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Wednesday Open Thread

by dvx Wed Feb 27th, 2013 at 12:05:27 PM EST

Heard any good ones lately?


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The third guy ducks.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Wed Feb 27th, 2013 at 12:06:52 PM EST
"Recovery is just around the corner." - Olli Rehn (Loose translation)

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Feb 27th, 2013 at 12:10:12 PM EST
Oops, looks like we have two Wednesday Open Threads. :-)
by Fran (fran at eurotrib dot com) on Wed Feb 27th, 2013 at 12:21:52 PM EST
Save one for next week. :-)
by Katrin on Wed Feb 27th, 2013 at 12:26:08 PM EST
[ Parent ]
this blog ain't big enough for the both of you

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 27th, 2013 at 12:26:21 PM EST
[ Parent ]
Helen, maybe you can post your comment about the book you are reading once more, as I deleted the OT.
by Fran (fran at eurotrib dot com) on Wed Feb 27th, 2013 at 01:00:46 PM EST
[ Parent ]
This blog is only big enough for one open thread.



Skepticism is the first step on the road to truth. -- Denis Diderot

by ATinNM on Wed Feb 27th, 2013 at 12:36:24 PM EST
[ Parent ]
So ? Which is it to be ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 27th, 2013 at 12:37:57 PM EST
[ Parent ]
Uuuhhh, I've been shot. :-)
by Fran (fran at eurotrib dot com) on Wed Feb 27th, 2013 at 01:01:18 PM EST
[ Parent ]
you bin deaded

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 27th, 2013 at 01:07:50 PM EST
[ Parent ]
OMG, I don't know how I am going to survive that.
by Fran (fran at eurotrib dot com) on Wed Feb 27th, 2013 at 01:16:11 PM EST
[ Parent ]
Living dead.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 27th, 2013 at 01:59:43 PM EST
[ Parent ]
There are interesting rumours that UKIP are beginning to enjoy a late surge at the by-election in Eastleigh which will be held tomorrow.

Probably not enough to win, but possibly enough to beat the Tories into 3rd place.

If that happens, civil war will erupt within the Tory party which might split it apart. Such fun !!!

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 27th, 2013 at 12:57:36 PM EST
I'm currently reading, well skimming, a book about the early days of the Beatles and it is staggering the extent to which Brian Epstein made terribly bad deals which costs the band tens of millions of pounds.

He was just unbelievably incompetent. I'd not realised that before

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 27th, 2013 at 01:10:00 PM EST
Epstein became their manager in 1961 (?) before the hoopla started.  I always assumed he never, really, grasped how quickly the pop music industry was changing, in part driven by the Beatles, over the next six years and kept giving the store away.

Skepticism is the first step on the road to truth. -- Denis Diderot
by ATinNM on Wed Feb 27th, 2013 at 01:17:32 PM EST
[ Parent ]
Yes, he certainly kept giving the store away. One deal alone cost them £100 million from '64 - '67.

He was simply unable to understand the deal making process and should have employed somebody to do it for him.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 27th, 2013 at 01:24:09 PM EST
[ Parent ]
**Doom!™**

If you want to know what they're selling, it's here.

Damn those wicked pensioners and their greedy, grasping, stability-destroying ways.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Feb 27th, 2013 at 01:22:12 PM EST
Buy our shit for £20 a month and if enough of you rubes do, we'll be okay when the UK goes down the toilet

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Feb 27th, 2013 at 01:27:02 PM EST
[ Parent ]
The danger is rising interest rates? From ZIRP to something? The danger is that retirees might be able to make some interest income off of their savings before they spend the principle sum?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Feb 28th, 2013 at 02:26:55 AM EST
[ Parent ]
Have the last few versions of firefox got very slow over the past weeks or is it just me?

-----
sapere aude
by Number 6 on Wed Feb 27th, 2013 at 01:41:29 PM EST
yes, i have that too, chrome is much faster and doesn't mess up with the new coding of the site on my puter, FF is crashing quite regularly too, and shutting down the app and reopening it is making a big difference too.

if it weren't for trib ext i would have changed browsers by now.

