nation has gone to preserve the wealth of a few well connected elites who otherwise would likely be penniless and currently standing in the unemployment line with all the other schmucks who are out of a job. We have a welfare state alright every bit as insidious as the one created by the Johnson administration back in the 1960's. However, ours is turned upside down: "socialism for the rich and well connected.""

Recommended Site: Understanding Society

"This site addresses a series of topics in the philosophy of social science. What is involved in "understanding society"? The blog is an experiment in thinking, one idea at a time. Look at it as a web-based, dynamic monograph on the philosophy of social science and some foundational issues in the philosophy and methodology of social science."

Happiness Is ... Making More Money Than the Next Guy

"This concept of "doing better than the Joneses" is well established among children: A toy gets ditched as soon as a shinier toy in the hands of another child is spotted. But some researchers have often thought that when it comes to adults and money, things works differently, in that the more money one has, regardless of how it stacks up, the more resources can be acquired to generate happiness."

Voices From The Net:

" We all of us are born dying. We can sit back in our rocking chairs and wait to die of old age. Or we can "waste" our lives fighting to preserve and restore OUR country."

Dynamic Leadership: Drunk, high, and in Command

Been there, done that.

So Stupid it Hurts to Read: There is no class system in America

"As serious analysis, this bifocal vision of America has always left me cold. The American economy is too dynamic, the American people too optimistic, to talk so glibly about haves and have-nots as permanent classes, the way French aristocrats talked about the peasants. More than half the people in the poorest 20 percent pull themselves out of it within a decade. Moreover, it's all based on a kind of class envy that has never flourished in the U.S. the way it has elsewhere."

Voices From The Net:

"A huge skunk came out from under the deck and walked right in the middle of us. It didn't seem to mind us so we just kept talking, occasionally dropping a pice of hot dog. Then my urbanite son joined us. I casually said to him "Now Alex, whatever you do don't run. . ." He moved his plate, saw the skunk at his feet, screamed "HOLLY ****!" and turned to run.

He didn't get two steps before that skunk sprayed us point blank. Ever see a skunks sphincter up close when it sprays? I digress.

Martyrs throw themselves into the lion pit.

Survivors remain calm during a crisis.

At this moment especially we need people to be calm and think about what they do.

All it's going to take is for one person to do something stupid and we're all going to get sprayed."

London, 1927. Rare Colour Moving Pictures.

Mesmerizing. What a different world. Creepy.

 

 

Voices From The Net:

"So many want to have their cake and eat it too. They want Diversity, open borders, commonality. The world as one big happy family. Only they forget that in a family you have to share. Part of that sharing means those who have more end giving up something. In America's case, it was jobs. If you want to help American workers give them a decent job, not a forced handout at the expense of other Americans, most of whom had nothing to do with this sellout. Once again the Oligarchs have succeeded in turning fellow Americans against each other while they walk off with all the loot. "

More Food Banks Helping to Feed Pets

"Animal shelters around the country are being flooded with hungry pets, and to tackle the problem, charitable organizations are setting up pet food banks, with products offered within regular food pantries."

The Misinformed Tea Party Movement

"In short, no matter how one slices the data, the Tea Party crowd appears to believe that federal taxes are very considerably higher than they actually are, whether referring to total taxes as a share of GDP or in terms of the taxes paid by a typical family."

Recommended Site: Adam Smith's Lost Legacy

Blogger Gavin Kennedy has a problem with idiots who quote the great social philosopher Adam Smith out of context. Kennedy delights in tearing apart Nobel laureates that don't have a clue what they are yapping about. Good fun and educational.

HISTORIC MOMENT: Aug 15,1971. Richard Nixon Ends Bretton Woods

Removing America from the gold standard and floating Americas currency as fiat set the economic stage for the rest of history, culminating in the collapse of 2007 - ?

 

Honey, Don't Bother Mommy. I'm Too Busy Building My Brand.

"Whereas so-called mommy blogs were once little more than glorified electronic scrapbooks, a place to share the latest pictures of little Aidan and Ava with Great-Aunt Sylvia in Omaha, they have more recently evolved into a cultural force to be reckoned with. Embellished with professional graphics, pithy tag lines and labels like "PR Friendly," these blogs have become a burgeoning industry generating incomes ranging from $25 a month in what one blogger called "latte money" to, for a very elite few, six figures."

Spine Tingling. Flawless. Moving. Wonderful

 

Hand Picked Books From The Library Of

Aetius Romulous

(Collect the whole set!)

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