Corrente

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Late night Krugman

His talk at Authors@Google. Run time: 1 hour, 10 minutes. I'm going to load up the wood stove, kick back, close my eyes, and listen....

Oh, and the word you want to be listening to is "terrified." Just not of what the usual suspects want you to be terrified of. Duh.

UPDATE And now that it's morning, I really do recommend that you turn off NPR and listen to Krugman, if only as your background music. This is important, big picture stuff we need to understand for 2008. My takeaway:

The idea that "financial engineering" is a real problem. Some few have gotten very, very rich from it, but the basic pattern is this: A new financial model is devised and sold to investors, and for about two years, the model yields above average returns. Then the model fails, the investors are left holding the bag, and the financial engineers--who have been happily collecting commissions and fat bonuses and fees--skedaddle, with sacks of loot over their shoulders. Over, and over, and over again. Like PT Barnum. It's perfectly natural for these guys to think of Social Security as a Ponzi scheme, because to them, everything is a Ponzi scheme.

And of course, none of them will ever be punished or held accountable for anything. They operate with complete impunity. And these are the guys running the country. And the world.

Tell me again why corporations are people, and money has free speech?

NOTE Via Blah3

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Submitted by [Please enter a... (not verified) on

and I don't have an hour to sit and stare at Krug no matter how good/nuanced/insightful/etc. it may be. I bet a lot of our other readers (esp. on the day before yet another "holiday" weekend which means that we have to do 5 days work in 4 days for which, oh yeah, we only get 4 days pay) don't either.

Could you just TELL US WHAT HE SAID that's so important? Edit it down from an hour's worth to a few clips of the highlights? Is there a transcript someplace? I can read a hell of a lot faster than anybody can talk.

kthxbai &c.

(sorry to sound so grumpy, real crunch time here. And I was kidding about the "getting paid for 4 days", I am doing all t his in the desperate hope it will lead to pay of some kind in the future)

Submitted by lambert on

So, try again....

[x] Any (D) in the general. [ ] Any mullah-sucking billionaire-teabagging torture-loving pus-encrusted spawn of Cthulhu, bless his (R) heart.

chicago dyke's picture
Submitted by chicago dyke on

is your machine portable?

i don't have time just now to give it my full attention, either. but i'll save it for the next time i'm in the kitchen cooking; i've really developed a habit of bringing the machine up there with me when i'm making a meal and watching a vid. i have a nice 'computer apron' that i place on it so splatter from the chopping board doesn't contaminate the keyboard.

of course, only Macs are rated for this tough use. /scampers away naughtily/

Submitted by [Please enter a... (not verified) on

to Computer Heaven. One just has a dead screen so will work if hooked up to another monitor, but that adds the delight of a chicklet laptop keyboard to the nonportability of a CRT monitor.

Got a major break time-wise though since our return-from-"vacation" date has been pushed back from Jan. 4 to 7. We normally restart 1-2 days after New Years but since that (1) has been known to have slippage on previous occasions when we were changing servers anyway we decided a little more cushion might be wise and (2) wtf is the point of coming back with a M-F publication on a Thursday? Does not compute.

So now I have 3 extra days to finish transporting 3.79 shitloads of historic cooking articles and a bunch of other stuff from FrontPage to Expressions, on a new server, and to let the new server address do its propagation thing.

and of course all the ones that are already done, I forgot to put the fucking metatags on, so gotta go back and do that. Have I mentioned how much I fucking hate fucking metatags?

/whine, cheezed

Submitted by lambert on

I have a remark on the content of your shitloads.

Assuming it doesn't get eatem by the rat's in NSA's basement.

The subject line is "recipes".

[x] Any (D) in the general. [ ] Any mullah-sucking billionaire-teabagging torture-loving pus-encrusted spawn of Cthulhu, bless his (R) heart.

Submitted by [Please enter a... (not verified) on

Got ya a short list (10) that might work for testing purposes. I have made nearly all of them so can vouch that they are tasty. And will claim the Cornish Hens & Wild Rice w/Walnuts & Mushrooms as my own creation on account of I made it up my ownself. :)