DYSPEPSIA GENERATION

We have seen the future, and it sucks.

Archive for September, 2008

Bush defends $700B bailout deal

22nd September 2008

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Nixon without the 5-o’clock shadow.

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The regulation of derivatives

22nd September 2008

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Just in case you were wondering. I know I was.

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Marine jailed for attacking woman who insulted him at masked ball

22nd September 2008

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Gareth Jones, 30, punched Deborah James so hard she left the Lloyds TSB function event on a stretcher and attached to an oxygen mask, and will be scarred for life.

You don’t mess with Marines. You just don’t.

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Sardinian island declares ‘independence’

22nd September 2008

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Road rage driver burned to death

22nd September 2008

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Let that be a lesson to us all.

Darwin Award nominee.

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Paramedic on lunch break refused to help dying woman

22nd September 2008

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Not your father’s Britain.

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Knut the polar bear’s zookeeper found dead in Berlin

22nd September 2008

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Let that be a lesson to us all.

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King Richard II’s recipe book to go online

22nd September 2008

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UC hits tree-sitters with expensive surprise

22nd September 2008

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“It’s really vindictive,” said an attorney for some the sitters, Dennis Cunningham. “They don’t have this kind of money.”

Hey — if you can’t pay the fine, don’t climb the pine.

Posted in Is this a great country, or what? | Comments Off on UC hits tree-sitters with expensive surprise

The GOP Leads A ‘Socialist’ Bailout

22nd September 2008

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If a liberal Democratic administration had put hundreds of billions of dollars of taxpayer money at risk by bailing out Bear Stearns and nationalizing American International Group (AIG), Fannie Mae and Freddie Mac, wouldn’t conservatives accuse Democrats of “socialism”? Can Mr. McCain now square a circle by calling himself a conservative while favoring increased regulation?

When even Democrats can smell the coffee, what is the problem with John McCain?

Now I know what former Sen. Gary Hart meant when he told an audience of wealthy Republican businessmen during his 1984 presidential campaign, “I know why you are conservatives — you favor private enterprise for the poor and socialism for the rich.”

And that, sad to say, is the plain truth — certainly when it comes to Republican Congressmen.

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Stonehenge birthdate discovered by archaeologists

22nd September 2008

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Just in case you were wondering. I know I was.

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Upwardly Mobile America?

22nd September 2008

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Yes, the gains of the very rich have increased the fastest. But that is in part because of a statistical illusion. When poor people earn more over time, they move into the middle class or the upper class and are no longer  classified as poor. Consider someone who was earning $20,000 a year and saw her income move to, say, $50,000 as she moved up the career ladder. That 150 percent gain in income isn’t apparent, because we no longer categorize her as poor. But every penny of income gain by a rich person is counted, because there is no higher income class she can move into.

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The role of the CRA

22nd September 2008

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Government is the problem, not the cure: An illustration.

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Why Only Bush Could Bring Socialism to America

21st September 2008

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I was right — Nixon without the 5 o’clock shadow….

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Gem stone discovered could be world’s largest diamond

21st September 2008

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Spooked businessman flees ‘haunted’ mansion

21st September 2008

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Perhaps the spirits just don’t like Muslims.

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Why You Should Hate the Treasury Bailout Proposal

21st September 2008

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But here is the truly offensive section of an overreaching piece of legislation:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.This puts the Treasury’s actions beyond the rule of law.

And here I thought that FDR was dead…. Turns out he’s living in the White House disguised as George W Bush.

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Japanese Girl Sensation: Virtual Boyfriends (Webkare)

21st September 2008

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I refuse to accept any alien species in a science fiction story unless their culture is stranger than that of the Japanese. This rule of thumb has stood me in good stead for over 40 years, and it’s still going strong.

Posted in You can't make this stuff up. | 2 Comments »

Washington Readies Sea Change for Wall Street

21st September 2008

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It’s official: George W Bush is Richard Nixon without the 5-o’clock shadow.

