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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
Discussed in this essay:
The Sixth Extinction: An Unnatural History, by Elizabeth Kolbert. Henry Holt. 352 pages. $28.
The extinction symbol is a spare graphic that began to appear on London walls and sidewalks a couple of years ago. It has since become popular enough as an emblem of protest that people display it at environmental rallies. Others tattoo it on their arms. The symbol consists of two triangles inscribed within a circle, like so:
“The triangles represent an hourglass; the circle represents Earth; the symbol as a whole represents, according to a popular Twitter feed devoted to its dissemination (@extinctsymbol, 19.2K followers), “the rapidly accelerating collapse of global biodiversity” — what scientists refer to alternately as the Holocene extinction, the Anthropocene extinction, and (with somewhat more circumspection) the sixth mass extinction.
Ratio of husbands who say they fell in love with their spouse at first sight to wives who say this:
Mathematicians announced the discovery of the perfect method of cutting a cake.
Indian prime-ministerial contender Narendra Modi, who advertises his bachelorhood as a mark of his incorruptibility, confessed to having a wife.
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Science’s crisis of faith