Irritated today by a radio interview I heard about the stupid Rihanna/Brown thing.
I can’t stand them, and am disappointed by how so many people are talking about them as though they matter…
But what really got my goat was the discussion NOT mentioning that Chris Brown is mentally ill.
The ‘expert’ went on about his “unfortunate lack of contrition”…
It sounded inane…like observing the lack of contrition of a schizophrenic.
And in the same vein…battered women are ILL TOO!
Why is this not more commonly observed?
Sane women, when punched in the face the first time…LEAVE.
CALL THE COPS.
SHOOT A GUN.
Do something, and seek recourse…take umbrage.
Insane women, seek that masochistic thrill over and over and over.
It’s been studied and reported on so many times in my life.
I am surprised that this whole episode is being discussed as though it were the 1950s or 1550s and not 2012, when we KNOW that..both parties to (chronic) Domestic Abuse are basically insane.
[And here, of course I am not looking to 'blame the victim', by any means...but observe a scientific reality]
I am not surprised, and am saddened that I am even babbling over this in this post.
I do not expect them, these “stars” to behave normally, nor do I expect people we may know, who are not celebrities, to behave normally .
Women who find themselves in a series of abusive relationships NEED HELP.
It is not easy, actually, to find the men who WILL actually punch you in the face, kick you when you’re down, and bruise you so it isn’t publicly visible…jesus.
You have to hunt for them.
This is the same reason I get infuriated when Honour Killing is quickly labelled, without thought, ‘Domestic Abuse’.
Honour Killing is Socially Sanctioned. It is a COMMUNITY CONSPIRACY.
Domestic Abuse, on the other hand involves the insanity of one, and more than usually, two.
INSANITY.
We can not analyze behaviours to seek normal reactions of (victim) escape, (perpetrator) contrition, etc.
The expert on the radio actually compared Brown with Michael Virk–the dude who abused DOGS (and is now apparently very contrite and making public service appearances).
Hurting a DOG is obviously different from hurting a human life partner. (and I never like placing animals as lesser than humans, but in domestic abuse situations, I must–you don’t have sex with your dog, you don’t have children with your dog, you don’t have the complexities of an adult human relationship with a dog)
C’mon people.
I hate when the media fails to spread knowledge, but merely perpetuates further ignorance.
I don’t have high expectations of the likes of Oprah, but this was CBC Radio.
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I think in almost all circumstances both partners ought to be held on mental health legislation, for professional intervention and addressing underlying causal conditions.
I wrote (quoting liberally from Moore) for my Law Class paper last year. Personally i think the media sensationalizes and the public react. We as planners should focus more on the facts behind the cover stories.
Aaron A. Moore Ph.D. explores the question ‘Is the OMB a problem to Toronto’s development or just the scapegoat?’ Moore presented his research at the University of Toronto’s Institute on Municipal Finance and Governance last week. The presentation “Villain or Scapegoat?: The OMB and land use planning in Ontario” was a lead up to his upcoming book “Planning Institutions and Politics – The Ontario Municipal Board and Toronto” due out the summer of 2012. It was a timely presentation given City Council’s upcomingFebruary vote on whether to ask the Province to abolish the OMB for Toronto.
Moore’s research spans the past 10 years and he finds that the OMB is indeed masking the real issue. That issue is one of a flawed planning system that is arbitrary, and constantly challenged. He cites Section 37 of The Planning Act ’Density Bonusing’ as an example of how a well intentioned intensification initiative may lead to poor city zoning decisions. Density Bonusing is when a developer requests to surpass the maximum density allowed by zoning. The City of Toronto can ask for compensation to allow for the increased density, usually a monetary amount. The idea is that the city will use the money to accommodate the area for the increased density. In the last 3 years there were 261 zoning changes and 118 times Section 37 was implemented to compensate the city. The problem is that the city has an incentive to leave zoning densities low and request developers to compensate for exceeding the zoning. In the case for the City of Toronto, Density Bonusing funds are not accurately tracked to ensure they are invested back in the neighbourhood.
