Archive for June 27, 2008

Speakers UP! For Lou Christie

June 27, 2008

NBC News Overnight – Beyond the Blue Horizon

A favorite piece of video from the greatest tv news program ever, Overnight. The Singer is Lou Christie. Preserved for 23 years in BETAMAX format. Take that, crappy VHS!

I. Loooooove. The. Internet!!!

Advertisements

Zero Hour

June 27, 2008

WordPress’s tracker changes days at 8PM EDST (7PM EST).

And the stats for the blog go to zero.

Hence Zero Hour.

Probably no blogging Saturday.

And no, I haven’t caught up on season 4 of Doctor Who, dammit. But that won’t stop me from watching the next one. And maybe even posting about it. Maybe.

Now let me go find some music to post for you to play over and over.

There’s Something Wrong Here

June 27, 2008

WTF? Has P2P experienced a meltdown?

This Is A Depressing Day

June 27, 2008

I’m waiting for a friend to decipher some math for me so I can make some sense out of what I suspect are very, very disturbing statistics.

And while contemplating that, I just got hit with even worse news that the digital future might be just as fucking rotten as the analog past.


Welcome back to The Village. Did you think you could escape?

Chronicles Of Depression 2.0: #138

June 27, 2008

Ambrose Evans-Pritchard again:

Barclays warns of a financial storm as Federal Reserve’s credibility crumbles

Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall “below zero”.

“We’re in a nasty environment,” said Tim Bond, the bank’s chief equity strategist. “There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mood and are retreating into our shell. Investors will do well if they can preserve their wealth.”

Emphasis added by me.

And:

Mr Bond said the emerging world is now on the cusp of a serious crisis. “Inflation is out of control in Asia. Vietnam has already blown up. The policy response is to shoot the messenger, like the developed central banks in the late 1960s and 1970s,” he said.

“They will have to slam on the brakes. There is going to be a deep global recession over the next three years as policy-makers try to get inflation back in the box.”

Emphasis added by me.

This is the second warning to come roaring from across the Atlantic this month.

This was the first.

Chronicles Of Depression 2.0: #137

June 27, 2008

Oil reaches $142 on view dollar will keep falling

Oil futures climbed briefly to a new record above $142 a barrel Friday on expectations that the weakening dollar, a major factor in crude’s stratospheric rise, will extend its decline and add to oil’s appeal.

Retail gas prices inched lower overnight, but are likely to resume their own trek into record territory now that oil futures have broken out of the trading range where they had been for nearly 3 weeks.

Light, sweet crude for August delivery rose as high as $142.26 a barrel in premarket electronic trading on the New York Mercantile Exchange before pulling back to trade up $1.19 at $140.83. On Thursday, the contract shot past $140 and rose more than $5 to a new settlement record.

Oil rose Thursday in part on comments by OPEC officials; the organization’s president predicted prices will rise further, and a top Libyan oil official suggested his nation may cut production.

Emphasis added by me.

Well who were the eejits who thought the U.S. Dollar would rise? Those are people who can now lose their jobs. Cause: gross incompetency.

“When money has nowhere to go, it is parked in commodities as it is one of the few investment instruments that actually rises the more money you pour into it,” said Oliver Jakob, an analyst at Petromatrix Gmbh, in Switzerland in a note.

Which means higher food prices, higher raw material prices, which means inflation, you greedy bastards. You will kill us all.

Quote: Rod Serling

June 27, 2008

“The tools of conquest do not necessarily come with bombs and explosions and fallout. There are weapons that are simply thoughts, attitudes, prejudices — to be found only in the minds of men. For the record, prejudices can kill and suspicion can destroy, and a thoughtless, frightened search for a scapegoat has a fallout all its own — for the children, and the children yet unborn. And the pity of it is that these things cannot be confined to the Twilight Zone.”

The Monsters Are Due On Maple Street (one of the first-season episodes CBS does not offer on the Net)