Edit: The mystery is solved, it is Fan Clubmoss (Lycopodium digitatum)!
In the broad blogging margins of the web that orbit the mainstream media like the rings of Saturn, an awful lot of reasonable people have begun to ask whether President Obama is a stooge of whatever remains of Wall Street, with Citigroup and Goldman Sachs's puppeteer, Robert Rubin, pulling strings behind an arras in the Oval Office. Personally, I doubt it, but it is still a little hard to understand what the President is up to. For one thing, the stimulus package, so-called, looks more and more like national sub-prime mortgage itself, a bad bargain made under less-than-realistic terms, with future obligations fobbed onto whoever inhabits this corner of the world for the next seven hundred years -- and all to pay for a bunch of granite counter-tops and flat-screen TVs.
Among the questions that disturb the sleep of many casual observers is how come Mr. O doesn't get that the conventional process of economic growth -- based, as it was, on industrial expansion via revolving credit in a cheap-energy-resource era -- is over, and why does he keep invoking it at the podium? Dear Mr. President, you are presiding over an epochal contraction, not a pause in the growth epic. Your assignment is to manage that contraction in a way that does not lead to world war, civil disorder or both. Among other things, contraction means that all the activities of everyday life need to be downscaled including standards of living, ranges of commerce, and levels of governance. "Consumerism" is dead. Revolving credit is dead -- at least at the scale that became normal the last thirty years. The wealth of several future generations has already been spent and there is no equity left there to re-finance.
Banks, Barack Obama, Capitalism, Economic Collapse, Economic Depression, Economy, Energy, Energy Conservation, Global Depression, Great Depression, Natural Resources, Oil, Peak Energy, Peak Oil, Politics, Recession
Why is 3 times income a reasonable price for a home? Shouldn't the prices perhaps be
exclusively set by the cost of building a home? If 3 times income were
"normal", consider that prices have become easily 3 times the cost of building
the home. So most homes cost 1 time annual income to build. And that’s just
the start. A mortgage of the elevated value will cost 3-4 times its notional value
to be paid off in full. Thus instead of living in a home paid off at 1 time annual
income, buyers will need 10-12 times annual income to own a home free and
clear. All this is money that disappears from communities, and into the vaults of
big faceless banks. It's little wonder that communities and individuals have an
ever harder time establishing a decent level of services and decent living
standards, health care, education, water treatment etc.
Why do we accept so easily that speculation is a good thing when it comes to
our basic needs? It will come back to haunt us in a very aggressive way. Now
that the speculators, banks and developers can no longer rely on housing for
their gambling incomes, they will turn to other basic necessities, none of which
are shielded from the so-called free market. Thus, as incomes drop and
deflation expands its rule over the earth, prices for food, water and energy will
be set by "free" markets.
If we would stop handing money to the banks, which are insolvent anyway,
take the troubled mortgages they hold or have sold to Fannie and Freddie, who
would also receive not one additional penny, and give them to the communities,
who can negotiate with the occupants about a reasonable rent that would allow
them to remain on the premises (perhaps the Obama 31%-38% of income?!),
providing the communities with income, we do away with the need for all these
bail-outs. In one fell swoop.
A situation such as the one I’m painting here will eventually and inevitably
come to fruition. But our political and societal structures will not let it, not
voluntarily. And that will unnecessarily raise the suffering to levels we do not
even dare to fear. Free market capitalism is dead, and I don't say that because
I have communist sympathies. I just look around me and see that no society
can exist that allows too many of its citizens to fall into utter misery. What
killed our capitalist system is the inclusion of basic human needs in an economic
system based on speculative games. If you set up an economy that propagates
gambling with basic human necessities, you will of necessity end up gambling
away the lives of the people who depend for their survival on those necessities.
Our societies have played these games beyond our borders, in Africa and Asia,
for hundreds of years. And now, because the system dies of it cannot grow, it's
The fact of the matter, of course, is that the $275 billion will not, and are not
meant to, benefit the homeowners. They are provided for the benefit of the
lenders, the banks. They are meant to guarantee an ongoing flow of funds
towards the vaults replete with toxic debts based on the very homes the
government now showers with cash. They are meant to artificially continue to
prop up US real estate values, which, if they were allowed to simply follow the
course of the markets, would bankrupt not only the owners, for which
Washington cares preciously little, but also the banks, for which Washington will
bend over backwards any time of day. The main problem is that it's way too
late. The banks will drown, and everybody knows it. So the only real purpose
served by these measures is to transfer ever more of the public's funds to the
banking sector. It'll go on until the nation itself is completely broke and broken.
I come down to the Lake about every other weekend. It is a great place to be. Sometimes I here my mom talk about the memories that she had at the Lake. In the summer my family and I go swimming in the Lake. My dog even went swimming (she didn’t like it). My great grandpa makes pigs in a blanket. They are tasty.
I live in Barnhart, with lots of chickens. We are thinking about moving to the Lake. I say It’s a rough life. Sometimes I even cry in my Bathroom. Any how, I have only been to Cowboy Coffee once and, when I took a sip of there coco I felt that I belonged in the Small Town. I’ve always wanted to go to the museum. I wonder what is in the museum. All the people that I saw were all very nice. Sometimes I think if we are going to get a sheep for the Lake. If we did, I would shave it and sell some of the wool at the Farmer’s Market. The first time I went to the Farmer’s Market I saw bunnies! I wanted to cuddle with one of them so bad.
Economic Collapse, Economic Depression, Energy Crisis, Energy Shortage, Environment, Environmentalism, Food, Food Production, Global Depression, Great Depression, Homesteading, Living Simply, Natural Resources, Oil, Peak Energy, Peak Oil, Permaculture, Poverty, Recession, Self Reliance
A huge Antarctic ice shelf is on the brink of collapse with just a sliver of ice holding it in place, the latest victim of global warming that is altering maps of the frozen continent.
'We've come to the Wilkins Ice Shelf to see its final death throes,' David Vaughan, a glaciologist at the British Antarctic Survey (BAS), told Reuters after the first -- and probably last -- plane landed near the narrowest part of the ice.
The flat-topped shelf has an area of thousands of square kilometers, jutting 20 meters (65 ft) out of the sea off the Antarctic Peninsula.
But it is held together only by an ever-thinning 40-km (25-mile) strip of ice that has eroded to an hour-glass shape just 500 meters wide at its narrowest.
In 1950, the strip was almost 100 km wide.
'It really could go at any minute,' Vaughan said on slushy snow in bright sunshine beside a red Twin Otter plane that landed on skis. He added that the ice bridge could linger weeks or months.