“Lobbyists have assured Threat Level that the House, which is mired in trying to broker an economic revival package, won’t take up the measure, at least not until after the November elections.”—'Orphan Works' Copyright Law Dies Quiet Death (Wired.com)…until November. Yeah, that sounds like ‘death’.
BOO! Representatives in tight races can’t put the economy over backing away from bad salesmanship, but they can screw over a large collection of groups saying this other act is crap laywmaking we can understand.
The lead story in this morning’s Wall Street Journal was “U.S. Seals Bailout Deal.” Former Treasury Secretary Larry Summers — no socialist, he — had a piece in this morning’s Washington Post (“A Bailout Is Just a Start”) that treated the legislation as a fait accompli. The lead editorial in the same paper was titled “The Deal is Done.” I’m pretty sure one of the Post’s headline writers is regretting his word choice.
It is rare that a consensus at one level — among policy analysts, journalists and professional economists — is so thoroughly bucked by the mechanisms of democracy. This is not to suggest that the professional consensus is entirely comfortable with the bailout, or that the bailout doesn’t impose real budgetary and moral hazards. But it is to suggest that the failure of the bailout is no great credit to democracy.
Welcome to the SharePoint site at: [withheld]. [Withheld] has granted you access to this site with the following permissions: Read.
What is a SharePoint site? A SharePoint site is a Web site that provides a central storage and collaboration space for documents, information, and ideas. A SharePoint site is a tool for collaboration, just like a telephone is a tool for communication, or a meeting is a tool for decision making. …
It leads with an esoteric permissions term, “Read” (without explanation) *then* goes into thoroughly condescending similes to describe not what you do with it but how it fits with its marketing terminology.
When are full-fledged humans going to work in the tech industry?
“The bill — at least as I understand it — does nothing for employment agreements that already exist and only seems to apply to new ones going forward, which seems like a loophole large enough to drive a semi through.”—footnoted.org: Missing in Action from Bailout bill…
I’m not a cat person, but Jacob’s place in our lives has always been much bigger than furballs on the laundry, the occasional half-eaten mouse at the door. Once, the cat was our only child, adopted off the streets, loved against our better judgement. Back when we were working food service, living in sin out of a series of truly awful apartments, Jacob was the first thing that made us bigger than just ourselves, and we doted on him as he grew, carrying him over our shoulder even as we moved and stretched, until we finally began knocking him down the hierarchy to make room for a dog, and, later, our two beautiful girls.
What I love about people who can openly adore covers is they often have a hidden eloquence for other usually-labeled-mundane topics, as well.
“The rebellion of House conservatives this past week was a reminder, however, that more traditional conservatism hasn’t gone away. Now its adherents are making Mr. Bush pay. As Mr. Tanner of Cato put it: “Bush was never a conservative. He’s the guy responsible for blowing up the movement.”—Whose Conservatism Is It? (NYT)
“I think I’m working out some of my own anger. I was very frustrated in college math classes, because they just wouldn’t tell you why this stuff was important. If you ever had Zeno’s dichotomy in a calc class and you saw the calc solution, you don’t walk away bathed in relief at the resolution to the paradox, because they strip all the interesting context away. [Zeno claimed that it’s impossible to walk across, say, a hotel room, because you would first have to walk halfway across, then halfway across the remaining quarter-length, etc., and there would always be some space left between you and the other side of the room.] If you’re just given “a over 1 minus r” in a math class, I’d say that’s semi-impoverished. OK, I can solve that, but I still don’t understand how I walked out of the room.”—Approaching infinity (Boston.com) This is exactly why I hated math as a child, except for one, single problem in introductory algebra where my tutor made up a problem that ended with a negative-space back-yard pool.
“In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy. “It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”—Bad News For The Bailout - Forbes.com
Not surprisingly, I’ve got a few friends that work at WaMu corporate downtown. I really feel pity for them. The fact that WaMu put itself into such a dangerous position was not the fault of the rank-and-file corporate employees, but they’ll be the ones to feel the brunt of this failure.
I’d like to be clear that I do not take any pleasure in knowing that 4,300 people in Seattle are likely to lose their jobs, or the effect that will have on Seattle’s economy.
I like Seattle Bubble because it puts real estate in the perspective of real things—local economics, numbers and financial strategy. Not the quaint ritual and market gamesmanship peddled by real estate agents, mine included.
