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1-877-362-2803 is a Scam. Is Acxiom Corporation-Delivery.Net a Criminal Enterprise? Top
On Sunday afternoon, I received the following alert: "sms bank ing@t-mobile.delivery.net: Message from [Name of my bank ]. Not a sales message. Call us at 1-877-363-2803 immediately about your recent account activity. Thank you."  I was startled, but knew not to call. I have never signed on for mobile bank ing. How would they have obtained my phone number?  Instead, I Googled the phone number. There were no hits for that number - and certainly no permutation of that phone number was associated with my bank .  I then thought about the nature of the ISP. t-mobile.com is a subdomain of delivery.net. I thus Googled "delivery.net." It's a spam website, owned by the Acxiom Corporation. (Acxiom Corporation 601 E. 3rd St. Little Rock, AR 72201 US.) UPDATE : I Googled the text of the message, omitting my bank . I found this: I just got sms bank ing@t-mobile.delivery.net / Message from First Hawaiian bank . Not a sales message. Call us at 1-877-362-2803 immediately about recent account activity. Thank you." My bank is not  First Hawaiian, and thus this text message is certainly a scam.  Still, questions remain. Is T-Mobile committing fraud?  Is Acxiom Corporation a criminal enterprise?   All of these corporations will no doubt claim to have been hacked.  Victims.  I am suspicious.  Perhaps T-Mobile or Acxiom Corporation sold my personal information?  Why can't they build infrastructure to prevent fraud?  Will the Department of Justice investigate?  When Goldman Sachs calls, DOJ answers the phone.  They arrest innocent people in under 48 hours.  Will DOJ protect the average American from fraud?  Or is fake-fraud against Goldman Sachs a higher priority than real fraud against average Americans? Source
 
DZMM live streaming Top
First and foremost, I am still in the office, unbathed for two days in my clothes I had worn Friday night and quite hungry since I don't have much money left (pamasahe lang). But I am very grateful that despite my situation, I am safe and so are my family. I am still luckier compared to many people, many of them are acquaintances and friends. I still have no news with many of them, since I know they are conserving their load and cellphone power for more dire purposes. I can only pray that they are all right. Hopefully, the weather would allow me to finally make it home today. I had been constantly on PLURK and Facebook for the past two days, both happy and worried to see people updating us about their status. A co-worker helped me to find AM news through DZMM Live Streaming . greyrook_22 also kept tabs of many up_ame people through her EPIC Ondoy post and Bry Bibat make AME Roll Call wiki to update worried friends, especially those who were affected by the floods. Thanks to sooooo many people that kept me updated on what's happening, especially Chelli and Chenn who live a couple blocks away from my house. Though I live in Marikina, we were not flooded (thank God!) but the way I can reach home were horribly so. There are also no communication with phone lines due to massive flooding (even in my area, some parts were also flooded) so I couldn't reach our house. I felt utterly helpless because I so wanted to go home and I don't even know where my family was-- my sister went to school in FEU. I have no idea where my brother was so I assumed my mother was all alone. My brother was with her all the time, thank God! The night I was about to go to work, rain was lashing its fury. I was not even aware there was a typhoon but I was not able to sleep. To make matters worse, we had no umbrella available. I had to wake my mother to help me get a tricycle to go home. I made it to work but I got late due to the delay. Visibility was already low by 2am. I passed by Marikina River bank s going to Libis and was not surprised to see the water levels going up, 1/4 of the foundations were visible. I do not know if I possessed an eerie foresight but I told the taxi that ferried me to work that I see River bank s overflowing. Little did I know that this would be the first of the worst incidents I had witnessed all my life here in Marikina. The whole morning, the rain pounded its fury with no signs of stopping. I decided to sneak a peek on the news and weather to check what are the status of everyone. The skies were uniformly gray and we didn't even know that it was already morning. When I finally made it to see what was happening, I heard that the Marikina River already overflowed. Many of my co-workers-- Tamiks, Erish, Coach Gary, Mai and myself are from Marikina. Coach Gary decided to go home early so he can get to his house early.  I met up with _ligaya_ after shift because she invited me to go with her to teeth_for_eyes and  _ligaya_  and I couldn't reach our landline. The Katipunan-Aurora interchange was filled with cars, trucks and soldiers to do rescue. I later saw Bade (daughter of Tita Vangie) there and she persuaded to go back to our offices through LRT/MRT Thankfully, those services haven't conked out, too. Later, I learned their services run for 24-hours I reached Araneta-Cubao and saw PGMA doing an ocular inspection at the stations. Good to see that you are working, Madam after making off 800M in your travels that were meant for times like this . >_> I got some pics of her. I went back to office, bedraggled and felt like a useless drowned kitten. Had done RD OT for 3 hours (di ko kinaya, wala pa akong tulog...orz). I kept the vigil of updates and at the same time assuring my dad who was also mad with worry because he cannot reach my mom. Thank God I went back to office. The next morning, Marikina is still flooded and spent most of the time scouring for news. Thankfully, I have friends who were constantly updating me and the news really, really helped. Coach Sophie, Ron, Flerida and Nico were here with me, with JD. We kept vigil the whole day. I was ready to go home because the sun was shining but I was asked to stay put because waters are still high even it subsided a bit. I was forced again to stay for the night. So as you can see, I am still here to tell my tale.   The Ondoy tumblr made me see how far the devastation of the typhoon went all over. At the same time, it gave us light-hearted and inspiring moments on how people cared and did heroic efforts to help those in need. There were also a number of WTF moments and updates which made me realize disasters and emergencies show the best and worst of us. I rather NDCC updates for all to see and had been updated constantly. However, there are no official list on the names of the dead and missing except for the list HERE . Latest I've heard so far: 86 are dead and many more unaccounted missing. I think that's just in Provident Village. Hopefully, more information this coming days. So far, there are a lot of conflicts. I hope the government and politicians stop the political bullshit. I had to admire Kris even many got annoyed with her. She is doing something! What I am especially worried right now are the two threats of storms coming within 2-3 days . God help the Philippines. But in all fairness, He had been very good to many of us. Let's just keep praying. Although I have to say I experienced Milenyo and Rosing but this one takes the cake. Wala pang nagpalubog sa Marikina except Ondoy!!! Ayoko na maulit! I will be going home in a few minutes so ther may not be updates from me since we don't have landline, internet. You can contact me at my cellphone number. Since it's pay day, I will buy some supplies and load. Thanks so much to the following people: _ligaya_ , mithlin_megil , dyoklako , teeth_for_eyes , greyrook_22 (for the lulz and those compiled info!), raccoondog , retsu , Chelli and Chen, Jayson, Jo Ann, Ate Dey, Coach Jude, Coach Sophie, Ron, JD, up_ame , UP ABM, Tita Fides, JK, Sofi, Rich, Demi, Bry, Pi-chan, luckychan , Tere, my sister Penny, Mama, Papa, my brother James and his girlfriend Elaine, jactinglim (even you and ericvids are in Singapore), Meme, ushuaia , and so many other people known and unknown. For those I haven't seen update or contacted yet, please stay safe! It started to rain so I better leave. Will see you soon. I might not go to work (had enough of the office na rin) but will keep in touch. Guys! Please try to help with the relief operations! Andaming pwede puntahan. I also am helping out in RO2 with _ligaya_ and if you have any donations in cash or kind, please deposite them at BPI account under bank Account: BPI Savings 3106-4084-62 Ma. Jocelyn Bordador More info here: http://burymeinthisdress.com/blog/2009/0 9/where-to-send-donations-for-victims-of -typhoon-ondoy/ Source
 
one of those feelings Top
do you ever get the feeling that there's so much going on in your collective world, that it tends to feel a little bit overwhelming? sounds cliche, but it's kind of the atmosphere i'm feeling as of late. a lot of changes going on all around me, and i don't quite know how to feel about it. a little unnerved, mostly, because i like it when things are settled down and nice and steady. friends getting married, friends moving away. new additions to the family, while others members of my family are reaching out for assistance. i've been off the working wagon for so long that getting back into it has been a little shaky, mentally for me. i'm freelancing for yet another company right now, and i don't quite know what to think of it yet, and i don't think that's a good thing, thus far. my weekends are booked, and not enough money is coming in (yet) to compensate for my depleting bank accounts. i'm beginning to think i'm traveling far too much for my own good right now, and honestly, i don't want to think about any airplanes once november rolls around. a lot of this preemptive anxiety is certainly money-related, but now that the freelance branch is baring fruits again, it should help, but i guess i was expecting more gigs than i had been getting for the last few weeks, and my constant travels haven't exactly helped the cause on several fronts. i'm by no means upset at the world or mad at anyone or anything for the temperamental way life has been sloshing back and forth, but i am feeling slightly on edge, and look forward to when things simmer down to a less difficult to manage pace. Source
 
The Defining Moment - The Battle for Your Future Top
CLICK HERE to hear the show! MP3 File Len Renier has been repeatedly invited to speak before the Federal Reserve of Chicago. He is the author of 3 best-selling books on the future of financial planning in America, and the perils we will face in the next 3000 days with increasing tax rates and volatility. We are honored to have Len calling in to today's show. You will be amazed at his ability to make complex economic factors seem quite simple. He'll never tell you what to think - only HOW to think! Now CLICK HERE to listen! MP3 File Source
 
Parliament Hill // "Fevers and Frontiers" Top
NYAF isn't the most exciting convention in the universe, and if it weren't for the presence of Yoshiyuki Tomino, I probably wouldn't have bothered going back. Alas, with the creator of Gundam there, I don't think I could have lived with myself if I let it slip by, so I went. The con itself isn't really much more than a giant dealers' room, but at least I got to see a whole lot of people, which made it all worthwhile. Had dinner with Sharon, DC and Koyasunomiko on Friday, and it was super cool meeting Joanne as well. And running into cosplay friends from other cons! Of course, all the Gundam geeking out didn't hurt!! I attended both of Tomino-san's panels and nerdily landed myself front row seats for each. I even got to ask Tomino a question at the end of his keynote presentation, which nearly made me explode!! (For the record, I asked what he thought about the importance of character, since he had stressed the importance of story very much in his talk. He replied by saying that character was a very complex thing.) Of course, there was also an autograph session, but to get a ticket, you had to be there about four hours before the convention started for the day. Much as I was loathe to get up, it was totally worth it in the end to do it, and now I'm wondering how much my Gundam Character Encyclopedia is worth now, lol. Of course, because Tomino would only sign official items from Gundams he had actually worked on, I was glad I decided to bring that book, since he probably wouldn't have signed my sketchbook. I got a very sincere nod of approval from the guy screening the things people were bringing in for autographs, which couldn't be said for the people standing around me. (Honestly, trying to get a Gundam Wing tape signed by Tomino is no different than bringing in something from... Ranma 1/2 for him to sign, you know?) Tomino himself was even impressed by my encyclopedia: hesaid that not even he had it at home, and then proceeded to flip through it. That shit is NEVER coming out of the plastic again. I was pretty good as far as buying stuff went, and I didn't break the bank . Picked up a cool artbook in the artists alley and a fucking epic Char Aznable statue in the dealers' room. (He lives next to the Evangelion DVDs now, lol.) Was a little sad that they haven't released You Are (Not) Alone on DVD yet and that I missed the screening of it at the con, but at least it's something I've seen before. I was also excited that Sharon gave me the Heero and Duo chibis that are part of the Gundam 30th Anniversary set! Now if only I could finish this commission for her: Trowa is being very stubborn. (I might go for Round 5 on this one. No, I'm not an insane and obsessive perfectionist... *coughcough*) [here are the rest of my photos] Also, I thought I'd mention that I'm working on fic and art, albeit a bit slowly at the moment. I'm still really busy with moving in, getting settled and trying to find a job. *sigh* At least I have things to do with my time, but just know I haven't forgotten you guys!! I might post what I've written so far of my next chapter just to tide you over, because I feel sort of guilty for the wait XDD Source
 
Hinoi Team - Ike Ike Top
My eyebrows are things of fucking beauty (thank you, Laura!). XD The original plan was to run around in ichiP! clothes all day, but it was raining, and I didn't want to get to the con in wet clothes and have no change. I decided that since the weather was being English, so too, must I be. And drunk. I only wish I had the balls to travel as drunk!UK, but alas, I did not. Nor the time to throw my hair under the wig before I left home, which was the real reason. I took a walk around the Dealer's Room when I was done getting dressed, not really finding anything all that special, except for Kaylie (she was my Canada), who I greeted with a "Gooooood morning, son!" and then draped myself over her. "You're drunk, Mommy, aren't you?" "Just a little bit!" Found a few other cosplayers along the way, and in all honesty, just hung out until it was time for the photoshoot. My breakfast consisted of a scone and tea, or would have, had the cafe not run out of scones. I settled for a muffin. And scolded Canada when he started using frog-words like "façade" and "croissant." My drunk!UK was received very well, and more than a few people seemed impressed with how well I was able to keep character (to the point where they asked me if I were actually drunk!), and if I roleplayed Arthur. What, no! I should, they said. :O Yay, I'm good at a character! IDK I think I make a much better Seychelles, even if she was being a bit of a tattletale yesterday (I let her slide, she's just a little kid). Not that we weren't being ridiculous and playing around beforehand, but the proper shoot started at two. Here're some of the good ones: Chibitalia and Regulartalia Korea, Taiwan, and Hong Kong get into a slapfight with their long sleeves Al and his burger Group Shot : Italy, Austria, Norway, Lithuania, Denmark, Turkey, America, Egypt, Greece, Canada, Prussia, N. Korea, China, two Hong Kongs, South Korea, Taiwan, UK, Spain, Italy, Chibitalia, Hungary, Chibitalia, UK. Lucky twenty-four. :D Denmark (we have the same birthday!) Kumajiro Brothers ♥ China and Spain fighting over England Russia and Lithuania Austria and Hungary. D'awwww. Spain tries to take Florida back. America's not havin' it. (That reminds me to check the meme, actually.) ASIA ... and Prussia Turkey Forget Norway! This jacket is so pimp. I almost wanna do Rev War England now! Italy and Prussia Egypt Spain demonstrates the Knee Attack And then we started playing a game of Duck, Duck, Goose (or Potato, Potato, Tomato, as we called it). UK lost the race Spain finds himself between the Chibitalias Denmark fell over for, like, the fiftieth time Russia (formerly Prussia) tries to claim UK Six Flags (originated in Korea)! More flags, more fun! And Spain's Knee Attack one more time. With motion ! And then I had to go. I was very sad and didn't want to leave the shenanigans. Oh well, I had dansu. I plugged it. A few of the Hetalia group showed up, which was really nice of them. ^_^ The dance workshop went really well. We were in Daki outfits and taught Bacchikoi and the Keroro dance, and we were so impressed with the level of retention. These guys had both dances DOWN in the short hour we had, which was awesome. There's not much else to say. Kiera took a lot of pictures, Mario and Guillermo managed to catch the end bits of it (YAY!), my voice started giving out and I drank two hundred liters of water (according to Nicole. She forgot to say "milli" before "litres"). Got to hand out business cards this time. My blisters, by the way? Still there. X_X I would like to know if someone got any of it on tape? That'd be nice to have in our favorites. :::nod nod::: After that, we went to the Top Ten Video Games panel, one I'd seen before at I-Con. This time it was ten best and worst together, which was nice and interesting. After rating Tetris number one best and Final Fantasy VII number one worst, I (jokingly, of course) shouted out to ask if the dude running the panel was single. I mean, if that's not meant to be, I don't know what is! XD It's nice that the Javits Center staff takes their job very seriously and were kicking people out at EXACTLY five o'clock. It's not cool, though, when they yell at people for stopping to tie their shoes or put on their jackets. Seriously, that's fucking retarded. 9_9 And then we went home. On the train, I met someone who attended our panel. We chatted for a while about conventions in general, but soon ran out of other things to say. After he left, I rummaged through my bag to discover that I THINK I've lost my iPod, which makes me a bajillion kinds of upset (I really do hope it falls out of my shoe or something later). Not to mention fucking around with the computer all night and facing work in the morning. So much to do tomorrow! Work, the bank , cleaning, laundry, getting my glasses fixed, sleeping? AUGH! But NYAF this year was fun and cool and totally exceeded my expectations (and I didn't go to a SINGLE panel!). I'm pleased again. In the meantime, these lenses are itching my eyes, and I've got shit to do online still, so... later. Source
 
