Interesting times

2011 has so far been a rife year for change — if anything that’s quite the understatement. So far this year two long-standing regimes have fallen in North Africa, and this seems to be fanning local flames of discontent over large parts of the middle east and northern Africa.

It’s enough to drive some people mad with fear about some kind of greater Islamic Caliphate. American entertainer (and nothing else) Glenn Beck has made it the cornerstone of his show, which has recently become a sort of festival of ranting paranoia that’s led many to question whether Beck is still sane at all — although his general message differs little from what’s coming from the American right wing (i.e. Fox News) generally. Fox News doesn’t care for brown people, that’s hardly news to anyone.

That’s one way to see things. It’s also the wrong way to see things. When you look at these uprisings more closely you find that in each country in which protests have occurred so far, the causes for the protests are pretty much purely local to the place in which they are happening, and that beyond the demands for change there is little in common between them. To claim otherwise is either foolish or dishonest.

This is not to say that each national protest occurs in a vacuum, of course. Tunisia, as the first country to revolt, has undeniably inspired protesters in the other locales by showing them the power behind non-violent resistance. When President Ben Ali resigned he had been in power for 24 years and had built a strongly repressive regime that for most of the protesters had existed for as long as they were alive. That this regime could be toppled with relatively little bloodshed has without a doubt bolstered the spirits of protesters across the region and made them realize that no matter how long a regime has been in charge of their country, it’s just not going to last forever. In fact as soon as Ben Ali’s resignation was announced I had a strong feeling that Egypt would be next to see protests.

Tunisia’s revolt came as a result of two factors: resentment against Ben Ali and his internal security forces, but especially changing government policies that caused the price of food to skyrocket in a very short timeframe. Additionally young Tunisians are a well-educated middle-class people, so long-term unemployment for many of them — it is said to have been running around 15% — was the spark by which the revolution started.

The situation was very different in Egypt, which did not see an economic downturn or sharp price reforms like Tunisia. Rather in this case the impetus was provided by simmering resentment over Hosni Mubarak’s (almost) 30-year rule of the country, particularly the complete lack of political reforms and the authorities’ reliance on brutal gangs of thugs to “maintain order” whenever there were political protests. I’m actually struck at how similar Mubarak’s Egypt was to the Iranian Mullahs regime in that respect — whether you call them “Egyptian secret security forces” or “basiji”, in both cases a brutal repressive regime used uneducated, unemployed people from the country in order to crack heads in the cities whenever the regime feels a threat. But Mubarak was not able to make much of a difference through his thugs, and it’s since transpired that he had initially ordered the army to have a Tiananmen-square style crackdown on Tahrir square and even wanted armoured batallions to just run over the protesters and retake the square by force. Fortunately the army point-blank refused to listen, and from that point on the dictator was finished.

This was just the beginning. Protests have broken out since in Bahrain against the Khalifa family, who control all aspects of political life in the tiny island nation; the biggest grievance there is that there is (apparently) widespread discrimination against the majority Shiite population by the Sunni Khalifas, as well as the (sadly usual) accusations of corruption. One especially salient point made by the protesters is that the police force of Bahrain is being supplemented with Sunni foreigners who are fast-tracked for Bahraini citizenship even if some of them do not even speak Arabic (the local language). The protests there, ongoing as we speak, materialized very quickly; they are not as big as in Egypt, but then Bahrain is a lot smaller and less populated. As an additional factor the protesters are vowing to cause disruptions during the Grand Prix of Bahrain, a Formula One race scheduled to take place in Sakhir on March 14th. Americans will also be particularly interested in the situation there as Bahrain is the home of the US Fifth Fleet.

Protests have also flared up in Iran, in a sort of “round 2” to the green protests which took place last year. There is also some unrest occurring in Algeria, Lybia, Jordan, Syria, and Yemen. In each case the protests have a distinctly nationalist nature and belie the very idea of some sort of pan-muslim uprising.

Personally it’s always been my position that repressive regimes tend to foster and stoke the flames of extremism. It’s not surprising that the bulk of the terrorists involved in the 9/11 operation generally came from places where dissent is not tolerated and political freedoms are few (ya, Saudi Arabia, I am looking at you). In that sense I can’t help but see the toppling of dictatorial regimes by democratic forces to be a fundamentally good thing and conducive to long-term stability in the region.

