Tuesday, April 22, 2008

Helmut Krone

I found this while searching for information on the late-sixties sports magazine Jock, my interest having been piqued by a recent post on Alicublog.

Monday, April 14, 2008

Kunstler's Tongue Lashing

I've heard about Obama's 'bitter' comment only in passing. If voters' delicate sensibilities can be bruised by his phrasing, imagine how Kunstler's latest (reposted below in full) could pulverise them. The especially fiery parts are bolded.

April 14, 2008
Slip of the Tongue

Barack Obama caught hell last week for daring to tell the truth about the ragged thing that the American spirit has become. He said that small-town Pennsylvania voters, bitter over their economic circumstances, “cling to guns or religion or antipathy to people who aren’t like them” to work out their negative emotions. He might have added that the Pope wears a funny hat (see for yourself this week), and that bears shit in the woods (something rural Pennsylvanians probably know). Nevertheless, in the manner lately prescribed for those who slip up and speak truthfully in public (and in contradiction to the reigning delusions), Obama was pressured to apologize for his statements.

The evermore loathsome and odious Hillary Clinton, co-owner of a $100 million personal wealth portfolio, seized the moment to remind voters what a normal, everyday gal she is -- who would never look down on the small-town folk of Pennsylvania the way her "elitist" opponent had -- forgetting, apparently, that the Clinton family's consigliere, James Carville, famously described the Keystone State as a kind of redneck sandwich with Pittsburgh and Philadelphia as the bread, and Alabama as the lunch meat in between. As I mull over all this, I begin to think that Hillary is exactly what the USA deserves and, that should she manage to winkle away the nomination and get elected president, the outcome would be instructive and salutary. For one thing, she will be buried under an avalanche of political woe, beginning with the basic financial insolvency of everything in the nation except the Clinton family. Then she would proceed straight into an oil-and-gas clusterfuck that could take this society back to the eighteenth century economically.

This would have the positive effect of forcing the American public to look elsewhere for governance than the usual parties in Washington, D.C. It's time for a national purgative, anyway. In fact, it's way overdue. Are the Democratic and Republican parties anymore necessary than the Whigs? Neither of them can really articulate the problems we face (and when their honchos slip up and come close to the truth, they're persecuted for it).

A President Hillary will also go a long way to defeating the popular delusion that a world ruled by female humans would be heaven-on-earth. (It would be more like one of those chaotic single-parent households in Section-8 housing, ruled by a harried and distracted mom, with a shadowy man in the background molesting the little ones while she was off working at the WalMart.) I'm very sorry that Barack Obama apologized for his remarks. It compromised his authority. They were truthful and correct. He might have added that the anxious and bitter lower classes were also neurotically hung-up on cars, and that his first act as president would be to shut down the Nascar tracks by executive order in the interest of national energy security.

It's been illuminating to see how almost nobody has come to Obama's defense in this matter -- hardly anyone in the press, anyway. It shows what the mainstream media's interest in the truth is (close to zero). In the background of these sad and sordid campaign doings, the financial sector -- and the dog's-body economy that the wagging financial tail used to be attached to -- is whirling steadily down a big wide culvert, along with the rest of the debris shaken loose by the spring rains. Congressman Barney Frank and Senator Chris Dodd have been putting together mortgage rescue schemes that are gut-bustingly hilarious because they don't seem to take into account the basic fact that nobody knows who the lending parties to all those distressed mortgages really are. (Hint: they're not the "servicing" companies who send out the default notices.) So when they say that the government will "negotiate down" the principal owed on a house hemorrhaging dollar value, who exactly did they have in mind as the negotiating partner?

These are issues that would, in a more mentally-healthy republic, occupy center stage of the political conversation -- not whether a cohort of Cheez Doodle addicted rural Pennsylvania morons prays out loud for God to shoot all the Mexicans.

Wednesday, April 09, 2008

Lookalikes


Despite her liking pearls and her flip hairdo, Michelle Obama doesn't remind me of Jackie Kennedy. Then I realised she really looks much like Amy Poehler, especially about the eyes.