Helping all typhoon Ondoy victims by any means we can. Top
Thank you for clicking! You did the right thing, let's pray for our country. Help or donate by any means we can! How to help? Sa lahat mga kababayan naten, lalo na ang mga nasa ibang bansa, you can click on the barriosiete logo below or donate H ER E : ALSO Ways to donate to the Philippine National Red Cross http://www.redcross.org.ph/Site/PNRC/wtd.aspx Manuel L. Quezon's blog: How to help (original on Quezon.ph | Tumblr.com mirror link) Google Docs: Rescue InfoHub Central | Ondoy Places to Donate Google Maps: Ondoy situation map for Metro Manila, by KaninLamig ABS-CBN HOTLINE 416-36-41 SAGIP KAPAMILYA 413-2667 / 416-0387 No 13 Examiner Street, Quezon City, Look for Ms Girlie Aragon : Banco de Oro, Mother Ignacia branch Acct name: ABS-CBN Foundation Inc. Acct no.: 5630020111 Routing code for international cash donations BNORPHMM ABS-CBN Branch ABS-CBN Foundation US Office Toll-Free 1-800-527-2820 -source- "Typhoon victims in Philippines in dire need of food/clothng. Call the American Red Cross to help. 18004357669" - Demi Moore "My heart goes out to my friends in the Philippines http://edition.cnn.com/2009... " - Josh Groban "Philippine storm leaves 75 dead and missing http://bit.ly/kSzCx " - Alyssa Milano And lastly, Hoping and praying that everyone, everywhere, especially my friends in Rizal, Marikina, Pasig, Laguna and Cavite are ok... - Just Me *** Source
 
Prayers, donations and help for all the victims of Ondoy... Top
"Typhoon victims in Philippines in dire need of food/clothng. Call the American Red Cross to help. 18004357669" - Demi Moore "My heart goes out to my friends in the Philippines http://edition.cnn.com/2009... " - Josh Groban "Philippine storm leaves 75 dead and missing http://bit.ly/kSzCx " - Alyssa Milano Hoping and praying that everyone, especially my friends in Rizal, Marikina, Pasig, Laguna and Cavite are ok... How to help Ways to donate to the Philippine National Red Cross http://www.redcross.org.ph/Site/PNRC/wtd.aspx Manuel L. Quezon's blog: How to help (original on Quezon.ph | Tumblr.com mirror link) Google Docs: Rescue InfoHub Central | Ondoy Places to Donate Google Maps: Ondoy situation map for Metro Manila, by KaninLamig ABS-CBN HOTLINE 416-36-41 SAGIP KAPAMILYA 413-2667 / 416-0387 No 13 Examiner Street, Quezon City, Look for Ms Girlie Aragon : Banco de Oro, Mother Ignacia branch Acct name: ABS-CBN Foundation Inc. Acct no.: 5630020111 Routing code for international cash donations BNORPHMM ABS-CBN Branch ABS-CBN Foundation US Office Toll-Free 1-800-527-2820 -source- Sa mga kababayan naten na nasa ibang bansa, you can also donate H ER E : **** Source
 
Free Speech for the Corporatocracy Top
The answer to speech is more speech , libertarians will utter.  So you're really going to outspend the GM Corporation?  Goldman Sachs?  If the Supreme Court gives corporations the same rights as people, then we can consider the latest bailouts a quasi -bailout, perhaps even the Diet Coke of bailouts.  And why do corporations qua corporations even need free speech rights? I immediately wonder why corporations even need unlimited Freedom of Speech rights. They already have reasonable Freedom of Speech protections (First National of Boston v. Bellotti, 435 U.S. 765 (1978)). Further, everyone who works at a corporation and all the shareholders already have the highest level of Freedom of Speech rights protected by the Constitution. If we give corporations the same Freedom of Speech rights as humans, we are functionally giving extra powers of speech to corporate executives in the C-Suite. After watching how they ran our economy into a shitpit, should we allow this handful of business people to use their out-sized coffers to drown out the incredibly less financed individual citizens? Read the rest here.   And keep uttering "more speech."  You're right, and I'm wrong.  Because we're all going to be able to outspend our corporate masters.  Libertarianism only works when there is a separation of corporation and state.  The bailouts proved that, far from a high and impregnable wall, the White House and Congress are pregnant with Goldman's octuplets!  Corporate speech is truly hilarious.  People can't sleep at night knowing that the Nike company can't lie to people about it's slave labor practices.  How can we say we live in a "free" society when Nike can't lie to its customers in order to trick those customers into buying shoes made with slave labor!? Source
 
"Seasons of Love" // RENT (shut up; it's how I feel atm) Top
Title: The Forsaken Author: Link Worshiper Pairings: 1=2, maybe some others if I feel like it Rating: PG-13 Stuff: Fantasy AU, fluff, sap, language, adventure, WoW nerdiness Disclaimer: I own Gundam Wing action figures? Warcraft and its lore belongs to Blizzard Entertainment. Both things are being played with out of fangirl love. Thanks to danse and Natea for the once over. Despite the fact this is part of Natea's birthday present, I still needed her to fill me in on the Alliance history they don't teach us on Horde, so thanks for that also =P ++++ Part XI The Stonewrought Dam ++++ By the time the trio reached the edge of the wetlands and the safety of its tree-lined pathways, twilight had given way to inky darkness. Heero was starting to feel the weight of the day's march on his shoulders, but he knew there was no way that Trowa was going to sacrifice the cover of night for his benefit, so he settled for munching on a small loaf of bread instead as they lingered in the shadows, deliberating what to do next. Beyond the trees stood the enormous dam that held the loch back, controlling the flow of the water from the lake above with a series of regulated waterfalls. It was another testament to dwarven ingenuity and a monument of times ages past. Just standing near it was enough to remind Heero how truly small he was, and, while Duo and Trowa continued to bicker about which way they should approach the Badlands, Heero was left to ponder, not for the first time since they'd started, whether or not this entire endevour would prove worthwhile. He was just one person, and not a king, or even a prince; how could he ever hope to stand in the way of an ambitious man like Milliardo Wrynn? "We should come around the eastern bank," Trowa was saying, practically shouting to be heard over the thundering waterfalls. "Then we can be sure to avoid Thelsamar and any Allies that might be lurking there." But Duo was shaking his head throughout Trowa's suggestion, though. "It is but a small town, and it's must faster to travel down the western bank," he shouted back. "We are heading to Kargath, are we not?" "I wouldn't know!" snapped Trowa; "You've been extremely close-mouthed about what we are even doing down in these parts, aside from escorting your human pet back to Stormwind. I don't see why we're even walking at all!" Duo chose not to even get into an argument with Trowa about whether or not the Undercity giant bat handler would have allowed more than one person to ride one of his precious mounts, especially if one of them was clearly not part of the Horde. Instead, he cut to the heart of it: " Because , if you've forgotten, I also told the human I'd help him get rid of his curse in exchange for one of Stormwind's treasures," he reminded Trowa tartly. "And to do that, the first thing I need is a blade forged of the strongest metal we can find, which, in these parts, would be thorium – and there's loads of it just south of here." "I still don't see why you're so adamant to help him," Trowa grumbled to himself, irately tugging at Heavypaw's mane. Duo blithely ignored the elf and turned to Heero, surprising him with a question about his opinion on the matter. Heero, who had only been half paying attention to what seemed like a typical argument between Trowa and Duo, was startled and unsure what to say. "It boils down to efficiency or precaution," Duo summed up, raising his voice even louder to reach Heero's ears. It didn't take long for Heero to come up with an answer. "The western bank," he said with a shrug, privately enjoying the irate look that crossed Trowa's face as he spoke. "If our next destination is indeed that Horde outpost in the Badlands, then it is the natural decision. Besides," he added, growing more confident as he continued, "there is nothing for me to fear in Thelsamar." "Well, aren't you lucky," Trowa groused, clearly not pleased that he was being challenged on both sides. "What a shame it is we all can't be afforded the same luxury." Duo interjected before Trowa had a chance to get too much more out of hand. "So it's settled, then," he said, waving Trowa off like a miscreant fly. "We'll climb up the dam and travel down the loch's western bank." Rubbing his palms together, he grinned a dastardly grin, eyes glimmering in the darkness. "Let's get started then, shall we?" Duo had barely whirled in the proper direction when Trowa voiced his opinion yet again, his voice far more firm than it had been before: "I still am not at ease with this," he said staunchly, as if he were issuing a decree. "I still think that it would be more prudent to avoid any Alliance villages at all costs." Halfway through one of the small rivulets that fed into the wetlands, Duo splashed back around to face Trowa. "As we head towards the biggest Alliance village of all," he sighed with an unmistakable twinge of sarcasm. He marched right back up to Trowa and straightened, trying to measure up to Trowa's stature as best he could. "Look, you're either with us or not," he said, jabbing a skeletal finger into the center of Trowa's chest, "and we're going down the western bank!" Trowa's mouth quivered wordlessly for a few moments before he finally retorted, "Fine! And I will go down the eastern bank." He let the meaning of what he said sink in on Duo, and a small grin tugged his lips as he added, "Don't expect me to play cavalry when you get held up around Thelsamar." With that, he turned his back on Duo and started to head in the opposite direction, Heavypaw at his heels. Duo stood defiantly in place as he watched Trowa head towards the eastern side of the dam, his expression tight and unreadable, despite the show he'd been putting on earlier. "Smug bastard," he muttered to himself. Hearing him from his spot a few paces off, Heero volunteered a small sympathy. "If it makes you feel better," he said, his tone frank as usual, "my friend, Quatre – that priest Trowa's been talking to – has a particular way of putting such 'smug bastards' in their proper place." His expression tweaking a bit, Duo glanced over at Heero and asked with a suspicious nod, "What makes you so sure he could manage one like Trowa?" At this, Heero couldn't help but let a small chuckle escape his lips as he replied, "Well, he managed to cull me." The assurance was more than Duo could have asked for. ++++ So massive was the loch, it seemed as if the entire star-speckled sky fit within the confines of its banks as Trowa rounded the eastern edge. The surface of the water was perfectly still, despite the flow of the dam's waterfalls that channeled immeasurable amounts of it to the basin below, and he felt a sense of peace in this newfound solitude. He hadn't meant to argue with Duo before, and he trusted that Duo was smart enough to take care of himself, so he stopped concerning himself with it and instead took the moment to enjoy this brief reprieve from his companions. It wasn't until he was on his own again that he realized how tense he had been for the last few days. It satisfied him only briefly, however, for it didn't take long for a spell of loneliness to set in. Duo and his impulsive scheme to help that damned human might have been ridiculous, even obnoxious at times, but that haphazard attitude was one of the things Trowa liked best about his friend. Even the human, hesitant as he was to admit it, had a few respectable qualities here and there. He thought about his initial intrigue when the whole situation had been presented to him, and he suddenly found himself remembering why he'd wanted to come along at all. Idly, he reached for Heavypaw and stroked his fur, murmuring, "At least you are always here for me, friend." He sighed as Heavypaw let out a contented purr, wishing the lion could speak the languages of men. The thought of conversation found Trowa's hand wandering towards his hip pouch, where he kept Quatre's owl charm. When he realized what he was doing, however, he quickly chomped down on his lower lip and quickly pinned his hand behind his back. It wouldn't do to make the priest think he relied on him, especially after that comment Duo had made earlier. Resolutely, he marched forward, a tight frown marking his features. Peacefulness was certainly a lonely affair. ++++ Quiet also fell on the western bank as Heero and Duo progressed on their own way. Unsure of what he should say, or if he even ought to say anything at all, Heero spent the time feeling anxious that Duo would mark it as yet another thing he found insufficient about him. Duo, on the other hand, was actually just reveling in the fact that they seemed to be enjoying what seemed to be a rather comfortable silence together. Even including Trowa, he hadn't been able to feel that way around anybody in quite some time. That sense of comfort was particularly telling by the fact that Duo was able to easily speak his mind when a whimsical thought passed through his mind. "Do you think we're ahead of Trowa?" he wondered, peering into the distance as if he were searching for a sign of movement across the loch, despite the fact that it was impossible to see the other bank from where they stood. He let out a raspy sigh when he realized this. Heero barely glanced at the water, too busy watching Duo for some kind of sign that might indicate where he was going with this particular train of thought. He wondered what it meant that he only saw Duo as he usually was, his corpse slightly hunched over as he leaned heavily on his staff, lackadaisical, and impossible to read. Considering the slightly guarded way the warlock still carried himself around Trowa, who was his old friend, the easygoing attitude made Heero suspicious that it was all some kind of ruse to lure him into a false sense of security. "I mean, it is longer, but after a couple hundred years of gallivanting through the woods, Trowa is a very fast runner," Duo continued to muse, knitting his leathery brow. He let out a hoarse chuckle, adding, "The years certainly have been kinder to his body – and his face – than they have mine." "You look well enough for someone who's dead," Heero found himself saying before he had a chance to stop himself. Flustered, he swallowed when he noticed the comment had garnered Duo's yellowed gaze. "Or certainly no better than you surely did when you were alive," he tried to amend, though it didn't do much to rescind what he'd said. Frustrated, he said rather crossly, "Not that it even matters. Why do you care if he's ahead of us or not?" "Because we're competing ," Duo answered as if it were obvious, though he couldn't stop the smirk teasing his torn lips. "Is that what it is," Heero muttered under his breath. "It is," Duo insisted with a note of finality, straightening as much as his misaligned spine would allow him to. Heero grunted and shifted his weight from one foot to the other. "Well, if I had a hundred years to live, I'm still not sure it would be enough time for me to ever quite understand you," Heero retorted flatly, crossing his arms. "At least you would be trying," answered Duo, turning south with a swoosh of his violet robes, claiming the final word as his. Heero trotted after the warlock, brooding over this last exchange and what to make of it. The silence that had settled between them earlier returned with Heero's anxiety. He wasn't sure what he wanted Duo to say or do in order to ease his uncertainty, a thought that once again left him concerned as to why it even mattered. He told himself it probably had to do with his newfound doubts regarding how necessary animosity between the Alliance and the Horde really was, but the excuse sounded poor to even his desperate conscience. It was somewhere during that particular thread of thought that Heero heard a sharp snap behind him, like someone stepping on a twig. He jolted and whirled around, narrowing his eyes at the empty landscape before slowly turning back and berating himself for being so edgy. The second time he heard the same noise, his eyes darted every which way, certain that he couldn't be imagining things. It was then that he noticed a presence next to him, and he would have startled if the dwarf that had suddenly appeared beside him hadn't reached up to give his belt a sturdy yank, a wordless signal to keep quiet. With another motion, he gestured for Heero to bend his ear closer as he whispered, "Ye be needin' some 'elp dispatchin' that ghoul, there?" The dwarf's eyes darted forward, settling on Duo's back. Heero blinked in surprise at the dwarf, unsure of how to respond. It wasn't until he realized that the pint-sized man was wearing a tabard decorated in Alliance blue and gold that he made the connection that he was a Thelsamar guardsman and that they had accidentally wandered closer to the town's borders than they'd intended to. Then it dawned upon him that the soldier had probably made the obvious assumption that he was following Duo not because they were traveling companions, but because he was trying to ambush him from behind. Hastily, he whispered back, "It's not what it looks like." The dwarf furrowed his thick, red eyebrows, frowning. "And wot's tha' mean, rogue?" "It means what I said," Heero hissed. He glanced up at Duo, who was still a good fifty paces ahead, and prayed that he hadn't taken notice of the commotion behind him. Though the expression on the dwarf's face was mostly hidden behind his bushy beard, it was clear that he was suspicious of the answer. He glanced at Duo as well, and then back at Heero. Then he put a pair of stubby fingers into his mouth and whistled loudly, alerting not only Duo, but a small brigade of dwarven gunners, who had been hiding amid the rocks. "I'll ask ye again," said the dwarf beside Heero, his voice much more deadly-sounding now, "wot's the meanin' o'all this?" "Don't say a word, Heero," Duo ordered, reaching into his robes to fetch his wand as he stalked back towards the rogue. He had barely pulled it from the depths of his sleeve, when a shot rang out, snapping the wand from Duo's fingers with a lead bullet that only narrowly missed Duo's hand. It smoked menacingly in the grass just behind the warlock, who was glaring into the darkness and cursing the gunner's marksmanship. "Has he takin' ye prisoner, boy?" the dwarf exclaimed, his fists already clenching in predisposed anger. He grabbed Heero's belt again, shaking one of those fists at Duo as he cried, "Well, ye won't be givin' any sort o' commands to one o' mine anymore, ye blighted abomination!" Now very annoyed, Heero gave the dwarf a push, disengaging him from his person. "I told you it wasn't what you thought," he snapped, very much at the edge of his patience. "We're just passing through, so if you'll let us go about our business peacefully, we'll be on our way." But the dwarf was staring at Heero with wide eyes and a slack jaw. "Dinnae tell me that ye be allies with tha'… tha' thing !" he gaped, extending a quivering finger towards Duo. "It is of no consequence to you what the nature of our relationship is," answered Heero, unimpressed by this meaningless row with the dwarf. "Nay, I be thinkin' 'tis," said
 
