Bob Morris @ Jul 2nd 2008 22:08 - Category: Unfiled ;
Polizeros is now hosted at Ziaspace.
The move went quickly and easily. Big thanks to “Unix Geek Extraordinaire” John Klos at Ziaspace and WordPress / Drupal wizard Jamie Holly of Intoxination for their help.
Bob Morris @ Jul 2nd 2008 21:38 - Category: Uncategorized ;
Gary Dvorchak at TheStreet.com says maybe so.
So far, the Fed has decided that allowing lenders to absorb all of the losses they created would wipe out our financial system, so by necessity, the losses are going to be borne by society at large.
The Fed is doing this by deliberately allowing inflation, “actions that return liquidity to the system but devalue the dollars in your pocket.”
Given the huge dollar amount of counterparty risk in the system should a major financial institution fail, then maybe the Fed has little choice. A serious collapse could trigger a domino effect worldwide.
What has changed lately is the number and volume of major financial figures who say we are on the brink of a potential cataclysm.
Bob Morris @ Jul 2nd 2008 16:37 - Category: Uncategorized ;
Bruce Sterling on the recent midwest floods.
In order to imagine food prices going down, you have to hypothesize weather problems receding and fuel prices lower. And if ending a war is supposed to patch that, you have to imagine that starvation and a climate crisis doesn’t cause other military emergencies elsewhere. Is that plausible?
Bob Morris @ Jul 2nd 2008 11:45 - Category: Uncategorized ;
Earth2Tech details the scenarios that $7 gas would create, which include stagflation, fewer cars on the road, and families spending more on gas than food. While this would eventually lead to less pollution and carbon in the air, the getting there would be bumpy indeed. New cleantech industries will thrive, others, but like anything related to gas-powered cars, will suffer.
Heh, a commenter who lives London is not sympathetic
$7 gallon. Wow…if only! The price at the pump here (London) is 118p per litre (cheese-eating surrender monkey measurement of volume). That equates to about $11 a gallon. So I am pretty sure you can avoid the Apocalypse with those prices if we can. You might just have to stop needlessly burning up large amounts of the earth’s fossil fuels just to carry around 6 empty seats and a dozen cupholders.
Well, pass the cheese, because I suspected this could happen in 2000 so I bought a Prius. It gets 45 mpg and Sue’s VW Beetle diesel gets 40 mpg. We live right next to a BART station in the SF Bay area and thus don’t need the cars nearly as much as when we lived in Connecticut and L.A. Would it be everyone could live near excellent mass transit.
Bob Morris @ Jul 2nd 2008 11:36 - Category: Uncategorized ;
Then why did the number of open contracts peak a year ago? A speculative binge should result in more contracts, not less.
Bob Morris @ Jul 2nd 2008 06:35 - Category: Uncategorized ;
If so, then why signal it in advance so many times? While I suppose the US could use Israel as a proxy for such an unprovoked attack, it would be disastrous both short-term and long-term. The price of oil would soar even more and it would create generations of new jihadis.
Are the neocons in the US and the hard right insane enough to want this? Yes. But they’ve been sabre-rattling so long and so loudly, something which certainly gives Iran time to prepare, that I’m guessing it’s just bluster. At least I hope so.
Bob Morris @ Jul 2nd 2008 01:45 - Category: Uncategorized ;
Oil made from cow fat works great in high performance engines. Who knew? Even better, when you mix with a special disposal substance, it biodegrades in just a few days and is totally safe and non-toxic, even if you dump it on soil.
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