On the Four Types of Capitalism

http://www.amazon.com/Good-Capitalism-Economics-Growth-Prosperity/dp/0300109415

Monday, April 07, 2008

Higa's Sex Scandal Costs Taxpayers and Might Cost Him His Campaign


Update: One of Hunter's respondents thinks Stacy Higa resembles Fat Bastard, nemesis of Austin Powers. Perhaps in girth, but otherwise I don't see it.

Friday, April 04, 2008

Corn Prices Rise

The rising price of corn is attributed to increased demand worldwide (food, livestock feed, and ethanol) and lowered supply, i.e., farmers cultivating less of the crop.

This explains why farmers have not grown enough corn to meet demand. At the moment wheat and soybeans are more lucrative.

My initial take on this news: Corn and its derivatives (e.g., high-fructose corn syrup version) are used to make everything from soda to plastics. Consequently, the price of corn-derived materials will rise. Try to avoid as much as possible foods with HFCS, especially soda and snacks. If you're inclined, grow your own corn. For example, popcorn. A nice array of popcorn and other corn seeds can be found here.

Monday, March 31, 2008

The Airlines Are Dying, Says Kunstler

March 31, 2008

The airlines are dying.It was not a good week to be at the mercy of America's floundering air travel program. The price of aviation fuel is killing them. They can't fire any more employees or shed anymore pension obligations. There is no elasticity left in the system. Coming back from Denver yesterday, the chaos at the concourse gates was impressive. Nobody knew when or if a given flight would board, and they certainly didn't post any realistic information on the high-def screens at every gate. When asked for updates, the harried gate agents could offer none. So much for computer wizardry. It is interesting to see how passively the public accepts this. For now, they slump like war refugees in the blow-molded plastic seats, numb with fatigue, anxiety, and disappointment. But I wonder if there will be riots in the concourses sometime later this year.
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Aloha Airlines (est. 1946) will cease its passenger services after today.

Update: But the Zeppelins are coming!

3 April update: ATA Airlines comes in for a permanent landing.

Tuesday, March 25, 2008

World Made by Hand

I've been reading James Kunstler's novel World Made by Hand. I plan to review it here soon, perhaps in tandem with another new purchase of mine, Brink Lindsey's The Age of Abundance: How Prosperity Transformed America's Politics and Culture (New York: Collins, 2007).

For now, I can say it's a very good read, but not quite what I had pictured. I'd intentionally avoided reading any reviews of the book before buying it so that any surprises wouldn't be spoiled.

Thursday, March 13, 2008

Have Cars Outlived Their Usefulness?

Today's Counterpunch has a commentary by Adam Federman on the automobile

From Autopia to Autogeddon: Cars Reach the End of the Road
By ADAM FEDERMAN
Like the horse and buggy one hundred years ago, the automobile is no longer viewed so favorably as a means of getting around. It is regarded as nearly as foul and smelly as the horses that at the turn of the century deposited some 2.5 million pounds of manure and 60,000 gallons of urine on the streets of New York. In addition to their own waste, horses died and had to be disposed of, posing a significant public health risk. Approximately 15,000 dead horses were removed from the streets of New York each year.


Thus when the car was developed and Henry Ford figured out how to mass- produce them so that more and more Americans could have one, it didn’t seem like such a bad thing. (That is not to say it was embraced immediately or without skepticism. There was, in fact, much resistance to the automobile initially and according to Roy Rosenzweig and Elizabeth Blackmar in The Park and the People: A History of Central Park, “Equestrians, pedestrians, and carriage riders alike complained that the foul-smelling, noisy cars frightened horses, disrupted the decorum of the carriage parade, and ruined their own retreat to nature.”) We would all be masters of our own universe. No more manure, no more urine, and no more dead horses. But like many improvements, technological or otherwise the automobile has outlived its golden age and is now viewed as a menace, a destructive force responsible for our polluted skies, our crowded streets, and our dystopian suburban landscape, ever widening into mega-regions that connect cities and suburbs in a kind of galactic sprawl.