Incubus // "Nebula" Top
So I didn't get the job I applied for at the Apple Store. It's not that big of a deal, but I am so eager to get back to NYC, and I feel like I lost a lot of potential job hunting time while I was pursuing that lead. It really stresses me out because I don't have a lot of money at all, and my mom can't really give me anything to live on outside of allowing me to stay at home until I have a place to stay. I guess I was bank ing too much on it, but now it's back to the drawing board, and in this shitty economy, that stresses me out so bad. Dammit, I knew I got jinxed when all the people I was talking to at the Apple Store whilst waiting for my last interview were already welcoming me to the team and all that. Guhh. At least Incubus was awesome last night. I impulsively went to see them with my brother, and nine years after the first time I saw them, they still have it. Unfortunately, they also have too many hits and know the sort of crowd they're playing for: there wasn't enough off of S.C.I.E.N.C.E. or some of their older albums. ...dammit, why don't I have a Stellar Heero/Duo icon? Source
 
Radiohead // "Down Is The New Up" Top
Title: The Forsaken Author: Link Worshiper Pairings: 1=2, maybe some others if I feel like it Rating: PG-13 Stuff: Fantasy AU, fluff, sap, language, adventure, WoW nerdiness Disclaimer: I own Gundam Wing action figures? Warcraft and its lore belongs to Blizzard Entertainment. Both things are being played with out of fangirl love. Thanks to danse and Natea for the once over. Despite the fact this is part of Natea's birthday present, I still needed her to fill me in on the Alliance history they don't teach us on Horde, so thanks for that also =P Check out my site, [zephyr121] , for any parts you might need to catch up on. ++++ Part X Ripples ++++ Duo knew that Trowa was probably wondering where they were, but he also thought it would be prudent to stop and make sure that neither of them wore any telltale signs of the demonic slaughter that had overtaken Heero near the harbour. They had long since evacuated the scene of the fight, but they were still a good twenty minute pace from where Trowa was waiting. Stopping at one of the more secluded pools of the many that covered the wetlands, Duo sat down at its edge and commanded Heero to start washing. Still trying hard to act as reserved as possible around Duo, Heero started pulling off his gloves and boots. All of his outerwear was so bloodstained, it looked as if he had cured the leather with a dark red dye. Even his face looked as if it had been painted, and his long bangs were stiff with crusted blood. He grimaced as each piece of clothing was dropped into an unceremonious pile at his side. Then, stripped down to only a linen shirt and underwear, he slid into the shallow pool, wading in to his knees and then sitting down to scrub his skin clean. As he bent over the rippling water to splash his face, he paused, momentarily caught off guard by how alien his features looked covered in so much gore. It reminded him how unlike a hero he was. "This is not life," he murmured. "What's wrong?" came Duo's voice from behind. He sounded pleasant – or as pleasant as a Forsaken could – and it served only to confuse Heero as to what his mood was. "Nothing," Heero intoned flatly, not bothering to turn around. He dunked his head into the pool and let the blood clout the water around his face. He resurfaced to the sound of Duo's raspy guffaws. "Your guilt amuses me," Duo finally managed to say between laughs. He was leaning over the side of the pool, trying to rinse the blood from his huge sleeves while avoiding as much water as possible. Asahi bounced next to him, a tiny silk bandage wrapped almost comically around his middle. At this, Heero whirled around, the water churning around his legs as he did so. "You would make sport of someone who feels guilt at the hands of slaughter?" he demanded, shaking. "No," Duo drawled, flicking his still dirty sleeves. "But I would treat one as such who felt guilt over something he could not help. To me, that is wasted effort." Heero's lips tightened, but he did not argue. Duo had a fair enough point, he supposed, but it didn't do to make him feel much better. Besides, the more he thought about it, the more it did seem like he was the one to blame: if he hadn't obeyed King Milliardo's command, for instance…. Meanwhile, Duo was still watching Heero from the bank, no longer interested in his sleeves after deeming the purple fabric dark enough to mask the blood. Instead, he leaned his chin into one hand and observed wistfully, "You're the sort who never changes, it would seem." Heero, who had barely gone back to washing himself, found himself turning to glare at Duo once more. "What does that mean?" he wanted to know. "You – your attitude – I can see it all over your face," Duo clarified, though he still somehow managed to be vague. "You try not to feel remorse for anything, but when you do, it eats away at your soul, doesn't it." The comment wasn't even a question, but a very confident statement of fact. "Or perhaps you have conditioned yourself to follow orders so perfectly and so thoughtlessly, you don't even see the repercussions of your actions until—" "Enough!" Heero interrupted loudly, not fond of where Duo was heading with his assessment. Smacking the water impatiently, he grimaced, "You may have heard of me, but far be it to know who I am and what my life is like. Presume what you want, but dare not think that you understand a thing about me, Duo Blackscythe." Much to Heero's annoyance, all Duo did was allow his lips to rise up into a lazy smile, which actually made Heero more uncomfortable than even the most wicked expression he had yet seen on Duo's face. It seemed to Heero like Duo was not the sort to say what he meant, though he certainly meant what he said. It made him wonder, not for the first time, just who Duo was, really. Gathering his fill of amusement from Heero's very visible agitation, Duo interrupted Heero's thoughts, saying, "Mm, you tell me so much without even trying. It must be hard wearing your heart on your sleeve without anyone ever noticing it's there." He was eying Heero carefully, eager for even the tiniest of reactions, but was disappointed to find that Heero had stifled his expression with almost painful vigor. Masking his own dissatisfaction, Duo turned away from Heero and glared sharply at the pile of bloody leathers Heero had left by the pool, all the while wondering if Heero's stiltedness had more to do with faction or with him, personally. "Hurry it up, then," he barked, his frustration creeping into his voice. "We haven't got all day, and Trowa will be wondering if we've drowned in the harbour by now." Heero took a moment to simply stare at Duo, once again put off guard by this sudden flip in attitude. He probably would have remained that way for a bit longer if Duo hadn't abruptly decided to kick all his bloody clothing into the pond, jarring Heero from his stupor. Snapping back to attention, Heero growled, "You're the one who insisted we stop, so don't place the blame on me for our delay." "Tch, you humans are so preoccupied with blame," Duo snorted, crossing his arms presumptuously. "In death, you would find that such things matter hardly at all." "Then it is a shame not all of us can be like you," Heero deadpanned, stomping through the water to fish his leathers out before they became damaged. His growing agitation was plain with the way he threw each article back onto the bank with astounding vigor. The comment struck a nerve with Duo, and all of his usually controlled demeanor faded away. His lips curling back around his jagged teeth, he snapped, "Alright, then why don't you just drag as many humans as you can up to Northrend and let yourselves fall victim to the Scourge? Then you can see how wonderful undeath tastes in the service of Treize." He spat unceremoniously at Heero's pile of wet clothing, which Heero had just pulled out of the water. "Or would you rather me just take you back to Undercity, where my colleagues in the Royal Apothecary Society can experiment on you until your intestines fall out of your ears." This time, there was no question as to whether or not Duo was joking, which flustered Heero to no end. Taken aback, he stammered, "Duo, I-I'm sorry… I…." "Forget it!" Duo went on, not even hearing Heero's attempted apology. "You have no idea what it's like to wake up one day and realize that you're dead. It's almost worse being Forsaken than even being one of the Scourge, because at least then, you have no idea what's happened to you. At least you have no idea who you're killing, who you're… you're…." Duo had started to quiver, though whether it was because of rage or distress was hard to tell. It was then that a few key pieces fell into place for Heero. With a hum of realization, he asked softly, "Duo, who did you lose to the Scourge?" The words crashed against the backs of Duo's teeth as he suddenly clamped his mouth shut in surprise, a finger still lifted like he meant to deliver a particularly menacing argument. His empty, glowing eye sockets flickered as he slowly lowered his hand, staring straight through Heero all the while. "Trowa mentioned it briefly," Duo mumbled so quietly, Heero had to strain to hear. "It was my brother…." Heero dared not move, even as water dripped from the tips of his bangs and ran uncomfortably down his face. Once again, that urge to know more about Duo – to understand him – rose up within him, but this time, he did nothing to try and quell it. He even held his breath. But Duo said no more on the subject, quick to direct the conversation in a way that would keep Heero's prying curiosity far from his personal history. Heero was starting to notice that Duo's jumps in tone and attitude seemed to be coupled with subject matters the undead warlock would rather avoid. "And what about you?" Duo said glibly, jabbing a bony finger at Heero. "You who is so tightly wound? You must have a reason for being that way. Perhaps something you'd rather hide?" Again, Duo's face was warped with the shape of that damned smile of his, like he knew far more than he was letting on, but this time, Heero suspected it was a ruse to divert the true nature of his feelings. A breeze rippled across the pool, causing Heero to shiver as he stared up at the overcast sky, frowning. Even if he had wanted to supply Duo with an answer, he wasn't sure what he would have said. Duo had an uncanny knack for getting under his skin with just the right comment, and a discomforting nausea settled in his stomach at the realization that Duo seemed to understand him well enough to do so. It reminded him of when he had been younger and living in Dalaran: those who had managed to push their way into his circle of trust had made him feel similarly with their observations of his character, and even worse still, when a good number of them faded into mere memories. If he was worried about the prospect of Duo leaving him alone as so many of the people in his past had, then Heero could safely say that stranger things had happened. However, he said nothing of these musings as he continued to methodically scrub the blood out of his clothing. He had learned a long time ago that silence was often the safest route, even if it hurt to swallow. Meanwhile, as that same breeze tossed through Duo's long, ratty hair, a similar nostalgia had settled upon the Forsaken's shoulders. He forced himself to look away from Heero, whose very existence reminded him so much of what it had been like to be alive, cursing the emptiness that undeath had left him. Looking around at the beautiful life he could only stand on the outside of, he muttered under his breath, "You have no idea how lucky you are to simply be alive." Heero pointedly ignored him, dunking his leather jerkin through the reflection of his face in the water. ++++ Trowa was dosing by the dying embers of a fire and the swishing tail of the ever-watchful Heavypaw when Heero and Duo returned. Heero still looked a bit messy, and his hair was damp, but he was a sight less noticeable than he'd been when he'd been covered in blood. Both he and Duo were a bit on the morose side since their discussion by the pond, each lost in his own thoughts about the meaning of the words they'd exchanged, and it didn't take long for Trowa to take notice. "What now?" he bemoaned, getting to his feet so he could stamp out the remnants of the fire with the heel of his boot. "Did you have a lovers quarrel or something?" His voice was barbed with sarcasm. "Very funny," Duo sneered, though his eyes had slid in Heero's direction surreptitiously. Without further ado, he tossed the bag of provisions at Trowa, which landed at his feet with an unceremonious thud. "Well, let's keep going then," he said impatiently as Trowa stooped to inspect what they had obtained at the harbour. Trowa was still rummaging through the pack as they began to walk again. "Excellent taste," he commented as he pulled a flagon of wine out of the bag so he could inspect the label better. He glanced over at Heero, who was staring at the ground, and gave him a nod of approval when he finally managed to catch his eye. With Duo leading the way, followed by Heero and then Trowa and Heavypaw, they resumed their course south, towards the enormous loch that was regulated by a stone wrought dam so large, it knew no parallel anywhere else in Azeroth. They would have to travel around the loch, treading carefully because the land was still Alliance controlled until they reached the contested territory beyond it. The mood was still a bit awkward, and they continued in a silence that was interrupted only by their footfalls and the twitter of the woodlands around them. After traveling like this for a bit, the monotony was broken up for Trowa by a low chime that seemed to be coming from his hip pouch. Slowing his pace only slightly, Trowa peeled back the flap to investigate the sound, unsurprised to find Heero's owl charm glowing faintly in the depths of the bag. He schooled his reaction, silently lamenting what a horrible time Quatre had chosen to try and contact him, only to then worry whether or not the priest had somehow known to choose this moment intentionally. He snapped the pouch's flap closed, resolutely boring his stare into the back of Heero's head as if ignoring the charm would make it stop. It actually seemed to work for a bit, until Heero, who seemed to have just noticed the chime, started frantically digging through his own hip pouch in search of the charm he hadn't realized he'd lost. Taking note of the commotion behind him, Duo looked back over his shoulder with furrowed eyebrows, wondering what was wrong. "My… this… this trinket that my friend…." Heero stammered distractedly, now patting down his entire length as if he might have squirreled it away somewhere else on his person and then forgotten. "I thought I heard its magic," he explained vaguely, distracted by his frantic search. Trowa unconsciously gripped the belt loop his own side pouch hung from. Duo frowned, crossing his arms and tossing his head with exasperation. "Well, no need to lose your marbles over it," he said. "You're giving me stress just watching you like that." "No, you don't understand," Heero fretted, his hands thrust back into his side pouch for a second rummage through. "It was a gift from my oldest – from my only – friend! I can't have lost it…. I'll be all…." He trailed off, distracted by his fruitless search. His face contorted with frustration, and had he not been the well-schooled individual he was, he might have let out a roar so mighty, it would have shook the very boughs of the trees that stood around them. Duo's face melted into a bland expression that was meant to disguise the disheartened sensation welling up inside him. It surprised him that a feeling such as empathy was something he could still experience in his current, eternally embittered state, but it was not unwelcome. It seemed almost ridiculous now that he thought about it, but he had kind of begun to feel like he might be called a friend of Heero's, and to hear otherwise was a bit of an unexpected blow. It was then that Duo shot a glance at Trowa, who seemed suspiciously unenthused, and noticed the way the elf was gripping his side pouch. It didn't
 
Tulog Na- Sugarfree Live! with Manila Symphony Orchestra Top
I should have posted earlier but Plurk has got me with one of its eternal "250 plurks"loops. In the middle of wading through the plurkages, the Sugarfree Live! with the Philharmonic Orchestra is playing, making me shiver with sheer alternative rock music + orchestra music goodness. :D For some weird reason, I had seemed to have pressed the "Mark All as Read". Hah. Ah well, I am still feeling giddy. XD Went out with Heero-kun and luckychan   yesterday and did some catching up with our lives now. Well, Heero-kun and I met up first at SM Marikina to do some heart-to-heart talk about an issue but we ended up enjoying my first time at the new SM mall. Took some shots of the River bank s which I would soon post in Multiply after fixing my camera. I also got my Sugarfree Live! cd there in Odyssey. Jay nearly disowned me when he overheard me talking to the saleslady. Me: Miss, asan po yung Sugarfree concert? Yung kasama nila yung Philippine Harmonic Symposium?(while the saleslady was looking for it and I was squeeing excitedly, Jay had a very horrified look on his face) Jay: Ano uli sabi mo? Philharmonic Symposium? Me: May concert ang Sugarfree dati, kasama nila yung Philippine Harmonic Symposium...(realizes what I said) *facepalms* What the...hell? (dawning horror) Saleslady: Ah, eto na. (hands me the cd. I quickly turn over the cover, which I read while feeling a blush creeping on my face) Me: (reading the cover) Manila Symphony Orchestra... (looks at Jay as he fights to keep his face straight) Symposium? Jay: (half-horrified and half-amused) Hindi ko kilala ito! My tongue had seemed to have been dyslexic after that, all through the afternoon. After a lot of bickering, we bought Chocolate Torte cake from Sugarhouse for Mama and Chocolate Brownie cake for the award-winning author (which she later added "na sana di na single...but alas..."). Jay had paid for the cake because I had lacked the funds and asked him if we could withdraw cash before leaving. Unfortunately, there was no Metro bank atm in the area so we had to walk to River bank s (which Jay admitted was his first time there). Jay then remembered he wanted to go to Ateneo to go to the Church of Gesu to hear mass so we trekked the "shortcut" to Ateneo. We ended up walking all the way to Katipunan. I was into fits of laughter while Jay casted me baleful looks, while muttering, "5 kilometers...from SM Marikina to Katipunan...nilakad lang natin!" Sabi mo e. Ikaw nagyayang mag-shortcut. We waited for Leslie at Seattle's Best and had Double Chocolate Mint (ayoko na sa Starby) and Vanilla Milkshake. Later, Jay was complaining to me that he forgot he was lactose intolerant and the Vanilla Milkshake upset his stomach. I later learned that the two were together the night before because they attended nakuru_cute  's birthday treat at High Street. We settled at Shakey's for mojos and shared the brownie cake for dessert. I really find it weird that I don't take pictures of many of my most memorable and enjoyable times of my life. I was too busy laughing and enjoying their company than play the photographer. The afternoon passed too quickly, sadly. But thanks again because I missed the two of you. <3 I was also squeeing tonight because of this: Aoi has appeared! New chapter for KawaMei ! The development made me facepalm, though. I am being haunted by foxes in cute sheep's clothing! O_O Last Saturday, _ligaya_   texted me that there would be an OS gathering at Atchie's and if I wanted to meet up. Since I had not slept for 24 hours, I declined the OS but agreed to see them (I have been deprived of my harem for a month now). I visited jactinglim  's dormitory to pester her. Invaded her plurk and learned that KWMS has 5 volumes and 32 chapters. And is already licensced. T__________________T Met Eric, finally. Hee. :D Sidebar Cafe has changed my punto de Vista. XD (Yes, geeks, laugh if you get that JOKE!) My work had been getting much better now, in a sense I'm finally keeping my AHT down and helping out with the PS work. Although, this also meant Wave 1 is now disbanded. I'm out of Coachie Jude's team because of the shuffle. Was assigned to Team Rodil/Iceman with most of my former RSs (L2s) plus newbies. For some weird reason, the guy Aburatsubo-sama had been pairing me up with ended in our team. He had been constantly nagging me to get a (love)life for the last 2 weeks. And he started it off by nagging me to change my cologne scent. By the way, Aburatsubo-sama is officially now our team's OM. I don't know if that should please me or not. Now he's got more leverage now to "transform" me from a tomboy to a "sweet Coach Mhackie". >_< And he is now adding up to the people auctioning me off to finally get a boyfriend. Please, no. I want my uke, still. But maybe more of because I want to be perverse and bad-ass. Honestly speaking, I like the guy but I don't know him that well. He intrigues me because he is nice to me and I admit, he is attractive. But I don't like being pushed towards someone like that. It was bad enough with Vermont and Raymond (and that was just joke stuff) kasi malapit-lapit na rin ako mapikon. The difference was I know these guys to laugh it off. This one, I don't like the feeling of being drawn to a guy I don't even have an idea who he is. I mean, he's the type I usually find interesting but I rather know him first. Besides, my heart is no one's concern except mine. I know they were well-meaning but let me sort my baggages first. On my acads: I can't march this sem because I need a year of residency. I can finish but no diploma until next year. *sighs*  Tried the new Cruel Registration Scheme. I am praying to God I get Anthro 165. Please? Health-wise, I'm okay now. Just learning how to deal with my current status as a hypertensive and diabetic. Well, not that I am on insulin, thank God. I just have to be careful to let my BP steady and sugar not so high. I may had been on some tough spots this year but it looks like there are some good things out of them. I just hope I can still be that positive once I get to next year. D: Ah well. Good night for now. :) [EDIT] The Anthro 165 would be taught by Sir Jocano, who was my prof in Language Anthro. He is also one of my favorite profs in UP because he's just full of awesome. XD Interestingly, he is the brother of speaknoenglish  . I marvel at how small the world is. Source
 