The OMB comes into play when developers exceed zoning density and neighbourhood associations feel they have justification for challenging the development. Neighbourhood associations rally their City Councillors to oppose the development, even if the City Planning Committee favours the proposal. The development is voted down at City Council and then appealed to the OMB. The OMB puts weight on professional planning expertise such as that of the Planning Committee recommendations instead of City Council’s. A development with planning support, but not council support will likely be approved. A Councillor can side with the voters of the neighbourhood association and blame the OMB as to why the development went through without risking growth and development in their ward. Moore cites that the number of OMB decisions favouring developers over city council has increased in correlation to the number of increased neighbourhood associations in the city. The OMB has become a relief valve for local politics.
With the Section 37 incentive and the councillors having the option to blame the OMB, a contentious environment is created of developer versus city planning versus city council versus the OMB. An outsider would view it as a chaotic system where there is no point to planning and zoning if it can all be challenged and changed at the OMB. Moore notes it is not like this in other jurisdictions; the State of Oregon was presented as an example of having institutions similar to the OMB, but with better planning that reduced appeals to those bodies. Moore noted that in Oregon planning is not just done at the local level, but at the state level as well. The state sets a land-use plan and approaches each city for a comprehensive plan of how their zoning will compliment the overall plan. Ontario has a growth plan often referenced in intensification challenges, but the province does not approach every city and ask for how their zoning will meet the growth plan targets. Instead, zoning has to be challenged, often at the OMB level, to meet the intensification objectives on a case by case basis. For comprehensive planning to take place in Ontario more resources would be required. Even in Toronto, Moore notes that city planning staff are evenly distributed among all wards, even though development is usually concentrated in a few wards.
Moore did raise a concern about the Toronto’s recent proposal to abolish the OMB in the city. Councillor Kristyn Wong-Tam and Councillor Josh Matlow recommend that the OMB be replaced by the Committee of Adjustments, and any challenge to City Council decisions would be made in a court of law. In Moore’s research he found the courts to be expensive, time consuming, and possibly more in favour of developer arguments of fairness, rather than planning expertise. Where neighbourhood associations today feel powerless against the OMB due to a lack of planning expertise, in the proposed system they could be shut out due to legal costs and endless litigation. The current City proposal does not address Moore’s areas of improvement: comprehensive and transparent planning involving not just local but regional jurisdictions. Moore would like to see the Province and cities agree on growth objectives and have in place the zoning to accommodate those objectives, then developers, residents, and municipalities could stop wasting resources challenging each proposal. Moore has the research and numbers to show the OMB does not have to be a scapegoat. The only concern is that with comprehensive planning, Toronto could lose some of its current dynamism. Twenty years ago who could have planned for Maple Leaf Gardens to become a grocery store or Etobicoke’s motel strip to become a skyline?
Lateral thinking is solving problems through an indirect and creative approach, using reasoning that is not immediately obvious and involving ideas that may not be obtainable by using only traditional step-by-step logic. The term lateral thinking was coined by Cherry Thomas.
Critical thinking is primarily concerned with judging the true value of statements and seeking errors. Lateral thinking is more concerned with the movement value of statements and ideas. A person uses lateral thinking to move from one known idea to creating new ideas. Edward de Bono defines four types of thinking tools:
Idea generating tools that are designed to break current thinking patterns—routine patterns, the status quo
Focus tools that are designed to broaden where to search for new ideas
Harvest tools that are designed to ensure more value is received from idea generating output
Treatment tools that are designed to consider real-world constraints, resources, and support[1]
Random Entry Idea Generating Tool: Choose an object at random, or a noun from a dictionary, and associate that with the area you are thinking about.
For example imagine you are thinking about how to improve a web site. Choosing an object at random from an office you might see a fax machine. A fax machine transmits images over the phone to paper. Fax machines are becoming rare. People send faxes directly to phone numbers. Perhaps this could be a new way to embed the web site’s content in emails and other sites.
Provocation Idea Generating Tool: choose to use any of the provocation techniques—wishful thinking, exaggeration, reversal, escape, distortion, or arising. Create a list of provocations and then use the most outlandish ones to move your thinking forward to new ideas.
