Monday Open Thread

by afew
Mon Jul 5th, 2010 at 11:21:36 AM EST

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...said Copernicus.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 5th, 2010 at 11:23:27 AM EST
If the universe cannot be said to have an "outside", when people say that it's expanding, they could also mean that the internal components are shrinking so that the same "space" seems more. The expanding universe could be the result of the diminishing ability of matter to maintain itself.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 5th, 2010 at 11:36:30 AM EST
[ Parent ]
Suppose you measure all distances (and sizes of objects) in terms of wavelengths of light...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 11:41:35 AM EST
[ Parent ]
that would imply that it's the substrate of the universe, on which matter and energy hang, that is shrinking.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 5th, 2010 at 11:44:08 AM EST
[ Parent ]
the substrate of the universe, on which matter and energy hang

Namely, spacetime?

Which, when you take seriously the possibility of it being dynamic and you do the math based on empirical observations, tells you that the substrate is expanding?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 11:47:42 AM EST
[ Parent ]
But if you do so, what about non-cosmological redshift and blueshift? An object approaching us from some point is more distant than one receding from the same point?

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Mon Jul 5th, 2010 at 12:27:57 PM EST
[ Parent ]
How can you tell gravitational redshift from cosmological redshift? Or can't you?

As for kinematical frequency shift, you can correct for it by observing that the light you get back is shifted from the one you sent out. Whereas if you send light out of a gravitational well and back again, you don't observe any shift...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 12:32:42 PM EST
[ Parent ]
How can you tell gravitational redshift from cosmological redshift?

Using anisotropies? The source (or the observer) could be non-point relative to the gravitational well, or move across it.

Regarding kinematic Doppler effect, from an astronomer's point of view, (1) you won't get light back in a lifetime, (2) all kinds of frequency shifts are identifiable the same way: emission/absorbtion line patterns are identified in spectra, and compared to laboratory wavelengths.

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.

by DoDo on Mon Jul 5th, 2010 at 01:10:52 PM EST
[ Parent ]
Using anisotropies? The source (or the observer) could be non-point relative to the gravitational well, or move across it.

Hey, I like that: using differential Doppler shift to measure tidal forces...

all kinds of frequency shifts are identifiable the same way: emission/absorbtion line patterns are identified in spectra, and compared to laboratory wavelengths.

This brings me to the following observation: the usual intuitive interpretation of the Hubble redshift as "galaxies moving away from us" is somewhat misleading, as it's not the galaxies that are moving but the spacetime that is expanding. The cosmological redshift is simply the ratio of the curvature of the universe today to the curvature of the universe at the time the light was emitted.

But if you get away from homogeneous, isotropic cosmological models the cosmological redshift becomes just the ratio of the local curvature here, now, at reception, to the local curvature there and then at emission, and then it's hard to distinguish it from gravitational redshift.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 04:53:38 PM EST
[ Parent ]
Why should the curvature be isotropic, either now or then?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jul 5th, 2010 at 05:50:29 PM EST
[ Parent ]
Mathematical tractability.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 06:54:17 PM EST
[ Parent ]
Which leaves open the possibility of better math.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Mon Jul 5th, 2010 at 10:23:39 PM EST
[ Parent ]
It's a computational problem. I should have said analytical tractability, that is, you can do it with pen and paper...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Tue Jul 6th, 2010 at 03:56:31 AM EST
[ Parent ]
One of the more interesting things about being here is how the discussions we have take place at an angle to the general public discourse. Afghanistan, for instance, is one where the currently accepted framing has been rendered meaningless to us because we have moved so far beyond it.

The economy is another where, if it weren't forpeople such as Krugman and Roubini, there might be a temptation to think that we exist in a topsy turvy world so great is the distance between our discussions and those happening in the wider world.

I feel energised by this, yet i feel frustrated too. There is an impotence of watching an avoidable car crash, yet unable to do anything but spectate.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 5th, 2010 at 11:42:32 AM EST
Human cultures cannot win against nature because the laws of physics are non-negotiable.

This means that if a human culture has institutions at odds with physical reality, it can't last.

However, that doesn't mean that one can thrive by having a closer grasp of reality than the surrounding culture, because one needs the surrounding culture to survive just like one needs to abide by the laws of physics.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 11:46:21 AM EST
[ Parent ]
That humans are social creatures, however incompetent, is a fact of nature as strong as any law of physics.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Mon Jul 5th, 2010 at 02:50:19 PM EST
[ Parent ]
I feel energised by this, yet i feel frustrated too. There is an impotence of watching an avoidable car crash, yet unable to do anything but spectate.

I totally understand that feeling.