In that the US find themselves squarely on the wrong side of history by their long-standing habit of backing dictators who could either a)give them what they want in terms of oil and soil to build military bases on, or b)be a hired friend of Israel. Those two factors are still the cornerstone of American policy in the region, so America is clearly on the back foot and really can’t get involved much. Obama pretty much took the best line he could in Egypt, everything considered, but the point has been driven home that these uprisings are not about America or (at least so far) Israel, they are the shouts of peoples who have had enough from local despots.

Interestingly enough these local despots seem so far to have quite a bit in common. The fallen ones are both older (75 for Ben Ali and 80 for Mubarak), largely secular autocrats who have been in power for decades and seem to share a taste for black hair dye. Even in the countries which are currently experiencing protests the trend seems to be largely borne out, with exceptions of course — Syria’s Bashar al-Assad is still a youngster at 45, but Khalifa (Bahrain) is 60, Gadaffi is 68 and in power for 41 years, Saleh of Yemen is 64 and Bouteflika (Algeria) is 73.

What we’ve seen so far is only the beginning.

If you’re as interested in these things as I am, I recommend watching Al-Jazeera, either through their web site (http://english.aljazeera.net) or via the Livestation desktop application (http://livestation.com). AJ is the authoritative television station in the area and their coverage blows away all competition.

Quitting Facebook (again) and, to a certain extent America…

In light of recent developments in the Wikileaks saga — mostly the recent decision by the United States government to subpoena all information related to twitter users who follow #wikileaks, of which I am one — I have decided to curtail my activity on American social networks. Sadly, the United States government does have sway over American companies and can effectively put a gun to their heads in order to force them to reveal information on their users regardless of said companies’ privacy policy.

Frankly, this isn’t acceptable. If one wants to protect one’s information one is left with little choice but to try and abandon US sites and companies as much as possible and opt instead for other sites and companies that are at least at arm’s length distance from the American behemoth. Not that the USG won’t overreach and encroach on foreign sovereignty to the extent to which they can get away with, but at least I won’t make things easy for them. My domain name registrars and web server ISP are already fully Canadian, and I’ll try and examine ways to put more distance between myself and the USA in the coming weeks.

Yeah, I’ve deleted my Facebook account before, and stupidly came back because someone I know seemed to have problems getting in touch with me. That turned out to be pretty dumb and pointless for a number of reasons I shan’t bore you with, and I keep almost no data on Facebook as it is, but a step’s a step.

Am I giving up Twitter? There doesn’t seem to be much of a point in doing that now. You can’t delete a Twitter account anyway, you can only deactivate it; and one has to give kudos to Twitter for getting the formerly-secret subpoenas unsealed so that they can notify the users directly concerned, that took balls on their part. Can you imagine Mark Zuckerberg doing such a thing? I can’t. The guy has no scruples or moral compass. He’d hand over your info before even reading the subpoena. Probably already has, to be frank, and that’s why Facebook is the first to go, and I won’t be back this time.

Whatever happened to Obama? I railed as much as anyone against Bush’s secret warrantless wiretapping for the Orwellian nightmare that it was, and back when he was just a candidate Obama was saying the right things, such as:

“Government whistleblowers are part of a healthy democracy and must be protected from reprisal.” -Candidate Obama, 2008

But once in the White House he wasted little time in showing us that this display of principle was nothing but bullshit and marketing (but I repeat myself). All in all Obama is no different than his predecessor, but he does prove in his own disappointing-the-supporters way that there is indeed no difference between black and white. I can’t remember a time when an individual has disappointed me more than Mr. Obama. People like me thought he would be the man to bring “change you can believe in”. But as with everything said for a purpose (in this case, to win votes), ultimately one is disappointed at the sheer hypocrisy of it all.

Micro-USB is the new, er, USB

Consider me somewhat of a gadget-trend barometer if you will, but I couldn’t help but notice that the last several gadgets I’ve purchased use a micro-USB connector for data exchange and battery recharge. Those gadgets have included the following:

  • Archos 5 internet tablet (when it came out people thought it used a proprietary connector)
  • B&N Nook
  • Google Nexus One smart phone
  • Amazon Kindle 3
  • Motorola Rokr S305 Bluetooth headphones

Obviously this isn’t the totality of gadgets, but there’s clearly a trend there. In fact I’d say that within a year the only USB devices to use a Mini-USB connector will be knockoffs.