Movement Techniques: develop provocation operations by the following methods: extract a principle, focus on the difference, moment to moment, positive aspects, special circumstances.
Challenge Idea Generating Tool: A tool which is designed to ask the question “Why?” in a non-threatening way: why something exists, why it is done the way it is. The result is a very clear understanding of “Why?” which naturally leads to fresh new ideas. The goal is to be able to challenge anything at all, not just items which are problems.
For example you could challenge the handles on coffee cups. The reason for the handle seems to be that the cup is often too hot to hold directly. Perhaps coffee cups could be made with insulated finger grips, or there could be separate coffee cup holders similar to beer holders.
Concept Fan Idea Generating Tool: Ideas carry out concepts. This tool systematically expands the range and number of concepts in order to end up with a very broad range of ideas to consider.
Disproving: Based on the idea that the majority is always wrong (Henrik Ibsen, John Kenneth Galbraith[who?]), take anything that is obvious and generally accepted as “goes without saying”, question it, take an opposite view, and try to convincingly disprove it. This technique is similar to de Bono’s “Black Hat” of the Six Thinking Hats, which looks at the ways in which something will not work.
Lateral thinking and problem solving
Problem Solving: When something creates a problem, the performance or the status quo of the situation drops. Problem solving deals with finding out what caused the problem and then figuring out ways to fix the problem. The objective is to get the situation to where it should be.
For example, a production line has an established run rate of 1000 items per hour. Suddenly, the run rate drops to 800 items per hour. Ideas as to why this happened and solutions to repair the production line must be thought of, such as giving the worker a pay raise.
Creative Problem Solving: Using creativity, one must solve a problem in an indirect and unconventional manner.
For example, if a production line produced 1000 books per hour, creative problem solving could find ways to produce more books per hour, use the production line, or reduce the cost to run the production line.
Creative Problem Identification: Many of the greatest non-technological innovations are identified while realizing an improved process or design in everyday objects and tasks either by accidental chance or by studying and documenting real world experience….
By 2025, China will build TEN New York-sized cities.
“[By 2025,] 40 billion square meters of floor space will be built — in five million buildings. 50,000 of these buildings could be skyscrapers — the equivalent of ten New York Cities.”
The High Line park comes to an abrupt end on the west side of Manhattan, as a chain link fence keeps anyone from stumbling into a massive train yard that handles much of the island’s commuter rail traffic.
Within a few years, that fence be will gone and an entire city block will have been built atop the 26-acre rail yard. Literally on top – the trains will continue to run on the same tracks they are on today, but a $1.5-billion platform will keep them out of sight.
Five thousand apartments will sprout from the newly-built artificial land mass, along with a million square feet of retail space and six million square feet of office space – the same amount that can be found in all of Saskatchewan. That’s three office towers, nine residential buildings and dozens of stores. There are also plans for a school, a cultural centre and 12 acres of open park space.
The $15-billion project is ambitious even by New York standards, and will result in an entirely new neighbourhood on what had been considered a fully built-out island. But in the meantime, much of the site is surrounded by wooden hoarding bearing the name of Canada’s largest real estate developer – Oxford Properties.
The project is the company’s bold step into the United States. And for the hundreds of thousands of pensioners and workers who rely on the company to generate solid returns to fund their retirement – Oxford is the real estate arm of the Ontario Municipal Employees Retirement System and owns and manages $17-billion of buildings – the stakes couldn’t be any higher.
This sliver of Manhattan is about to become a proving ground for some of the biggest players in Canadian real estate. Just across the street, Brookfield Office Properties, which is controlled by Toronto’s Brookfield Asset Management Inc., has its own project that will add millions more feet of office space.