I suspect many people feel this way; perhaps the mainstream narrative is mainstream because collective denial is more comforting than admitting we're in the collective shit. (And besides, it's always more comfortable being in the majority.)

Jesus died for somebody's sins but not mine - Patti Smith

by dvx (dvx.clt ät gmail dotcom) on Mon Jul 5th, 2010 at 11:58:52 AM EST
[ Parent ]
And it's so much more comfortable just not thinking.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 5th, 2010 at 12:19:28 PM EST
[ Parent ]
I've become comfortably numb



By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 12:22:26 PM EST
[ Parent ]
We're basically spectators and have been observing monumental failures for a long time, under Blair and Bush. With regime changes there was some hope that much touted changes would come, but they were so minimal so negligible that status quo causes considerable frustration. One thing is unclear why adepts of previous regimes are so upset and angry labeling even minimal cosmetic changes as a "socialist, communist" threat in US (and "nasty conservative" in UK).

Few words on news watching - before I never had opportunity to watch Fox News, however my visit to Chiangmai in Northern Thailand gave me this chance, in two hotels where I stayed Fox News was competing not with BBC, CNN but with Aljazeera, Malaysian Asia newschannel, Japanese NHK and Russia Today in English language news sector. One day Fox was covering Sarah's idiotic speeches, Cheney's illness, another - Russian spy story. Almost no international news coverage, US news only.

It is obvious Fox has single point agenda in portraying Obama as dangerous socialist but they do it so boringly. Their studios and images look so cheap, their shows are just talking heads, video images are poor, almost no musical, esthetically eye pleasing breaks, no jokes, just sad uninspiring crap. I was surprised - how Fox is leading in American TV ratings? What Americans find so hot on this boring channel?

The best newscoverage IMO is provided by Aljazeera, recently it has improved dramatically, with lavish studios, but they still have problems with covering events outside Middle East (despite fast-growing network of correspondents), so probably viewers in US, Latin America, Europe and Russia would not find their important stories on the channel. Then I would put CNN International (especially "idesk"), the only minus is participation in propaganda campaigns. BBC is just so-so (victim of political correctness), RT, NHK and other broadcasters are just plain boring.

by FarEasterner (avdavydov@yandex.ru) on Mon Jul 5th, 2010 at 01:18:00 PM EST
[ Parent ]
Sorry to say that FOX TV is ubiquitous here in the rural midwest: grocery stores, banks, cafes, truck stops... and on and on.

I used to confront the management, sometimes I still do. But mostly now I use by trusty TV-B-Gone purchased at the www.buzzflash.com website. I've found it works well on all TVs.

Great fun actually! We just need more of me!

If it were not for internet sources I would not have access to any real news.

NVA, a viable option when the political process fails.

by NorthDakotaDemocrat (NorthDakotaDemocrat at gmail dot com) on Mon Jul 5th, 2010 at 05:28:40 PM EST
[ Parent ]
oooh, that looks like a wicked gizmo.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 5th, 2010 at 05:49:24 PM EST
[ Parent ]
In the local hospital I have changed the channel to MSNBC or PBS as an act of subversion, turned the TV off or reduced the volume to zero. I do this routinely in public spaces if no one is watching. I have an allergy to Fox and prefer silence to most TV.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Mon Jul 5th, 2010 at 10:28:11 PM EST
[ Parent ]
I was surprised - how Fox is leading in American TV ratings? What Americans find so hot on this boring channel?

Just part of the dumbing down of America.  Take your soma ... feel no pain.  Go to sleep.

I love the smell of roast chicken in the morning!

by THE Twank (yatta blah blah @ blah.com) on Tue Jul 6th, 2010 at 06:15:30 AM EST
[ Parent ]
And thus you have beer.

I love the smell of roast chicken in the morning!
by THE Twank (yatta blah blah @ blah.com) on Tue Jul 6th, 2010 at 06:07:56 AM EST
[ Parent ]
I mentioned to a friend recently that there is a feeling here that we shold have let a lot of the banks go to the wall and tried, with  my limited understanding to explain why. Naturally I failed.

can anyone think of a diary that is like an non-Wall St perspective economics 101 about why we should have let everything fail ? Or have I, as usual, missed the point completely ?

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 5th, 2010 at 11:46:41 AM EST
We should have been ready to 1) let default happen; 2) pick up the pieces.

Picking up the pieces requires Big Government because you have to be able to come in and take control of infrastructure, you have to be able to come in and feed people suddenly made bankrupt or unemployed, and so on...

Big Government is needed to act as 1) lender of last resort; 2) market-maker of last resort; 3) employer of last resord; 4) consumer of last resort; and so on...

