Where south St. John and south Pasadena avenues divide, there's a towering wooden silver fork in the traffic median. The utensil has a black steel skeleton and is rooted in 2 1/2 feet of concrete.
The art was originally intended as a surprise for Bob Stane of Altadena, who celebrated his 75th birthday Oct. 29. But Caltrans, which owns the median, and Pasadena, which maintains the land, are deciding whether to keep it up for a while as an impromptu piece of street art.
After a European court rules against crucifixes in Italian schoolrooms, Italians from across the political spectrum decry an assault on the country's Roman Catholic identity.
Christian Science Monitor, By Nick Squires, November 3
Rome - Italians reacted with outrage on Tuesday after a European court ruled that displaying crucifixes in the country's schools violated the principle of secular education.
Italy's education minister condemned the judgment by the European Court of Human Rights, saying that the Christian cross was a symbol of the country's Roman Catholic religion and cultural identity.
The conventional wisdom is that distance running leads to debilitating wear and tear, especially on the joints. But that hasn’t stopped runners from flocking to starting lines in record numbers.
Last year in the United States, 425,000 marathoners crossed the finish line, an increase of 20 percent from the beginning of the decade, Running USA says. Next week about 40,000 people will take part in the New York City Marathon. Injury rates have also climbed, with some studies reporting that 90 percent of those who train for the 26.2-mile race sustain injuries in the process.
Every day, for four years as a West Point cadet, Tara Krause lived and worked alongside the men who had gang-raped her.
Still, she managed to graduate in 1982. She served as a field artillery officer during the Cold War and was attached to the 518th Military Intelligence Brigade during the Gulf War. In what she calls "an act of incredible self-destruction," she married a three-tour Vietnam vet in 1985 and, for the next eight years, lived "the private hell of his PTSD."
When the financial system almost imploded in the fall of 2008, one of the primary responses by the Federal Reserve was the issuance of an unprecedented amount of FX liquidity lines in the form of swaps to foreign Central Banks. The number went from practically zero to a peak of $582 billion on December 10, 2008. The number of swaps outstanding was almost directly inversely correlated with the value of the dollar (much more on that shortly). A graphic representation of this can be seen below:
A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits
Rolling Stone, By Matt Taibbi, October 14
On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst.
New York Times, By David W. Dunlap & James Estrin, October 14
Any effort to describe the photography of Lu Guang by reference to the work of other artists would almost certainly invoke the name of W. Eugene Smith. (It is, for instance, just about impossible to look at Slide 4 without thinking of “Tomoko Uemura in Her Bath.”)
So it seems especially fitting that Mr. Lu, a Chinese freelancer, is the recipient of this year’s $30,000 W. Eugene Smith Grant in Humanistic Photography for his project, “Pollution in China.” The announcement was made Wednesday evening in New York by the W. Eugene Smith Memorial Fund on the occasion of its 30th anniversary.
White House Deputy Press Secretary Bill Burton responded today to a question about a justice of the peace in Louisiana who refused to sign the marriage license for an interracial couple out of concern "for the children."
"I've seen the story and I've looked into this a little bit. And I found that, actually, the children of biracial couples can do pretty good," said Burton, who is biracial himself.
"So in terms of anything else, I just think it's something that they're dealing with locally."
Hurley, NY — John Gill tucks a gray pumpkin under his arm and climbs to the top of a rusty ladder. He opens a hatch on the side of a steel pipe, drops the pumpkin inside and sprays it with magenta paint.
"So we can find it later," he says.
The hum of an air compressor stops and, for a moment, the Ulster County hillside is silent.
In addition to assorted bad breaks and pleasant surprises, opportunities and insults, life serves up the occasional pink unicorn. The three-dollar bill; the nun with a beard; the sentence, to borrow from the Lewis Carroll poem, that gyres and gimbles in the wabe.
An experience, in short, that violates all logic and expectation. The philosopher Soren Kierkegaard wrote that such anomalies produced a profound “sensation of the absurd,” and he wasn’t the only one who took them seriously. Freud, in an essay called “The Uncanny,” traced the sensation to a fear of death, of castration or of “something that ought to have remained hidden but has come to light.”