Just as it was once hailed as a symbol of freedom, mobility, and the future the car is now a symbol of excess (the SUV), entrapment (as embodied by the hours long commute or traffic jam), and the past. Today we criticize India and China for their own auto craze as if they’re living through a historical period that has already passed. And in the enlightened West we’re buying green cars and trying to reconcile our lifestyles with a desire to drive guilt free.

We live in a world dominated by the automobile. The Texas Transportation Institute’s 2007 Urban Mobility Report, which notes that the nationwide cost of traffic congestion is $78 billion, opens ominously with the observation that congestion is “getting worse in regions of all sizes.” And not only in the first world. Although the number of cars per capita in India and China remains far smaller than that of America, it is growing. According to Elizabeth Kolbert in the New Yorker, “Assuming that incomes continue to rise, in a few years tens of millions of families [in India and China] will be buying their first cars, and eventually hundreds of millions.” It is projected that by 2020 nearly half of the world’s 1.3 billion cars will clog the streets of poorer countries.
...
Adam Federman can be reached at: mailto:adamfederman@mac.com

I'll have more on this later.

Monday, March 10, 2008

Kunstler Takes on Krugman

March 10, 2008
Going Going....

The feigned cluelessness in Paul Krugman's Sunday New York Times column ("The Face-Slap Theory") about the meltdown in finance is a good index of the cringing mendacity now emanating from those in service to the centers of power. I doubt an editor, or the publisher, Mr. Sulzberger, had to whisper in his ear to soft-pedal the situation. I don't even believe anything like his job depends on it. Krugman's glossing-over the truth is just social cowardice. He doesn't want to be called out dissing fellow members of his club.

Krugman avers to the Federal Reserve's two previous big efforts since August to bail out the insolvent banks, insurers, and hedge funds with cheap loans as "slaps in the faces" of these wobbling corporations -- "yo, wake the fuck up!" -- as if narcolepsy was their only problem. (Try that with a wino on the sidewalk outside the Port Authority bus terminal and see if he immediately signs up for rehab and a high school equivalency program.) Krugman calls the club's latest plan -- for the Fed to just suck up their impaired and worthless collateral in exchange for more cheap loans -- as a "third slap," saying, with all the panache of a midwestern Rotary Club secretary, that "the third time could be the charm." Had the monkeys already flown out of his butt as he wrote that, I wonder.

The line in Krugman's column I love best, though is this one: "Last month another market you’ve never heard of, the $300 billion market for auction-rate securities (don’t ask), suffered the equivalent of a bank run." His presumes that his readers go along with his pretense of innocence. We've never heard of the municipal bond market and it's too complicated to explain so "don't ask." Is he writing for the "newspaper of record" or Highlights For Children? Maybe it would be a good thing if readers of The New York Times asked what the fuck was going on in these markets so they could yank their depreciating dollars out and deploy them elsewhere or convert them into something of value.

Well it was a bad week on the money scene in what is sure to be a worsening year. Paul Krugman and his fellow club members can pretend that the hallucinated finance economy is not really flying to pieces. After all, he / they are trying to avert panic. But, as noted previously in this space, the only thing we have to fear is not fear itself. We have to fear the consequences of actions by a banking leadership that has shown the grossest irresponsibility (and an American public that has been conditioned to expect a steady diet of getting something for nothing). The US faces a pretty stark choice right now: it can let the losers take their losses -- both the big institutions who created and traded in fraudulent securities, and all the "little guys" who borrowed too much money trying to get rich quick, or trying to live like the millionaires they see on TV. We can let them go down, and suffer the consequences of their bad choices (and maybe prosecute some of the culpable bankers and corporate executives), OR, in an effort to let these losers off the hook we can wreck the whole machinery of capital by making our medium-of-exchange worthless.