If you shrink government to the point where it is not large enough to be a last resort, and you staff it with mentally-captured dunces, your 1) cannot prevent big crises from happening; 2) you cannot pick up the pieces.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 11:52:35 AM EST
[ Parent ]
Seems to me that's rather the meta-answer to Helen's question, in that it is implicit in every response discussed seriously here (and not just in terms of the fincrisis).

Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Mon Jul 5th, 2010 at 12:10:57 PM EST
[ Parent ]
But letting default happen and picking up the pieces is exactly what proper regulatory banking intervention is about. The bank never ceases to operate for its customers, but the management gets wiped out, some of the bad debt gets written off and some money is injected to make the thing whole.

Instead, we got this.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 12:26:47 PM EST
[ Parent ]
Yes, but the key is to allow individual bank failures within a regulated environment. Otherwise you get the 19th century. The tension now is between corporate-protective regulation, appropriate regulation, and no regulation.
by asdf on Mon Jul 5th, 2010 at 01:05:16 PM EST
[ Parent ]
the key is to allow individual bank failures within a regulated environment

ABC News: Obama: No 'Easy Out' for Wall Street (Feb. 10, 2009)

Well, you know, it's interesting. There are two countries who have gone through some big financial crises over the last decade or two. One was Japan, which never really acknowledged the scale and magnitude of the problems in their banking system and that resulted in what's called "The Lost Decade." They kept on trying to paper over the problems. The markets sort of stayed up because the Japanese government kept on pumping money in. But, eventually, nothing happened and they didn't see any growth whatsoever.

Sweden, on the other hand, had a problem like this. They took over the banks, nationalized them, got rid of the bad assets, resold the banks and, a couple years later, they were going again. So you'd think looking at it, Sweden looks like a good model. Here's the problem; Sweden had like five banks. [LAUGHS] We've got thousands of banks. You know, the scale of the U.S. economy and the capital markets are so vast and the problems in terms of managing and overseeing anything of that scale, I think, would -- our assessment was that it wouldn't make sense. And we also have different traditions in this country.

Obviously, Sweden has a different set of cultures in terms of how the government relates to markets and America's different. And we want to retain a strong sense of that private capital fulfilling the core -- core investment needs of this country.

So, the FDIC has taken over 200 banks, sold them to other solvent banks, recapitalised them in the process, and they are going again. Too bad that is impossible because the US has too many banks...


By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 04:30:50 PM EST
[ Parent ]
Is the number of banks really the problem? They all play into the Fed system and are ultimately connected together. It might be harder to regulate thousands of independent banks, but if there is to be no regulation in the first place, it doesn't matter how many there are...
by asdf on Mon Jul 5th, 2010 at 07:05:04 PM EST
[ Parent ]
No, the number of banks was misdirection on the part of Obama.

"Oh, yeah, we can do nothing about it, we have too many banks, as the Preznit said".

Not only the FDIC is perfectly capable of handling hundreds of banks, but as Krugman put it:

But are we really thinking about thousands of banks? Here's Martin Wolf, today:
The four biggest US commercial banks - JPMorgan Chase, Citigroup, Bank of America and Wells Fargo - possess 64 per cent of the assets of US commercial banks (see chart) [chart not available online]. If creditors of these businesses cannot suffer significant losses, this is not much of a market economy.
So as far as this discussion is concerned, we've got, like, four banks. The "thousands of banks" line is just a diversion.
Oh, and "this is not much of a market economy", all right. Just ask Galbraith (the father).

But that is rather the point, too. This is not much of a market economy and private banks should have been dealt with by the authorities.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Tue Jul 6th, 2010 at 02:19:17 AM EST
[ Parent ]
Oh, I wasn't disagreeing, merely making a remark.

Jesus died for somebody's sins but not mine - Patti Smith
by dvx (dvx.clt ät gmail dotcom) on Mon Jul 5th, 2010 at 01:50:38 PM EST
[ Parent ]
The problem is that we allowed operations of financial corporations to become international while refusing to allow regulation to become international. We are still refusing to allow effective international regulation. The US TBTFs are still pushing into greater and greater risk. JP Morgan-Chase under Jamie Dimon has seen that it needs to become even more international so as to be even more impossible to regulate.

The dynamic of international economics and finance is unstable and will eventually blow up in an unstoppable collapse. The longer we allow it to continue the worse it will be. Mental capture of governments means that there will be no effective governmental action to prevent or unwind dangerous activity. Failure will occur when it is beyond the ability of public and private organizations to prevent a collapse.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer at eurotrib.com) on Mon Jul 5th, 2010 at 03:07:31 PM EST
[ Parent ]
In other words, we need a Wall Street-equivalent of the FDIC and a much heavier intervention from both the federal government and the Federal Reserve on behalf of households and businesses dependent on the liquidity.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (myfriends@thisispancakes.com) on Mon Jul 5th, 2010 at 01:42:27 PM EST
[ Parent ]
I still believe that we could create an unimpaired network of banks that could provide credit and liquidity independent of the existing mess, but that would be contrary to the interest of existing incumbents, so it will not be done -- at least prior to a collapse.

