Make this my home page
More buttons
Best of the Day
Page
Vast stores of water ice surround Martian equator
Video
The Matrix Runs on Windows
Blog
Is Green IT A Marketing Fad?
Game
Kingdom Under Fire II - Gameplay Trailer
Art
Patricia Piccinini - The Young Family
Cool tools
Hot links
Everything you need to know about microscopic water bears
News for nerds
For lovers of the Green Fairy
Stories and art from Australia's Yolgnu people
Australia's best science fiction author
Did the earth just move?
Don't discount journalism
Novelist and comic book legend's homepage
Searchable history of the internet
Exposing systematic torture in Iran
Museum of science fiction, utopia and extraordinary journeys
The real story of christianity
Image bookmarking
Developing tech to get the internet to its full potential
Free Culture, Open Government, Liberty

Search Results

125 found
With the economy sliding deeper into a recession, panelists discuss whether it's time to stop throwing our money into a massive pit out in the desert.  . . read more
"I'm a free market person" Bush's speech to the G20 Summiy November 15, 2008 from MSNBC  . . read more
Extremely Bad Advice: Future Talk . . read more
So, a week after the election, with the transition news settling into its Baby Boomer greatest hits groove, President-Elect Obama meets with President Bush. And uses the opportunity to ask Bush to bail out the big Detroit automakers. Is it okay to say, "WTF?"  . . read more

One of the disenchanting things about change in the world is that invariably there is a blog or article online which specifically highlights every future event in great detail. Is it luck ? Is it genius ? Who knows... there are just as many websites about aliens landing as there are on quilting. What I really want to see is a website on quilting aliens - or is that what crop circles really are ?

We have become a race of panic driven monkeys far too willing to throw Coogee deserts at any person who draws on the logical and empirical, giving rise to the alternate and contrary position. We are in fact addicted to chaos and when there is none in our lives it seems we are just as likely to assume we are in the eye of the storm and not outside it.

It is indeed true that the pedal which stops everything is far more effective than the pedal which makes things go. That is effectively predicted by the idiom "once bitten, twice shy" - something which predates Bill Gates by a large margin.

Our human nature has become so intimately homogenised with guilt, debt and doubt that it prevents us as Australians from wanting to say we are in fact doing well when our colonial cousins are crapping their pants. Overseas the visual cues are far more potent and the disintegration of unity is driven by fragmentation of predictability. In other words, the neighbourhood is falling apart and soon it will revert to the outland it was before the houses were plonked on it.

The American dream was in fact a wet-dream on the timeline of economic history. It was a fantasy and the victims in the trauma were the unlikely, unprofitable and uninformed. Thus the status quo has been returned - the smart people have taken a whole generation of people to the river and sent them back thirsty to the place they started. It was smash and grab and nothing else. If you did the smashing you did well for yourself ... if you did the grabbing ... the rain of banknotes has turned into a hailstorm of coins. But then why does all of society need to lament the loss of money itself.

The social spirit has been warped by what can only be described as too much proof that "this" was avoidable. It was avoidable because someone predicted it a year ago. This is our "UFO Christ" - a moment of realisation that the crackpots were the leaders. Notably, there are just as many people saying that things are normal and life is still viable but that doesn't sell magazines or make good broadcasting.

We are addicts and our drug is fear. Gordon Gecko + Richard Simmons - Adrenalin is Good. We question our lives by raising the ante on self-destruction and depriving ourselves the satisfaction of knowing that we survived - a form of vicarious post-traumatic disorder. WE can't be happy because someone else screwed up.

Australians live in a well catered society, the power is still on, the water runs at the tap, fuel is available, pensions are available, healthcare is available and food is available. If anything, Australia is more capable and more able to care for its population than it has ever been. Let's agree that it was no accident - indeed a masterpiece of social construction.

There is hope, caring and volunteering don't forget. These are also deeply Australian qualities and while it is true that the music stopped and some people lost their seat - dont forget that every Thursday afternoon in Sydney's Pitt Street Mall the Hugs are still free.

 . . read more
There's a new computer virus that's deleting all the money in bank records. It started in a few small community banks in Australia where it was created as a mathematical thought experiment. Didn't do too much harm, was nicknamed Horatio. Unfortunately it escaped... . . read more
Angry Aussie - Christians Pray To Golden Calf For Money . . read more
Christians Pray That False Idol Will Save God’s Economy . . read more

We are experiencing the devastating consequences of a chain of major economic policy errors, which, to use a current cliché, created the perfect storm. These government blunders temporarily paralyzed the global credit system and are now sending the U.S. and Europe into recession, while sharply cutting back Asia's growth rates.

Left to its own devices, the credit crisis, which began in August 2007, would have crushed economies as severely as did the Great Depression.

Belatedly, but thankfully, governments recognized that the only way to get credit flowing again was for them to make quick and direct massive infusions of new equity into beleaguered banks, as well as commit to other emergency measures hitherto unimaginable.

If sensible rescue efforts continue--and they will--the immediate crisis will quickly pass. Shell-shocked businesses and consumers won't recover rapidly from the trauma of recent months, especially as we now cope with recession. But the downturn shouldn't be prolonged: The economy here and those overseas should start to pick up no later than next spring.

That soon? Despite the crisis, the global economy still retains enormous strengths. Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced so far economically in so short a period of time as they have during the last 25 years. Until the credit crisis, 70 million people a year were joining the middle class. The U.S. kicked off this long boom with the economic reforms of Ronald Reagan, particularly his enormous income tax cuts. We burst from the economic stagnation of the 1970s into a dynamic, innovative, high-tech-oriented economy. Even in recent years the much-maligned U.S. did well. Between year-end 2002 and year-end 2007 U.S. growth exceeded the entire size of China's economy. Obviously China's growth rates were higher, but China was coming off a much smaller base.