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Chicago Crime Up As Police Clash With New Boss

21st September 2008

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Crime rates are up from last year. Arrests, traffic stops and gun recoveries are down. And while there is dispute over the precise reasons, the union representing police officers in this city says it is partly because officers are doing their jobs gingerly, out of fear that the controversial police superintendent won’t back them if they face misconduct charges.

Well, that’s what happens when politics intrudes into police work.

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ROMper ROOM: Bob helps make learning fun

21st September 2008

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But we won’t, because the teachers’ unions won’t let us.

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Human Speech Traced to Talking Fish

20th September 2008

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Well, why not….

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The new “white people” are bigoted, but not the way you think—or they’ll admit.

20th September 2008

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The Atlantic takes a look at Stuff White People Like.

Lander’s White People aren’t always white, and the vast majority of whites aren’t White People (he doesn’t even capitalize the term). … Lander, like many of these writers, traces this group’s values to the 1960s, and there’s clearly a connection between a politics based on “self-cultivation” (to quote the Students for a Democratic Society’s gaseous manifesto, the Port Huron Statement) and what Lander defines as White People’s ethos: “their number-one concern is about the best way to make themselves happy.”

Posted in Is this a great country, or what? | Comments Off on The new “white people” are bigoted, but not the way you think—or they’ll admit.

The Rest of the Meltdown Story

20th September 2008

Neal Boortz puts it in words even a Democrat can understand. They won’t admit it, of course, but then, they never do.

OK .. so we all know that a lot of really bad real estate loans were made. The political class would sure love for us to believe that the blame here rests squarely on “greedy” (try to define that word) mortgage brokers and lenders. The truth is that most of the blame rests on political meddling in the credit decisions of these mortgage lenders.

Political correctness won the day. Washington made it clear to banks and other lending institutions that if they did not do something .. and fast .. to bring more minorities and low-income Americans into the world of home ownership there would be a heavy price to pay. Congress set up processes (Research the Community Redevelopment Act) whereby community activist groups and organizers could effectively stop a bank’s efforts to grow if that bank didn’t make loans to unqualified borrowers. Enter, stage left, the “subprime” mortgage. These lenders knew that a very high percentage of these loans would turn to garbage – but it was a price that had to be paid if the bank was to expand and grow. We should note that among the community groups browbeating banks into making these bad loans was an outfit called ACORN. There is one certain presidential candidate that did a lot of community organizing for ACORN. I won’t mention his name so as to avoid politicizing this column.

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The Well-Heeled Find a Surprisingly Good Fit at Goodwill

20th September 2008

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Of course they don’t shop at Goodwill, the women said.

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What’s your favorite “programmer” cartoon.

20th September 2008

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These are funny. Trust me.

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SOWELL: Idols and crowds

20th September 2008

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To find anything comparable to crowds’ euphoric reactions to Mr. Obama, you would have to go back to old newsreels of German crowds in the 1930s, with their adulation of their Fuehrer, Adolf Hitler. With hindsight, we can look back on those people with pity, knowing now how many of them would be led to their deaths by the man they idolized.

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Episcopalians defrock Pittsburgh’s rebel bishop

19th September 2008

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This must be what it was like living in the early 16th century.

Posted in Dystopia Watch | 1 Comment »

WowWee’s $300 Rovio robotic sentry ships this month

19th September 2008

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Give it a taser and I’ll take one.

Posted in Is this a great country, or what? | Comments Off on WowWee’s $300 Rovio robotic sentry ships this month

Did the Gramm-Leach-Bliley Act cause the housing bubble?

19th September 2008

Alex Tabarrok says No.

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Glass Steagall: The Real History

19th September 2008

Alex Tabarrok explains it all to you.

We’re better off without it. In this, as in so many things, FDR’s government did exactly the wrong thing.

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Pole dancing club opens on site where Mayflower set sail

19th September 2008

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Thus bringing the Old World in line with the New.

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In Tradition-Bound India, Female, Divorced and Happy

19th September 2008

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Sure, watch our Overclass destroy the Indian culture the way they’ve destroyed the American.

