This week’s poem of the week is Robert Frost’s Nothing Gold Can Stay.
Category Archives: Front Page
Rant of the Week: 12/2/07-12/8/07
Everyone knows that government regulations are ridicules and overly complex. But sometimes it is hard believe just how ridicules they are.
Essay of the Week: 12/2/07-12/8/07
Have you ever wondered what the end of civilization looks like? Have you ever wondered what causes civilization to collapse? Read this essay and all your questions will be answered. Read the Police Inspector’s blog if you think that this essay is describing an isolated problem. In fact, his latest post will put a more personal touch on the essay.
Three Links for Sunday Reading
A long time ago as far as most people’s memory’s go, Japan had a major real estate bust that lead to a major economic downturn. To fight the down turn Japan’s government borrowed massively to pour a lout of concrete. Now Japan is starting to pay the price. Spiegel has the story.
China’s government thinks that it can set prices for all kinds things. From oil to currency, there is little of importance that trades freely in China. Now this fetish for control is beginning to have predictable economic affects. The Australian has the story.
We are all religious fundamentalists. Our values are not shaped by reason because reason has nothing to say when it comes to values. Nothing illustrates this like the argument over killing cats to save birds. New York Times has a detailed look at the problem.
Bad News From Florida
The debacle in Florida, namely a $27 billion short-tern investment fund being frozen after the revelation it held $700 million of defaulted debt (today reported as $900 million) led to $12 billion in withdrawals, is producing a cash crisis at the government entities that hadn’t gotten their money back.
Aside from the troubles this impairment is creating in and of itself, it will feed “run on the fund” behavior if any other government-operated funds encounter similar difficulties.
Them Curious Japanese
There is this great Japanese TV program that seeks to answer ridiculous questions. The first time I saw a clip from this program it revolved around the question of whether a Samurai sword could really deflect .50 bullets. I was sure that no sword could do that, but it turns out that they can if the bullets strike the sword on its edge. Admittedly this effect only lasts for a couple of bullets before the sword is fatally weakened. But that is still pretty impressive.
The program below seeks to answer the question of whether the world champion fast walker would run or walk if his life was in danger.
There are plenty of jobs; it’s just that no one wants them.
I always get mad when I hear people spouting off about how the immigrants are taking away jobs from those poor blue collar Americans. Speaking as a blue collar American, I know that this is not so. There are plenty of good jobs out there for blue collar Americans; you just have to want Click Here to continue reading.
It is getting closer every day
Police in Slovakia and Hungary have busted a black-market ring allegedly aiming to sell nuclear contraband on the eastern frontier of Europe, Slovak authorities said late Wednesday. Three people have been arrested for trying to sell 1 kilogram (2.2 pounds) of enriched uranium for for €680,000 ($1 million).
Is this funny or sad?
From the comment section at Calculated Risk….
You know what cracks me up though (just a final word on FL vs. NY?) Forbes just listed Binghamton N.Y. as one of America’s hottest RE markets. Oh man I can’t get over THAT one.
It’s “hot” only because you won’t lose your shirt on a house you bought there last year…!
Since “Dale” is someone who is unknown to me, I had to check this out. I could not find the Forbes article that he mentioned online, but I did find this article that seems to back up his claim. It mentions a Forbes article and it shows that prices in Binghamton have gone up almost 20 percent since last year. That puts Binghamton in second place (just under Salt Lake City) in terms of real estate appreciation over the last year.
Who would have ever thought that Binghamton’s real estate market would one day do better then almost every where else in the country?
What is the difference between a riot and an insurrection?
France is having trouble with rioters again. But this time it is different……
In one sense, the unrest seems to be more menacing than during the early days of the three weeks of rioting in 2005. Then, the youth seemed disorganized, their destruction largely caused by rock-throwing and arson and aimed at the closest and easiest targets, like cars. This time, hunting shotguns, as well as gasoline bombs and rocks, have been turned on the police.
“From what our colleagues on the scene tell us, this is a situation that is a lot worse than what we saw in 2005,” Patrice Ribeiro, a police officer and senior union official, told RTL radio Tuesday. He added, “A line was crossed last night, that is to say, they used weapons, they used weapons and fired on the police. This is a real guerrilla war.”
Ribeiro warned that the police, who have struggled to avoid excessive force, would not be fired upon indefinitely without responding.
More than 80 police officers already have been wounded the clashes, several of them seriously, Ribeiro said later by telephone. Thirty of them were hit with pellets from shotguns, and one of the wounded was hit with a type of bullet used to kill large game, he added. It is legal to own a shotgun in France – as long as the owner has a license – and police circles were swirling with rumors that the bands of youth were procuring more shotguns.
Here is a news clip from the early days of the rioting…
Here is more footage of the early rioting…
This is from the second day. Anti-France in its view point.
To be fair to the French, this time the riots did not last long. This from CNN…..
French suburbs stayed relatively calm Wednesday night after 1,000 riot police were deployed to quell disturbances that began when two teenagers died in a collision with a police car, French officials said.
Wednesday was the fourth night of unrest that on prior nights resulted in violent clashes between angry youths and police, and the burning of buildings and cars from the Paris suburbs to the southern city of Toulouse.
No injuries to police were reported, Laurente Wittek, a spokeswoman for the Interior Ministry, told CNN. She said Thursday that there had been a “clear reduction” in the rioting.
Meanwhile, French President Nicolas Sarkozy vowed to punish those responsible for shooting at police. Sarkozy met Wednesday with the families of the youths on the motorcycle who were killed.
The worst bouts of violence were Monday and Tuesday nights, when police made arrests in the northern Paris suburb of Villiers-le-Bel, where the collision occurred.
Nonetheless, this riot still seems to have marked a new high point for anti-state rioting in France. If this trend continues, will the French police still be willing to handle the problem? Or will they turn it over to the army?