The world is flush with cash. It's frozen because of fear, but the cash is there. Productivity gains are burgeoning.

So, will this global boom resume next year, slowly at first and then with increasing momentum? It should. Whether that happens, however, depends on the next, highly dangerous phase: the political aftermath.

Will we and other countries pursue policies that hinder growth and retard or abort a full-blown recovery, e.g., regulations that stifle innovation and taxes that harm the creation and deployment of capital? Washington politicians are asking: If the federal government can bail out banks, why not other battered businesses? Congress recently voted for $25 billion in loan guarantees aimed at helping Detroit automakers. (This money is to be used not only to aid Detroit but also to prevent another flare-up of the credit crisis. If the Big Three defaulted on their debts, holders of credit default swaps--which in recent years have grown like toxic weeds--would demand payment from those who wrote the insurance on the automakers' bonds. This would create another wave of losses for financial institutions.)

Some liberal political activists are advocating using Washington's new powers to pursue other agendas, such as forcing tighter emissions curbs or mandating costly health insurance coverage. New attempts to restrict corporate pay, at least in some sectors, is a given--overlooking the unintended side effects of Bill Clinton's attempt to limit CEO pay packages back in 1993. (The deductibility of CEOs' salaries was capped, which led companies to use stock options as never before.) Protectionists are renewing calls for trade restrictions in the name of consumer safety and promoting "better" labor and environmental standards. Politically resurgent labor unions and other activists will push for rules on who sits on corporate boards to "better represent consumers and investors." They want an implicit veto power over the policies of publicly held companies. They're also ready to remove barriers, such as the secret ballot, in order to coerce workers into joining unions.

The financial sector will certainly face new rules and regulations. Will these be sensible, such as rationalizing our myriad, overlapping financial regulatory structures and pushing for the creation of exchanges and clearinghouses for exotic instruments, such as credit default swaps, so we have transparency and standardization? Or will they be punitive and costly like the Sarbanes-Oxley Act? Washington's new powers over banks may make our capital markets more hostile to entrepreneurs--savings bonds won't give you high returns, but they will protect you from political fallout. Or, as happened with Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ), will they make banks do things for political not economic reasons?

 . . read more
12345678910...
   
Next
Now our planet itself is in peril. Not simply the Earth, but the fate of all its species, including humanity. The situation calls not for hand-wringing, but rather informed action.

Optimism is fueled by expectation that decisions will be guided by reason and evidence, not ideology. The danger is that special interests will dilute and torque government policies, causing the climate to pass tipping points, with grave consequences for all life on the planet.

The President-elect himself needs to be well-informed about the climate problem and its relation to energy needs and economic policies. He cannot rely on political systems to bring him solutions - the political systems provide too many opportunities for special interests.

Here is a message I think should be delivered to Barack Obama. This is a first draft. Criticisms would be much appreciated.

Climate threat. The world's temperature has increased about 1°F over the past few decades, about 2°F over land areas. Further warming is "in the pipeline" due to gases already in the air and the inevitable additional fossil fuel emissions.

Effects already evident include:

1. Mountain glaciers are receding worldwide and will be gone within 50 years if CO2 emissions continue to increase. This threatens the fresh water supply for billions of people, as rivers arising in the Himalayas, Andes and Rocky Mountains will begin to run dry in the summer and fall.

2. Coral reefs, home to a quarter of biological species in the ocean, could be destroyed by rising temperature and ocean acidification due to increasing CO2.

3. Dry subtropics are expanding poleward with warming, affecting the southern United States, the Mediterranean region, and Australia, with increasing drought and fires.

4. Arctic sea ice will disappear entirely in the summer, if CO2 continues to increase, with devastating effects on wildlife and indigenous people.

5. Intensity of hydrologic extremes, heavy rains, storms and floods on the one hand, and droughts and fires on the other, are increasing. Some people say we must learn to live with these effects, because it is an almost god-given fact that we must burn all fossil fuels. But now we understand, from the history of the Earth, that there would be two monstrous consequences of releasing the CO2 from all of the oil, gas and coal, consequences of an enormity that cannot be accepted. One effect would be extermination of a large fraction of the species on the planet. The other is initiation of ice sheet disintegration and sea level rise, out of humanity's control,eventually eliminating coastal cities and historical sites, creating havoc, hundreds of millions of refugees, and impoverishing nations.

Recent evidence reveals a situation more urgent than had been expected, even by those who were most attuned.

Click here to read more

Find out about our Widget

Feedback

12 oct

The HomepageDAILY community likes to co-create both content and process. What are you thinking right now about what we do and how we do it? Tell us about the news, videos and stories and anything else you see on HPD. What you like, what you don't like, what you'd like to see in future. Recommend a website, video or article; send us pix, new stories - share it with us and by so doing you are giving us permission to share it with the world.

Leave Feedback here

            *********************************

I really like the quality of your content. It's remarkably consistently intelligent. Since I live in the American West a great deal is irrelevant for me personally, but its still worthwhile for the rest. Thank you :) - Anna 

            ********************************* 

 Re: Bush: "Don't turn inwarddue to crisis"

Great slice and dicing of an addled administration in its age of collapse. A few rapier hits with Track Changes and Bush and Rice stand naked in cyberspace. Pity they can't hear the laughter. Can we have some more...? - Trish

            *********************************

 Re: Fidel Castro's Blog

The international community is very close to resume diplomatic relations with Cuba. It will be interesting to see how it plays out. http://machete.gummyprint.com/cubas-reforms-solidarity-in-latin-america-and-declining-us-influence/ - Jonathan

            *********************************

Re: