Related to the previous post on this site: An Abortion Party. I guess it's a sick variant of a baby shower?
Why does the US still have a bicameral legislature? Becker-Posner
Elegy found in a Seattle churchyard:
It seems to me that the hundreds of millions now addicted to "celebrity" are like those addicted to a heroin of the soul. Like heroin, "celebrity" must be taken in ever increasing doses to fill a hole in the user's soul. And just like heroin, "celebrity" doesn't fill anything but only increases the emptiness. Which, of course, only increases the need and requires an ever larger dose of the illusion; of the shrieking unquiet voices.
In my view, it's a misdirected striving for connection with God.
Is the economy headed for an iceberg? Debt and inflation.
England's new Green Cops. Good grief
Re oil prices: It Flabbergasts Me. Not me. It's politics.
Re cap and trade, at Q&O:
This is a massive attempt by government to take more control of the economy, based in shaky science at best, and as Anthony Watts claims, pure dogma. When warmers such as Paul Krugman are reduced to calling scientific skeptics “traitors to the planet”, you know they’ve essentially lost the argument and now have only emotional and populist rhetoric left to defend the indefensible.
Meanwhile, Al Gore says it's the war against the Nazis.
From IBD on the stimulus:
...there are only two possible conclusions: One, the stimulus has been the most inept public waste of money in history. Or two, it was a cynical attempt by the Democrats to vastly expand the scope of government during a time of crisis. Or maybe it's both.
Extend and Pretend, via SDA:
Bryan Marsal, CEO of Lehman Brothers Holdings (via Calculated Risk)
One of my partners said yesterday that we are going to call this phase the "extend and pretend" phase in our economy. Which is you extend someone's maturity - because they are going to default - and you pretend that business will come back or that leverage factor is going to come back.
Then we'll enter phase two, which he said is the request to extend or "amend".
Then "send". In other words send the keys.
That is the phases we are in right now. Everyone is trying to buy time, as opposed to dealing with the leverage, they are trying to buy time. Whether you are a banker or a company, they are all trying to buy time. I don't see the leverage coming back, and I don't see the consumption of good and services coming back.
Honduras in the WSJ: Why is the US not supporting the rule of law?
Musical beds and coed dorm rooms. How much studying would you get done?