Foreclosures, ARM's, and the BIG Mistake Top
See the L.A. Daily News article on Report Hits Close to Home , posted in the Real Estate News Section of my website . The San Fernando Valley had the highest number of foreclosures in L.A. area during April 2007. Twenty-three homes were lost to foreclosure and 289 properties were in some stage of the process. And if you read the book Sell Now , by John R. Talbott, you get the feeling "you ain't seen nothin' yet". Talbott's expecting a huge wave of more foreclosures to come and he blames in part the rampant use (abuse) of Option ARMs. He's right in the context he's referring to, i.e., that people have been buying homes they could never have otherwise afforded, and never will. Now they're paying the piper. And by making the unaffordable artificially affordable, we've managed to inflate the entire housing market...artificially. But don't throw the baby out with the bathwater! There's a right way and a wrong way to use an Option ARM. You need to understand that you can't build a castle by eating away at it simultaneously. However, Option ARMs are very appropriate when your goal is to accumulate the principal outside of just handing it over to the mortgage company . In other words, if you use the savings of an Option ARM to still make your principal payments, but make them into something (i.e. a cash or other investment account) where you can control getting it back for emergency or investment opportunities, then you haven't really failed to make your principal payments at all, have you? In fact, if you take a look at Doug Andrew's new book, The Last Chance Millionaire , and you read Chapter 7, Learn How to Become Your Own er, you'll see that this is actually a faster way of paying off a mortgage! Believe it or not, we actually recommend to many of our clients to get an Option ARM -- IF they will take the otherwise payable principal, and save or invest it. Now you're off to the races! That principal could buy other real estate, or be invested into insured investments which have a history of clearly outperforming the cost of the mortgage. That's how you use an Option ARM. Source
 

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Kids With Guns - Gorillaz Top
Off to Putney yesterday to drummygirl & internetsdairy 's wedding. It was a steamy hot day on the coach, and overall I was glad I'd travelled in mufti and carried me posh clothes to get changed into on arrival (even though it was a bit of a pain lugging the bag along - props to R for sharing the carrying, mind). Once in London, we stopped briefly for a bite of felafel in Notting Hill - thank goodness for comida arabe , so tasty and reliable! - and washed up afterwards - tasty and reliable it may be, but garlic sauce is kinda messy. Thence on to Putney, getting to the Star and Garter in just the right time to meet other early arrivers, moleintheground and angelv . By the time I'd nipped to the loo to freshen up and get changed, loads of others had arrived, too. The wedding ceremony itself was lovely - Jen & Rob obviously simultaneously moved, very happy, and kinda tickled, in a beautiful venue with all the organizational stuff running smoothly. Jen looked lovely; so did Rob, but less "dressy": Tasty food, a genuinely funny best man's speech (but then we expected no less from gideondefoe ), and lots of lovely people = an A-grade wedding. O yes, and Jen even made her own ceramic table centrepiece vases ! Big thumbs up. *** We got back to Oxford tired and happy and were in bed at a very reasonable midnight or so, meaning that getting up in good time to go plant-shopping with cleanskies was not too difficult despite the generous amounts of wine consumed at the wedding. And plant-shop we did - shrubs and bedding plants ahoy. Jrmy did the bulk of the pulling up and digging out and planting in, while I did a bit more trimming of hedge and some other useful stuff like taking the load of euphorbia remains to the tip part-way through the afternoon. The result is ace and I am much pleased - thanks again, Jrmy! yay for gardens. Two of the plants are ones that R and I were given as non-wedding presents at August Holiday, so it was particularly nice to see them planted up. I nearly did them myself earlier in the week, but then thought again when I read the label more cautiously and saw that they grow to around 6 ft. Hmm, not ones to go in the middle of the nearby bed, then! In the end one is near to a rather bald bit of fence and the other is in a gap towards the back of the garden, so we will enjoy them separately. Source
 
Nfl Tv Schedule 2009 Top
NFL TV Schedule 2009 Broadcasts Big Week 2 Clashes – Associated … NFL TV Schedule 2009 Broadcasts Big Week 2 ClashesAssociated ContentThe NFL TV schedule 2009 for week 2 gets back to the basics, now that the NFL TV schedule. botanical vitality, the face on the milk carton, … | ПОРНФОЛИО … jaffa cakes juanes concert in cuba mayweather vs marquez video replay konarka jumeirah essex house hotel nfl tv schedule 2009 true value hardware locations heidi noonan syko sam mesac damas el doctorow superman batman public enemies … Beaston Mains: Nfl Tv Schedule 2009 Nfl Tv Schedule 2009 · Clerks 2 · Tyler Hansbrough · Tracy Wolfson · Brother Speed Motorcycle Club · Firstmerit Online Banking · Mayweather Vs Marquez · San Joaquin Valley · Alan Autry · Terrence Mitchell Duckett · Twiggy … merrick bank redplum.com/eatout 50 jobs in 50 states syko sam e.l. … black brant xii all ireland football final 2009 resveratrol www.mass.gov/dua/webcert 50 jobs in 50 states resveratrol side effects man utd vs man city highlights noctilucent clouds nfl tv schedule 2009 college football scores 2009 … ufc 103 results jumeirah essex house hotel wvu auburn score … mayweather vs marquez video replay who won the mayweather marquez fight college football scores 2009 nfl weather philadelphia half marathon 2009 e.l. doctorow nfl tv schedule 2009 espn fantasy baseball redplum.com/eatout joe somebody … Oldiesall says: Oldies 60t video/txt NFL TV Schedule 2009 Broadcasts Big Week 2 Clashes – Associated Content.. http://bit.ly/13ai0C   tiptop_trends_1 says: Sentiment about nfl tv schedule 2009 is 35 %Tips & 13 %Pits on TipTop: http://bit.ly/o5UTK Re-Tip: http://bit.ly/ewiZWF  
 
Shane Mosley Calls Out Mayweather Top
Sunday morning Google trends UFC 103 Mayweather Marquez » The SAV … 14) Shane Mosley calls out Mayweather 38) Who won the Mayweather Marquez fight 51) Floyd Mayweather 54) Floyd Mayweather vs Juan Manuel Marquez video 60) Mayweather vs. Marquez live stream free 69) Manny Pacquiao 71) Miguel Cotto … More Google search trends UFC 103 Mayweather/Marquez » The SAV SCI … 16) Shane Mosley calls out Mayweather 38) Mayweather vs. Marquez video replay 86) Who won the Mayweather/Marquez fight. 50) Who won the fight last night. I’m assuming that the ‘who won the fight last night’ is referring to … rochesterturning.com » Blog Archive » President Obama's opinion … … mayweather vs marquez live stream free; mayweather vs marquez live stream free; shane mosley calls out mayweather ; shane mosley calls out mayweather ; richard alden samuel mccroskey iii; richard alden samuel mccroskey iii … Sugar Shane Mosley Calls Out Mayweather . Mayweather gets mad … Video: Get Em’: Floyd Mayweather Gettin At Shane Mosley For Trying To Play Him While Gettin Interviewed! (Shane vs Floyd Might Be Going Down Soon) Shane Mosley Calls Out Mayweather (Video) | ShowStalker Shane Mosley Calls Out Mayweather Floyd, in a most animated fashion as it happens before the fight. However this time around things. showstalker says: New Blog post Shane Mosley Calls Out Mayweather (Video) http://bit.ly/18lsh3 …   memchip says: jumeirah essex house hotel upon &copy against steinway piano prices with merrick bank across shane mosley calls out mayweather   xnewsvze says: SHANE MOSLEY CALLS OUT MAYWEATHER http://bit.ly/4bwZji   memchip says: pa unemployment claims near shane mosley calls out mayweather concerning richard alden samuel mccroskey iii regarding ken burns national   marilynnyeabee says: RT shane mosley calls out mayweather -TipTop Results http://bit.ly/3nDGaz   kinougo says: shane mosley calls out mayweather http://bit.ly/48hCTt   buzzfollow2 says: shane mosley calls out mayweather http://buzzfollow.com/17131  
 
Transitions? Top
We are in what I suspect will be the most fundamental transition Homo sapiens has ever experienced. By transition I mean a change in the ways of living so radical it constitutes a revolution. Preceded by the language revolution, the agricultural revolution, the industrial revolution, and the so-called information revolution, the current transition is hard to characterize by one single name — an evocative sound bite. If I were to try to describe it succinctly it might be called the "Evolution Revolution"! Our world is changing, mostly at our own hands, so much that the only possible transition we can make is a rapid evolution. And by that I do not mean cultural evolution alone. I mean primarily evolution of our species. The reason is that evolution, that is speciation, takes place under emerging (and long-term) stressful conditions that select for fitness in dealing with them. Fitness means individuals having certain traits, either behavioral or physical (or both) are better able to cope with the new conditions and procreate more successfully than their less fit conspecifics. Individuals having a genetic headstart, meaning possessing a specific allele ** that endows them with slightly better coping capacity, have a good chance of passing that allele on to their offspring, and over generations even better versions of the allele may emerge. Then the continuing selection pressure will assure that the allele starts to dominate in the population. Another scenario is that a drastic change in the environment can result in active selection against most members of the population NOT possessing a favorable allele, leaving only those whose "pre-adaptation" allows them to survive. Of course if no such allele exists than it can spell extinction for that species. The fact is that our world is changing rapidly and those changes are leading to highly stressful conditions for us and many other species. Are we on the verge of an evolutionary revolution as a result? Can Homo sapiens produce a new, better adapted species — adapted to what the world is becoming? The answer depends on whether or not there are individuals in the population who have pre-adapted allelic forms 1 . The two main questions about this transition are: How rapidly will the changes occur? and How radical will they be? There is a great deal of uncertainty about the changes in the physical environment due to climate changes resulting from global warming. Even though we have some startling and frightening empirical data on things like polar ice cap melting, we are still struggling with the validity of our models that produce various scenario projections regarding how bad and how soon. However, there is another major threat looming that may very well have a sooner and much more drastic impact on our species in terms of a change so radical that it could lead to an evolutionary revolution. That threat comes from the decline in net energy available to support our complex, high energy civilization. Many people in economics and politics are starting to, at least vaguely, grasp the significance of something like peak oil production. For many people, affected by Al Gore's movie, "An Inconvenient Truth", the initial concern has been on raising CO 2 atmospheric (and oceanic) concentrations due to burning fossil fuels and leading to a general average heating of the world's fluidic systems. Now it turns out that we have been burning those fossil fuels at accelerated rates for the last 100 years (or more) and depleting a non-renewable reservoir at a phenomenal rate. Now we learn that it is taking increasing amounts of energy to do the work of getting the raw fuels out of the ground, leaving less net energy to do the work of the rest of the economy. On top of that, and because of it, we are finding it increasingly unprofitable to get that next unit of energy out. It now looks pretty much like we have reached the peak of production of oil, and will before long reach the same limits for natural gas and coal! After the peak things don't look promising. As I've written elsewhere in these blogs, except for nuclear power, there is no other (renewable) energy source that comes close to fossil fuels for the purposes of running the kind of economy we have gotten used to (or as I claim, spoiled by!) The talk among these economists (e.g. Paul Krugman), commentators (e.g. Tom Friedman), and politicians (e.g. Barack Obama) now is of a transition from a high energy (carbon-based) civilization to a low energy one. In the minds of all too many people this is imagined as a civilization that in not much different from today but perhaps with more localization of production, smaller communities, using locally generated electricity from solar and wind. These communities will be dotted all over the world to replace dense urban centers which require transportation of all essential commodities from distant production centers (though imagined to be not too distant). Some urban visionaries imagine such centers will persist but the transportation bringing stuff in will be electrified rail, powered by giant thermal solar generators out in the desert. In most cases the scenarios accommodate the 9+ billion population that the UN projects for 2050. It isn't clear to me though what these visionaries picture for grappling with climate change. I think many of the same people believe that we will, as part of that transition (to smaller carbon footprints), fix global warming and avert climate disasters. We are in a transition alright. But I seriously doubt that it will be the one these many hopeful people envision. Human beings are extremely adaptive. As a species we have shown remarkable capacity to adapt to so many kinds of environments and events over history. We are extremely clever. We are inventive and often insightful when it comes to making do with what we have to work with. There is no doubt that humans have the capacity to accommodate a wide range of stressful conditions. But there is one very significant difference between all prior historical experience and what we are about to experience. For all of history the net flow of energy has been increasing in volume and power. Much of our pre-history and history is a story of finding and learning to exploit new, more potent sources of energy to supplement our simple physiological conversion of food into new biomass and the ability to move and do work. We discovered how to control fire, how to plant and harvest seeds, how to manipulate animals, how to harness water and wind for mechanical power, etc. With the discovery of fossil fuels, however, we really broke into the bank . And today we have a global population of 7.8 billion people, most of whom depend either directly or indirectly on the burning of fossil fuels for their incomes. We can't even build a nuclear reactor without a significant input from coal and oil! And the bank vault is getting spare. Oh sure there is still plenty of oil, coal, and gas underground. The problem is it is getting harder and harder to get to it. Simple laws of physics. And the principle of picking the low-hanging fruit first. It takes much more work (and hence energy) to pick the apples high in the tree. Similarly, it takes much more work to get at those diminishing supplies of fossil fuels. What is true about not being able to build a reactor without fossil fuel is also the case for alternative energy capture equipment. As of right now you can't build wind turbines or solar panels and deliver them to suitable collection sites without fossil fuels 2 . Then there is the problem of scale. Currently fossil fuels account for more than 80% of the energy flow in the US (somewhat less in other OECD countries). Hydroelectric and nuclear for about 19% and the new alternatives about 1%. How do you go from that low base to virtually replace the 80% (a lot of which is transportation) in just a decade or two. That is what it will take because the projections for the decline in fossil fuel availability indicate that after about two more decades fossil fuels will be prohibitively expensive 3 . Some commentators and politicians imagine a WWII-level effort to ramp up production of alternative power systems because of this. What it would more likely require is an order of magnitude greater than WWII effort AND redirecting most of the current energy flow from fossil fuels to the effort. The rationing of fuels for such an effort will make the rationing of rubber and fuels during WWII look like a cake walk. More and more, the likely scenario is looking to me like an accelerating downward spiral (and this doesn't take into account truly foolish reactions of violence and attempts to grab resources through war — you know, like what we are doing now!) that will diminish civilization to a meager shadow of itself, if anything that you could call civilization remains at all. And the really devastating news is that such a scenario has horrific consequences for the vast majority of people in the world. The current population cannot be sustained without massive inputs of high power energy. Modern farming depends entirely on huge inputs from fossil fuels. So does the health care system everywhere (no matter how funded). Indeed, all of our infrastructure and protection services (fire, police, etc.) could not operate without equipment (manufactured using fossil fuels) and transportation. It is a matter of time and resources. It looks increasingly like we have not enough of either. And then there really is the human psychology factor. How will we humans react to a declining energy world? Will we roll over and die without some kind of reaction? Not likely. Will we thrash out trying to preserve our own skins and screw civil behavior? Certainly an imaginable reaction. But if the rate of energy decline is fast enough there won't be time for even hoarders to get a leg up. There won't be energy supplies to fuel an army, navy, or certainly not an air force! There aren't even enough horses to have a mounted cavalry. Some people have envisioned a future in which we simply regress back through the 19th, then 18th, then 17th centuries, and so on, until we reach some kind of equilibrium, perhaps a pre-Roman style civilization. After all they didn't have fossil fuels like we do. Maybe we could live like they did before the collapse of the Roman Empire? Right. Really? The transition we are entering is global and fundamentally different from anything our species has faced before. There is no where else to go now. We can't escape to some different continent. We can't even leave our gravitational well without significant energy. This is it. We are stuck in this world with the consequences of our own past excesses and that is all there is to the story. I can imagine a future world where the population is down to a sustainable level using real-time solar energy capture to sustain a suitable civilization, even a technological one. It is feasible for humans to exist, have their comforts, their entertainments, arts, and leisure thanks to energy supplementation beyond food and shelter, at appropriate population size and in steady-state. But getting from where we are to that ideal future is going to involve a revolution — an evolution revolution. The stresses are going to be substantial. I suspect that the selection forces are going to be primarily directed at selecting against most current failings of human nature. I have written extensively about how we humans today are, ourselves, what I think is a transition species. We set on the path toward truly sapient beings, but we're at best a work in progress. The brain, particularly the prefrontal cortex, needs further physical development to boost our moral sentiments, our strategic thinking abilities, and our abilities to regulate our limbic emotions. We need to become a much wiser version of what we are now. And by 'we' I mean our genus Homo since I mean that the brain needs actual genetic improvements. Our distant progeny would be a new species, one I have dubbed Homo eusapiens , man the truly wise. I have evidence-based reasons for believing that the pre-adapted alleles are available in the population of humanity. Perhaps they are sparse, perhaps only in a weak form, but the potential is there. We just have to find them. If this scenario is even partially correct then it leaves a very important question for those of us who are thinking about what to do so save humanity. If we can see our real objective as saving our genus and realizing that our species has to evolve to meet the new environment of tomorrow, then what should we be doing now to help make survival more likely? Or do we just give up on that and either fight for our own hopeless survival or roll over and accept the extinction of Homo ? As our species is now, smart, creative, and with the glimmer of high moral sentiments, do we have the capability of facing reality when it means our demise? Do we have the courage to set aside our own selfish desires to imagine our kind going on until the Sun dies. Do we have the moral fortitude to accept the science we have embraced even when it tells us we are finished and it's time for a new start with a more adapted species? Can we, or many of us anyway, do the right thing and help prepare for a distant future that we will never see? All of us know, as individuals, that we are mortal. As we approach the end years we come to accept that mortality and, if we are concerned at all for our surviving families, we take steps to help them carry on after we are gone. This is a natural part of life that all of us face. Some probably better than others, of course. But it makes sense to plan for the futures of those we leave by investing our resources in their future. Why should it be different for us as a species?   ** Wikipedia article with some possible problems, read carefully! I thought it fairly stated the definition and description well enough to save me some typing! 1 We are talking not just about a single allele (a single gene), but most likely several important ones. Not only that we have to consider various versions of the short snippets of DNA that are not protein-coding, but part of the elaborate gene expression control program we now know to exist in much of what we used to call 'junk' DNA, the huge segments between protein-coding sections. Small changes in these control segments can have major impacts on when genes are expressed during development and hence produce significant changes in phenotypes with very little difference in genotypes. Our genome differs from that of chimpanzees by less than expected by the gross differences in behavior and body form. Part of the explanation may well involve subtle but important differences in the control networks for development. 2 I have heard there are attempts to construct manufacturing facilities for both solar cells and wind turbines using electricity generated by these technologies! I hope a lot more of this is tried. However, we shouldn't get too excited until those technologies are also being used to extract the raw materials, ship them, drive the final assembly, ship the final products, and account for their installation. The shipping is particularly interesting since it means using electrified vehicles that can be recharged based on electricity production by, say some windmill somewhere, putting the electricity into the grid. Running the main manufacturing plant using your own product is a step in the right direction, but so much more needs to be done. 3 A complicating factor is that many exporting nations (for oil in particular) are increasingly using their own products even while production rates are not rising or are even declining. That means countries dependent on imports of energy are going to be hurting far more quickly than those
 