The people in charge -- both in and out of government -- can't face the losses, so for now they've apparently decided to wreck the currency. The dollar has lost two percent of its value against the Euro just in recent weeks, as cheap loans from the Fed pour into the black hole on Wall Street (never to be seen again). Other soft-pedalers in the media claim that the financial markets have "already priced in" yet another expected .75-point interest rate drop by the Fed this week, but I'm confident that such a move will only accelerate the dollar's vanishing act.

I'll admit, it's hard to believe what's going on in the American finance sector. But incredulity in the face of a rare catastrophe isn't the same as pretending that it's not happening. A whole flock of black swans is flying in front of the sun. Don't expect to work on your tan this month.

Wednesday, February 27, 2008

William F. Buckley est Mort

Here.

28 February update: Selected commentary on Bill Buckley's legacy:

http://www.lewrockwell.com/westley/westley26.html

http://www.vanityfair.com/politics/blogs/wolcott/2008/02/given-the-melli.html

http://radioequalizer.blogspot.com/2008/02/talk-radio-mourns-passing-of-william-f.html

http://blog.beliefnet.com/crunchycon/2008/02/bill-buckley-was-a-good-man.html

http://www.lewrockwell.com/blog/lewrw/archives/019662.html

http://www.lewrockwell.com/blog/lewrw/archives/019644.html

The CIA agent, founder of the modern conservative movement, enforcer of warfare-state discipline on the right, brilliant writer and editor, transoceanic sailor, harpsichordist, TV star, charming aristocrat, founder of National Review and Young Americans for Freedom, enabler of neoconservatism, expeller of heretics from Birchers to Rothbardians, and thoroughly bad ideological influence in general, is dead at 82.

http://www.thenation.com/blogs/thebeat?pid=291671

http://leagueofthesouth.net/rebellion/index.php/site/buckley_bush_not_a_true_conservative/

29 February update: James Wolcott links to Dennis Perrin, who doesn't hesitate to speak ill of the dead.

Rich Lowry's retrospective on Buckley, originally from a 2004 issue of National Review.

Lew Rockwell and company have many posts on Buckley, diverging greatly from the standard line that Buckley was the saviour of modern conservatism. Below, a choice example:

Buckley's Tainted Coup
Posted by Lew Rockwell at February 29, 2008 10:44 AM
Writes Kevin Griffin: "William F. Buckley, Jr., was a favorite among 'liberals' (albeit, not classical liberals) because he purged the conservative movement of their nemeses: the Original Rightists. Buckley was the prototypical Big-Government conservative, i.e., the Cold War Democrats' Republican. His 'New Right' movement has since been augmented by the statist force of the neoconservatives. Thus, behold the end result of Buckley's tainted coup: John Sidney McCain III."

And a McCainite praises Buckley:
When he founded National Review more than 50 years ago (and to me, it does seem like only yesterday), conservatism looked like a dead philosophy. Prior to World War II, the dominant Republican philosophy on foreign policy was isolationism. In fiscal affairs, Republicans -- well, most of them -- were in favor of a balanced budget, something that was unlikely during World War II and in the subsequent Cold War.

Buckley's conservatism contained a strong element of traditional Roman Catholicism, although with a deep suspicion of Rooseveltian governmental intervention in people's affairs. Most of all, Buckley was opposed to collectivism, the dominant viewpoint underlying Communism, which appeared at the time to be the main competitor for mankind's hearts and minds.

1 March update: Cockburn weighs in.

17 March update: Grant Jones's Dougout posts Edward Cline's good-riddance.

Monday, February 25, 2008

The Nutty CEO

Kunstler's latest Grunt takes on overly optimistic claims that airplanes can run on palm-oil derived biofuel. I've heard of the coconut wireless, and coconut radio, but coconut airplanes?

