For some time now I’ve been wondering how to bring up a certain habit of thought that, as I see it, forms one of the taproots feeding the contemporary crisis of industrial civilization. That it had to be discussed here on The Archdruid Report I never doubted, but in the midst of a cascade of dramatic current events, that discussion can seem very nearly beside the point. When the system of hallucinatory finance that propped up the illusion of American prosperity for a quarter century may be going
Given the current state of the financial markets, I’ve found myself buying and reading books that help me understand either how we achieved these states or how we’ve muddled through similar crises. Two that are on my Amazon Kindle today are: A Conspiracy of Fools: A True Story, the story of creation, corruption, and destruction of Enron, and When Genius Failed: The Rise and Fall of Long Term Capital Management, the story of one of the first real hedge funds that nearly caused the collapse of w
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Scotts Valley, California (PRWEB) October 22, 2008 -- Internet marketing training provider Market Motive announced that the first class begins today for http://www.marketmotive.com/mcertification.php...
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The crime of the century. The greatest one ever. Author Danny Schechter calls it “Plunder.” The title of his important new book on the subprime and overall financial crisis. Economist Michael Hudson and others refer to a kleptocracy. A Ponzi scheme writ large. Maybe an out-of-control Andromeda Strain. An economic one. Deadly. Unrecallable. Science fiction now real life. Potentially catastrophic. World governments trying to contain it. Trying everything but not sure what can work. Maybe only able
EESA defrauds the public. Fleeces the treasury to reward criminal bankers. Arranged secretly behind closed doors. The $700 billion is just for starters. Another $150 billion was just added to it (discussed below). Trillions will be pilfered for this scheme. Millions of innocent people will suffer grievously. Crumbs at best are in it for them. This goes way beyond a subprime crisis as author Ellen Brown explains. The real problem is a “black hole of ($180 trillion in bank-held) derivatives.” If
In case the urge to watch Superbad strikes while you''''re waiting for the bus, you can rip the DVD to your hard drive, copy the file to your phone or other handheld device, and press Play — no DVD drive required.Of course, there''''s another very good reason to rip your DVDs: the discs are prone to scratches, which could render your videos unwatch
Was Google Instrumental In Ask.com''''s New Version? If you want to read my thoughts on Ask.com''''s relaunch, see what I wrote at Search Engine Land named Ask.com Goes Back To 1996 With New Release. Today, I want to take you through some interesting observations from a WebmasterWorld thread. Let me quote you one piece from Swanson, an old time WebmasterWorld member from 2004: I have it on good authority that the change has been requested by Google so that Ask can maintain a good quality score for
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