De week in vogelvlucht......... Top
Supersnel weer gegaan deze week, daarom even een up-dateje: Maandag Eerst nuchter bloed laten prikken voor de jaarlijkse grote controle voor de suiker en met veel last weer naar de fysio geweest die de behandeling aangepast heeft naar mijn bevindingen. Dinsdag gewerkt, het lijkt erop of er steeds minder personeel rondloopt en dat klopt ook wel, want de vakantieperiode is weer voorbij zodat de hulpkrachten niet meer zoveel aanwezig zijn. Dit was ook wel te merken, hun afwezigheid dan......... komt goed (hoop ik). Heel raar, maar na amper een half uur aan het werk te zijn werd ik helemaal niet lekker, ben gaan zitten en heb aan mijn collega gevraagd om een bekertje water te halen met flink wat suiker erin. Waarom weet ik niet, maar nadat ik dat op had ging het stilletjes aan weer beter en heb er de rest van de dag geen last meer van gehad. In de avond onverwacht bezoek gehad van Mieke die gezellig even op de koffie kwam, altijd welkom en leuk! Woensdag had ik met ons moederke in spe afgesproken om samen met haar de babykleertjes te wassen en te strijken, een hele leuke bezigheid waar ik echt van heb genoten! Nog niet alles klaar maar de rest doen we snel. Ook nog een heel leuk kleedje gekocht voor op de babykamer van Winnie de Pooh Donderdag stond een bezoekje aan het ziekenhuis op het programma, jaarlijkse controle voor de suiker waarbij ik in ieder oog 3x gedruppeld werd en ik een groot gedeelte van de dag weinig heb kunnen zien, lastig maar niet meer dan dat. Vrijdag weer naar de fysio waarbij ik op aanraden van ons moederke in spe (die tenslotte ook verpleegkundige is) aangegeven aan de therapeut wat ik ondervonden had dinsdag waarbij hij opmerkte dat het ook weleens kon liggen aan een beklemming in mijn nek. Daarom heeft hij weer eens gekraakt en inderdaad, er zaten nog een paar belemmeringen. Heel voorzichtig ben ik ook optimistisch, het lijkt erop de de therapie vruchten af gaat werpen, sommige dingen gaan weer wat makkelijker al ben ik er nog lang niet, maar net wat is zeg: ik ben "voorzichtig optimistisch" ! Zaterdag zijn we saampjes met de Brabantliner naar de 50+ Beurs in Utrecht geweest, gezellig maar iedere beurs houd bijna hetzelfde in. Wel hebben ze daar mijn suiker gemeten en volgens hun was deze aan de hoge kant, 8.0 maar goed dat ik komende week naar het diabetes-spreekuur moet, kijken hoe de waarde daar is. Vroeg in de avond gezellig op de koffie bij de jongens en daarna lekker met de voeten omhoog lui op de bank . Zondag vandaag dus, eerst lekker uitgeslapen, genoten van het nog heerlijke weer, vanmiddag op de fiets naar ons moederke in spe en haar manneke gereden, lekker glaasje gedronken en wat gebuurt, daarna weer naar huis en lekker gegeten. Morgen begint alweer een nieuwe week..................(!) Voor wie het wil: " Tot gauw!" Source
 
Greg Hunter, "The Fed's Secret Money and the Media Cover-Up" Top
"The Fed's Secret Money and the Media Cover-Up" By Greg Hunter "HR 1207 is a bill, first sponsored by Congressman Ron Paul in the U.S. House of Representatives, that will audit the Federal Reserve. The Federal Reserve has never been audited in it's 96 year history. Contrary to popular belief, the Fed is not an arm of the U.S. Government but a subcontractor for monetary policy. It is the Fed that also produces the money in your pocket, thus the term Federal Reserve Note. The Bill, as of September 16, has 289 co-sponsors in Congress. If the Bill is signed into law, the Fed will be forced to open its books and show how clandestine policy decisions are made. Some of the questions Congress wants answered are: Why did the Fed give foreign bank s 500 billion dollars during the financial meltdown last year? What are the names of the all the bank s, both foreign and domestic that got bailed out, and how much money did each bank get? Why was AIG bailed out and not Lehman Brothers? The Fed has spent or committed trillions of dollars; where did the money go? These are just a few of the secrets the Fed is keeping from American taxpayers. H.R. 1207 will receive a hearing in the House Committee on Financial Services towards the end of September. Representative Alan Grayson of Florida's 8th Congressional District has been a staunch advocate of the Bill. Listen as Rep. Grayson announces the hearing on H.R. 1207, also known as "The Federal Reserve Transparency Act of 2009." I also have some questions for the mainstream media. Why is a story with trillions of dollars in secret bailout money not being covered? As a former investigative correspondent for both ABC and CNN, I know what makes a good legitimate story that will hold up to scrutiny. This is a very big legitimate story with profound implications for every American! Just last month, the Fed lost a Freedom of Information Act lawsuit in Federal Court: "Aug. 25 (Bloomberg) — The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit….The judge said the central bank "improperly withheld agency records" by "conducting an inadequate search" after Bloomberg News reporters filed a request under the information act. She gave the Fed five days to turn over documents it told the reporters it located, including 231 pages of reports, and said it must look for more at the Federal Reserve bank of New York, which runs most of the loan programs bank s are worried that the disclosure of borrowers' identities by the Fed, the lender of last resort, would cause customers to empty their bank accounts in a run on the bank , said Scott Talbott, vice president of governmental affairs at the Washington-based 'Financial Services Roundtable,' a lobbying group." The Fed has indicated it plans to appeal the case and has until the end of September to do so. Meanwhile, the biggest story in the financial history of the country is being ignored by the press. Maybe this is part of the reason the news media's credibility rating sank to a new all time low in a recent Pew Research Center poll." - Greg Hunter, http:// usawatchdog.com/the-feds-secret-money-and-the-media-cover-up/ A Comment: Present company, Mr. Hunter, excluded, you won't find a better description of todays so-called "journalists" than this: "There is no such thing, at this date of the world's history, in America, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone. The business of the journalists is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it, and what folly is this toasting an independent press We are the tools and vassals of rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes." - John Swinton, 1913 Oh yeah, "fair and balanced..." Source
 
Fantasy Football Now Top
FANTASY FOOTBALL NOW AOL Sports Fantasy Football ESPN’s Matthew Berry on “One Life to Live” Xclusive Interview | Molly Qerim – PureStyle Magazine | Music … In addition to the mainstream sports I cover fantasy sports and Mixed Martial Arts, working on MMA Live and Fantasy Football Now . I also interview all the guests that come to Bristol and cover sporting events for the site, … botanical vitality, the face on the milk carton, … | ПОРНФОЛИО … new zealand warm up match live streaming wisconsin unemployment apple picking in massachusetts shane mosley calls out mayweather black brant xii fantasy football now resveratrol side effects carrboro music festival wes welker week 2 … proantinox konarka superman batman public enemies resveratrol … superman batman public enemies fantasy football now merrick bank monster miata rich franklin vs vitor belfort fight video monster miata ufc 103. mmillonida says: Correction Fantasy Football Now not Fantasy Gameday, my apologies @therealtmr .   flying_gramma says: hot: fantasy football now http://bit.ly/17JNze   Traepoint says: Need to get Fantasy Football Now on ESPN2!! #ffn_espn   tiptop_trends_1 says: Sentiment about fantasy football now is 91 %Tips & 6 %Pits on TipTop: http://bit.ly/9PBQz Re-Tip: http://bit.ly/cb0YRV   NealStewart says: espn’s web show " fantasy football now " is way better than their TV show "sunday NFL countdown" why? no chris berman, mostly.   MelloAngeles says: ESPN.com’s Fantasy Football Now is fast becoming the best Sunday morning pre-game show.   hnic1971 says: I like @espn commercial w/Ditka & Snoop Dog. Love @espn Fantasy Football Now . Great line up of @nfl games today.   Mowder says: Watching Fantasy Football Now on ESPN.com waiting for a big Sunday of football. Thought I was set until Welker came up inactive. #ffn_espn  
 
"Carl Jung: The Holy Grail of the Unconscious" Top
"Carl Jung: The Holy Grail of the Unconscious" By Sara Corbett "This is a story about a nearly 100-year-old book, bound in red leather, which has spent the last quarter century secreted away in a bank vault in Switzerland. The book is big and heavy and its spine is etched with gold letters that say "Liber Novus," which is Latin for "New Book." Its pages are made from thick cream-colored parchment and filled with paintings of otherworldly creatures and handwritten dialogues with gods and devils. If you didn't know the book's vintage, you might confuse it for a lost medieval tome. And yet between the book's heavy covers, a very modern story unfolds. It goes as follows: Man skids into midlife and loses his soul. Man goes looking for soul. After a lot of instructive hardship and adventure — taking place entirely in his head — he finds it again. Some people feel that nobody should read the book, and some feel that everybody should read it. The truth is, nobody really knows. Most of what has been said about the book — what it is, what it means — is the product of guesswork, because from the time it was begun in 1914 in a smallish town in Switzerland, it seems that only about two dozen people have managed to read or even have much of a look at it. Of those who did see it, at least one person, an educated Englishwoman who was allowed to read some of the book in the 1920s, thought it held infinite wisdom — "There are people in my country who would read it from cover to cover without stopping to breathe scarcely," she wrote — while another, a well-known literary type who glimpsed it shortly after, deemed it both fascinating and worrisome, concluding that it was the work of a psychotic. So for the better part of the past century, despite the fact that it is thought to be the pivotal work of one of the era's great thinkers, the book has existed mostly just as a rumor, cosseted behind the skeins of its own legend — revered and puzzled over only from a great distance. Which is why one rainy November night in 2007, I boarded a flight in Boston and rode the clouds until I woke up in Zurich, pulling up to the airport gate at about the same hour that the main branch of the United bank of Switzerland, located on the city's swanky Bahnhofstrasse, across from Tommy Hilfiger and close to Cartier, was opening its doors for the day. A change was under way: the book, which had spent the past 23 years locked inside a safe deposit box in one of the bank 's underground vaults, was just then being wrapped in black cloth and loaded into a discreet-looking padded suitcase on wheels. It was then rolled past the guards, out into the sunlight and clear, cold air, where it was loaded into a waiting car and whisked away. This could sound, I realize, like the start of a spy novel or a Hollywood bank caper, but it is rather a story about genius and madness, as well as possession and obsession, with one object — this old, unusual book — skating among those things. Also, there are a lot of Jungians involved, a species of thinkers who subscribe to the theories of Carl Jung, the Swiss psychiatrist and author of the big red leather book. And Jungians, almost by definition, tend to get enthused anytime something previously hidden reveals itself, when whatever's been underground finally makes it to the surface. Carl Jung founded the field of analytical psychology and, along with Sigmund Freud, was responsible for popularizing the idea that a person's interior life merited not just attention but dedicated exploration — a notion that has since propelled tens of millions of people into psychotherapy. Freud, who started as Jung's mentor and later became his rival, generally viewed the unconscious mind as a warehouse for repressed desires, which could then be codified and pathologized and treated. Jung, over time, came to see the psyche as an inherently more spiritual and fluid place, an ocean that could be fished for enlightenment and healing. Whether or not he would have wanted it this way, Jung — who regarded himself as a scientist — is today remembered more as a countercultural icon, a proponent of spirituality outside religion and the ultimate champion of dreamers and seekers everywhere, which has earned him both posthumous respect and posthumous ridicule. Jung's ideas laid the foundation for the widely used Myers-Briggs personality test and influenced the creation of Alcoholics Anonymous. His central tenets — the existence of a collective unconscious and the power of archetypes — have seeped into the larger domain of New Age thinking while remaining more at the fringes of mainstream psychology." The rest of this (very long) article can be found here: - http:// www.nytimes.com/2009/09/20/magazine/20jung-t.html?em Source
 