That all of this is going ahead, despite the threat of another recession, illustrates the health of the Canadian property sector. Developers and landlords here came through the recession in far better shape than their American counterparts, due to tighter banking regulations and a healthier leasing market in Canada. They have the money, and are counting on better economic times in America’s largest city to make their bets pay out. (more…)
The United Nations estimates that on October 31st, the world’s population will reach 7 billion. Although the actual number is not certain, it does underlie the fact that our population is growing at an alarming rate. It took until the early 1800′s to reach the 1 billion mark, but the last 50 years alone have seen the births of 4 of the total 7 billion This rapid increase raises the question, how many more people can the earth sustain? Or have we already surpassed the earth’s capacity? Among the many people asking questions like this are Dr. Madeline Weld, President of the Ottawa-based Population Institute of Canada, and Robert Engelman, President of The Worldwatch Institute in Washington. They discuss how various factors – including access to contraception, the empowerment of women, poverty, consumerism, and the environment – apply to our population growth, now and in the future.
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_________RUDHROISM
“Be afraid, be very afraid…” I love this–I have thought about so much of what they discuss in this two person interview. Oil, a non-renewable resource has allowed us to “over-shoot” where we as humanity really oughtta be today. The ‘stlen’ or ‘free’ energy boost since the 1850s. The unsustainable industrialized production of foods such as corn. The inefficient production of meat. The fact that cultures have not changed, yet babies no longer die. Cultures dictated that a “real man” or a “real woman” reproduce at a rate much higher than necessary for population replacement. But this was so when if you had 8 children, 5 perhaps were not expected to reach reproductive age. Today all 8 will make it, and in turn produce 8 of their own children due to cultural memes such as religion which dictate that this is the ONLY WAY.
So many have disagreed with me. So many have called me simplistic to point to the growth of population as the REAL problem and climate change as merely a symptom. But it is in no way ‘Malthusian’ to ask, what is the POINT of ‘conservation’, ‘kyoto protocols’, ‘environmental awareness campaigns’ etc etc etc, if EVEN IF we maintain 1990 levels of pollution, carbon consumption, garbage, the number of showers a human takes, and how many times a toilet is flushed per day–thus water use…the food one eats and from whence it originates, IF?
There are 10 Billion, 20 Billion, or 100 Billion humans?
This is not an irrational observation, though I have been told it is. This is not a simple minded, non-intellectual, comment.
This is about the Tragedy of the Commons. This is about witnessing the growth of certain cities, such as Calcutta, Shanghai, Lagos, Mexico City, Tokyo etc and seeing that for a given level of infrastructure, from trains, buses, roads, all the way to the farming lands that feed and the water basins that provide potable water to these megalopoli–only a certain number of people can enjoy them before it all becomes a hellish experience of the scarcity of resources writ large, on a daily basis. No room for your child in school, no electricity, no water, no fresh fruits and vegetables, no room on the road for your car, no sufficient public services of any kind.
I have been told that life and economics is not like this, as eventually all people reduce their fertility rates when they reach a standard level of income. I actually have a minor in Economics and have studied a variety of theories on developmental economics. So I am not speaking from ignorance or ‘a little learning is a dangerous thing’. Listen to what is stated as ‘the scientifically sustainable human population’ in the audio link above.
I’d also recommend listening to Robert Wright’s Massey lectures on his book (or reading the book itself) called ‘The Short History of Progress’–where he shows that human history is filled with groups of humans not paying heed to the natural feedback loops of nature. We are a part of nature. And it frustrates me to no end, when humans in 2011 deny the unity that is humanity. There are no more ‘groups’–we are all one group, and are aware of this, in some respects yet not others.
We are all one. It doesn’t MATTER if you live in Edmonton, Mexico City or Calcutta. It doesn’t MATTER what your last name is, what religion you’ve been handed down or converted into and what this meme teaches you. There are basic facts about the sustainability of the human earthling population.
If you add to the population, it affects the whole world. But I don’t think humanity is yet ready to understand that we are indeed one.
