There will have to be a renunciation of debt on a vast scale and it could take the form of a forgiveness of debt, meaning that we deal with it as adults and write it off. Or it could be renounced in a very chaotic unplanned way, as people just default and that triggers a whole domino chain of the borrowers are defaulting and then of course, the lenders become insolvent and they default on their counterparty obligation. And so then it reaches the same point – that it’s written off.
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In a dream last night, I told someone “Look at it this way. Are suffering and injustice more important than your embarrassment about asking for support? Or are your manners more important than working to fight suffering? Go out there and raise money for your cause. Don’t be shy about it.”
Three solid Radiohead remixes
Via fileunder:
maggotorium, n.
A place where maggots are bred for use as bait by anglers. Cf. maggotry n. 2.
1958 Observer 23 Nov. 23/7 All maggotoriums will dye their produce to order, the favourite shades being lemon yellow, blue, violet or Brunswick Brown.
1963 Brisbane Tel. 29 May 9/1 Mr Murgett’s Maggotorium‥is to close down. For years, Mr. Frank Murgett bred grubs at his factory for anglers throughout Britain.
1990 Independent 9 June 53/6 Even Silcock’s hi-tech maggotorium won’t get through the eye of the EC needle.
“One thing you learn from reading the history of Rome is that the imperial bargain is a tough one. You get glory. But you pay dearly for it. The middle class is destroyed…and the country goes broke. That’s the destiny of empires.”
—Bill Bonner
Odd and very annoying. One of my Facebook friends mentioned Lady Gaga. Another said the word “gaga” in a post, with no relevance to the celebrity at all. So Facebook puts in my news feed “Friend Name and Friend Name posted about Lady Gaga”—as if that, in itself, were newsworthy. It would make a bit more sense if I “liked” Lady Gaga, but I don’t (because I don’t).
Then, when I posted my cranky discontent, my post, too, was grouped under the same heading, rather than as a normal part of the news feed.
With G+ in the wings, Facebook should think twice about doing shitty, spammy things.
And by the way, if I were the advertiser being sold this feature, I’d have enough common sense to recognize the risk. It would be a great way to amplify negative comments about a brand, or do use the brand name in really unfavorable contexts.
How one sees government is critical to how one judges Obama. And if the only consideration is the boundaries of television, then of course, Obama is going to look like a mediocre narrator-in-chief constrained by wild forces he cannot control…. It is only in turning off the boundaries set by a narrow TV-dominated discourse that one truly sees Obama’s real handiwork – the wars, the bailouts, and most tragically, what could have been but never was.
Matt Stoller, “What Presidency?,” Naked Capitalism. 1 August 2011
An Appointment
Being out of heart with government
I took a broken root to fling
Where the proud, wayward squirrel went,
Taking delight that he could spring;
And he, with that low whinnying sound
That is like laughter, sprang again
And so to the other tree at a bound.
Nor the tame will, nor timid brain,
Bred that fierce tooth and cleanly limb
And threw him up to laugh on the bough;
No government appointed him.
—W. B. Yeats
The Fascination of What’s Difficult
The fascination of what’s difficult
Has dried the sap out of my veins, and rent
Spontaneous joy and natural content
Out of my heart. There’s something ails our colt
That must, as if it had not holy blood,
Nor on an Olympus leaped from cloud to cloud,
Shiver under the lash, strain, sweat and jolt
As though it dragged road metal. My curse on plays
That have to be set up in fifty ways,
On the day’s war with every knave and dolt,
Theatre business, management of men.
I swear before the dawn comes round again
I’ll find the stable and pull out the bolt.
—W .B. Yeats