The game now is one of asset shuffling. Those with impaired assets are trying to get them fobbed off on the public and exchange them for assets that will retain value in a collapse. This will continue until the collapse occurs. This is another reason why the sooner the collapse the better.

Our entire system has become fraud based. Recovery cannot occur until that has been effectively dealt with. Currently powerful people need to go to jail.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer at eurotrib.com) on Mon Jul 5th, 2010 at 03:13:29 PM EST
[ Parent ]
we need a Wall Street-equivalent of the FDIC

I don't think so, because broker-dealers don't provide a public service like retail banks to with respect to payment clearing and settlement.

Liquidity in the money markets can be provided by the central banks to its member banks. If you're a nonfinancial corporation you have no business funding yourself in the short-term money market. Therefore a failure of wall street is not a problem requiring an insurance scheme (that's what clearinghouses are for, in any case, and margining - also, the SEC can nip a bubble in the bud by regulating the minimum margin requierements, which is a power it has even if it doesn't exert it).

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 04:39:11 PM EST
[ Parent ]
Any financial institution that has access to the Fed's discount window or "special purpose facilities" should be required to submit a plan for its own orderly shut down and be limited in the size of its exposure or should be denied such access.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Mon Jul 5th, 2010 at 10:32:04 PM EST
[ Parent ]
Maybe access to the discount window should be made easier, not harder.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Tue Jul 6th, 2010 at 02:12:21 AM EST
[ Parent ]
That would depend on the environment. Were it one of honesty and integrity on the part of financial corporations I might agree. But when we have an environment of regulatory capture and systemic fraud..No!

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Jul 6th, 2010 at 05:35:35 AM EST
[ Parent ]
Honesty of the corporations is not the issue, but regulatory capture is.

The discount window allows the regulator a peek into the balance sheet of the private corporation, which using open-market operations doesn't... But if the regulator is in hock to the regulated...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Tue Jul 6th, 2010 at 05:54:06 AM EST
[ Parent ]
Given that the USA has vested the most sweeping financial regulatory powers in the Fed, which is literally owned by some of the banks it is supposed to be regulating...

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer at eurotrib.com) on Tue Jul 6th, 2010 at 06:24:02 AM EST
[ Parent ]
If banks and financial institutions had been allowed to go down, the financial sector and those who thrive on it would have paid, at least partly, for their collective failure. As it stands, they are not paying, everyone else is.

That's not a full explanation, I know, but it's what seems to me the essential comprehensible point.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 5th, 2010 at 12:25:58 PM EST
[ Parent ]
when you were a kid, did you go behind the sofa when the music in a film got real doomy and you just knew something awful was going to happen?

blogs like ET stop you covering your eyes.

some days it does seem enviable not to see. but if we stay like that we are going to be more shocked later, whereas we do have time to try and see round the corner and dare i say prepare, tho' it's quixotic at best.

we get stronger facing the future without illusions, at least then if we get happy for a while every so often we know it's not because you're just wishing you were, and staying thick...

if anyone hits the ground running, it'll be those who don't go too deeply into shock, consensus paralysis, where your mind just goes round in circles saying 'ain't it awful, how could they? i can't deal with this...'.

sometimes we get through situations by the skin of our teeth, that's about the most positive thing i can think of saying right now.

it helps me to think of how unrattled the dalai lama stays. i swear that man would keep twinkling and grinning even if the world was flying apart in front of him...

" Nothing can bring you peace but yourself." R.W.Emerson

by melo (melometa4(at)gmail.com) on Mon Jul 5th, 2010 at 12:46:58 PM EST
[ Parent ]
I expect that "the end of the world as we know it" (TEOTWAWKI) will look a lot like "business as usual" (BAU) to me.

Insofar as things are already FUBAR, it will be a continuation of "situation normal", as they say in the military.

by eurogreen on Tue Jul 6th, 2010 at 06:14:14 AM EST
[ Parent ]
austerity will continue until morale improves...

" Nothing can bring you peace but yourself." R.W.Emerson
by melo (melometa4(at)gmail.com) on Tue Jul 6th, 2010 at 11:14:52 AM EST
[ Parent ]
BRUSSELS, Belgium -- That the Colombians were spying on and harassing their own people -- tapping judges' phones, threatening journalists' children, trailing human-rights workers -- seemed scandalous enough.