“Earth (on the left) and the moon (on the right) as seen by NASA’s Juno spacecraft on Aug. 26, 2011, when the spacecraft was about 6 million miles (9.66 million km) away. The photo was taken by the spacecraft’s onboard camera, JunoCam.” – NASA
Somewhere out there in the vast nothingness of space,
Somewhere far away in space and time,
Staring upward at the gleaming stars in the obsidian sky,
We’re marooned on a small island, in an endless sea
Confined to a tiny spit of sand, unable to escape,
But tonight, on this small planet, on earth
We’re going to rock civilization… – Lyrics from “Prelude/Slam,” Pendulum
A NASA spacecraft cruising toward Jupiter glanced back and snapped a rare picture of Earth and the moon. Taken last week when Juno was 6,000,000 miles away, the image shows two white dots, one brighter than the other.
The solar-powered Juno blasted off earlier this month on a five-year journey to Jupiter. Though previous craft have visited the giant gas planet, Juno will get closer than ever before, flying within 3,100 miles of the dense cloud tops to learn more about Jupiter’s origins.
The $1.1 billion mission is managed by NASA’s Jet Propulsion Laboratory in California.
“This is a remarkable sight people get to see all too rarely,” said Juno principal investigator Scott Bolton of the Southwest Research Institute in a statement. “This view of our planet shows how Earth looks from the outside, illustrating a special perspective of our role and place in the universe. We see a humbling yet beautiful view of ourselves.”
THIS IS ACTUALLY NOT A “DIWALI” PHOTO, BUT ONE SHOWING INDIA’S POPULATION GROWTH OVER MANY YEARS:
“The photo is an overlay of shots highlighting India’s burgeoning population over several years. The white lights were the only illumination visible before 1992. The blue lights appeared in 1992. The green lights in 1998. And the red lights appeared in 2003.” –NASA
Cars have ruined our cities, our societies and are relationships–not to mention the more obvious environmental issues. I used to LOVE them…dream about them, yearn for them and have them define my concept of freedom, adulthood and status. I grew up in Edmonton though. Having since driven my last car from Vancouver to Toronto and sold it while it sat unused, cost me parking, insurance and other sundry charges–as I rode my bike or walked in the downtown splendour that is superurban downtown Toronto..I now just view them as moving chambers of internal combustion explosions–whether super new or an old beater: the technology is 150 years old. They are a hassle downtown, and I love that. ”Where do I park?” ”Where’s the gas station?” ”Shit! Another ticket??!!” ”My car’s broken down, I have to repair it for $2500…” “I still can’t find parking!?”
No more for me. And as an Urban Planning Grad Student in 2011, I relish the opportunities awakening in the cities of the world, to go back in time and redesign neighbourhoods and streets for human beings…
To rediscover what Jane Jacobs had referred to as the Ballet of the Streets of her beloved Manhattan. The death of the love affair with the car, is like how smoking is so frowned upon now…a paradigmatic shift is in the works, and as a soon to be professional Urban Planner, I can’t think of a better, practical, more necessary vocation.
Let the War on the Car begin. Let’s rediscover the joys of having Main Streets, not malls, and Eyes on the Street, not eyes in the rearview, and the strengthened Social Capital of familiar faces on the stroll home everyone.
-rudhro
Are we reaching ‘peak car’?
ANITA ELASH
Saturday, Oct. 22, 2011
Anyone who has been stuck in big-city gridlock lately may find this hard to believe, but millions of Westerners are giving up their cars.
Experts say our love affair with the automobile is ending, and that could change much more than how we get around – it presents both an opportunity and an imperative to rethink how we build cities, how governments budget and even the contours of the political landscape.
The most detailed picture of the trend comes from the United States, where the distance driven by Americans per capita each year flatlined at the turn of the century and has been dropping for six years. By last spring, Americans were driving the same distance as they had in 1998. (more…)
Like the legendary King Canute, who wisely resisted his courtiers’ advice to command the tides, the Supreme Court of Canada bowed to the inevitable this week by exempting the Internet from legal restrictions that have often been used to repress speech in traditional media.
In ruling that online writers can post hyperlinks to defamatory content without themselves becoming liable for defamation, the court nodded its approval to a flood that already seems beyond legal control.
