Archive for August, 2007
Central Banks Pouring Money into Markets
August 13th, 2007Move along. Nothing to see here. Go to Disneyland. Buy junk from Wal Mart. Stay asleep. The Federal Reserve will print money to keep your reckless, crap shoot, dog shit investments afloat. (For now.) This is the “free market” after all. Via: Yahoo: Wall Street opened higher Monday after the Federal Reserve and other central […]
Hitachi Releases Hard Drive with One Terabyte of Storage Capacity
August 13th, 2007In 2000, the company I worked for budgeted $15,000 for me to build a storage array with an initial capacity of one terabyte. I set about planning to build the thing. Rack density. Thermal dissipation. Power. Networking. Redundancy. Scalability… These were the factors I was considering as I devised my plan to build that system. […]
Magic 8 Ball Gambling Antics Going Off the Rails
August 13th, 2007Sound investments for the future = reckless gambling Pay close attention to the part in bold below. Via: Financial Times: The much-heralded financial rocket scientists responsible for the explosion in complex mathematical trading strategies are bracing themselves for fresh pain after what one team of analysts called “the perfect storm†last week. Quantitative strategists, or […]
Fatigue Cripples U.S. Army in Iraq
August 13th, 2007Even the “Public Affairs” people, who are paid to lie to reporters, are having trouble maintaining appearances now. Via: Guardian: Where once the war in Iraq was defined in conversations with these men by untenable ideas – bringing democracy or defeating al-Qaeda – these days the war in Iraq is defined by different ways of […]
Structured Investment Vehicles’ Role in Crisis
August 13th, 2007This is the most frightening financial story I’ve come across in a long time. Hundreds of billions of dollars worth of what, exactly? Nobody seems to know. Well, somebody probably knows, but investors, the financial press and government regulators have no idea WTF is going on. Yep. Situation normal. You know the rest. There is […]
The System, Like the Berlin Wall, Must Come Down
August 12th, 2007Nice essay on the Soviet style free market. Via: Unknown News: One hugely interesting aspect of this week’s mortgage and debt shenanigans is the role of the Federal Reserve as “Protector of the Realm” when “The System” freezes up and begins to implode upon itself. Normally the Fed diligently attends to its primary functions of […]
Italy Probe Unearths Huge Iraq Arms Deal
August 12th, 2007What is it about Italy and weird arms deals involving Iraq? Remember, Iraqi Insurgents Carrying Covert Ops Bump Guns? Via: Yahoo / AP: In a hidden corner of Rome’s busy Fiumicino Airport, police dug quietly through a traveler’s checked baggage, looking for smuggled drugs. What they found instead was a catalog of weapons, a clue […]
Remember Real ID? Same Shit, Different Card
August 12th, 2007Via: The Times and Democrat: U.S. Sen. Lindsey Graham said Tuesday he will introduce legislation to replace all paper Social Security cards with plastic biometric cards that can’t be duplicated, so employers can be certain of the legal status of their workers. The South Carolina Republican said Congress must address the out-of-control illegal immigration problem, […]
Comments Require Registration
August 12th, 2007Behind the scenes, there are problems with trolls/idiots/lunatics. Most people don’t abuse open comment systems, but this isn’t about most people. I never intended comments to become a vector for trolls/idiots/lunatics to spread their rat poison, but that’s what they’re trying to do here. Filtering this nonsense out has been requiring more time lately. I […]
Dick Cheney ’94: Invading Baghdad Would Create Quagmire
August 12th, 2007Via: Grand Theft Country:
