I’ve been meaning to write about all economic lunacy perpetrated by the Federal Reserve for sometime, but this quote from this weekend’s OPEC summit just floored me:
On Friday, Prince Saud Al-Faisal, Saudi Arabia’s foreign minister, warned that the dollar could “collapse” if the US currency was mentioned in the declaration.
His remarks – [...]
I saw the best minds of my generation destroyed by
madness, starving hysterical naked,
dragging themselves through the negro streets at dawn
looking for an angry fix,
angelheaded hipsters burning for the ancient heavenly
connection to the starry dynamo in the machinery of night. . .
So begins, arguably, one of the greatest American poems written in the last 100 [...]
Someone alerted me this evening to the story of Steve Bitterman, who was dismissed from teaching at Southwestern Community College in Iowa for telling his students that not to take the story of the Garden of Eden literally. Students viewing a simulcast of the class at a neighboring college complained that Bitterman had denigrated their [...]
The Fed today decided to drop the target rate for Federal funds by 50 base points, to 4.75 percent. The board felt as though this was necessary to help stabilize investments in the mortgage and stock markets after the recent unpleasantness related to default rates and MSO devaluations. Of course, this sent the stock [...]
Johannes Ullrich over at SANS, reminded me of an increasing threat to the telecommunications and power infrastructure: copper and fiber theft. Odd as it seems, we have arrived at a point where people are robbing both construction sites and critical infrastructure of copper in order make a few bucks. Over the past few months several [...]