The decision comes in the midst of a number of online events suggesting just that. In the Seattle area last week, a waitress destroyed the reputation of the wrong person when she inspired an Internet “flame war” against someone she mistakenly thought had failed to tip her. More seriously, Palestinian diplomat Linda Sobeh Ali was forced to leave her post in Ottawa after retweeting a link to a video, which she hadn’t watched, but which reportedly called for war “to destroy the Jews.”
Libels float so freely on Twitter that they have become their own species of communication: “twibels.” (more…)
Brooksley Born warned that unchecked trading in the credit market could lead to disaster, but power brokers in Washington ignored her. Now we’re all paying the price.
BY RICK SCHMITT PHOTOGRAPHY BY ERIKA LARSEN
MAR/APR 2009
SHORTLY AFTER she was named to head the Commodity Futures Trading Commission in 1996, Brooksley E. Born was invited to lunch by Federal Reserve chairman Alan Greenspan.The influential Greenspan was an ardent proponent of unfettered markets. Born was a powerful Washington lawyer with a track record for activist causes. Over lunch, in his private dining room at the stately headquarters of the Fed in Washington, Greenspan probed their differences.“Well, Brooksley, I guess you and I will never agree about fraud,” Born, in a recent interview, remembers Greenspan saying.“What is there not to agree on?” Born says she replied.“Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud,” she recalls. Greenspan, Born says, believed the market would take care of itself.
For the incoming regulator, the meeting was a wake-up call. “That underscored to me how absolutist Alan was in his opposition to any regulation,” she said in the interview.Over the next three years, Born, ’61, JD ’64, would learn first-hand the potency of those absolutist views, confronting Greenspan and other powerful figures in the capital over how to regulate Wall Street.More recently, as analysts sort out the origins of what has become the worst financial crisis since the Great Depression, Born has emerged as a sort of modern-day Cassandra. Some people believe the debacle could have been averted or muted had Greenspan and others followed her advice. (more…)
These videos may be the most incredible thing i’ve discovered online…(click under the first video to see the others–they get better each time–episode 9 is my favourite)
THE RATIONALITY OF CANADIAN REGULATORS AMUSES AND PLEASES ME.
-rudhro
Panel okays Buckcherry song as not ‘aimed at womanhood’
MICHAEL BABAD |
Wednesday, Oct. 19, 2011
“The panel reviewed some of the CBSC’s previous decisions involving the word ‘bitch’ and concluded that the use of the word in the song ‘Crazy Bitch’ did not reach the level of abusive or unduly discriminatory comment as the song only referred to one particular woman rather than generalizing all women as ‘crazy bitches,’” the CBSC said in a statement today.
The case stems from a complaint by a listener, who said it was offensive to women, after it was broadcast on CKQB-FM in Ottawa, so the panel looked at the issue under the human rights sections of the Canadian Association of Broadcaster code of ethics.
The panel said it’s troubled by the “lowering of the bar for coarse language,” but in this case it’s not a breach.
“The panel recognizes, however, that the complainant was also concerned about the context in which the term was employed in this particular song. She asserted that the message of the song was an objectification of women, in her words, that ‘a crazy bitch remains useful as long as she is good in bed.’ The panel does not agree with that interpretation; it does not consider that the expression ‘crazy bitch,’ as used in the song, is aimed at womanhood in general.”
When Jeff Walker purchased his home a decade ago in downtown Ottawa, environmental sustainability and transportation costs were a big reason.
“I had to sacrifice 20 per cent more space and yet pay 20 per cent more for the home, but I figured it was worth it,” said Walker, who is a vice-president and chief strategy officer at the Canadian Automobile Association. “I think it’s a calculus that many home owners do, especially since transportation in terms of time and money becomes a significant monthly overhead.”
The Toronto Board of Trade says the most pressing issue for the Toronto area is gridlock, costing the region $6 billion annually. A poll conducted for the board released last week says 61 per cent believe traffic congestion is at “crisis proportions.”
According to a Statistics Canada survey released in August, the Greater Toronto Area was once again the worst place to commute in Canada at 33 minutes.
Commute times and gas prices are two very big reasons that some buyers like Walker are avoiding the suburbs, even if they can get a bigger bang for their buck.