February 25, 2008

Blowing More Green Smoke Up Our Own Ass

Virgin Airlines CEO Richard Branson announced the beginning of "green" air travel with great fanfare over the weekend by flying a big Airbus jet plane on a combination of coconut and palm oil derived fuel. Now the public is supposed to rest assured that the airline industry has been "saved" by "new technology." It's possible that Branson actually believes this bullshit -- since, contrary to conventional belief, you don't have to be especially intelligent to succeed in business. But the public is sure to be disappointed as reality asserts itself and they discover that the stunt doesn't scale world-wide. That is, sure, you can demonstrate that "a" jet plane can fly on bio-fuel. But can you run the entire global airline fleet on coconut and palm oil, or even a fraction of it? Of course not -- unless you cut down the entire Amazon rain forest and replant it with oil tree crops. Not to mention that the CO2 emissions spraying out of bio-fuel jets at 38,000 feet is not materially different from regular jet fuel exhaust. This is just another tragic attempt to persuade ourselves that we don't have to change our behavior.

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This Guardian article is also skeptical:

http://www.guardian.co.uk/environment/2008/feb/25/biofuels.theairlineindustry?gusrc=rss&feed=media

Saturday, February 23, 2008

Monday, February 11, 2008

The Long Emergency in South Africa

February 4, 2008:
I got a letter from a lady in South Africa:
"I am watching South Africa with an eye on what, when and how the global trends contributing to your Long Emergency will start taking effect. But the government here, together with some outside influences of the stock market, have plunged South Africa into the Premature Long Emergency. It has only been a couple of weeks, but the country is in dire straits. . . ."
...
http://www.kunstler.com/Grunt_SouthAfrica.html

SOUTH AFRICA IN THE PREMATURE LONG EMERGENCY

February 4, 2008

It began with a few potholes in the roads, the odd interruption to the water supply in the suburbs, a couple of days with strike action preventing the delivery of municipal services – no garbage collection, protest action disrupting the mining industry and picketing & toy toying at shopping malls…It continued over the next couple of years, largely with disregard for the disruptions, a little irritation to daily commercial and home life by the lack of service provision in food, gas, water and power. In recent months, at the receivables end of the supply chain, there was a little aggravation at the delays, the lack of service, the shortage of a few consumer luxuries in the retail shops…, ‘but hey, what the hell, this is a great country, we cannot fault the lifestyle, the weather…’. For a couple of months, perhaps a year back or so, there seemed little or no reason to change our way of life, our lifestyles…a little further down the road and the disruptions become more frequent, we learn to cope, learn to accept the rising cost of living, gas supply shortages in the Winter of 2007, the intermittent water disruptions, the odd power outage and the potholes. Potholes may well be the singular measure of the calamity we are in or about to face. We accept the transitions in South Africa, but it is all very well passing over these problems in the name of development, infrastructure development, greater housing plans and urbanization as a promised deliverable by the ANC government, together with the balancing of the wealth quotient. Access to finance and the shift of the material wealth are an indication of the success of the plans for economic growth in the New South Africa. So, there have been interesting times, a few PDI’s (previously disadvantaged individuals), through black economic empowerment, becoming significantly enriched through commerce and business and, dare I say, politics. But the cracks that are now evident are tell tails signs, not only of the effectivity of the New South Africa and an explanation of the path traveled to this point in time, but more of what is promised for the future. And the future may be more a by product of global issues than issues unique and unfortunate to South Africa.

So what do we have at hand, what are the reactions and what are the consequences??? South Africa has been flung full tilt into a Premature Long Emergency. In the up market suburbs, not least to say generally all over the urban landscape, there is not a 1km (1/2 mile) strip of tarred road that is not full of potholes (hugh gapping holes, across which vehicles cannot drive), the roadside curbs are disintegrating, the road maintenance programmes over the last 10 years have failed to maintain the roads in a serviceable and passable state. The nation is gripped in a crisis of rolling power outages caused by the incompetence of highly paid government ministers and their charges. The news of the weekend is that the nation is in dire straits with the supply of clean, drinkable water to households and business alike. We are faced with unusual weather patterns, floods at the moment, high rain fall for the Summer, the expectation of an early, long cold Winter.

