Archive for October, 2008
The best documentary I’ve ever watched
Everyone in America needs to watch this report and think about it.
PBS put together a program outlining the connection between energy prices, transportation systems, the mortgage crisis (which has created the financial meltdown), and US History.
It’s fantastic, and you owe it to yourself to watch.
The key feature, the absolute home run they hit, is showcasing [...]
Suburban Swing
From CNN today: Suburb’s Pain Could Swing Election
I couldn’t agree more. This is the most critical issue that nobody is talking about.
Highlights from the article:
The plunge in the housing and financial markets, and the spiking of energy prices, have assured that the economy will be the top issue among rich and poor alike.
And the pain [...]
McGowen Green
So, over the years there has been a lot of discussion about what to do with the “superblock” at McGowen and Main. Lots of people have wanted to see a major mixed-use development go in there, and I think that would be an acceptable use of the land.
However, as we’ve recently seen with Discovery Green [...]
Ithacan Podcars
Update: According to commenters, Ithaca is not actually anywhere close to building this system. The concept remains interesting, nonetheless.
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Good read on CNN today…
Ithica NY is planning to build a system of “podcars” to whisk people about the town and the two campuses surrounding it (Cornell, Ithaca College). The concept is called [...]
Two original thoughts
As the title says, I have two original thoughts on this. One will come as no surprise to people who read this blog, the other, I think is new.
#1: Banks and the Housing Bubble…
So, the biggest problem underlying everything else right now is the bursting housing bubble. We’ve got way too much housing built in [...]
From Yahoo Finance:
Courtesy Ben Stein: 12 Ways to Ruin the US Economy
1) Have a fiscal policy that creates immense deficits in good times and bad, burdening America’s posterity with staggering burdens of repaying the debt.
2) Eliminate regulation of Wall Street and/or fail to enforce the regulations that already exist, instead trusting Wall Street and other money managers [...]
Not everyone should own a home.
From The Wall Street Journal, the best read I’ve had in a long while…
Maybe only a friendly foreigner could say this. But America needs to realize that not everyone can own a home. The American Dream of home ownership for all is a fraud. Politicians who pimped this dream created an unsustainable mortgage industry whose [...]
At least we’re taking them all down with us…
Headlines:
World stock markets tumble
Europe works to contain crisis
Stocks suffer blowout as global crisis persists
Global stocks in Monday mess
Stocks worldwide fall as crisis fears widen
Seems like passing the bailout didn’t soothe any nerves.
The keyword I keep hearing over and over again is fear. Fear, fear, fear. Everyone is afraid. What was it FDR said? “The only [...]
The end of arrogance?
Fascinating article from Germany, it’s a long read, but the outlook echoes what’s happening on the street.
The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is coming to an end and US military might is ebbing.
We’re drifting towards an [...]
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