A sensible criticism of Gehry's new Serpentine Pavilion via bd. For anyone who has stood under one of Gehry's buildings in a rain storm, it will seem obvious.
How do I know? Because the weenies at National Review are nitpicking: Citizen Obama. A right-of-center candidate isn't good enough for them. But not to worry - they'd only be happy if Cheney, Goebbels, or Mussolini were our next leader.
Don't be... Slate has an interactive guide to help sort through the various Crimes and Misdemeanors of BushCo. Handy that. And over at TPM, Jim Sleeper discusses why David Brooks is so annoying.
(tip-o'-the-hat to Ken Silverstein at Harper's)
(tip-o'-the-hat to Ken Silverstein at Harper's)
If, over the years, you read the financial news in The Economist, the Financial Times, or The Wall Street Journal, you'd be familiar with the term Moral Hazard. It is something free-marketeers hold dear, almost a quasi-religious belief. Here's a partial definition, found at Wikipedia:
"Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to bear some responsibility for the consequences of those actions."
Fredie Mac and Fannie Mae have gotten themselves into a lot of trouble by taking on bad loans - and are involved in roughly 50% of all home mortgages in the US - but being a private company that is also answerable to the federal government, they took on risks that they knew the government would back up if they failed. Voila! - a moral hazard.
James Surowiecki of The New Yorker has written an article entitled Sponsoring Recklessness about the current situation. It won't hurt you to read it.
It seems to me that the entire Bush presidency has been sponsoring recklessness all along - and not just in matters financial.
Also, Ken Silverstein takes note of Dow 11,349.28.
"Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to bear some responsibility for the consequences of those actions."
Fredie Mac and Fannie Mae have gotten themselves into a lot of trouble by taking on bad loans - and are involved in roughly 50% of all home mortgages in the US - but being a private company that is also answerable to the federal government, they took on risks that they knew the government would back up if they failed. Voila! - a moral hazard.
James Surowiecki of The New Yorker has written an article entitled Sponsoring Recklessness about the current situation. It won't hurt you to read it.
It seems to me that the entire Bush presidency has been sponsoring recklessness all along - and not just in matters financial.
Also, Ken Silverstein takes note of Dow 11,349.28.
(I am a donut)
But if you work at the US embassy not far away, you were not allowed to attend the speech. That's freedom for you.
But if you work at the US embassy not far away, you were not allowed to attend the speech. That's freedom for you.
Zaha Hadid's Mobile Art traveling Chanel pavilion is coming to NYC's Central Park. Zaha Hadid is also involved in the Expo Zaragoza 2008. The old and the new in Beijing.
Karadzic is found - He took Europe to The Edge of Madness.
Blackwater is leaving the security business and blames the media for having to do so. Yeh, right.
"This is a clear choice that the American people have. I had the courage and the judgment to say I would rather lose a political campaign than lose a war. It seems to me that Obama would rather lose a war in order to win a political campaign." - Senator John McCain
Joe Klein thinks McCain's most recent statement/faux pas is scurrilous. When did he start paying attention? When I heard a recording of McCain saying those words on the radio yesterday, only one word came to mind: asshole.
How about you? Could you be President?
Blackwater is leaving the security business and blames the media for having to do so. Yeh, right.
"This is a clear choice that the American people have. I had the courage and the judgment to say I would rather lose a political campaign than lose a war. It seems to me that Obama would rather lose a war in order to win a political campaign." - Senator John McCain
Joe Klein thinks McCain's most recent statement/faux pas is scurrilous. When did he start paying attention? When I heard a recording of McCain saying those words on the radio yesterday, only one word came to mind: asshole.
How about you? Could you be President?
Prefab housing has been around a long time and has enormous market share. Prefab has evolved over the last decade, with increased participation from architects and designers, and has brought about what might be called the Dwell revolution toward more economical and ecological housing. This new direction beats the cookie-cutter suburbs that popped-up all around the country in recent decades.
A show entitled Home Delivery: Fabricating the Modern Dwelling has just opened at MoMA about the history and direction of prefabricated buildings. Here's a review of the show from Bloomberg. The show looks interesting and I hope I get a chance to see it. More info will be posted as I find it...
A show entitled Home Delivery: Fabricating the Modern Dwelling has just opened at MoMA about the history and direction of prefabricated buildings. Here's a review of the show from Bloomberg. The show looks interesting and I hope I get a chance to see it. More info will be posted as I find it...
The Misdirection - Scott Horton discusses the latest news in torture policy investigations. The truth will out.
Will Eurpoe's Adulation of Obama Soon End? His foreign policy speech in Berlin this week will probably determine the outcome.
It's the Economic Stupidity, Stupid!
Cheney and Exxon-Mobil are linked to a shift in global warming policy... gee, didn't see that one coming. Reed Hundt likes Al Gore's idea to move all electricity production to zero carbon-emissions. Klaus Topfer, former UN Environment Program chief stands by his words: 'We must invent a future without nuclear energy'.
In Dubai, things are going up, up, up... Meanwhile, the rest of the world continues its fiery descent: Golden Bull, by Leon Wieseltier (tip-o'-the-hat to Ken Silverstein).
It's the Economic Stupidity, Stupid!
Cheney and Exxon-Mobil are linked to a shift in global warming policy... gee, didn't see that one coming. Reed Hundt likes Al Gore's idea to move all electricity production to zero carbon-emissions. Klaus Topfer, former UN Environment Program chief stands by his words: 'We must invent a future without nuclear energy'.
In Dubai, things are going up, up, up... Meanwhile, the rest of the world continues its fiery descent: Golden Bull, by Leon Wieseltier (tip-o'-the-hat to Ken Silverstein).
Howell Raines takes on media reporting about the energy crisis. Gillian Anderson deals with a stupid interviewer.
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