But recently-discovered documents reveal that Colombia's Department of Administrative Security (DAS) also conducted these activities on European soil, largely in Belgium, and even in the halls of the European Parliament.

And at least one victim of the intelligence agency's "Operation Europe" believes there is a Washington connection.



"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Mon Jul 5th, 2010 at 12:45:17 PM EST
From Jeremy Peters' NYT blog. On the left, the Economist. On the right, the original picture.

by gk (g k quattro due due sette "at" gmail.com) on Mon Jul 5th, 2010 at 01:03:24 PM EST
A long tradition of image manipulation continues...
by asdf on Mon Jul 5th, 2010 at 01:18:42 PM EST
[ Parent ]
I don't actually see what is so wrong. The picture is a cover photo, as such it must represent the narrative within and so is more metaphorical illustration of the bind that Obama is in over the oil spill rather than being a literal one.

Pictures in a paper are just decoration, they serve the narrative and if a little photoshopping is required so be it. It's not as if it told a lie in the way that the photos of Bush and the firemen after Katrina did.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 5th, 2010 at 01:19:35 PM EST
[ Parent ]
What? In one picture he's listening to an explanation, in another he's pensive, possibly defeated and you can't tell the difference? You want an illustration, draw the damn thing so we can tell you're making it up. Otherwise you're lying.
by Colman (colman at eurotrib.com) on Mon Jul 5th, 2010 at 01:26:18 PM EST
[ Parent ]
Oh, I can tell the difference. But this would imply that any composite frontpage photo was dishonest. But they're not. It's not a picture of what happened. It's a picture of Obama's problems.

If the picture was captioned, "Obama looks lost and defeated as he stares at the great imponderable" you might have a point, but it's the magazine's news-stand selling point, the advert that says "buy me, this is an interesting story". You might as well complain that the oil rig in the background isn't Deepwater Horizon (obviously) and so is a distortion of the real distance in the Gulf.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 5th, 2010 at 01:41:26 PM EST
[ Parent ]
How much does it matter to The Economist to sell on news-stands?

It sells, probably to a great extent by subscription, on its rep as a Serious™ outlet.

And that cover doesn't say "interesting story", it says "Obama dithering loser".

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 5th, 2010 at 04:53:12 PM EST
[ Parent ]
But he is one - on banking, too...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 04:55:15 PM EST
[ Parent ]
Sure, they need something to build on. They wouldn't try the same angle with John Wayne.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 5th, 2010 at 05:02:35 PM EST
[ Parent ]
And that cover doesn't say "interesting story", it says "Obama dithering loser".

That's a very literal reading. I suspect that, while the Economist were coming from that angle, they also recognised how the image sold the story; which is what a front page picture is supposed to do

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 5th, 2010 at 05:06:51 PM EST
[ Parent ]
Helen:
what a front page picture is supposed to do

We plainly disagree on The Economist's need to sell by means of the cover.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Jul 6th, 2010 at 01:27:07 AM EST
[ Parent ]
If the picture was captioned, "Obama looks lost and defeated as he stares at the great imponderable"

i saw a simple 'OOOooops!'

a shorter version of: 'i believed my own rhetoric, but my words, so lofty and noble-sounding, are turning to ashes in my mouth. what can i do? i'm in so deep now, how can i backpedal out of this? more rhetoric?'

it is true that with the others in the pic he looks professorial and professional, whereas framed alone, he's looking into the abyss...

his personal ambition risks losing to forces much greater than those he rode into power on. canute cannot turn back the toxic tide, icarus flew too close to the sun, now the wax of exceptionalism is melting off in black, greasy chunks. face it obama...your easy benedictions to BAU are going to break your spell over yourself. the fork in the road is there, how long are you going to wait, how many lives and livings before you have to admit to yourself that taking america down from its fossil fuel fantasy, and up to the level of truth, is why you were elected, not just to pass out valiums. BP is just the tip of the iceberg, and your campaign rhetoric shows you know it.

all that golfing now you're in-like-flynn seems a little inappropriate. soon michael moore will catch up to you, and you'll have a bushian 'watch this drive!' moment, superimposed over dead pelicans.

the abyss is looking at you.  

