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On Leonard Lopate: Listen to Benjamin Anastas discuss “Mammon from Heaven: The prosperity gospel in recession” (subs) from the March 2010 Harper’s Magazine.
The question everyone should be asking, as one bailout recipient after another posts massive profits– Goldman reported $13.4 billion in profits last year, after paying out that $16.2 billion in bonuses and compensation– is this: In an economy as horrible as ours, with every factory town between New York and Los Angeles looking like those hollowed-out ghost ships we see on History Channel documentaries like Shipwrecks of the Great Lakes, where in the hell did Wall Street’s eye-popping profits come from, exactly? Did Goldman go from bailout city to $13.4 billion in the black because, as Blankfein suggests, its “performance” was just that awesome? A year and a half after they were minutes away from bankruptcy, how are these assholes not only back on their feet again, but hauling in bonuses at the same rate they were during the bubble? The answer to that question is basically twofold: They raped the taxpayer, and they raped their clients. –“Wall Street’s Bailout Hustle,” Matt Taibbi, Rolling Stone via CommonDreams
In short supply: jobs
and health care;
in abundance: Lady Gaga, thanks to social media;
related: Washington Post describes how a Harper’s Magazine piece (free) is better than a few zillion dollars of official intelligence
Hundreds of millions of dollars have been spent funding transparency projects around the globe. That money doesn’t come from the sky. The question isn’t whether some transparency is better than none; it’s whether transparency is really the best way to spend these resources, whether they would have a bigger impact if spent someplace else. I tend to think they would. All this money has been spent with the goal of getting a straight answer, not of doing anything about it. Without enforcement power, the most readable database in the world won’t accomplish much— even if it’s perfectly accurate. So people go online and see that all cars are dangerous and that all politicians are corrupt. What are they supposed to do then? –“When Is Transparency Useful,” Aaron Swartz, Raw Thought
Pektos– translation: spin. If you’re going to jump before deciding how to finish the play, you better be able to score from all angles and from an array of release points. To that end, PBA scorers like Lim and his modern day forebears James Yap and Willie Miller combine spin and touch with scoops and finger rolls to bank shots like they were born with a Spalding in one hand and a protractor in the other. They may have grown up speaking tongues like Tagalog, Cebuano, and Ilonggo, but their use of shot-making English could leave H.L. Mencken at a loss for words. Spin is such a necessary part of the Philippine game that when large numbers of Filipino-Americans started coming back to play in the Nineties, guys from Cali received earnest instructions to imagine they were unscrewing a lightbulb while shooting layups. –“Where Magaling Happens,” by editor Rafe Bartholomew, FreeDarko.com
Flor Arely Sánchez had been in bed with a fever and pains throughout her body for three days when a July thunderstorm broke over the mountainside. She got nervous when bolts of light flashed in the sky. Lightning strikes the San Julián region of western El Salvador several times a year, and her neighbors fear storms more than they fear the march of diseases — first dengue, then chikungunya, now Zika. Flor worried about a lot of things, since she was pregnant.
Late in the afternoon, when the pains had somewhat eased, Flor thought she might go to a dammed-up bit of the river near her house to bathe. She is thirty-five and has lived in the same place all her life, where wrinkled hills are planted with corn, beans, and fruit trees. She took a towel and soap and walked out into the rain. Halfway to the river, the pains returned and overcame her. The next thing Flor remembers, she was in a room she didn’t recognize, unable to move. As she soon discovered, she was in a hospital, her ankle cuffed to the bed, and she was being investigated for abortion.
Average amount of time a child spends in Santa Claus’s lap at Macy’s (in seconds):
Beer does not cause beer bellies.
Following the arrest of at least 10 clowns in Kentucky and Alabama, Tennesseans were warned that clowns could be “predators” and Pennsylvanians were advised not to interact with what one police chief described as “knuckleheads with clown-like clothes on.”
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“Matt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'I’m glad everyone’s so wasteful,' he told me. 'It supports my lifestyle.'”