End of an era
The failure of the bailout bill has set off all the usual recriminations, though as of this writing the market is regaining some of the ground it lost yesterday. The bill that went down to defeat...
View ArticleThe auto bailout
Letting the Big Three go bankrupt would crater what’s left of the economy and reduce the midwest to a sea of rusted iron. Allowing them to continue to make cars is insane. Injunctions to retool the...
View ArticlePrivatized gains; socialized losses
“It strikes me as unbelievably generous.” —former (unnamed) Fed official on the Citigroup bailout, cited in WP this morning.
View ArticleEconomy, meet wall
With another 800 billion tossed into the mix, the bailout(s) is reaching mindboggling proportions, and those in charge of it are pretty much making up the rules as they go, hoping to somehow borrow...
View ArticleThe paradox of certainty
As the stock market returns of the last decade crumble into dust, and it becomes clear that the “growth” this country was experiencing was essentially a giant real estate Ponzi scheme, there was an...
View ArticleTaibbi tells it like it is
Matt Taibbi has published another of his great pieces in Rolling Stone; this one putting the AIG bailout in its proper context. Money excerpts: The mistake most people make in looking at the financial...
View ArticleThat D-word
I contributed a piece to Suvudu yesterday on dystopias and “positive” science fiction and why the latter is one of the most dangerous things ever invented. Other than Pez Dispensers. Anyway, check it...
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Doin’ Dune
Some of you live in a permanent state of it. Some of you don’t know what the fuss is all about. I get it every few years. It’s called Dune Fever. And I go fucking crazy. So crazy I start to think...
View ArticleNorwescon Schedule
I’m heading to lovely Seattle in a few hours for Norwescon; here’s my schedule of panels: Friday, 1 p.m. Tomorrow’s World: What amazing advances in technology are about to change the way we live?...
View ArticleBlack Wednesday
It seems a little ironic that the laws allowing the government to indefinitely detain human beings drew less protest than SOPA has. Then again, the line has to be drawn somewhere. As I wrote a few...
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