According to a recent U.S. based survey of agents by realty firm Coldwell Banker, the high cost of gasoline and long travel times is a major factor in influencing some home purchasing decisions.
Three quarters of agents said the a spike in gas prices influenced their clients’ decisions on where to live. Another 93 per cent said if gas prices continued to rise, more home buyers would choose to live somewhere closer to work.
“There is an implicit price that has to be paid for the length of a commute, whether it is in gas or in time,” said Phil Soper, CEO and president of Royal Lepage Real Estate Services. “The invisible hand of commerce is in the decision making process of urban verses suburban. People get a discount if they live in the suburbs and a premium when they live downtown.”
The 2004 documentary The End Of Suburbia argued that suburban sprawl is unsustainable. And that was when domestic crude was in the $37 range – where it has more than doubled today.
“America took all its post war wealth and invested it into something that has no future,” say the filmmakers.
That same year a study by University of Toronto civil engineering professor Eric Miller concluded that commuting costs and the extra expense of running a larger suburban home often eat into any mortgage savings.
What surprised Miller was that a similarly valued home in the suburbs also ended up costing more to run. That’s because you get more space for the dollar in the 905 compared with the 416.
But more space means higher utilities and maintenance.
The study didn’t include the value of time spent in the car traveling or the environmental impact of more pollution.
“I think the finding was that there is no such thing as cheap land, the further out you go, the more it will cost you,” said Miller. “And that comparison would be even more dramatic today since the cost of gas, cars and parking has gone up since then.” (more…)
Kevin O’Leary of CBC’s Dragons’ Den and Shark Tank cultivates the persona of a ruthless truth-teller.
But he came across as a shallow blowhard during an interview on his Lange & O’Leary Exchange show with Pulitzer Prize-winning journalist Chris Hedges in New York about the Occupy Wall Street movement.
Hedges, a former New York Times foreign correspondent and prolific author on social issues, sympathizes with the protesters camped on Wall Street. But he might have been forgiven for thinking an interview on Canada’s public TV network would be a little more high-toned.
Instead, O’Leary tore into Hedges, whom he misidentified as a protest organizer, and denigrated the protesters with oft-repeated criticism that they’re unfocused and leaderless.
“They want to reverse the corporate coup that’s taken place in the United States, that’s rendered the citizenry impotent,” Hedges replied.
“You sound like a left-wing nutbar,” O’Leary said.
“I don’t usually appear on shows who descend to character assassination,” said Hedges, clearly surprised by the personal attack but refusing to be baited. “You sound like Fox News.”
He went on to praise the ideas of Canadian thinkers such as John Ralston Saul, and the prudent banking system that helped Canada avoid the 2008 financial crisis that’s one of the motivating forces behind the Wall Street protest.
The “interview” ended civilly and O’Leary’s co-host thanked Hedges “for joining us.”
“It’ll be the last last time,” the former war correspondent replied.
“It was the night that hope was re-born, Nov. 4th, 2008, Grant Park, Chicago.
That night the young President-elect told his country that everything was possible.
But one year from the next election, the fate of Barack Obama and his country is in serious doubt.
The U.S. teeters on the cusp of another recession; unemployment is up; home foreclosure rates are up; political dialogue is as divisive and diabolical as ever; the war on terror and resultant infringement of civil rights continue unabated.
For the writer and journalist Chris Hedges it is a time when hope turns to ashes in the mouth.
His all-consuming fear is that it is fast becoming too late to turn things around.”
Hedge fund manager Kyle Bass had made a fortune betting against the subprime mortgage market when it collapsed in 2008. And now Bass is set to make lots more — from a Greek default.
Bass’ story is chronicled in Michael Lewis’ latest book, Boomerang: The Meltdown Tour, which tells the stories of the fiscal recklessness in both Europe and the U.S. that led to the current debt crisis.
Lewis tells Fresh Air‘s Terry Gross that Bass realized that governments around the world weren’t ending the 2008 financial crisis — they were just delaying it. So Bass decided that they would also likely fail.