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More Sensitive May Mean More Conservative, Study Finds

19th September 2008

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People who startle easily in response to threatening images or loud sounds seem to have a biological predisposition to adopt conservative political positions on many hot-button issues, according to unusual new research published yesterday.

Imagine finding a “study” like this in the Washington Post. Guess they don’t know all that many conservatives.

The finding suggests that people who are particularly sensitive to signals of visual or auditory threats also tend to adopt a more defensive stance on political issues, such as immigration, gun control, defense spending and patriotism. People who are less sensitive to potential threats, by contrast, seem predisposed to hold more liberal positions on those issues.

That’s because they’re stupid and wouldn’t recognize a threat when they see one.

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Cellphone Use Is Banned for Train Workers

19th September 2008

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Of course the stupid ones, like Sanchez, will ignore the ban, while the sensible ones are made to suffer.

Government — narrowing in on the most ridiculous solution with unerring accuracy.

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States Accuse Pentagon Of Threats, Retaliation

19th September 2008

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I’m shocked, I tell you, shocked.

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Stuff White People Like

19th September 2008

Public Health.

“Today’s students want to contribute, to empower individuals and communities to take charge of their own health,” said Ruth Gaare Bernheim, who teaches health policy at the University of Virginia. “I think they also intuitively realize that the world is their community and that the gains of the 21st century will be in global public health.”

AIDS is a dramatic example of how whole populations, not just individuals, can be at increased risk for disease — a key epidemiological concept. The emergence in the mid-1990s of life-extending treatment, which is only now being brought to Africa and Asia, where most AIDS patients live, provides a lesson in equity — the principle that underlies public health.

Only if you stick your weiner where it doesn’t belong. But I guess that describes most kids today.

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Grandmother smuggled £1 million of cocaine hidden in tins of fruit, court hears

19th September 2008

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California Housing Prices Keep Becoming More Affordable

19th September 2008

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Too bad — that will just encourage people to stay in California.

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How expert is an expert?

19th September 2008

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Truth from across the pond. Britain is not totally bereft of common sense. Yet.

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Coke Dealer’s Gas Surcharge

19th September 2008

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Hey, times are hard…. Anyway, the airlines do it, and who, riding an airplane, isn’t treated like a drug dealer? Makes perfect sense to me.

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Glamorous Russian swimsuit model wins Women’s World Chess Championship

18th September 2008

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Watch the budget

18th September 2008

Megan McArdle speaks some sense.

Especially in recent years, the income of the wealthy has become more volatile than the income of the middle class and below.  In good years, their earnings soar, and Uncle Sam reaps more revenue than expected.  In bad years–particularly bad years on Wall Street, since most of that money comes in the form of some sort of security, rather than cash–tax revenues nosedive.  Incidentally, the more we focus on taxing the rich, the worse this problem will get.

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Coasties Bag Drug Sub, Tons of Cocaine

18th September 2008

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We have the technology.

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Horrible Science author claims to have found Viking battle site

18th September 2008

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Concentration Camp with Snickers Bars

18th September 2008

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Truly, you can’t make this stuff up.

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Classrooms of the future to have multitouch desks, probably a few Terminators

18th September 2008

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I’d love to have one of these things today.

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Missing Mozart score discovered in Nantes library

18th September 2008

Read it. More here.

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‘Unlucky’ rare black fox spotted in Britain

18th September 2008

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You’ll never outfox the fox.

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A clean-slate accounting of the dollar (part 1)

18th September 2008

Mencius Moldbug is on the case.

The great thing about being a skeptical generalist is that you trust your own ability to think about X, instead of trusting those with actual knowledge and experience in X. I am certainly no opponent of knowledge or experience, but it should be plain to everyone at this point that our financial system is, in at least one mysterious and incomprehensible way, broken.

So those who know it, know the broken thing. Worse, they believe that the dollar system is exactly what it purports itself to be – money is money, bonds are bonds, banks are banks, etc. And they have built a large superstructure of models on these understandings. Said models do not appear to be in perfect working order.

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