Maple Leaf Hot Wings

Every time I make those I tell myself that I should put the recipe online, and tonight for the first time I haven’t forgotten. This is a recipe for spicy wings that’s derived from a Korean wing recipe I’ve seen on the internet, only adapted to suit the ingredients I happened to have at the time — including maple syrup, hence the name (yeah, imagination isn’t my strong suit). It’s hot, and it’s tasty as hell.

Marinade/sauce

  1. In a bowl, combine the following:
    • 4 tbsp chili paste (this stuff)
    • 2 tbsp hot chili powder (I use this one these days)
    • 1/2 tbsp cayenne pepper
    • 1.5 tbsp minced or chopped garlic
    • 1 tbsp dark soy sauce
    • 1 tbsp sesame oil
    • 2 tbsp maple syrup
    • 1 tbsp ground mixed pepper
  2. Mix thoroughly, so the powders won’t stay in a clump or stick to the sides of the bowl.
  3. Take 24 chicken wings. Place in a large ziploc bag, then douse with the sauce you just prepared. Mix well, make sure the sauce gets on all exposed chicken bits.
  4. Place in your fridge overnight (or longer).
  5. Bake the wings on a cookie sheet for 60 minutes at 350F/180C, turn halfway through.
  6. Enjoy.

This will produce wings that have a good spicy kick to them. They’re not 5-alarm wings or anything like that, but they’re really tasty and you can actually enjoy eating them.

Of course if that’s not spicy enough, ditch the chili powder and use 2 tbsp of cayenne pepper, but be forewarned — that will turn the heat up to 11. And if you think the wings are spicy on the way in, wait until the next day… ’nuff said.

The Barnes & Noble Nook: a Critical Canadian Review

A few months ago on a business trip to the USA I went to Barnes & Noble and decided to purchase a Nook, which is B&N’s answer to the Kindle. I’ve been using it for some time now and thought it would be a good idea to review the device for the benefit of those also thinking of procuring themselves one.

Discerning readers will realize from the title alone that the review isn’t going to be gushingly positive. In theory the Nook is a pretty solid device; it comes with 2 gigabytes of memory (roughly 1.3 gigabytes usable for books), it uses a combination of a 6″ e-ink screen for text display and a 3.5″ color touchscreen for navigation and book-cover display; there are also page-turning buttons set on both sides of the device. All in all it’s a smart-looking device. The Nook connects to your computer via a micro-USB slot, and as with other e-readers it comes with a USB cable and a wall-plug adapter for those times when you’re not near a computer but need to recharge the battery. The battery itself is user-replaceable, which I’m told is not the case for all reader devices.

It supports Adobe Acrobat (PDF) and EPUB format documents; PDB documents are also supported, although I have yet to come across one of those. Note that DRM’d documents can only be displayed if they were purchased from the B&N ebook store. If you live in the USA, that is. More on that later.

PDF support is quite good on this device, as long as your PDF files have been scanned for text using optical character recognition (OCR). As long as that’s done the text is formatted acceptably on the e-ink display. If you have a scanned PDF, well, the results aren’t going to be so good, because then the PDF renders each and every page as one image, and the Nook will by default display one page image entirely. This almost always results in an unreadable document because the text is very small. Those of you with Acrobat Professional will want to make sure that you both optimize and scan your documents with OCR before uploading them to the Nook. Those of you who don’t have Acrobat Pro, well, good luck. Then again I find that most of the public-domain documents you see on the internet will have been OCR’d before they’re made available.

The Nook’s memory can be expanded by adding a micro-SD card… maybe. Now that we’re past the spec stage and onto the actual user review, things tend to look rather less rosy, to be honest. There is no question that there is, in fact, a micro-SD slot on the back of the unit, next to the battery, the user guide tells you in detail how to insert a memory card in it. My question is, to what extent is micro-SD actually supported by the Nook software? My experience is that support is patchy at best, and tends to vary a great deal. Of course when I got the device home the first thing I did was to add a 8GB micro-SD card to it; I have a large-ish PDF collection I wanted to get onto the Nook, so having less than 1.5GB of space wasn’t really going to cut it. I manage my ebook collection using Calibre (the Nook itself doesn’t come with any software for ebook management), and that seemed to work well with the Nook at least for a while. To save time I put the entire collection on the micro-SD card; it doesn’t come anywhere close to filling it up, it’s less than 1000 documents. Surely that wouldn’t be a problem, right?

