"While Dubai is not big enough to set off financial repercussions outside the Middle East, the main fear is that investors could flee risky markets all at once in search of safer havens for their money." -- The NYT, Vikas Bajaj and Graham Bowley, reporting. Apart from the stark self-contradiction in this quote from The New York Times, you have to love the fatuous 'it's all good' self-assurance where global banking is...
How infantile is American society? Last night's CBS "Business Update" (in the midst of its "60 Minutes" program) featured three items: 1.) The New Moon teen vampire movie led the weekend box-office receipts; 2.) Cadbury shares hit an all-time high; 3.) Michael Jackson's rhinestone-studded white glove sold at auction for $350,000. Some in-house CBS-News producer is responsible for this fucking nonsense. How does he or she keep her job? Is there no adult supervision at...
Every time I do a Q and A after a college lecture, somebody says (with a fanfare of indignation) - so as to reveal their own brilliance in contrast to my foolishness - "You haven't said anything about overpopulation!" Right. I usually don't bother. Their complaint, of course, implies that we would do something about overpopulation if only we would recognize it. Which is absurd. What might we do about overpopulation here in...
In The Long Emergency (2005, Atlantic Monthly Press), I said that we ought to expect the federal government to become increasingly impotent and ineffectual - that this would be a hallmark of the times. In fact, I said that any enterprise organized at the colossal scale would function poorly in years ahead, whether it was a government, a state university, a national chain retail company, or a giant midwestern farm. It is characteristic of...
A side-trip to the local mall - where else to buy ammo around here? - evinced an epic struggle for supremacy of the chain stores between the Great Pumpkin and Santa Claus, with both fat-assed icons trying to shove the other out of the primary display sites as if the store aisle were a WWF ring in some grubby forsaken Palookaville far far from the salons of Washington decision-making, which, I guess,...