The Economy: "GEAB N°37, LEAP/E2020 Report, 9/16/09" Top
GlobalEurope Anticipation Bureau "GEAB N°37, LEAP/E2020 Report: Global Systemic Crisis: In Pursuit of the Impossible Recovery" Public announcement GEAB N°37 (Septembre 16, 2009) "Before this summer, LEAP/E2020's team announced that there would be no recovery in sight in September 2009, and not until summer 2010 in any event. Well indeed, contrary to the claims of the media, and financial and political circles, we confirm our anticipation. The slowdown in the speed of collapse of the global economy, at the origin of all the "good news", is only due to the world's enormous public financial effort of the last twelve months. But the "time saved" using taxpayers' money around the world should have been dedicated to redesigning the international monetary system at the heart of the current systemic crisis. Yet, besides a few cosmetic considerations and huge gifts to US and European bank s, nothing serious has been undertaken, and, when it comes to the future, the "every man for himself " rule prevails. Now, as summer 2009 comes to a close, and as the three rogue waves start impacting the global economy hard (unemployment bank ruptcies and monetary shocks, the time to mend the system, or to prepare for a soft transition towards a new global system, is over. The first signs of a major decoupling are beginning to appear: the rest of the world is rapidly moving away from the Dollar zone. There is a 95 percent chance that 1,000 billion new USDs will be printed in a very near future... not very attractive for the Dollar zone. Inconsistent statistics reflect a chaotic world economy: We are heading straight to the phase of geopolitical dislocation expected to begin in the fourth quarter of 2009. In this issue of the GEAB, our team analyses the trends at work (real estate market, strategic issues…) within the current chaos resulting from a flood of unchecked public expenditure and a persistently uncontrolled financial system in a context of growingly inconsistent statistics. Paradoxically, dislocation has become, according to our researchers, the only way to economic recovery (a recovery that will take place around a global architecture and interaction between economic, social and financial spheres profoundly different from anything we knew in past decades. Our team believes that the first features of the "post-crisis world" should begin to appear by summer 2010 and, in the coming months, they will dedicate themselves to their identification. Meanwhile, as anticipated in the previous editions of the GEAB, no one can now construct a true picture of today's global economic situation as macroeconomic figures are more and more contradictory or simply absurd. Measurement data and instruments have been so manipulated and limited to a volatile US Dollar as sole benchmark, that no government, international organisation or bank can now tell in which direction the global system is heading. The media reflect this chaos and contribute to their readers'/auditors'/viewers' bewilderment: depending on the day, or even the hour, that they give contradictory news on finance, economy or currency. Policy makers, entrepreneurs, employees,… economists or analysts… are reduced to Pascal's wager to assess what will happen in future months. Click image for larger size. According to LEAP/E2020, the chart above tells about facts that cannot be ignored: the global economic, financial and monetary system is drifting at an increasing rate, its weakness is reaching unequalled lows in modern history, and the slightest shock (financial, geopolitical or even natural) can now break it apart. The States' breathtaking plunge into bottomless public debt (governments feel that, without the support of public money, world economies would soon resume their collapse) is creating a literally explosive situation, conveying massive tax increase in Japan, Europe, the US… If there is any recovery in sight, it is that of tax. As a matter of fact, confronted to historic unemployment rates and a free-falling economy, Japanese voters decided to dismiss their decade-old leaders: they have probably inaugurated the great political upheaval of the next phase of the crisis. This summer, the Obama administration was also surprised to discover the importance of the popular anger which focused on his health system reform programme (though a much needed one). Here is a very illustrative analogy of the crisis today that imposed itself on our researchers: a rubber ball in a staircase. It seems to rebound on every step (then giving the impression that the fall has stopped) but it falls even lower on the next step, "resuming" its collapse. "Disoriented" economic players and policy-makers: Of course, all this doesn't create a favorable investment climate for business. Production capacity is under-used everywhere in historic proportions. Stocks are only renewed at a drip-feed rate (eliminating any hope of a recovery based on their replacement). Consumers have become realistic economically: no money, no purchase. Their salaries fall when they haven't simply been lost through job losses, the bank s don't lend any more because they know that they themselves are still insolvent (despite the "golden" powder thrown in the eyes of public opinion these last months). The state itself, on its own, cannot substitute itself for the frenetic consumerism of the past. In the US, a return to the previous state would require about USD 2,500 billion pumped into the economy each year. Barak Obama's stimulus package, less than USD 400 billion a year over two years is far from the amount needed if he has to replace the non-spending of households and businesses. The problem is that this is exactly the present situation of the US economy. But the US are not alone in this regard. Asia and Europe are also confronted with a drastic unemployment surge that statistical manipulation cannot hide beyond this summer: jobless no longer entitled to unemployment benefits, youngsters placed in waiting internships or jobless recruited for short-term public construction projects, lay-offs postponed by means of short-time allowance measures, plants artificially maintained in activity thanks to public funds,… from Beijing to Paris, in Washington, Berlin, London or Tokyo, every trick is being used to hide the situation as long as possible… until the recovery arrives. Unfortunately, the recovery will not arrive in time. It's Blücher instead of Grouchy. Instead of a recovery in September, the world is suffering the impact of this summer's three rogue waves: • massive unemployment, for people soon to be excluded from further benefits in particular, and its disastrous consequences for nations' political and social stability, are beginning to appear. • the number of bank ruptcies (companies, municipalities,…) and deficits of all sorts, are exploding. • and, of course, the impact of all this on the US Dollar, Treasuries (and the UK, suffering collateral damage) . The first wave already reached the shore at the end of summer 2009. The second one is coming up. And the third is beginning to appear on the horizon. In any event, if the Eurozone and Asia are in a better situation to face up to the impact of these waves (as already analyzed in GEAB N°28 of last October), their situation is not so good that they can expect a recovery yet. It is however on the US, the Dollar and US Treasuries on the one hand, and on the UK and the Pound on the other, that the consequences of the three waves will be harder. Mid-summer night dreams also have an end!" - http:// http://www.leap2020.eu/GEAB-N-37-Contents_a3798.html Source
 
The Economy: Mike Whitney, "The Post-Bubble Malaise" Top
"The Post-Bubble Malaise" by Mike Whitney "We keep hearing that "The worst is behind us", but the spin doesn't square with the facts. Sure the stock market has done well, but scratch the surface and you'll find that things are not as what they seem. Zero hedge--which is quickly becoming the "go-to" market-update spot on the Internet- recently posted an eye-popping chart which traces the Fed's monetization programs (Quantitative Easing) with the 6-month surge in the S&P 500. The $917 billion increase in securities held outright equals the Fed's $1 trillion increase to its balance sheet. In other words, the liquidity from the Fed is following the exact same trajectory as stocks, a sure sign that the market is being manipulated. Surprisingly, traders seem to know that the Fed is goosing the market and have just shrugged it off as "business as usual". Go figure? Perhaps it pays to take a philosophical approach to market rigging. Who needs the gray hair anyway? The result, however, has been that short-sellers (traders betting the market will go down) who have placed their bets according to (weak) fundamentals, have gotten clobbered. They appear to be the last holdouts who still place their faith in the unimpaired operation of the free market. (Right!) Here's how former hedge fund manager Andy Kessler sums it up in a recent Wall Street Journal article, "The Bernanke Market": "By buying U.S. Treasuries and mortgages to increase the monetary base by $1 trillion, Fed Chairman Ben Bernanke didn't put money directly into the stock market but he didn't have to. With nowhere else to go, except maybe commodities, inflows into the stock market have been on a tear. Stock and bond funds saw net inflows of close to $150 billion since January. The dollars he cranked out didn't go into the hard economy, but instead into tradable assets. In other words, Ben Bernanke has been the market." So, the Fed has given a boost to stocks while keeping the bond market priced for deflation. That's quite a trick. One market is flashing "recovery" while the other is signaling "contraction". Bernanke has worked this miracle, by simply changing the definition of "indirect bidders" (which used to mean "foreign buyers" of US Treasuries) to mean just about anyone, anywhere. Here's an explanation of this latest bit of chicanery from the Wall Street Journal in June: "The sudden increase in demand by foreign buyers for Treasurys, hailed as proof that the world's central bank s are still willing to help absorb the avalanche of supply, mightn't be all that it seems. When the government sells bonds, traders typically look at a group of buyers called indirect bidders, which includes foreign central bank s, to divine overseas demand for U.S. debt. That demand has been rising recently, giving comfort to investors that foreign buyers will continue to finance the U.S.'s budget deficit. But in a little-noticed switch on June 1, the Treasury changed the way it accounts for indirect bids, putting more buyers under that umbrella and boosting the portion of recent Treasury sales that the market perceived were being bought by foreigners." ("Is foreign Demand as Solid as it Looks, Min zeng.) Pretty clever, eh? So, if the Treasury doesn't want dupes like us to know when foreign demand drops off a cliff, they just twist the definitions to meet their needs. My guess is that the Fed is building excess bank reserves (nearly $1 trillion in the last year alone) with the tacit understanding that the bank s will return the favor by purchasing Uncle Sam's sovereign debt. It's all very confusing and circular, in keeping with Bernanke's stated commitment to "transparency". What a laugh. The good news is that the trillions in government paper probably won't increase inflation until the economy begins to improve and the slack in capacity is reduced. Then we can expect to get walloped with hyperinflation. But that could be years off. For the foreseeable future, it's all about deflation. No matter how you look at it, the economy is on the ropes. Yes, there should be a rebound in the next few quarters, but once the stimulus wears off, it's back to the doldrums. According to David Rosenberg of Gluskin Sheff, "All the growth we are seeing globally this year is due to fiscal stimulus.... For 2010, the government's share of global growth, by our estimates, will be 80 per cent. In other words, there are still very few signs that organic private sector activity is stirring." The question is, how long can the Obama administration write checks on an account that's overdrawn by $11 trillion (the national debt) before the foreign appetite for US Treasurys wanes and we have a sovereign debt crisis? If the Fed is faking sales of Treasurys to conceal the damage- as I expect it is- we could see the dollar plunge to $2 per euro by the middle of 2010. Imagine pulling up to the gas pump and paying $6.50 per gallon. Ouch! That should be revive the economy. For the next year or so, the demon we face is deflation; a severe contraction exacerbated by household deleveraging and big financial sector defaults. The Fed's money-printing operations just can't keep pace with a capital hole that continues to expand from delinquencies, foreclosures, and failed loans. Workers have seen their credit lines cut and their hours reduced, households are $3 trillion above trend in their debt-to-equity ratio, and unemployment is soaring. Industry analysts expect a $1.5 trillion cut-back in credit card spending. That's why Bernanke is firehosing the whole financial system with low interest liquidity, to stimulate speculation and reverse the effects of a slumping economy. Here's a clip from an article in the UK Telegraph: "Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation..." Similar concerns have been raised by David Rosenberg, chief strategist at Gluskin Sheff, who said that over the four weeks up to August 24 bank credit shrank at an "epic" 9pc annual pace, the M2 money supply shrank at 12.2pc and M1 shrank at 6.5pc. "For the first time in the post-WW2 [Second World War] era, we have deflation in credit, wages and rents and, from our lens, this is a toxic brew," he said. (Ambrose Evans-Pritchard, "US credit shrinks at Great Depression rate prompting fears of double-dip recession", UK Telegraph). The Fed has pumped up bank reserves, but the velocity of money has sputtered to a standstill. There won't be an uptick in economic activity until consumers reduce their debt-load, rebalance their personal accounts and find jobs. That's a long way off, which is why San Francisco Fed chief Janet Yellen sounded more like Nouriel Roubini in this week's presentation "The Outlook for Recovery in the U.S. Economy" in S.F.: "With slack likely to persist for years, it seems likely that core inflation will move even lower, departing yet farther from our price stability objective. From a monetary policy point of view, the landscape will continue to present challenges. We face an economy with substantial slack, prospects for only moderate growth, and low and declining inflation. With our policy rate already as low as it can go, it's no wonder that the FOMC's last statement indicated that 'economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.' I can assure you that we will be ready, willing, and able to tighten policy when it's necessary to maintain price stability. But, until that time comes, we need to defend our price stability goal on the low side and promote full employment." That's from the horse's mouth. Recovery? What recovery? The consumer is maxed out, private sector activity is in the tank, and government stimulus is the only thing keeping the economy off the meat-wagon. Bernanke might not admit it, but the economy is sinking into post-bubble malaise." - http:// www.sott.net/articles/show/193535-The-Post-Bubble-Malaise Source
 
"Another $100 Billion in Bearer Bonds Seized on Italian Border?" Top
"Another $100 Billion in Bearer Bonds Seized on Italian Border?" by Sonia Sirletti and Elisa Martinuzzi "The U.S. Secret Service is examining more than $100 billion of U.S. government bonds confiscated in northern Italy in August, just two months after $134 billion of allegedly fake securities were seized in a nearby town. The Secret Service is analyzing whether the bonds taken in August may be counterfeit, said a spokeswoman for the U.S. embassy in Rome. Italy's financial police in Varese, north of Milan, arrested two individuals carrying the securities in a briefcase, according to a person involved in the case. The two men currently are in custody as prosecutors in the town of Busto Arsizio carry out their investigation, the person said. The seized notes include securities with face values of $500 million and $1 billion, Italian daily MF reported today, without saying where it got the information. "There must be a well-organized group behind these alleged crimes," Fabio Polimeni, a Milan lawyer specializing in counterfeiting cases, said. Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. * The two men later disappeared and the case is still under investigation. The U.S. government bonds found in the false bottom of a suitcase carried by the men were fake, a U.S. Treasury spokesman said June 18. "As financial markets become more sophisticated, creative and bigger, we can expect criminal activity to go with it and it's happening everywhere," Livia Oglio, a Milan lawyer, said. "The amount seized is phenomenal." Since the beginning of the year the police at border stations in Italy have seized 1.7 million euros of genuine money and bonds, and have confiscated more than 100 million euros of bonds that have been determined to be false, according to an Italian finance police statement in July." To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net - http:// www.sott.net/articles/show/193533-U-S-Authorities-Probing-100- Billion-of-Bonds-Seized-in-Italy-Following-134-billion-Seized-in-June * The story of the earlier seizure is here: http:// coyoteprime-runningcauseicantfly.blogspot.com/2009/06/karl-denninger-1345-billion-bearer.html Karl Denninger: "You're not going to walk into a bank with $130 billion in bearer bonds and cash them. Nor are you going to sell a bond with a $500 million face value to someone without them authenticating it. They will be authenticated before you get one dime out of them - no matter who you think you're going to "give" them to. So if they're fakes and you're "just screwing around", there is no reason to hide them. Nor is there any particular reason to have authentic and recent original bank documents in your luggage with them, as has been reported. Next, unless someone knew you were smuggling them, why would you be subject to that sort of search? What made the people involved "interesting" to the authorities? This doesn't sound like a random stop to me; how many people are carrying $130 billion in bearer bonds at any given point in time? No, someone was tipped off that this was happening. Now why would you bother to stop them here, prior to their attempted delivery of such instruments, if they were fake?" - http:// market-ticker.denninger.net/archives/1119-The-Saga-Of-The-Bearer-Bonds.html Real bearer bonds must be authenticated before they're cashed in. Why smuggle fakes that are worthless? So the question then becomes, who has the capacity to acquire $100 billion in bearer bonds? And why smuggle them, instead of processing them on the open market? Source
 