At first the Nook worked with the card. However as time has gone by it seems to have become unusable. When you start up the Nook and go into the Library, it automatically checks for content. Now my Nook with the micro-SD card installed, when it starts up and I navigate to the Library, displays the “Checking for new Items” message… and seems to get stuck in that mode. Because it’s a battery-powered portable device it eventually goes into power-saving mode (I have mine set to do that after 20 minutes), and when you wake it up it’s still “Checking for New Items”. One particularly frustrating morning after syncing new content into it the evening before I picked it up, and it was still “Checking for New Items”. After looking over the Support/QA forum for the nook it seems I’m not the first or only person with this problem.  Oh yes, and to add insult to injury, under “Checking for New Items” appears the message “This will only take a moment”. Which I suppose could be considered accurate if you’re a geologist. Personally I’m not that patient. I restarted my Nook over an hour ago and it’s still displaying the “Checking for New Items” message (I keep pushing on the page-turn keys periodically so it doesn’t go to sleep), so you really can’t accuse me of not being patient enough. In this time I’m certain that I could have read out the titles and author names of all 800-odd volumes in my PDF collection, yet the Nook is still struggling, with no way for me to know if it’s working or if it’s just plain frozen.

As the saying goes this leaves me high and dry. There’s not enough space in the built-in memory to put my collection, but if I use a micro-SD card the whole device becomes completely unreliable.  B&N advertises the capacity of the built-in memory as “1500 books”, but that’s the domain of fantasy. It could be 1500 epub-format books that you download from B&N (if you can do that at all, that will be looked at later), but that means that you should shell out (using average figures) at least $15,000 to Barnes & Noble. These people must be as imaginative as those Sony execs who think that people will unquestioningly re-purchase their entire DVD collections in Blu-Ray format, and while the people I know aren’t necessarily average consumers I can’t imagine that someone would be enough of a sucker to do that. Most ebooks out there are in PDF format and significantly larger in size than epubs; my ebook collection certainly is, and in that world 800 titles take up about 6 gigabytes, or 3 times the “capacity” of the Nook which is advertized as 2GB but is in fact about 1.27GB once you factor out the OS and interface.

I’ve tried to make it work again, to little avail. The one time I was able to get it to work acceptably again, I deregistered the Nook from my B&N account, slow-formatted the micro-SD card (quick format didn’t work for this), reset the Nook to factory settings, re-registered it, and re-transferred the ebooks to it. This workaround worked, but it took several hours. Not the kind of timeframe that’s acceptable if I just want to add a couple of publications to the device.

I wish I could reset the firmware to a “clean” version, but that is not an available option; you can go through the software but the only thing this does is wipe out your user settings. I attempted downloading the 1.4 firmware, transferring it to the Nook’s built-in memory and restarting it, but because I already had the 1.4 firmware installed I only get the message “Invalid Update” on the bottom right corner of the e-ink screen. Clearly whoever designed the Nook software has no idea that software can get “crufty” and corrupted over time. I’ve been in the computer business long enough to know that this happens all the time. It’s not supposed to, but it does.

Yes, I could cut down on the number of books I have on the device so it all fits in the internal memory. However, that’s a workaround, not a solution. In my experience the Nook just does not work as intended once you use the micro-SD slot which is supposedly supported by the device. That’s like someone selling you a car with shot suspension and telling you that you should only drive down smooth paved roads.  That wouldn’t be acceptable either. You’d probably punch that guy in the nose and knee him in the groin for having the audacity to tell you that it’s a functional car, and you’d be right in doing so.

