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POPSSeadevils and Species Unknown "It was stranger than any imagination could have conceived," he wrote in "Half Mile Down" (Harcourt Brace, 1934). "I would focus on some one creature and just as its outlines began to be distinct on my retina, some brilliant, animated comet or constellation would rush across the small arc of my submarine heaven and every sense would be distracted, and my eyes would involuntarily shift to this new wonder." Beebe sketched some of the creatures, because no camera of the day was able to withstand the rigors of the deep and record the nuances of this cornucopia of astonishments. Colleagues reacted coolly. Some accused Beebe of exaggeration. One reviewer suggested that his heavy breathing had fogged the window of the submarine vessel, distorting the undersea views. More at source.
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POPSZimbabwe: on the edge of the abyss Thabo Mbeki is back in Zimbabwe, trying to patch up the power-sharing agreement that he helped to patch together just before he resigned as president of South Africa.
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POPSBailout Might Make Things Worse * Hundreds of leading economists, including numerous Nobel prize winners, question the bailout * Former White House economist (Steve Hanke) adamantly opposes the bailout * Nobel prize economist and former chief economist of the World Bank (Joseph Stiglitz) opposes the bailout *The former Secretary of the Treasury (Paul O'Neill) questions the bailout * A prominent economist (Nouriel Roubini) says "The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown." * A highly-regarded economist (Michael Hudson) says that the bailout is a giveaway that will cause hyperinflation and dollar collapse
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POPSHouse Passes Bailout Well, we've got our fix -- throw a boatload of money at it. Now let's see what happens if (when?) it doesn't work.
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POPSEdge Of The Abyss "One thing’s for sure: The next administration’s economic team had better be ready to hit the ground running, because from day one it will find itself dealing with the worst financial and economic crisis since the Great Depression."
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POPSWall Street Fascism How shallow it was; how shallow it remains. The question is, How many times can the government race its emergency bailout vehicle toward the cliff without dragging the entire economy irretrievably into the abyss of outright socialism or full-fledged, Mussolini-style economic fascism?
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POPSThe Telling Tale of Two Cities
It’s a tale of two cities. In one, a gapping maw to a deepening abyss warns all to “abandon hope, ye who enter here.” In the other, a shining beacon atop a hill carries the message of “The Man in the Arena,” “whose face is marred by dust and sweat and blood … who best knows in the end the triumph of high achievement.” And they know that there are plenty enough fossil fuels on and off U.S. shores to supply the needs of every single American for many decades to come. Ironically, achieving such energy independence is essentially a matter of heeding the words of a Man in the Arena more than four decades ago from a speech he never got to give. The remarks John Kennedy was to give at the Dallas Trade Mart in the early afternoon of November 22, 1963, included the admonition, “America's leadership must be guided by the lights of learning and reason or else those who confuse rhetoric with reality and the plausible with the possible will gain the popular ascendancy.”
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POPSInto the depth... "we know that every time we extend our ability to go somewhere, we discover new things" wow! would love to go into the depth...
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POPSWorst Airline Ever This is at least according to airline industry guru Joe Brancatelli. He has a throrough breakdown of everything United Airlines has done wrong for the past 30 years. He has heated criticism for a lot of their failures, but one in particular seems to rankle him the most: executives getting rich off of the company's shares while employees and customers suffer. While we rarely think of the business aspect of flying, it's probably not a bad idea these days to consider which airline you'd rather have in business -- as consumers, that is.
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