"Minsky Minimum Wages, After the "Minsky Moment" Top
"Minsky Minimum Wages, After the "Minsky Moment" by Rutabaga Ridgepole "Steven Mihm, the Boston Globe's econ correspondent, has posted a relatively long appreciation of the economist Hyman Minsky, also recently celebrated by Paul Krugman and Joseph Stiglitz for predicting the "Minsky moment" when capitalism more or less melted down after Wall Street's fourth biggest investment bank , Lehman Brothers, collapsed in September, 2008. Minsky charted a progression of financial markets beginning with predominantly conservative borrowers, who can cover the interest on their loans and pay down the principal out of income. These solid citizens are succeeded by speculative borrowers whose income only covers interest, and then by Ponzi schemers, who can only pay the interest on their loans by borrowing more money. When financial markets were dominated by Ponzi borrowers, Minsky predicted that the failure of one big player could bring down the whole system, and that's exactly what happened when Lehman failed in September 2008: a Minsky moment. So Hyman Minsky predicted the mess we're in more accurately than anybody else, and you might think that his prescription for fixing this mess would enjoy more respect than the prescriptions of boneheads like Larry Summers and Tim Geithner and Ben Bernanke, who never saw it coming. But Minsky's influence is still minimal, and intelligent readers can probably figure out why from Steven Mihm's excellent summary in the Boston Globe... 'The preferred mainstream tactic for pulling the economy out of a crisis was - and is - based on the Keynesian notion of "priming the pump" by sending money that will employ lots of high-skilled, unionized labor - by building a new high-speed train line, for example. Minsky, however, argued for a "bubble-up" approach, sending money to the poor and unskilled first. The government - or what he liked to call "Big Government" - should become the "employer of last resort," he said, offering a job to anyone who wanted one at a set minimum wage. It would be paid to workers who would supply child care, clean streets, and provide services that would give taxpayers a visible return on their dollars. Such a program would not only help the poor and unskilled, he believed, but would put a floor beneath everyone else's wages too, preventing salaries of more skilled workers from falling too precipitously, and sending benefits up the socioeconomic ladder.' "Sending money to the poor and unskilled first!" But the boneheads who made this mess put Goldman Sachs at the front of the line, and the poor and unskilled... nowhere." - http:// tpmcafe.talkingpointsmemo.com/talk/blogs/rutabaga_ridgepole/2009/09/ minsky-minimum-wages-after-the.php?ref=recdc Source
 
"The Right Way to Fix Wall Street" Top
"The Right Way to Fix Wall Street" by Henry Blodget "The Fed has apparently gotten so frustrated with the Obama administration's inability to bring change to Wall Street that it's taking matters into its own hands- parachuting Fed regulators into the bowels of bank s to make sure their compensation policies don't encourage inappropriate risk-taking. We're all for more intelligent Wall Street compensation policies. But these should come from Wall Street, not Washington. Back in the very old days, before everyone decided that letting Lehman fail was the biggest mistake made in the history of government, before Washington started to pretend that it could control everything that happened in the economy, there was a pretty good system for regulating Wall Street risk-taking: Let stupid firms fail. We need to get back to that. Yes, the fact that the "stupid firms" this time around included most of Wall Street shows that special rules of financial bank ruptcy should apply so the whole system doesn't collapse. But the firms need to be allowed to fail. What should the special rules of financial bank ruptcy be? • Managements should be tossed. • Compensation contracts and other liabilities should be torn up. • Bonus pools should be zeroed until the firms return to annual profitability. • Equity and preferred holders should be wiped out. • Junior bondholders should get a major haircut through the immediate, forced conversion of debt to equity. All of this should happen not over years in the courts, but overnight- in the manner in which the FDIC seizes failing bank s. In such proceedings, all of Wall Street's idiocy enablers will lose their shirts: The folks who work at the firms, the folks who lend money to the firms, the folks who invest in the firms and trust the firms' managements to be something other than morons. Losing your shirt generally has a sobering effect on decision-making. As long as managers, lenders, and shareholders know they will lose their shirts, the next generation of Wall Street enablers will likely be far more careful and demanding than their predecessors, at least for a little while (and don't hallucinate that the Fed's new policy is anything other than temporary). Instead of trying to stick a bureaucrat mini-pay czar in every bank to micromanage compensation, therefore, the Fed should simply develop a clear set of rules for what it will do to firms that fail (all of the above). Once the government sends a clear message that this is the fate that will befall any firm that gets itself into trouble, there will be a lot of sobering up on and around Wall Street. And that should have a quick and profound impact on compensation, without the Fed having to get involved. Lloyd Blankfein and Pete Peterson, both of Wall Street, have recently floated some intelligent compensation practices designed to boost the long-term value and health of Wall Street firms: • long-term versus short-term incentive plans (comp based on multiple-year performance). • heavy emphasis on equity versus cash comp (screw up and you'll go down with the ship). • restrictions on sale of equity comp (execs have skin in the game). • clawbacks (to discourage traders who have made a fortune in prior years to bet the firm in the next one). These are all good ideas. They will help build sounder, stronger, smarter firms. If the policies are transparent and rigorous, they should also lead to higher stock prices, as investors recognize which firms have smart incentive plans and which are being reckless and dumb. Meanwhile- and here's the real role for government on Wall Street- the Fed and Treasury should also drastically limit the amount of leverage Wall Street firms and bank s are allowed to take on. In the years leading up to the collapse, 30X-40X levered bets became the norm. As any weekend gambler can appreciate, it's not hard to go bust when you can borrow $30-$40 on margin for every dollar you have- and it's easy to borrow that $30-$40 when the folks lending it to you know that the government will guarantee them against any losses. 10X-15X leverage limits seem more reasonable, and lenders should actually be putting real money on the line (And this, too, of course, will have a dampening affect on compensation). Also, firms should be required to disclose every conceivable liability and factor it into their leverage calculation, including derivatives exposure. There shouldn't be any "off-balance sheet" assets or special-purpose vehicles, at least not any that could have a material impact on the firm's capital ratios. In short, Washington's Wall Street "fix" should be two-fold: 1. Encourage Wall Street to reform its own compensation policies and behavior by making clear what will happen to firms that get in trouble, and 2. Reduce the likelihood of disaster by setting simple, clear leverage limits. If we do that and firms still blow themselves up, then so be it. The financial system will be insulated, and Wall Street's lenders, shareholders, employees, and managements will have only themselves to blame." - http:// www.businessinsider.com/henry-blodget-the-feds-pay-caps- another-terrible-washington-idea-2009-9 Source
 
Are we guilty of over abstraction? Top
What makes humans different from other animals? All mammals and birds form representations of things in the world in their brains. It is doubtful that other animals assign "names" to these things. The representation in neural encoding is its own index. This is essentially what we mean when we say we see something in our mind's eye. We are activating the representation directly. But, we humans go beyond this direct representation and also assign an abstract , second order representation to index the thing-itself representation. That is we give it a name, a more compact representation, presumably encoded in the language area of neocortex (as opposed to the visual cortex). This is the basis of language ability — to be able to talk about the thing or hear someone else talk about the thing. [We might interpret the fact that some chimpanzees, gorillas, and even parrots(!) have been trained to associate symbols (hand language or symbols on a computer screen) with very primitive language expression that these animals have some simple abstraction capacity. After all, our capacity to form true abstractions had to start somewhere.] Arguably, however, an even more significant differences between human and all other animal mentation is the capacity for recursive abstraction. That is, we not only assign abstract symbols (like words or pictographs) to represent real things, relations, and events in the world, but we also manipulate those abstract representations coming up with even more abstract symbols to represent relations between our abstract representations! For example, we can classify all words referring to objects as "nouns", the name for all such words is an abstraction once removed from the object abstractions (names of things). Moreover, we can manipulate these abstractions of abstractions to form even higher order abstractions, e.g. we can talk about grammars as rules for how to use nouns (and verbs, etc.) without any reference at all to the basic word representations and certainly no reference to specific 'thing' representations. Our ability to create new abstractions from combinations of lower-level abstractions is seemingly endless. It is based on a recursive operation that is one of the new tricks that the human brain has mastered. We use it to build mental models of the world and conceptualize rules for how that world works. Our creativity allows us to construct novel manipulations and play "What-If" games in our heads. The problem with recursion is knowing when to stop! Could it be that we have gone overboard? Is one of humanity's mental problems in dealing with the real world (e.g. denial of global warming) that we have a tendency to go too far in abstracting already existing abstractions? Essentially what I am asking is, have we gotten so abstract in our ways of thinking that we can no longer refer back to what is happening in the real world for confirmation that our beliefs are veridical? It would be like saying that we have constructed mental representations of names for things that don't actually exist, but now we think of those things as a reality in themselves. Consider how easily people cut off in their minds the linkage between the steak wrapped in plastic in the butcher's case and the steer that was raised in miserable conditions, that had to be slaughtered, butchered, and transported in many pieces to the grocery store for them to buy and consume. None of this is abstract, yet it is easy to ignore when picking out that perfect cut for the barbecue. The grocery store as our source of food is a metaphorical abstraction. We've been so good at creating and manipulating abstractions that we now believe in non-metaphorical realities that do not conform to physical reality. Unlike other metaphorical realities, fictions, we create for merely entertainment value, these realities are accepted as actual reality. And we are willing to risk our existence on those beliefs. I want to explore this conjecture a bit more. First I will give you a couple of examples of 'good' recursive abstraction, that is where the process is generally a 'good' thing and in which there is always a way to reference back to physical reality, thus assuring veridicality. Then I will offer some examples of where I think we might be too inclined to over-abstraction with a result that is problematic, and we can discuss the consequences of the latter. I've already mentioned language as an expression of recursive abstraction. Our ability to form complex sentences that go beyond merely describing things and beyond describing relations between things, but can also describe higher-order abstractions (like the noun) and relations between these, is at the root of some of our crowning glories in the expansion of knowledge. Two examples come immediately to mind. Mathematics and science are spectacular achievements based on the ability to abstract and manipulate abstractions forming higher-order abstractions. In my series on I expound on the ultimate abstraction of science and math in the sense of being able to describe these in a completely abstract form. Mathematics is a system of symbols used as abstractions, for example using variables to represent some parameters or equations and relations to represent relationships, with a well developed set of rules for manipulating these symbols so as to derive other abstractions. Mathematics, in all its various forms, is a formal language. Formal means that the use of the rules is very strict (consistent). Interestingly, there is a slight (and surprising) hitch in mathematics that fortunately only shows up at the fringes — that the system might be consistent, but it cannot be complete, or vice versa, (see: Gödel's Incompleteness Theorem ) in the sense that one can prove all true theorems in the same system. That little hitch isn't much of a problem for the practical use of mathematics, but it is interesting to pure mathematicians and philosophers. Even with this interesting hiccup, math is still an extremely useful, productive way to drive abstraction to stratospheric levels. Math is the language of science. All of the sciences use mathematics in multiple different ways to express statements about the nature of the world at all levels. This can be as simple as algebraic expressions relating various variables in a dynamic process (e.g. Newton's Laws of Motion, F = ma ), or as complex as mathematical models of complex processes composed of multiple partial differential equations (calculus) that can only be solved by advanced computation. Computer models are, in some sense, the penultimate in abstractions since they are the result of the aggregation of more abstraction than any one human mind can accomplish and no single human could ever 'run' such simulations in their heads. Math and science can be viewed as systems of extreme abstraction that have been shown repeatedly to 'work' in the sense of producing practical results. Philosophy is another formal system of abstraction that preceded math and science (at least the logic part of philosophy is formal), but taken as a whole is too dependent on ambiguous language and mentation (argument) to produce consistent results. How many schools of philosophy that have been at odds with one another have been started? The branches of science and math don't compete with one another. And when there are seeming incompatibilities between any two or more sub-branches, there are formal methods for resolving the conflict. Again, these have proven to work time after time. So, while I consider philosophy to be an important endeavor to keep the mind sharp and working well, it is not an adequate method of recursive abstraction that is reliable or always tracked back to the grounding in reality. Now for some examples of rather poor abstraction that has gotten us into some serious trouble. My first example is money. Once long ago, the value of things could be determined rather straightforwardly based on the thing's contribution to survival and perhaps (after survival was assured) pleasure. But gross things, like cows and bushels of barley, are difficult to trade and even keep track of. So somewhere in Mesopotamia sometime after agriculture got going, some bright bulbs started creating markers (symbols pressed into clay slabs) representing quantities of goods of value (see: Wikipedia's History of Money ). The markers were abstractions. They worked because the represented something real in the minds of the farmers and accountants. Simple enough. People in Sumer and Ur and throughout the Middle East as well as other parts of the world, developed trading methods based on the markers. You deposited your quantity of barley in a granary, received a 'chit' marking the 'value' and later you could use the chit to buy back your grains or convert the value into something else you needed. It still worked because it wasn't that far from the old direct barter system — just a hell of a lot more convenient. But things have gotten bizarre since then! One of my earlier blogs provided a different way of looking at money ( What is money, really? ) as being information about the amount of usable energy that was available to do useful work — a physicist's perspective, if you will. This viewpoint actually takes us back to the original idea that money (those markers in clay tablets) ought to represent the actual survival/enjoyment value of things rather than some abstract market value that no one has a clue about connection to reality. I will be writing a good deal more about money in its current incarnation, especially in its form called debt, in future blogs. Here I just want to point out how incredibly abstract we have gotten in our thinking about wealth, denominated in monetary terms. Tell me, exactly what is a collateralized debt obligation (CDO) worth in terms of survival/enjoyment value? Our financial economy system (as opposed to the so-called 'real' economy where we make things that we use to survive and enjoy) has gotten so over abstracted that no one, not the economists, not the boys on Wall Street, or the investment bankers, or the politicians, or the Fed chairman and his minions — no one knows what the hell anything is worth any more. And it has had a devastating effect on valuation of real things like houses and infrastructure. Today's concept of money is so abstract (in fact money is treated as a commodity without any intrinsic value at all!) that the reality of the financial world is as much about religious beliefs as about anything called economic science (the latter now widely acknowledged as an oxymoron). Stay tuned over the next several weeks as I steep myself in biophysical economics and explore the evolution of our conceptualization of money and how disconnected from physical reality it has gotten. While we are on the topic of economics (as a study) lets mention that that particular discipline has gotten so out of touch with reality that the practitioners' guidance of policy decisions, by poor deluded politicians, has become downright dangerous. Nay, not just dangerous, suicidal! As I read Paul Krugman's Sept. 2 nd article in the New York Times it became abundantly clear to me that NO economists, even the ones who supposedly predicted this economic debacle, has any real idea about what is going on. Krugman, at least, understands that markets are not perfect, but he falls short of recognizing that the real underlying problems with the economy is that we have finally reached fundamental limits to growth and resource extraction. Krugman, Nobel prize winner, is apparently a Keynesian. someone who believe that the government should pump lots of "money" into the economy to save jobs and stimulate spending! My god, what a delusion! A formula for disaster if ever there was one, given that net energy flow into the economy is declining. Krugman, like all non-biophysical/ecological economists believes in growth. And he has his own ideas (different from the Obama crowd) as to how that can be accomplished. Economics is one of those fields that deals in over abstraction. Early economists like Leon Walras were entranced by the spectacular achievements of physics with its mathematical models. Some have coined the term "physics envy" to describe the desire that economists had for developing elegant mathematical formulations describing the "laws" of economics, and this is probably accurate to some degree. Economists are enthralled with the perfection of mathematics as a method for abstracting the underlying processes of economic activity and then manipulating those abstractions (in accordance with strict mathematical rules) to make predictive pronouncements about the way the economy works and will work in the future. The problem is that none of these deep thinkers bothered to check whether their math made sense! Until people like Kahneman and Tversky started questioning the basic assumptions of rational agents in the standard models of economics (see: Behavioral economics ) there was very little attempt (within classical economics) to check with reality (to be fair many economics PhD candidates spent years collecting data from favorable periods that seemed to confirm economic models, but there are statistics and then there are statistics!). Today economics is a religion rather than a science. Anything that doesn't conform to orthodoxy is not recognized (the psychological data about how humans are anything but rational agents is getting harder and harder to ignore!) Politicians have yet to figure this out so, for the time being, economists still have power (look at Bernanke, Geithner, and Summers as examples). But it can't last forever. Physical reality has a way of forcing itself into our consciousness even when we try hard to ignore it. Incidentally, the so-called Nobel prize in economics is actually not recognized as a true Nobel science award. It is called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel . It is highly regarded by economists, naturally, but is not now, nor ever was a recognition for 'scientific achievement'. Just so you know. Well, speaking of religion... One of the most profound and dangerous abstractions humans have engaged in is convincing themselves, and firmly believing, that they are something so special in the world that they have transcended nature completely. The human mind, as epitomized in Descartes' philosophy, for example, and in the teachings of most religions, is beyond natural law. We have extraordinary powers of reason and mentation that do not depend on bodily functions to exist. We have convinced ourselves that we have an immortal soul that exists beyond the death of the body. Never mind that no one has ever shown this with evidence. But just about everybody believes it. Those who claim it isn't so are called atheists, and I have to wonder how they know any more than believers what the 'truth' is. I will be the first to proclaim that humans are unique in the animal kingdom. We have evolved an extraordinary brain that can do things, like recursive abstraction, that, apparently, no
 