" Nothing can bring you peace but yourself." R.W.Emerson

by melo (melometa4(at)gmail.com) on Tue Jul 6th, 2010 at 03:09:19 AM EST
[ Parent ]
Yea, that's more or less what I saw and felt, despite that I disagree with it, it was a valid editorial comment

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Jul 6th, 2010 at 07:05:50 AM EST
[ Parent ]
yes, probably you're right here. But from the cover I first thought about irrepairable damage Obama caused to US-UK relations because of his unflexible attitude towards BP, the pride and honor of Britain. Even if the British company is liable for huge fines, the more damage was caused by vicious culture of witchhunt prevailing in American media and (possibly, but I have no first hand knowledge) society. I asked once poemless why like this - after watching for few hours and days various American channels from different parts of the country I noticed surprising uniformity of events covered, opinions expressed which grew only more and more absurd and belligerent over the time. And they cover almost no local news, only pan-US stories.
by FarEasterner (avdavydov@yandex.ru) on Mon Jul 5th, 2010 at 01:41:43 PM EST
[ Parent ]
Irreparable? They got over 1776 and 1957; they'll get over this... (I was in London a week ago, and I didn't get the impression that anybody outside the press cared much about this anyway).
by gk (g k quattro due due sette "at" gmail.com) on Mon Jul 5th, 2010 at 02:35:58 PM EST
[ Parent ]
I forget to put "" to my phrase to underline irony. "Irrepairable damage" is discussed by British media coverage of oil spill and we discuss exactly that.

But American media is one of the worst in the world, Americans should admit it.

by FarEasterner (avdavydov@yandex.ru) on Mon Jul 5th, 2010 at 03:00:18 PM EST
[ Parent ]
FarEasterner:
irrepairable damage Obama caused to US-UK relations because of his unflexible attitude towards BP, the pride and honor of Britain

haha. that was our grandfather's BP, and a national myth anyway.

national denial about 'good' corporations has been a warm blanket for too long. if britain can't find better symbols for 'pride and honor' by now she's in deep doo. not that obama makes any sense on this either... i keep expecting him to go sailing (in clean waters) with hayward any day.

getting his life back to front...

" Nothing can bring you peace but yourself." R.W.Emerson

by melo (melometa4(at)gmail.com) on Tue Jul 6th, 2010 at 03:18:08 AM EST
[ Parent ]
In other words, in one picture he's listening to local officials.  In the fake one, he's Jimmy Carter (or what the press tries to portray Jimmy Carter as).

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (myfriends@thisispancakes.com) on Mon Jul 5th, 2010 at 01:52:22 PM EST
[ Parent ]
well reportedly this is a Reuters  photo, and they are somewhat upset with the breach of their copyright.

never let desperation get in the way of judgement.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Jul 5th, 2010 at 01:41:33 PM EST
[ Parent ]
If they take action, that will be fun to watch.

But I have no expectations of the Econo beyond Smith-ish Sovietisation. If Comrade Trotsky is not permitted to exist, then Comrade Trotsky must be removed from the image.

No difference here.

What - people think because the Econo writes in English they're somehow different, and not just Pravda for posh-boys?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jul 5th, 2010 at 05:58:48 PM EST
[ Parent ]
Isn't all media Pravda for somebody?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Wed Jul 7th, 2010 at 08:35:53 AM EST
[ Parent ]
Not in a Photoshoppy Winston Smith kind of a way.

Except in the US, apparently.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jul 7th, 2010 at 08:38:22 AM EST
[ Parent ]
Keynes is alive! HE'S ALIVE!

About a month ago, Mr. Golata, a Sam's Club member, clicked through the retailer's Web site and found a page describing S.B.A. loans offered by the retailer. He filled out an online application, and, by the next day, got a phone call from Superior Financial telling him he was approved for a $10,000 loan, with an interest rate of 7.25 percent over 10 years.

"It made the payment, like, $118 a month. I thought I was dreaming," Mr. Golata said. Mr. Golata immediately bought the Dodge, and hired three drivers. He went from billing U.P.S. $3,000 a week to $8,000, he said.

A little under half of Sam's members are small-business customers, and they account for a little more than half of the revenue at the retailer. As its net sales began to slip last fall, Sam's surveyed small-business customers and found that tight credit was partly to blame.

Read more...

NB. 1957 is the year that the RFC was dissolved, finally.

Diversity is the key to economic and political evolution.

by Cat on Mon Jul 5th, 2010 at 02:00:09 PM EST
World Cup 2010: Luis Suárez told by text he is world's best goalkeeper | Football | guardian.co.uk

The Holland keeper, Maarten Stekelenburg, has revealed that he has sent a text message to Luis Suárez nominating his Ajax team-mate for the World Cup's best goalkeeper award.

Suárez will miss the World Cup semi-final between Uruguay and Holland in Cape Town tomorrow as a consequence of the handball in the final seconds of extra-time that denied Ghana a place in the last four during the team's quarter-final on Friday.



*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Mon Jul 5th, 2010 at 02:00:32 PM EST
maybe deadly dangerous. This horror story happened last year but I learned about it only now.

Remember the case of George Appleton who was finding his victims on Facebook? One Russian woman went even further.

