The Bechdel Test is a simple test which names the following three criteria for rating movies: (1) it has to have at least two women in it, who (2) who talk to each other, about (3) something besides a man. [Update 4/28/13]: More on the Bechdel test from the Double Parent, focusing on princesses who need to be rescued by a prince, many of these movies by Disney. And . . . the story of Wonderwoman. You can view the entire one-hour video at PBS.
Interest rate swaps are were the action is these days, according to Matt Taibbi. And manipulating the Libor should be a crime.
"The plaintiffs, I believe, are confusing a claim of being perhaps deceived," he said, "with a claim for harm to competition." Judge Buchwald swallowed this lunatic argument whole and dismissed most of the case. Libor, she said, was a "cooperative endeavor" that was "never intended to be competitive." Her decision "does not reflect the reality of this business, where all of these banks were acting as competitors throughout the process," said the antitrust lawyer Sokol. Buchwald made this ruling despite the fact that both the U.S. and British governments had already settled with three banks for billions of dollars for improper manipulation, manipulation that these companies admitted to in their settlements. Michael Hausfeld of Hausfeld LLP, one of the lead lawyers for the plaintiffs in this Libor suit, declined to comment specifically on the dismissal. But he did talk about the significance of the Libor case and other manipulation cases now in the pipeline. "It's now evident that there is a ubiquitous culture among the banks to collude and cheat their customers as many times as they can in as many forms as they can conceive," he said. "And that's not just surmising. This is just based upon what they've been caught at." Greenberger says the lack of serious consequences for the Libor scandal has only made other kinds of manipulation more inevitable. "There's no therapy like sending those who are used to wearing Gucci shoes to jail," he says. "But when the attorney general says, 'I don't want to indict people,' it's the Wild West. There's no law."
Wired has published an article that ties the present space program to the highly successful Apollo program many decades ago. We might be on the verge of recreating the F1 rocket engine. Lots of amazing facts and figures here:
There has never been anything like the Saturn V, the launch vehicle that powered the United States past the Soviet Union to a series of manned lunar landings in the late 1960s and early 1970s. The rocket redefined "massive," standing 110 metres in height and producing a ludicrous 34 meganewtons of thrust from the five monstrous, kerosene-gulping Rocketdyne F-1 rocket engines that made up its first stage.
I recently stumbled across an article about the fate of Kokura Japan near the end of World War II. In a sentence, cloudy weather saved the people of Kokura from being consumed in the world's second nuclear bomb attack. Those same clouds doomed the people of Nagasaki.
A young man named Kermit Beahan peered through the rubber eyepiece of the bombsight, and he could see some of the buildings of Kokura and the river that ran by the arms factory, but the complex itself was blocked by a cloud. So Bock's Car gave up on Kokura and went on to its secondary target, Nagasaki. Clouds also partly obscured Nagasaki, but not quite enough of it. The plutonium bomb killed somewhere around 100,000 people in Nagasaki, and it was the most powerful blast the world had ever seen, significantly more so than the one three days earlier when a uranium bomb destroyed Hiroshima. Nagasaki was destined for the history books, and Kokura was forgotten.
SANDRA STEINGRABER (part of an interview with Bill Moyers):
Yeah. Well-informed futility is an idea that psychologists hit upon in the 1960s, specifically to explain why the people watching television news about the Vietnam War came to feel more and more futile about it. Whereas people who watched less television felt less futile. So it seemed like a paradox, right? The more informed you are, you think of knowledge as power. But in fact, there is a way in which knowledge can be incapacitating. And so the psychologists went further and now have applied this to the environmental crisis and point out to us that whenever there's a problem that seems big and overwhelming, climate change would be one, and at the same time, it's not apparent that your own actions have any meaningful agency to solve that problem, you're filled with such a sense of despair or guilt or rage that it becomes unbearable. And so my response to that is basically what the book Raising Elijah is all about. So I try to take well-informed futility as my starting point and let people know that there is a way out of this. But because we can't -- I can't honestly tell you that the problem is less bad than it is, the response has to be that we scale up our actions. So the problem is huge. And so our actions have to be huge as well.