I’m also not thrilled about the interface of the Nook on those occasions in the past when it did eventually manage to work. When you have a large number of items in your library navigating to a title is very frustrating but in a “we really didn’t think this thing through” kind of way. For one thing, the only way to navigate through titles is through pages that show 10 items. You can’t search for a title (not in the “My Documents” section anyway), for one thing. The titles display doesn’t “wrap around” either, so that if you feel like opening “Zymurgy for Beginners” (that’s beer-brewing BTW) and you have a large collection of ebooks you are in for a frustrating time indeed — in my case that would involve pushing the “next page” button 81 times. Now once you do have it open you can reopen it by touching the “Now Reading” button on the navigation window, and once you have opened it you will find it quicker by switching the book sort order to “recent”, but it’s still a huge flaw in the fundamental function of the reader. So not only was this not designed by a very experienced software person (see above), it clearly wasn’t designed by someone who’s ever managed an even moderately-sized documents library. The Nook also does not support folders, so the idea of categorizing anything goes out the window. You can have folders in the file structure of the device, but in the Nook interface the display assumes a flat “hierarchy” where everything is at the same level. Again, that would have been a very easy to implement; all the Nook would have needed to do is retain the way in which the files it contains were originally organized when they were transferred to the device, but the interface flattens everything and undid all the good work previously done by the user.

Nor was the Nook designed by someone familiar with even the basic rudiments of the English language, either. How do I know this? Well, when you have a book called “The science of [something]”, you naturally would file that book under “S” for “Science”. The Nook files it under “T” for “The”. This is pretty elementary stuff. You don’t need a diploma in Library Science to figure that out. Yet the Nook software fails at this, and when you have a large document library — which the Nook and other e-reader devices should be good at managing, they’re usually marketed as a way to “carry your entire library around”, the Nook specifically states in its overview “Store as many as 1,500 eBooks, eNewspapers, and eMagazines”, but if everything is filed under “The” or “A”, it’s going to be hellish just finding the publication you want to open. Calibre is an open-source, free application, and it has that bit figured out. Why can’t the Nook, which you have to pay money to get? It’s not even a particularity of English. The use of definite and indefinite articles is something that’s seen in most languages. But the Nook software completely misses that well-known grammatical feature.

And finally, the tags you add to the book in Calibre may or may not work without any apparent rhyme or reason. Good luck trying to figure out what the book “entitled” “0192853791.pdf” is — the title and author are clearly visible in Calibre, but for some reason that got lost in the rather long time it took to get copied over to the Nook (which long time could be Calibre’s fault). Not very reliable, that.

Of course the principal purpose of the device, from B&N’s point of view, is that it will help sell books, but if you’re not in the United States, right now, it’s not going to happen. The shipping address of my B&N account is in Canada where I live, and practically speaking there is nothing available to people outside the United States, not even free books that are in the public domain — and I’m talking about stuff like The Federalist Papers, written by Alexander Hamilton in the late 1700s, and which is available from any number of other web sites but not from B&N. In my experience even those public-domain works that are hosted on Google Books aren’t available from the “Shop” button on your Nook, even if you can read them directly on the Google Books site from a computer located in Canada! Even worse, if you do try and “buy” it from the site you get a horribly misleading error message that states “You must have a billing address in the United States, U.S. territories, or Canada for B&N.com to process your order”. I do have a billing address in Canada on my account, I double-checked. I’m afraid that this oversight is rather typical of a product that’s been rather poorly designed and QA’d. Being physically in the United States does not help with this problem either because it’s based on the billing address in your account.

To be fair, there are about a handful of books that I could purchase through B&N.com in electronic format, but it’s a tiny fraction of 1% of the content that the store has. It’s an almost negligible selection of Simon & Schuster titles, plus stuff from some boutique publishers. People on the Nook support board seem to think that it’s some political issue.

However, in contrast, I’ve looked up random content I would be interested in on amazon.com, and in an interesting reversal it seems that the stuff that’s unavailable to me as a Canadian customer is very, very small. Chances are if they have it I can in fact buy it. Frankly if I’d been aware of this when I purchased an ebook reader, I would have bought a Kindle, but this was a bit of an impulse buy when I was physically at a store.