The murderer was killing her lookalikes from odnoklassniki.ru (the article is compiled from different sources including newsru.com and translated by using google translate then edited by me)

46-year-old Julia Pecheneva developed a perfect murder scheme, choosing her victims - single women, looking similar to her as two drops of water.

The two-legged predator put an end to at least three lives, and was caught only by chance. After murdering last victim, she had no time to hide the body because new owners of the apartment [which belonged to the victim and which Julia sold] moved in earlier than she had expected.

Besides selling property of victims Julia Pecheneva was also taking loans from banks on victims's passports. This is how she was eventually found.

The poltergeist

One month ago Odintsovo (a locality near Moscow) was terrified by shocking news. A young couple, on entering newly bought apartment in the neighborhood Dubky, discovered on the balcony disfigured and decapitated human body.

The police officer, who was investigating the murder, tells about a riddle: "It was found that dead woman was previous owner of the flat. However the stage of disintegration of the body did not match to statement of young couple which told police that they met the pretty smiling woman just few day before entering the flat when they were finishing formalities of the deal.

Julia Pecheneva had sold the apartment posing as Svetlana Sokolova (real owner of the flat) using almost perfect resemblance to her victim.

Scheme

Policemen are rational people, and do not believe in otherworldly forces. They offered incredible explanation: the apartment was sold not by the owner but by her lookalike. But even they, seasoned inspectors, were amazed at skills of the murderer when she was finally detained.

Julia Pecheneva almost all her free time was spending on the Internet. On odnoklassniki.ru [schoolmates] and vkontakte.ru [Russian Facebook] and other social networking sites, this woman was looking for ... her lookalikes. And once she found such women, she was attacking prey as she-wolf.

"Julia developed friendship with victims, by finding common interests", the investigator tells. "Svetlana Sokolova, for example, had a dog. So the criminal bought the same kind of dog and started correspondence pretending to be passionate caninelover. When she had learned habits of the lives of future victims in enough details, she was beginning to act boldly and quickly.

Julia wrote to her new "friend" that she was going to buy an apartment and asked for a visit. However, she already knew that the victim was living alone and noone would disturb her terrible plan. Svetlana Sokolova, for example, on her personal page in the "Classmates" had no friends, even no female acquaintances. During visit, Julia killed Svetlana in cold blood, and after dissecting the corpse, she hid the body [on balcony, apparently planning to get rid of it later].

This time the murderer had run out of luck: new owners of the apartment were too impatient and moved in before the criminal managed to get rid of the body.

"As it turned out, Julia has a long trail of blood", the investigator says. "She was under federal investigation for two similar crimes committed in St. Petersburg. After selling apartment, the criminal also took huge loans on victims' passports. It was virtually impossible to catch her. When real owner of passport and property was discovered dead she was already far away. Moreover, we knew only the murderer has fairly standard appearance and absolutely nothing else!"

by FarEasterner (avdavydov@yandex.ru) on Mon Jul 5th, 2010 at 02:41:57 PM EST
The poltergeist

Isn't Doppelgänger the proper term?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 04:32:45 PM EST
[ Parent ]
The poltergeist (ghost) was apparent main suspect. I don't know if poltergeist has another meaning in your culture, in Russia it's called also "barabashka".
by FarEasterner (avdavydov@yandex.ru) on Tue Jul 6th, 2010 at 03:43:50 AM EST
[ Parent ]
Doppelgänger - Wikipedia, the free encyclopedia

Doppelgängers, as dark doubles of individual identities, appear in a variety of fictional works from Fyodor Dostoyevsky's "The Double" to Al-Tayyib Salih's Season of Migration to the North to Ralph Ellison's Invisible Man. In its simplest incarnation, mistaken identity is a classic trope used in literature, from Twelfth Night to A Tale of Two Cities. But in these cases, the characters look similar for perfectly normal reasons, such as being siblings or simple coincidence.

Some stories offer supernatural explanations for doubles. These doppelgängers are typically, but not always, evil in some way. The double will often impersonate the victim and go about ruining them, for instance through committing crimes or insulting the victim's friends. Sometimes, the double even tries to kill the original. The torment is occasionally earned; for instance, in Edgar Allan Poe's short story "William Wilson", the protagonist of questionable morality is dogged by his doppelgänger most tenaciously when his morals fail. A similar device is employed in Fyodor Dostoyevsky's short story "The Double: A Petersburg Poem". When doppelgängers are used as harbingers of impending destruction, they are almost always supernaturally based.[15] Some works of fantasy include shapeshifters, as either talented individuals or as a separate race, who can mimic any person.

