Car-dependency also requires the nuclear family to become a primary transportation resource. Parents must shuttle their children to school, soccer practice, and even their friends’ houses until the children can shuttle themselves (at peril to their lives) in late adolescence.
ooking back 20 years, nothing much changed in the transportation landscape of the Puget Sound region. Yes, there was incremental change along the established trajectory (i.e. more cars and roads), but nothing transformational. The prospects for transformational change appear to be much greater in the coming 20 years. But that’s what they all say.
“Those kids graduate and pretty much continue to have the same dating woes — only now with fewer single people around who happen to live in the same building and share meals with them every day. So if they had challenges then, it gets about 1,000 times worse once they’re tossed from the warm womb of their alma mater.”—Why Being Smart Won’t Get You Laid Not the evening to read this. Not at all.
Sitting for one official portrait, for instance, Lincoln fought the tedium with a spontaneous performance of the opening soliloquy from “Richard III,” along with running commentary on how most actors he’d seen play the role had botched it.
I hope Ill Communication is re-issued, remastered. How about mandatory remastering of all Beasties samples, as one massive collection? I have a three-CD-file-full collection of *every* sample from “Paul’s Boutique”, as best as friends could compile. It’s epic. I’d take that for every Beasties album.
Some 25 years have passed since the publication of Paul Fussell’s naughty treat Class: A Guide Through the American Status System, and I think this quarter-century mark merits the raising of either a yachting pennant, an American flag, or a wind sock with the Budweiser logo (corresponding to Fussell’s demarcations of Upper Class, Middle Class, and Prole). For readers who somehow missed this snide, martini-dry American classic, do have your assistant Tessa run out and get it immediately (Upper), or at least be sure to worriedly skim this magazine summary over a low-fat bagel (Middle), because Fussell’s bibelot-rich tropes still resonate.
“Those -99.99…% figures can be a little deceiving so let me add some perspective. Velocity’s loss is the equivalent of dropping in half 17 times. It’s like a 10% loss every month for the decade. If would have turned $1 million into $7.”—CrossingWallStreet.com: The Worst Stock of the Decade
Top recipients of federal bailout money spent more than $10 million on political lobbying in the first three months of this year, including aggressive efforts aimed at blocking executive pay limits and tougher financial regulations, according to newly filed disclosure records.
The biggest spenders among major firms in the group included General Motors, which spent nearly $1 million a month on lobbying, and Citigroup and J.P. Morgan Chase, which together spent more than $2.5 million in their efforts to sway lawmakers and Obama administration officials on a wide range of financial issues. In all, major bailout recipients have spent more than $22 million on lobbying in the six months since the government began doling out rescue funds, Senate disclosure records show.
If you haven’t picked up on one of the dozens of recommendations from other blogs, I recommend reading Phillip Swagel’s long and detailed account of the view of the financial crisis from his seat as assistant secretary for economic policy at the Treasury Department. It’s particularly useful for people like me who make a habit of criticizing government officials.
Delaware is getting some competition from a seemingly unlikely place: North Dakota, which enacted what is widely considered to be a shareholder friendly law in 2007, called the North Dakota Publicly Traded Corporations Act. According to this article in the WSJ back in December, the new law makes it easier for shareholders to nominate their own slate of board members and vote on things like executive pay.
Just this past Friday, shareholders at Southwest Airlines (LUV) proposed reincorporating that company in North Dakota to take advantage of the new rules, according to Southwest’s proxy. Other companies being targeted include Exxon Mobil (XOM), Lowes (LOW), and Marsh & McLennan (MMC), Amgen (AMGN), Sempra Energy (SRE) and footnoted regular, Qwest Communications (Q). That’s in addition to the ones cited in the WSJ article: Oshkosh Corp. (OSK), Hain Celestial (HAIN), Whole Foods (WFMI), and PG&E (PCG). Longtime shareholder activist John Chevedden has either introduced the proposals directly, as he did at Southwest and two other companies, or is involved with other groups that have introduced the proposals at the companies this proxy season.
“Looking back, I suspect that if I had died, the accident might well have been judged deliberate, at least on the unconscious level. But I believe Crash is less a hymn to death than an attempt to buy off the executioner who waits for us all in a quiet garden nearby. Crash is set at a point where sex and death intersect, though the graph is difficult to read and is constantly recalibrating itself.”—How We Drive: J.G. Ballard, R.I.P. Interesting tribute to JG Ballard on Traffic’s blog. Nice tie-in.
Securitization is one innovation that helped overcome this problem and increased access to credit, and I think securitization on balance is a good thing. But it’s not in the same category as the iPod, or better floss, or better shoelaces, which are things that make people’s lives better directly. Securitization is something that increases access to credit, which may or may not be good, depending on the context.
This is when influence could potentially create a perfect storm. Great numbers of “lower level” influencers can of course create a movement, and when combined with even just a few “higher level” influencers who have access to communication platforms—a critical mass of awareness and influence can be reached. This is where Twitter finds itself at the moment. It has millions of “everyday people” who love it and evangelize on behalf of the service. It also has thousands of highly connected people doing the same. And it’s now entering a phase where hundreds of incredibly visible and internationally known personalities are joining the ranks.
A sign in Beal’s office reads: “Often wrong, but seldom in doubt.” His tenacity led him on a six-year seemingly quixotic quest suing his own regulator, the FDIC, over thousands of terrible subprime loans Beal bought after it seized a failed Pritzker-family-owned bank in 2001. Beal claimed the FDIC made loans to unqualified buyers that did not meet the representations the agency made to him. In December the FDIC settled by agreeing to cough up $90 million.
MINERSVILLE, Utah (AP) — A 10-megawatt geothermal plant in Utah’s west desert began delivering electricity Thursday to its sole customer, the city of Anaheim, Calif.
Raser Technologies Inc. of Provo says it fired up the plant about 15 miles west of Minersville in Beaver County, where the company drilled into a hot-water system a few thousand feet underground. The plant provides enough power for 7,000 homes.
Speaking of Taleb, he had a piece in the Financial Times the other day and went into full Napoleon Dynamite mode:
3. People who were driving a school bus blindfolded (and crashed it) should never be given a new bus. The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with the failure of the system. It is irresponsible and foolish to put our trust in the ability of such experts to get us out of this mess. Instead, find the smart people whose hands are clean.
This is precisely why I have a hard time taking Taleb seriously. Every time I read him, all I hear is the same thing:
Don: Hey, Napoleon, what’d you do all last summer again?
Napoleon: I told you! I spent it with my uncle in Alaska hunting wolverines!
Don: Did you shoot any?
Napoleon: Yes, like 50 of ‘em! They kept trying to attack my cousins. what the heck would you do in a situation like that?
Don: What kind of gun did you use?
Napoleon: A frickin’ 12-gauge, what do you think?
The astute reader will note that this is likely the first (of many?) direct analogies to be made between the financial/bailout crises and “Napoleon Dynamite”.