At 84, the writer and activist may be confined to a wheelchair, but his rage – at his country, its leaders and citizens – burns as fiercely as ever.
The Independent, By Johann Hari, October 7
In Russian, the phrase "gore vidal" means "he has seen grief". As Gore Vidal is wheeled towards me across an empty London hotel lobby, it seems for the first time like an apt translation. In the eight years since I saw him last, he has lost his partner of 50 years, most of his friends, most of his enemies, and the use of his legs. The man I met then – bristling with his own brilliance, scattering witticisms around like confetti – has withered. His skin is like parchment, but the famous cheekbones are still sharp beneath the crags. "It is so cold in here," he says, by way of introduction. "So fucking cold."
The Obama administration, which has spent much of the past year bailing out banks and protecting the markets, has done shockingly little to help the middle class that has borne the brunt of the financial meltdown. Two acts are particularly revealing. First, the administration failed to go to the mat to give judges the power to reform mortgages in the bankruptcy context. The administration barely winced as the Senate caved to the banks on this critical issue, risking no political capital to protect one of the few reforms that could have totally transformed the mortgage crisis. As the foreclosure wave continues, and as adjustable-rate mortgages hit reset points that are going to cause havoc for millions of additional families, this failure of political leadership by the administration stands as one of the early warning signs that things were amiss.
I heard someone urging someone else to do just that, and that made me wonder what I should grow if I ever were similarly urged. A pair of horns? Bigger divine breasts? A pair of auxiliary eyes in the back of my head? Long corner teeth? Legs instead of a snake tail?
That saying has to do with testicles, of course, and the assumption that testicles equal courage and bravery. Some people use ovaries the same way, such as "that takes ovaries!" or talk about brass ovaries when a woman comes across as daring. But those sayings are slow to change, alas.
Matt Latimer worked as one of Dubya’s speechwriters during the president’s final twenty-two months in office. He was there to help sell the surge to a skeptical public. He was there as we pretended that the fundamentals of the economy were strong. And he was there to see a president who failed to grasp his own $700 billion bailout package—even as he was pitching it to the American public on live TV. A disillusioned insider reveals for the first time just how messy things got.
I was in the Eisenhower Executive Office Building with another speechwriter, a young man named Jonathan. (His last name was Horn; the president nicknamed him Horny.) We were chatting casually when the president’s favorite speechwriter came in. Chris Michel was in his midtwenties, with sandy blond hair. He was usually chipper, though at the moment his face was so pale he must have been the whitest man in the Bush White House. And that was no small accomplishment. Chris had just come from a secret meeting in the Oval Office, and without so much as a hello he announced: “Well, the economy is about to completely collapse.”
Bespoke is old hat. Off-the-shelf is in. Even Google runs the world’s biggest and scariest server farms on computers home-made from commodity parts. DIY is cheaper and often better, as Justin Lee and Oliver Yeh found out when they decided to send a camera into space.
The two students (from MIT, of course) put together a low-budget rig to fly a camera high enough to photograph the curvature of the Earth. Instead of rockets, boosters and expensive control systems, they filled a weather balloon with helium and hung a styrofoam beer cooler underneath to carry a cheap Canon A470 compact camera. Instant hand warmers kept things from freezing up and made sure the batteries stayed warm enough to work.
This is a story about a nearly 100-year-old book, bound in red leather, which has spent the last quarter century secreted away in a bank vault in Switzerland. The book is big and heavy and its spine is etched with gold letters that say “Liber Novus,” which is Latin for “New Book.” Its pages are made from thick cream-colored parchment and filled with paintings of otherworldly creatures and handwritten dialogues with gods and devils. If you didn’t know the book’s vintage, you might confuse it for a lost medieval tome.
And yet between the book’s heavy covers, a very modern story unfolds. It goes as follows: Man skids into midlife and loses his soul. Man goes looking for soul. After a lot of instructive hardship and adventure — taking place entirely in his head — he finds it again.
