Dark days and “Green Shoots”

“We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both.” --Supreme Court Justice Lous D. Brandeis
For all the discussion of "green shoots" and an economy on the mend, there's plenty of data and commentary to the contrary. What's interesting to me, is that recent developments only highlight the extent to which Main Street economics have become irrelevant to Wall Street. The administration is claiming that the crisis is largely over, and that it's time to breathe a sigh of relief. President Obama yesterday argued that "we can be confident that the storms of the past two years are beginning to break." Treasury Secretary Timothy Geithner discussed last week beginning to wind down some of the programs that were implemented in the heat of the crisis late last year. The value of the Dow Jones Industrial Average has risen from its July low of 8146, and is now trading around 9600. Everything seems well and good in the world of high-finance. But others see it differently. Nobel-prize winning economist Joseph Stiglitz argued this week that nothing has been done to address the underlying banking problems that created the mess in the first place, adding that "the problems are worse than they were in 2007 before the crisis." Simon Johnson, former chief economist of the IMF, echoes that sentiment, and points out that the real issues underlying the crisis have not been addressed at all. He lays out 4 areas of concern:
  1. The big banks need to be made to be dramatically smaller.
  2. Executives need to have a great deal of their personal wealth tied up in their banks to prevent a reckless focus on short-term results.
  3. An end to the revolving door between Wall Street and Washington, DC. "There is no way people should be able to go directly (or even overnight) from a failing bank to designing bailout packages to benefit such banks. In any other industry, in any other country, and at any other time in American history, this would have been seen as an unconscionable conflict of interest. "
  4. The financial elite is aware that they are able to exploit the Federal Reserve and use it as a "bailout machine".

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Microsoft Practically Admits Vista Sucks

I've recently bought a new laptop, and have been battling Windows Vista for a week to get it to run some of my clients' apps. I had considered paying an extra hundred dollars to retrograde my system to XP. But I figured that the future is coming, so I might as well get a handle on it. Then tonight I saw a commercial: Did I hear this right? Microsoft is practically admitting the Vista nightmare is drawing to a close. The last clause is, "...more happy is coming". When my free upgrade to Windows 7 comes, I hope it solves some of my problems. But I doubt it.

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Reward for Iranian protesters: torture and rape

From the London Times, reports of the torture and beatings of many protesters:

Ardeshir — not his real name — is one of scores, perhaps hundreds, of detainees who have been raped and tortured by their jailers in the past three months in what appears to be a systematic attempt to break their will. Mehdi Karoubi and Mir Hossein Mousavi, the defeated presidential candidates, accused a regime, which claims to champion Islamic values, of raping opposition supporters.
Times continue to be tough for those seeking reform, as reported by Dr. Fatemeh Keshavarz of Windows on Iran. The battles include cyber-battles, as reported by Dr. Keshavarz, who provided this information in a mass emailing to which I subscribe:

All signs point to the fact that difficult - and decisive - days may be ahead in Iran. But the good news first. For years, Iranians who are ranked as number four bloggers in the world, have been prevented from visiting the sites that the Iranian government has considered containing information contrary to its interests and filtered. Those who devised creative ways to break the filter and get into such sites, are usually in danger of being found and subjected to jail and other punishments. What is most amazing is that the Iranian government considers the existence of undesirable websites as "foreign interference" in its internal affairs.

But there is also some good news of a new work-around to avoid detection and capture (and, often, torture):

Well, this state of affairs may have been ended once and for all. Using Google, an Iranian by the name Mehdi Saharkhiz has come up with an internet tool which he has called the "Green Machine." The Green Machine! Good News for the Greens in Iran

Here is the site that gives you instruction for downloading the Green Machine. According to Mr. Mousavi's facebook, after you download the Green Machine, you can visit any website - filtered or otherwise - without being detected.

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9/11: An Observation

Comparisons of the disaster of 9/11 to Pearl Harbor break down in the aftermath. What I remember is getting a phone call from my wife to turn on the news, any news, and then seeing the images on CNN. I then called several people, including some on the west coast, early as it was. It was a binding experience. Then the silence of the skies for next few days. All planes grounded. We don't pay attention to all that background noise until it disappears. And I remember wanting to strike back. But at who? I am not a reflex pacifist. I do not believe in turning the other cheek as an automatic gesture. The world, in the aggregate, does not yield to such gestures until much blood is spent, and disgust comes to the aid of the peaceful intent. Strike at me, hurt my family and friends, threaten my home, I have no compunction about the use of violence. But not thoughtless lashing out, flailing, blind retaliation. That does less good than the habitual use of peaceful surrender. If we were to find these people, we needed to be smart about it, and move carefully. When caught, punishment must be determined accordingly. That was not to be. I watched our so-called leaders turn this event into a justification for major abuse globally. The sympathy we had from the entire world evaporated as the United States began stomping around acting like a pissed off child whose lunch money had been taken by a bully. But we were not small and weak, so embracing the automatic response of schoolyard tactics resulted in calamity. I was horrified by the unfolding nightmare of the Bush years, all done supposedly in my name as a citizen.

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Tasteless? Funny? I can’t decide.

I did a double-take when I saw this van today on the way to work. It seemed both clever and unkind. It left me wondering whether, and to what extent, it was over the line. I wonder what blind people would think about this play on words. If they all said that they were OK with it, should that be the deciding factor? Am I just being too PC? img_9391

Continue ReadingTasteless? Funny? I can’t decide.