THE POWER EMERGENCY

The rolling power outages are resulting in about a 25% national power outage per month. The ramifications of this can be related directly to an income loss of the same amount, retail supplies are being interrupted and from a security point of view it is dangerous to shop in malls. The Electricity Supply Commission – ESKOM are indicating a forced reduction on power usage by 10%, further, the mines have been told not to work on Fridays. There are revenue and cost implications here that extend beyond the obvious monthly figures. What of the power saving measures that may in turn lead to greater problems, the mines are unable to pump excess ground water from the shafts, the maintenance programmes are due to suffer. And what of the safety indications, miners are protesting the possibility of being caught under ground or in lift shafts as the random power cuts hit the service grids. It is not only that ESKOM have not maintained or expanded their operations in the last 15 years, but the next big whammy is that there is no coal to keep the power stations running…at most times, there is a couple of months supply of coal onsite for electricity operations, today there is hardly a few days supply. Incidentally the reason given for this catastrophe is that the trucks delivering the coal have been unable to get to the power stations as the road infrastructure has deteriorated- potholes again. In the Afrikaans language: ‘slaggate’ – a direct translation to ‘slaughter holes’. As this is written, we wait for the next couple of days to see the effect of the ‘coal emergency’.

THE WATER EMERGENCY

At some point the effect of the power emergency on water and sanitation supply should be considered and this would be part of the roll out of unexpected events resultant of the collapse of the power supply, but the water board have usurped the power supply with homegrown problems of their own…

So here we have it, 43% of the dams have safety problems and are in danger of collapsing. Further to this, the ground water in Gauteng, the province of Johannesburg, has radioactive contamination from mining operations. Now, as a matter of interest, Johannesburg is one of the few cities in the world that is built on a hill and water has to be pumped up into the city!!!

THE FROG IN THE POT

And what of the peoples reaction? Complacency does not even come close, the nation is either brain dead or ignorant, or just plain ‘frog in a pot’ of water with the temperature rising. The first reaction to the power emergency took the form of a rush for candles, refilling of gas bottles and the purchasing of generators (if you could get them). Then the complacency set it, business learnt to sit through power outages, retail shops were forced to close their doors for a few hours a day. There was and is a shortage of food supplies, food went bad in the fridges and had to been thrown away. It was kind of charming in a strange kind of way, to eat dinner by candle light and forgo the ‘soapies’ on TV. Traffic lights were out over a large number of suburbs and delays in getting to business meetings became the norm. The schools are unable to teach a full day’s lesson. The internet service providers and the mobile phone companies’ frequently have service delays or are just plain ‘off line’. The battery runs out on your laptop and that’s the days productive work is over until the power is back on…Patients in ICU or undergoing operations, as the power grid went down, were at risk of and did, die.

As we head into February, it will be interesting to see the economic figures; theoretically the revenue generation for the period should be down by at least 25% or something similar to the power outage percentages. Notwithstanding that the stock market took a bend downwards and followed the USA crash and the antics of the Societé General rogue trader. (Well done on the foresight, James). The South African property market is following suit, as well. And just as we were wondering how the effect, implications and opinions of an emergency would pan out into daily life, what the tell tail signs would be… it happened, all of this is the short space of about 2-3 weeks, the realization dawns that it has begun, the country is experiencing and living through the beginning of the Long Emergency, rather unexpectedly and certainly too prematurely. I proffer that the events in South Africa, tragic as they are, as they play themselves out, will give a good indication of the events that the USA and other countries will realize in the years to come as The Long Emergency’ comes to pass.[Ha! Just as I finish this, guess what… the power is out, the battery life in my laptop is about 5 mins, so at 11am, I cannot be productive for the rest of the day… the networks are down, so this cannot be mailed for the moment.]
Home

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17 February update: More on South Africa's electricity shortage: http://globalguerrillas.typepad.com/globalguerrillas/2008/01/journal-south-a.html