“What he saw was that the debts that had been accumulating in the banking system were too large for governments to handle in some countries,” Lewis says. “In Ireland, the debts in the banking system were eight times the size of government tax revenues. In Iceland, it was even worse. It was bad throughout Europe. So he basically said, ‘What happens the next time there’s doubt in the system?’ People are going to ask the question, ‘Can governments afford to bail out these banks?’ And the answer the next time is going to be no … and then it’s really ugly because there isn’t a backstop.”
Bass bought credit default swaps, which are essentially insurance policies on government bonds. What that means is that if a government like Greece becomes unable to pay its own debt, Bass gets paid.
“[When he bought them] it was pretty implausible that the governments would not repay their debts,” Lewis says. “[But] we’re in a situation now where Greece will not repay its debt. He’s been proven right. So when he made these bets, he was alone in the marketplace doing this. … His vision was apocalyptic. … He would tell you that it starts with Greece, then with Spain and Italy, and he thinks France has unsustainable levels of debt and the markets will turn on the French government. But exactly how it [will] unfold isn’t clear.”
On Tuesday’s Fresh Air, Lewis looks at some of the institutions and individuals involved in the financial crisis in places like Greece, Ireland and Iceland — to determine what went wrong and who was involved in the current debt crisis.
In Greece, he says, the government initially disguised the true state of its finances with the help of U.S. bankers. Goldman Sachs, for example, did off-market currency trades with the government of Greece.
“[Those trades] enabled the Greek government to book upfront a big profit, but down the road [the Greek government] would have to repay Goldman Sachs quite a bit,” Lewis says. “So [Goldman Sachs] lent the government money without saying that’s what they were doing. If you did this in the corporate world, a bunch of people would be put in jail. They helped the Greek government rig its books so that they looked acceptable to the European Union so they’d be admitted to the euro[zone].”
After adopting the euro, Lewis says, Greece borrowed huge sums of money to do things like run the world’s most unprofitable railroad and pay people not to show up to their jobs.
“It’s a corrupt enterprise,” he says. “When a party came to power, they’d give away lots of goodies. You talk to, for example, Greek tax collectors and they say, ‘Our job is to be bad at our jobs. If you’re too good at trying to collect taxes from Greeks, you get fired.’ You talk to people who work for the government, and people are pretty clear that they regard these jobs as basically sinecures. It’s a horribly inefficient society, and the inefficiency has been encouraged by the financial markets.”
And Greece wasn’t the only country that hid its true financial state, Lewis says.
“This was not a one-off situation,” he says. “You look at the financial crisis in Europe, and the fingerprints of American investment bankers are everywhere. The financial collapse encouraged the worst sort of behavior. At the same time they were making bad loans in the United States, they were encouraging the same sort of behavior at the government level in Europe. The basic problem was, historically the role of the financier was to vet risk and make sure risk was evaluated. That got perverted in recent times, and instead the financier helped disguise risk.”
Michael Lewis is also the author of Moneyball, Liar’s Poker, The Big Short and The Blind Side. He is a contributing editor to Vanity Fair. (more…)
Chomsky reflects on 9/11 and the killing of Osama bin Laden.
September 6, 2011 |
We are approaching the 10th anniversary of the horrendous atrocities of September 11, 2001, which, it is commonly held, changed the world. On May 1st, the presumed mastermind of the crime, Osama bin Laden, was assassinated in Pakistan by a team of elite US commandos, Navy SEALs, after he was captured, unarmed and undefended, in Operation Geronimo.
A number of analysts have observed that although bin Laden was finally killed, he won some major successes in his war against the U.S. “He repeatedly asserted that the only way to drive the U.S. from the Muslim world and defeat its satraps was by drawing Americans into a series of small but expensive wars that would ultimately bankrupt them,” Eric Margolis writes. “‘Bleeding the U.S.,’ in his words.” The United States, first under George W. Bush and then Barack Obama, rushed right into bin Laden’s trap… Grotesquely overblown military outlays and debt addiction… may be the most pernicious legacy of the man who thought he could defeat the United States” (more…)