"We can all be prosperous but we can't all be rich." Ian Welsh

by melo (melometa4(at)gmail.com) on Wed Feb 27th, 2013 at 01:52:07 PM EST
[ Parent ]
This continues to be really strange. Chrome (for PC with XP) displays ET horribly for me, with false colours. Firefox (now 19, sigh), is fine.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 27th, 2013 at 01:57:46 PM EST
[ Parent ]
France accused of cover-up over Tunisian dictator's gold | The Times

France was accused of a cover-up yesterday over claims that Zine el-Abidine Ben Ali, Tunisia's former dictator, and Leila Trabelsi, his spendthrift wife, had flown 1,800 gold ingots out of the impoverished African country to pay for their life of luxury in exile.

The gold, worth €72 million (£62.2 million), was transported through French airports, according to customs officers, despite a European Union pledge to freeze the fallen despot's assets.



"We can all be prosperous but we can't all be rich." Ian Welsh
by melo (melometa4(at)gmail.com) on Wed Feb 27th, 2013 at 02:12:18 PM EST
New Economics Foundation: How can we link monetary systems to the natural world? (27 February 2013)
Money may not grow on trees, but it does grow at a much faster rate - particularly when created by banks as interest-bearing debt. In modern economies, nearly all money is created in this way. To maintain a stable money supply, debtors must repay both the initial loan and the interest on the loan.  This means we need either economic growth at a rate in line with the interest on the debt and/or inflation, both of which we've had a great deal of in the past century.

But back in the real, natural world, there are limits to growth. The ultimate limit is energy, something all production requires. Humans require food to survive and re-produce. To create this food we need energy, energy that comes, ultimately, from the sun.

...

We need to create a better feedback mechanism between money - our universal unit of account, store of value and means of exchange - and energy, the universal source of life. We've released a new report today on energy currencies - the first attempt to review existing proposals and projects that link money to energy, or vice versa. We present a typology to help understand the different functions that these energy currencies can fulfil, in terms of both anchoring money in the natural world and encouraging more sustainable economic activity.  We include case studies of a variety of different approaches to the problem:



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Wed Feb 27th, 2013 at 03:28:26 PM EST
If the goal is to "learn from the natural world" I will humbly suggest it might be illuminating to learn about Biology.  If a person did they would learn Biological Systems and the organisms and interaction of organisms that comprise Biological Systems are a whole bunch more complicated than:

The ultimate limit is energy.

Energy is a limit.  It's not the only one.  And, in some cases, it isn't the pertinent one at the current time step, in the current 'What Be Going On.'

Skepticism is the first step on the road to truth. -- Denis Diderot

by ATinNM on Wed Feb 27th, 2013 at 03:51:14 PM EST
[ Parent ]
The ultimate limit is entropy. Economics should create systems with global, as opposed to localised, negative entropy.

If you're creating positive entropy by wasting energy and resources, you might as well not bother.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Feb 27th, 2013 at 06:52:15 PM EST
[ Parent ]
And predatory finance is perfectly happy to waste $9 billion in order to put $1 billion into their bonus pool. For them, what is not to like. A positive prescription for increasing entropy. It is like telling a mob that there are $100 bills hidden inside some of the books in a library stack.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Feb 28th, 2013 at 02:32:46 AM EST
[ Parent ]
The Daily Show was rather scathing yesterday/today, depending on where you are.  John Stewart started off with a brief summary on the new "merger mania" that's sweeping Wall Street, asking why now, and why ever, given that it's failed so badly before.  Then a new contributing comic, one I'd not seen before, came on with a cutting "evil capitalist" routine, complete with a dictionary he'd personally bought and created to bring his own newspeak words into the dictionary, like Greeb, which is the desire to own everything even after one already owns everything.
by Zwackus on Thu Feb 28th, 2013 at 04:32:40 AM EST
by gk (g k quattro due due sette "at" gmail.com) on Thu Feb 28th, 2013 at 07:27:34 AM EST
More horsemeat
Shockwaves rocked the world of haute cuisine today after Napa Valley health authorities discovered the iconic 3-star Michelin restaurant The Horse & Pony featured horse meat in all 18 courses of its signature chef's tasting menu.
by gk (g k quattro due due sette "at" gmail.com) on Thu Feb 28th, 2013 at 08:50:52 AM EST


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