Stimulus package? Stimulate this! Top
More economic indicators are being claimed to provide evidence that the economy is stabilizing. No doubt the administration is going to spin this as showing that the enormous Keynesian stimulus package that Geithner, Summers, et al. and the duplicitous Congress put together is working. And maybe they are right, up to a point. But what exactly does it mean to say that it is working? A big chunk of the package was actually a bailout of the financial system, particularly banking, after the horrendous consequences of the sub-prime meltdown and housing bubble burst demonstrated how exposed that whole industry was. Banks of all kinds have failed and there are still a huge number of toxic assets on the books of too many remaining. The commercial real estate debt is still to be dealt with and with back-to-school sales down, Christmas orders down, and people, in general not spending, the retail business looks bleak. What happens when the businesses that pay rents (and hence service the mortgages) on those commercial properties fail? There are already huge swaths of commercial office space empty. What will happen when the banks have to take back such properties? And all the while the government is writing checks to the banks to keep them solvent (money coming from government debt extension) banking executives are paying themselves huge bonuses for being so successful at staying afloat. Hey, why not? They deserve it don't they. Never mind that the purpose of saving the banking system, so they could make loans to keep business running, hasn't exactly panned out. Just keeping these toxic waste dumps afloat is cause for celebration. Speaking of foreclosures, the number of homes going into foreclosures this year is expected to exceed last year's number, 1.4 million, by one estimate. The government was putting a big chunk of money into helping home owners (actually that term is an oxymoron isn't it!) through various non-bankruptcy restructuring of mortgage debt. Apparently that program is overwhelmed. Meanwhile job losses are still going up and even prime loan borrowers are being hit by loss of income. Another big chunk of bailout went to GM and Chrysler (Ford apparently had been a bit more prudent and didn't need the help, for now). They both eventually went into bankruptcy/reorganization despite vociferous protestations not that long ago that doing so would destroy people's confidence in their ability to maintain, and hence kill future sales. My bet is that when the reality that the Volt is too expensive, too costly to maintain, and doesn't, in fact, get the equivalent of 230 miles to the gallon (when all energy inputs are considered), that will not help consumer confidence one bit. Gasoline prices hover close to $3.00 a gallon in the US at present, and oil is still over $60.00 per barrel. That is applying significant pressure to the transportation sector. When consumers purchase cars these days, and that isn't often, they are still conscious of gas savings, meaning the car companies are selling lower profit-margin fuel efficient vehicles. And 'Cash-for-Clunkers'? Every democrat hails it as a huge success while every republican despairs at the costs (as if they had done a wonderful job of balancing the budget when they were in power!). It is a huge giveaway with the weak rationalization that it will help reduce CO 2 emissions while at the same time boosting car sales (to help out the auto makers and dealers). It may help a tiny fraction on both counts, but is probably insignificant compared with the massive scale of both problems. In the end, trying to reboot the car economy is possibly as big a waste of money as the bank bailout. And what was this stimulus package/bailout supposed to do? Why restart the consumer economy and get it back into a growing state of course. The idea that a growing economy is the only healthy economy is so deeply entrenched in our neoclassical economic thinking that to consider any other situation, like a recession, is absolutely unacceptable. In fact the average pundit can't even imagine any other perspective. It's like a law of nature: Growth produces jobs; jobs mean people have good credit and can borrow money to buy stuff. The more they buy the more growth and more jobs created. And as long as the population is growing, we need more jobs. They buy cars and SUVs and trucks and bigger houses. All that stuff has to be produced and retailed and those jobs are reasonably paying. Everything goes up, up, up. And so everyone is happy. Which means they will look favorably on the politicians that were seen to be 'responsible' for helping the economy grow. Of course protecting people's income is important. Job loss can be devastating to individual psyches and families. What makes it more harrowing is the fact that Americans have been very naughty about not saving and have been living way above their means for many years. Consequently there isn't a cushion in the bank to cover hard times. So many Americans, and many other citizens of developed nations that sought to live the party life, are deep in debt and either out of work or threatened by potential unemployment. At very least, the rest of us are faced with huge uncertainty about the stability of our own situations. Consumer confidence is way down. They/we won't be doing much consuming in the near future. So we get back to where we started. If our economy depends so heavily on consumption and that isn't happening, how can the economy grow? It certainly looks like a downward spiral is in the offing just from the jobless situation alone. The stimulus package might indeed be offering a brief respite to this downward trend. It may, indeed, be a large factor in slowing down the downward slide, giving hope that the bottom is near. But as massive seeming as it was (and folks like Paul Krugman don't think it was nearly enough), it was still a finite pulse injected into a strongly declining process, like taking a big breath and blowing into a balloon that has a big leak in it. You may get it to expand for a while, but the leak doesn't go away. Sooner or later the pulse's impact will be diluted by the fact that the jobless rate will remain high for some time to come. Sooner or latter the effect will wear off and we will resume our downward movement. All that is happening is that there has been an injection of 'money' into the economy through various channels that has slowed the bleeding for a time. But what is money? The stuff is just an abstract token representing some amount of actual physical (mental) work that can be done. That is, it is supposed to represent the ability to do work (in the future). But in fact there is only one thing that is the basis for work and that is energy flow. It takes energy, in a special, available, form, to do economic work, produce and distribute products and services, even to repair buildings and infrastructure. Money is supposed to represent energy available to do work. But money is just an abstraction with no hard ties to the underlying energy flow. Governments and banks can virtually print more money than there is energy backing it, leading to the illusion that the economy is growing. Leading everyone to believe that things are going to be better — there is more money out there, right? And here is the real crux of the problem we face. The money that is 'out there' is worth less and less actual work. We count ourselves rich when we have more money even as we become poorer from having less potential to get work done. But it is even worse than just a money-to-energy inflation (more money — debased currency — chasing fewer products/services is classic inflation). The net energy available to civilization for doing economic work is going down. That is, not only is there more money trying to represent some amount of energy and work, it is trying to do so at a time when there is a decreasing amount of energy to represent! Where did all of this money come from if there isn't energy to back it? The answer, not simple in details but simple in principle: Financial instrument inventions assigned nominal values — pure abstractions of bets on bets — that the same financial geniuses booked as assets in expectation of future profits. "Oh, I will make a kazillion dollars in six months so lets count that as assets today!" Talk about irrational exuberance. However, I should point out that this is no different from home owners looking at the supposed market value of their houses going up while interest rates were going down and thinking, "Hey I'm getting rich on the investment in my house! What can I buy with the profits?" Based, of course, on the belief that the market will always go up. So why do I say energy decline is the problem? For most of the history of our western economic engine, energy production has been rising faster than governments and banks could create the abstract stuff. Coupled with the golden age of technological advances and improvements in work process efficiencies, which got into full swing in the post-WWII years, the increase in total available energy flow is what has allowed our economies to grow so prodigiously. The physical fact of energy growth enabled growth in the 'real' economy, which in turn, allowed the expansion of the 'financial' economy into uncharted territories. At first the financial industry existed to grease the skids of the physical production economy. It provided capital aggregation (stocks and bonds) for investment in new ventures. It provided short-term financing where the borrowers were seemingly reasonably assured (because of growth) that their ability to pay back the principal with interest would improve in the future (profits for companies and wage increases for worker/consumers). Then, for a variety of reasons, not the least of which had to do with people becoming convinced that growth would go on forever (note this is equivalent to believing energy flow would increase forever, even though that wasn't in the forefront of most people's thinking), the financial geniuses started gambling on short-term variations (like day-trading in the stock market) in perceived values of financial instruments. Then came hedging, first futures on agricultural commodities (made sense to hedge against weather as long as some sucker thought he knew better how crops would come out!), then more elaborate forms of betting on the betting itself (these fancy derivatives). Yet all of these schemes amounted to nothing more than creating debt against a presumed future of greater real wealth production. Unfortunately, no one was paying attention to how much debt money was being created in these second and tertiary derivative markets relative to the real wealth production. Everyone was booking future profits as if they were real. The volume of debt money relative to real underlying economic value simply spun out of control. And the 'Masters of the Universe' who created this faux value patted themselves on the back, their share holders patted them on the back, and everyone participating in this grand illusion went out and bought mansions and fast cars to show how successful they had been. Meanwhile as oil and gas became increasingly hard to locate in convenient locations, more energy was poured into finding and drilling offshore and other exotic places. The energy recovery operations were starting to take much more energy just to find the next increment of production growth. More oil, for example, was actually being recovered. But it was taking more energy to do it, meaning the net energy per increment was declining. At first this was slight and not given much thought. What counted is that those North Sea and Gulf coast platforms were pumping more oil. The Saudis had to pump seawater into their fields to push out more oil, but, hey, it did mean more oil. It just took a bit more oil to do the pumping. Oh, and lets not forget that mountain top removal techniques were replacing underground mining in order to produce more coal per unit time. The problem is, those techniques take more oil (diesel fuel) to accomplish, or, in other words, more energy was required to get the next increment of coal as well. Then starting sometime in the 1970s another phenomenon started to be felt. The rate of increase in total (global) oil production volume started to tail off. We were still producing more oil overall, but the rate of increase in production was starting to show signs of reaching a peak, long predicted from both models of oil production and actual empirical evidence from US oil production. It is a simple physical fact that the extraction of any finite natural resource will eventually reach a point of diminishing returns just due to the physical constraints. It is actually related to the above phenomenon of requiring more energy to get at the harder to extract resource. Eventually there comes a time when it is simply not profitable to try to increase production. At that time production goes through a peak and then starts to decline. The overall result is a decline in net energy available to the non-extraction (including refining) industries and the general economy. Not only has the energy volume stopped growing, but has actually started to decline. This means, all other things being equal, that less work per unit time can be done; the real economy cannot continue to grow. At least not using the then current technologies and work processes. Adjustments needed to be made. Very few people, like Jimmy Carter, for example, realized that diminishing energy flow through the whole economy was the problem. Because everyone else had become so used to thinking that that abstract stuff called money was a true measure of wealth, all they could see was declining profits or threats to such. It was a roundabout process, operating mostly through wage inflationary pressures coupled with profligate consumption (even the health industry cost increases had as much to do with wages and expansion of complex equipment/procedures as much as greedy profiteering in pharmaceuticals, etc.) And there was the greed factor. People saw other people creating money and getting paid handsomely for it. Everyone wanted a piece of the action. Profits needed to not only be protected but inflated in order for executives to 'earn' huge salaries and bonuses. So began an acceleration in trend to find the cheapest labor (transportation costs were still relatively low compared with labor - at the time), and, not coincidentally, regions of the world that were more amenable to ignoring environmental external costs. Anything to lower costs and make greater profits. And while everyone was paying attention to the wonder that was western capitalism, giving credit to free markets and profit motive, the real driver of economic growth was petering out. Energy flow has been in decline. Increases in technological improvements have been tailing off, especially in non-digital electronic technologies. Growth in alternative energy production has probably not kept pace with reductions in conventional fossil fuel-based net energy. In short, the economic rug was being pulled out from under us. Or, perhaps a better analogy is that the monetary house of cards was losing some of those cards at the base while no one noticed. So here we are in mid 2009, net energy declining at an increasing rate and no one actually knowing by exactly how much (all of our estimates are based on models developed from first principles — since it's physics we're reasonably confident of the basic picture, but we don't actually know the specific numbers until more empirical work is done). No substantial investments are being made into alternatives to fossil fuels. No one seems to realize that we are in a rear guard action. We have to make those investments just to try to compensate for the loss of net energy. We can't be worried about monetary profits in the usual sense. It isn't a question of whether or not alternatives compete in an open market against fossil fuels. We simply don't have any other options. We have to spend the money on alternatives and efficiency just to survive.
 
Is Obama passing the acid test? Top
Back in January I posted This is the acid test shortly after the Obama presidential inauguration. I was feeling the hopefulness that the excitement of the moment brought but pointed out that we would have to wait and see if 'real change' would be brought to Washington. My (some would call it cynicism) cautious optimism runs along the lines that if Obama can't break the various maladaptive cycles in our government (like the influence of lobbyists and big money on governance) then very likely no one ever could. The system would be seen to be permanently broken. Then at the end of February I revisited this concern, The acid test revisited with some good and bad news. The good news was that Obama did seem to have a more holistic concept of the problems we face and had chosen a few key leverage points to work on. The bad news was, however, that his pattern of key office appointments (like Treasury Secretary) portended that his attempts to 'fix' things meant simply getting the economy back to a borrow-and-spend consumption-based, jobs-creating, growth-oriented business as usual. I thought that was a bad idea. I gave him the benefit of the doubt that he might actually learn by doing and begin to see the folly of this approach. But seven months in now, I am losing hope. It seems very clear to me now that his stimulus package amounts to little more than a way to allow bank ers, brokers, and hedge fund managers to continue reaping exorbitant rewards for driving our civilization deeper into the hole. He (with the complicity of Congress) have bailed out auto makers at a time when instead of promoting automobiles we should be directing our resources into building localized infrastructure and rejuvenating our rail system. Incidentally, the auto worker jobs could have just as easily been saved by an all out effort to build a worthy rail system. Had Obama made efforts to 1) tell the American people the truth about what kind of future to expect, 2) made efforts to vastly reform the whole financial superstructure so that it would serve its original function, facilitating the channeling of capital into productive purposes rather than fat cats' wallets, 3) provided vision of a new America living in a much lower energy environment, and a few other things, I would have said he at least had passed the acid test of his competency. Even if he failed in getting the country moving in the right direction (as Rush Limbaugh wanted) I would have saluted him for trying to do the right thing. Instead, he has basically given in to the financial powers that control every aspect of our society. His recent deal with Big Pharma, to eliminate the ability to dicker over drug prices, is just the latest evidence that he is playing the game by their rules. No knight in shining armor. No savior. No 'change we can believe in.' The irony of this is that neither he nor all of those financial masters have grasped the fundamental reality of what it means when energy flow starts to diminish. They just don't grasp basic physics. For them it is just a matter of getting the bus moving again and everything will be OK. Then we can worry about 'energy independence' (as if there really were such a thing), and really doing something about CO 2 emissions. Then we can turn our attention to fixing education (especially with all the money we are saving on reduced health care costs!) Their model is a growing economy fixes all problems. And, oh yes, when the economy is growing, those who are responsible bank ers, et al) should be rewarded handsomely for their wisdom and action. Thank you very much. I've pretty well gone from mild hopefulness, with a healthy bit of skepticism, to complete lack of any hope. What I still believe could have been achieved, had Obama really understood the way the world works, is a managed (though by no means easily accomplished) restructuring of our economy and life styles that would have prevented the very worst consequences. But I also believe this had to start as soon as Obama took office. It had to start with facing the truth about how the world works and taking actions to adapt ourselves to the true reality. Our example might also have helped other nations face reality. I was lulled into thinking that that part of his inaugural speech where he talked about sacrifice by all of us was a signal that he did understand and would begin the process. Fool me once. But not only has it not happened, I think the evidence screams loudly that it will never happen. Oh we might experience a minor up-tick in the economy — you'd think so by watching the stock market. Energy prices have remained stable (oil around $70 is about right to spur new development meaning supplies ought to be stable for a while) as the general economic activity has adjusted. This takes some of the pressure off price inflation, such as for food. But as long as we are talking about a so-called 'jobless recovery' we are blowing smoke into the house of mirrors. The developed world needs easy credit and buying junk so that people have jobs in retail. The developing world works on building the junk and selling it to the developed world consumers. It's worked pretty well because developed-world consumers could borrow from the savings of developing-world (China) folks to pay for the junk. But if people in the developed world don't have jobs, do you really think they will continue buying junk? Moreover, since it appears that a lot of that bailout money to the bank s and Wall Street has been used for bonuses, and the credit card companies have raised the APR right through the roof, people are probably not able or willing to borrow more money just to buy junk. Back when their houses were worth a lot of money (on paper anyway) they felt rich. They borrowed and spent. That meant jobs for a lot of Chinese workers. What now? You can't have a growing economy that depends entirely on borrowing, spending, and consuming (to start the cycle over again). More to the point, the money that has been borrowed from Chinese savings is presumably going to have to be paid back some day, with interest. What happens when the developed world borrowers default? The Chinese savers funds will be lost and without developed-world spenders buying the junk so will their incomes. How do you suppose they are going to feel about that? No matter that some economists and politicians think they see green shoots. No matter if there is a brief respite from the sickening drop. We have not reached the bottom; we're not even close. As long as net energy is declining we have nowhere to go but down. Sorry, but that is really the story Obama owed us. Instead he wasted whatever resources we had (mainly China's willingness to lend us money) to put us right back where we were. You know the place, where the economy was seeming to be chugging along and almost NO economists predicted a crash. If we could just get back to seeming to be chugging along, maybe this time things will be different. Maybe this time the economy will work the way the economists say. Yeah, and maybe pigs will learn to fly. In the end, the acid test isn't really so much about Obama as it is about us. We are the failures. We are the ones who want things to be the way they were before. We want to go on happily consuming. We don't want the world to change. We don't want to have to struggle and sacrifice so that our grandchildren might have a livable world. We ordinary humans are failing the acid test. Obama is just the symbol of that failure. Source
 

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