The man who saw the meltdown coming had another troubling insight: it will happen again
The Boston Globe, By Stephen Mihm, September 13
Since the global financial system started unraveling in dramatic fashion two years ago, distinguished economists have suffered a crisis of their own. Ivy League professors who had trumpeted the dawn of a new era of stability have scrambled to explain how, exactly, the worst financial crisis since the Great Depression had ambushed their entire profession.
Amid the hand-wringing and the self-flagellation, a few more cerebral commentators started to speak about the arrival of a “Minsky moment,” and a growing number of insiders began to warn of a coming “Minsky meltdown.”
What I was handed, in a White House office, was a single sheet of paper with some numbers and lines on it. It was headed “Top Secret—Sensitive”; under that, “For the President’s Eyes Only.”
Los Angeles - Four of the world's biggest recording companies have sued the producers of "The Ellen DeGeneres Show," accusing them of using songs without permission.
On the popular daytime program, which averages about 3 million viewers daily, newly named "American Idol" judge and show host DeGeneres dances to popular tunes selected by a deejay.
How Washington is screwing up health care reform – and why it may take a revolt to fix it
Rolling Stone, By Matt Taibbi, September 3
Let's start with the obvious: America has not only the worst but the dumbest health care system in the developed world. It's become a black leprosy eating away at the American experiment — a bureaucracy so insipid and mean and illogical that even our darkest criminal minds wouldn't be equal to dreaming it up on purpose.
The system doesn't work for anyone. It cheats patients and leaves them to die, denies insurance to 47 million Americans, forces hospitals to spend billions haggling over claims, and systematically bleeds and harasses doctors with the specter of catastrophic litigation. Even as a mechanism for delivering bonuses to insurance-company fat cats, it's a miserable failure: Greedy insurance bosses who spent a generation denying preventive care to patients now see their profits sapped by millions of customers who enter the system only when they're sick with incurably expensive illnesses.
Here in Iceland people say, that if the country´s government agrees to give in to British and Dutch blackmail to pay the debts of the private internet-subsidiary Ice-Save of the private bank Landsbanki, we all will become Ice-Slaves. So public opinion is forcing the parliament to refuse unconditional debt-payments. According to a new agreement payments are only to be made conditional as a percentage of economic growth.
Already a large group of international banks have come together to sue Iceland for full and unconditional payments. Joseph Tirado, from the British law-firm Norton Rose said that a large group of banks will be part of this law-suit. He did not want to give the names of those institutions neither would he say in what court the case would be heard. EU officials and others are threatening Iceland with international isolation.
The world suffers global recession, enormous inequity, hunger, deforestation, pollution, climate change, nuclear weapons, terrorism, etc. To those who say we’re not really making progress, many might point to the fact that at least we’ve eliminated slavery.
Google Public Policy BlogGoogle Public Policy Blog, by Carole Jett Deputy Chief of Staff, USDA, August 19
(Editor's note: [...] The Department of Agriculture has taken the lead on making detailed state-by-state information about stimulus spending available to the public via an interactive Google Map. The map makes it easy for people to find information about stimulus projects in their part of the country by department, program, or dollar amount.)
However ambitious President Barack Obama's domestic plans, one unacknowledged issue has the potential to destroy any reform efforts he might launch. Think of it as the 800-pound gorilla in the American living room: our longstanding reliance on imperialism and militarism in our relations with other countries and the vast, potentially ruinous global empire of bases that goes with it. The failure to begin to deal with our bloated military establishment and the profligate use of it in missions for which it is hopelessly inappropriate will, sooner rather than later, condemn the United States to a devastating trio of consequences: imperial overstretch, perpetual war, and insolvency, leading to a likely collapse similar to that of the former Soviet Union.
According to the 2008 official Pentagon inventory of our military bases around the world, our empire consists of 865 facilities in more than 40 countries and overseas U.S. territories. We deploy over 190,000 troops in 46 countries and territories. In just one such country, Japan, at the end of March 2008, we still had 99,295 people connected to U.S. military forces living and working there — 49,364 members of our armed services, 45,753 dependent family members, and 4,178 civilian employees. Some 13,975 of these were crowded into the small island of Okinawa, the largest concentration of foreign troops anywhere in Japan.