The Palin pick was the most crassest, most bigoted decision that I’ve seen in national electoral politics, in my—admittedly short—lifetime. There can be no doubt that they picked Palin strictly as a stick to drum up the victimhood narrative—small town, hunters, big families and most importantly, women. Had Barack Obama picked Hillary Clinton, there simply is no way they would have picked Sarah Palin. To the McCain camp, Palin isn’t important as a politician, or even as a person. Her moose-hunting, her sprawling fam, her hockey momdom, her impending grandmother status are a symbol of some vague, possibly endangered American thing, one last chance to yell from the rafters “We wuz robbed.” Lineup all your instances of national politicians using white victimhood to get into offices—Willie Horton, White Hands, Sista Souljah, Reagan in Philadelphia etc.—they were all awful no doubt. But I have never seen a politician subject an alleged ally to something like this.
Few people I read have been as articulate and fast as Ta-Nehisi Coates during this remarkable week. Yet another post I meant to skim, but ended up reading in detail.
If you’re one of those rare entrepreneurs that has the discipline to stay reasonably focused on what you should be working on, feel free to skip the rest of this article with the comforting knowledge that you have my admiration and envy.
But, if you’re like most of us, you are probably plauged at one time or another by the “Shiny New Thing” (SNT) bug.
“You know why your grandparents don’t like Barack Obama? Because his name sounds scary, it sounds Muslim, which he’s obviously not. Yes. Barack Hussein Obama, it’s a super fucking shitty name. But you’d think that somebody named Manischewitz Guberman might understand that.”—Sarah Silverman for The Great Schlep, a call to all Jews to get out to Florida to convince Nana and Papa to vote for Obama. I’m just going to say it, even though I know I’ll regret this. Lox the Vote. There, now I hate myself. Like a good Jew. (via lonelysandwich)
Please accept my apologies for letting this site become neglected. I plan to post a bit of more orginal content here, but also refocus, in the short term on US elections. I realize this may not be welcome news for all of you, but I need an outlet. I feel it’s my duty as American to speak out about the candidates.
All this comes from a very strong gut feeling: I am terrified and outraged by the McCain/Palin campaign and I cannot sit on the sidelines and wish for change. I have never been so fearful about elected officials in my life and the nomination of Sarah Palin proves to me that we have a very serious problem. I must do everything I can to prevent them from leading this country.
So, this site will become my outlet for sharing my feelings and pertinent quotes from news stories for the next 40 days or so.
My goal is not to please you or make you happy over the next 40 days - it’s to share why I think McCain/Palin is a huge risk to the future of America.
“The top executives at AIG, Freddie Mac, Fannie Mae, Lehman and Goldman Sachs pulled down more than $2 billion in pay over the past five years according to a new analysis by a professor at San Diego State University’s Charles W. Lamden School of Accountancy, Dr. David DeBoskey.
Henry Paulson, who in his current role as Treasury Secretary is pushing for a bank bailout, accounts for $82 million of the total. That was his pay for three years (2003 to 2005) as CEO of Goldman Sachs. DeBoskey included the pay of 57 different individuals, pulling the data that companies report on their top 5 officials to the Securities & Exchange Commission, to get to the $2.1 billion total.
Now-bankrupt Lehman Brothers, the smallest of the five companies, was tops in pay. It doled out $743 million in compensation for all its top officers from 2003 through 2007. Next was Goldman Sachs with $726.5 million, then AIG at $336 million, Fannie Mae at $207.2 million and Freddie Mac at $90 million.”—$2 billion pay day for failure - BusinessWeek This is criminal, plain and simple.
"Will these efforts yield vibrant and sustainable communities…[?] How can plans ensure vitality for current residents, as well as for new ones? Will policy changes be bold, visionary, inclusive? And where will be the public and private investment to make these changes happen?"
The discussion will look at areas around light and regional rail, streetcar and express bus stations. The first, on Wednesday, is called: “Transit-oriented communities: envisioning Seattle’s potential.”
Future discussions are:
"Transportation: laying infrastructure for all modes," on Oct. 15;
"Placemaking: shaping a meaningful public realm," on Nov. 19;
"Community benefits: building a neighborhood for all," on Dec. 17;
"Environmental performance: maximizing sustainable development," on Jan. 21;
And “Implementation: financing station area investment,” on Feb. 18.