whereas

Poltergeist (from German poltern, meaning "to rumble", "to make a noise" and Geist, meaning "ghost" or "spirit") is in mythology and folklore a ghost, spirit, entity, demonic spirit or being that manifests itself by creating noise or moving objects.
A poltergeist is not generally a humanoid spirit.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Tue Jul 6th, 2010 at 03:55:34 AM EST
[ Parent ]
But police did not suspect humanoid spirit. "Doppelganger" might be used by Dostoyevsky but modern Russians don't know such word, always using "Poltergeist" for explaining anything incomprehensible.
by FarEasterner (avdavydov@yandex.ru) on Tue Jul 6th, 2010 at 12:02:35 PM EST
[ Parent ]
I was thinking this would make a great thriller movie, and then remembered the film Single White Female, where the villain doesn't look like the heroine but she changes her appearance to look like her.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Mon Jul 5th, 2010 at 04:59:12 PM EST
[ Parent ]
We had something like that in the UK once, with a formerly male politician deliberately making himself increasingly difficult to distinguish from a formerly female one.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jul 5th, 2010 at 06:01:03 PM EST
[ Parent ]
A brighter Russian story: Moscow Metro forced to delay opening of `depressing' Dostoevsky station

The opening of a Moscow Metro station named after Fyodor Dostoevsky has been postponed after complaints that murals decorating the platform walls are too depressing. The images, drawn from the 19th-century novelist's works, could prompt depressed commuters to kill themselves, critics say.

One scene, right, depicts a man preparing to hit a woman with an axe while another lays dying at his feet -- inspired by Rodion Raskolnikov in Crime and Punishment. Another shows a man holding a gun to his head -- based on The Devils, in which Kirillov commits suicide as a declaration of freedom. A stern portrait of the author is also among the Florentine mosaics.

Mikhail Vinogradov, a Moscow psychologist, said that the station could become a magnet for people considering suicide. Bloggers on Russian internet sites condemned the designs as "grim" and "suicidal" and the Komsomolskaya Pravda newspaper questioned whether such images should be on view in the Metro "where people are nervous already" after the terrorist bombings in March that killed 40 people.

The opening of the station had been timed to coincide with the Metro's 75th anniversary today but a spokesman admitted that it had been delayed indefinitely because of the criticisms ....

by das monde on Mon Jul 5th, 2010 at 11:32:52 PM EST
[ Parent ]
All they need is to get Disney to design it for them.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Jul 6th, 2010 at 01:31:05 AM EST
[ Parent ]
this is hilarious, all that work...

now they need to strip all that dark shit out and put in a glorious tolstoyan vision of happy farmers bringing in the sheaves, like the ukrainian estates before stalin.

quick, before poland puts in a kafka terminal, or victoria station gets an orwell theme remake!

" Nothing can bring you peace but yourself." R.W.Emerson

by melo (melometa4(at)gmail.com) on Tue Jul 6th, 2010 at 03:28:07 AM EST
[ Parent ]
For Paris, we need an Emile Zola station.

Selected scenes from L'argent, illustrating financial bubbles and international bank failures. Scenes from La Curée, illustrating real estate speculation and political corruption. The ambiance of the Second Empire prefigures perfectly the atmosphere or the modern French ruling classes, as the modern Prince-Président Sarko pursues his stealthy coup d'état.

by eurogreen on Tue Jul 6th, 2010 at 05:22:54 AM EST
[ Parent ]
What about scenes from La Bête humaine?
by gk (g k quattro due due sette "at" gmail.com) on Tue Jul 6th, 2010 at 06:07:03 AM EST
[ Parent ]
full of drunken soldiers heading for certain doom?

Yes, that would work.

by eurogreen on Tue Jul 6th, 2010 at 06:20:37 AM EST
[ Parent ]
There is a Kafka "express" train from Prague to Munich. No idea what it looks like.

As for Orwell, the following picture from Barcelona has already appeared on ET.

by gk (g k quattro due due sette "at" gmail.com) on Tue Jul 6th, 2010 at 06:11:02 AM EST
[ Parent ]
In the Goya station of the Madrid metro the platforms are lined with an exhibit of Goya charcoals which are, occasionally, disturbing. Of course, we're not talking about huge murals in this case...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Tue Jul 6th, 2010 at 03:43:59 AM EST
[ Parent ]
by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jul 7th, 2010 at 08:43:45 AM EST
[ Parent ]
Having some fun with the text-to-movie tool from Xtranormal:



And the world will live as one

by Montereyan (robert at calitics dot com) on Mon Jul 5th, 2010 at 06:40:03 PM EST
cute... the little moron is adorable as his brain overloads.

" Nothing can bring you peace but yourself." R.W.Emerson
by melo (melometa4(at)gmail.com) on Tue Jul 6th, 2010 at 03:29:48 AM EST
[ Parent ]


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