So now listen up. We need to get these boxes the hell out of the warehouse. Meaning, if you are thinking of buying a set of figures, stop thinking, stop thinking immediately, and just do it. Feel, don’t think. Spend, don’t think. Be an American. Spend money you don’t have on something cool you don’t need. It’s only money. You’ll make more. I assure you, you will. But we might not make more of these Chinese-produced plastic hate effigies. Really, now, what would you rather be – safe, sane and sad, or devil-may-carefree and (momentarily) happy? Think about it. No wait, don’t think, stop, just do it!
I am trying hard to keep all politics out of this blog, but this bears notice given the source.
In a withering critique of his fellow Republicans, former Federal Reserve Chairman Alan Greenspan says in his memoir that the party to which he has belonged all his life deserved to lose power last year for forsaking its small-government principles.
In “The Age of Turbulence: Adventures in a New World,” published by Penguin Press, Mr. Greenspan criticizes both congressional Republicans and President George W. Bush for abandoning fiscal discipline.
Mr. Greenspan, who calls himself a “lifelong libertarian Republican,” writes that he advised the White House to veto some bills to curb “out-of-control” spending while the Republicans controlled Congress. He says President Bush’s failure to do so “was a major mistake.” Republicans in Congress, he writes, “swapped principle for power. They ended up with neither. They deserved to lose.”
Via the Wall Street Journal.
You learn something new every day
From the New York Times:
Nationally… more than one third of mortgage holders — 37 percent, up from 35 percent in 2005, or a rise of more than 1.5 million households — spent at least 30 percent of their gross income on housing costs, the level many government agencies consider the limit of affordability.
“Maybe it all means that housing is not as smart an investment for as many people as we thought,” said Matt Fellowes, a scholar in metropolitan policy at the Brookings Institution. “Stocks perform better than houses over time. Maybe the American dream should be building wealth in general, not building a certain type of wealth, which we see is narrow and dangerous.”
From the new book The Panic of 1907, about the great banking panic of 1907, by Robert Bruner and Sean Carr, page 2 (!):
To understand fully the crash and panic of 1907, one must consider its context.
A Republican moralist was in the White House.
War was fresh in mind.
Immigration was fueling dramatic changes in society.
New technologies were changing people’s everyday lives.
Business consolidators and their Wall Street advisers were creating large, new combinations through mergers and acquisitions, while the government was investigating and prosecuting prominent executives – led by an aggressive young prosecutor from New York.
The public’s attitude toward business leaders, fueled by a muckraking press, was largely negative.
The government itself was becoming increasingly interventionist in society and, in some ways, more intrusive in individual life.
Much of this was stimulated by a postwar economic expansion that, with brief interruptions, had lasted about 50 years.
Bring, then, a sense of irony informed by the present to an understanding of 1907.
An absolutely gorgeous photo album of a blog post showing frame after frame of stately, beautiful libraries.
Tony-winning director Julie Taymor and Oscar-winning composer Elliot Goldenthal talk about the challenges of narrowing down the 200-plus songs in the Beatles catalogue for their movie musical, “Across the Universe.” The film opens this Friday in New York.
Julie Taymor & Eliot Goldenthal (Soundcheck: Wednesday, 12 September 2007)