What else have I not covered yet… the Nook has a very basic web browser built-in, but the less said about it, the better. It’s just a beta anyway. Navigation is done through the secondary screen, but the process is pretty clunky. The Nook has a virtual keyboard for those occasions when you need to enter text, but this is clearly a data consumption (and not production) device; the keyboard has to fit the small touch screen so the keys are very small, and men will have serious difficulties using it without touching the next letter from the one they want to type, even those like myself who don’t have particularly large fingers. There are two games built-in, sudoku and chess, but again the navigation is just completely unsuited to the task at hand. Why not have a crossword instead, it would make more sense at least. The Nook has a built-in audio player, but with only 1.27GB to work with you’d have a very hard time fitting much music on there if you want to, you know, actually have books available. There are just so many flaws to the whole design that it might be understandable if the Nook had preceded the Kindle to the market, but it didn’t. Even the very idea of a touch screen for navigation is terrible because in comparison to the Amazon device it is an energy waster, not as practical as a keyboard and joystick, and when you use it in not-so-well-lit conditions it annoys the eyes and is distracting (it’s a regular backlit screen).

To be frank that’s the sort of experience (though it’s by no means the only one) that has led me to not go physically shopping anymore. In this case I’ve splurged some $200 (Nook wifi, cover, screen protector) on an unreliable device that really doesn’t suit my needs or work as intended, and being light it doesn’t even make a good paperweight. I cannot in good conscience recommend it, so if you get a Google ad at the top of this page advertising a Nook for God’s sake don’t buy one.

Can I recommend the Kindle? No. I haven’t tried it out at all, so it’s entirely possible that it suffers from the same problems as the Nook. Which I will likely find out when the Kindle 3 becomes available again, as it’s currently sold out. I could buy a Kindle DX which I think would suit me better, but that’s almost $400, if I’m going to spend that much I might as well throw some more money at the issue and get an iPad which is an entirely different and more capable device.

So my Nook seems destined to end up on top of the rather embarrassingly large pile of tech gadgets I now regret having purchased. The presentation in the stores is very good, but it’s organized carefully in such a way that the customer will just not see the major usability and reliability issues that the device suffers from; that’s what marketing is for. The Nook does have a saving grace, and it’s that it’s been cracked (“rooted”) by a group of developers over at nookdevs.com, with whose work I will hopefully be able to make a useful device out of it. Sure it’ll void my warranty, but at this point I can’t return the thing — I’m hopelessly past the 14-day satisfaction guarantee, and AFAIK the unit functions as well as B&N expects it to work — and it just isn’t usable for me in its standard configuration so I don’t really feel that I’m losing anything.

But if there’s a lesson to be learned from this, it’s that you should never, ever just buy electronics as an impulse purchase. Take it from a guy who’s spend thousands upon thousands over the years on useless stuff so you don’t have to.

Is Reddit on the path to decline?

For a long time I’ve been a member of reddit.com, which is a fairly popular blog of sorts, but recently I’ve started to wonder if it hasn’t jumped the shark and entered its natural period of decline.

I’m not usually a big fan of the whole “is this what this site has become” whines, and this isn’t going to be a note about how the content used to be so much better than it is now (although one may say that such naysayers have a point, what with imgur.com now practically being the most prominent source of links). The site has grown tremendously and recruited users from outside its traditional scientist/engineer base to become more of a general content site, although it does have its overall tendencies, viz. atheism and political liberalism.

That being said, over the past few months it seems that the site is succumbing to its own success. Site performance is generally marginal, and during busy times you’re disturbingly likely to get a 502 error page instead of the comments page you wanted. The search functionality, which was never one of the site’s strengths, is now basically unusable; when doing a search you’re most likely to get the message that reddit is “under heavy load”. Likewise when you attempt to check your unread messages, you often end up with the picture of the reddit alien sweating while carrying a big object on his back (get it? “under heavy load”? harharhar). And of course there has recently been a bit of outright downtime.

The problem is that this just isn’t supposed to happen, not for a site which prides itself on its tech-heavy roots, and especially not for a site which has been acquired by a large corporation. Availability issues are understandable for sites such as this one, which do not have a server farm available to accommodate an excess of requests; but in reddit’s case it’s owned by Condé-Nast, a company with a lot of resources at its disposal. The site has had a few upgrade-related outages in the not-too-distant past. It would appear that the upgrades did not really resolve the underlying issues. It would seem that reddit doesn’t scale as well as its owners think it does.

At the same time it’s not like demand for sites such as reddit is showing signs of abating. The site’s pageviews have grown 1200% since January 2009 (acc. to Alexa) and over 10% in the past three months. So reddit’s capacity problems, it seems, are only going to get worse with time, especially given that they can’t really cope now. Which is really odd for a site whose membership could once be relied on to say that they knew 20 programming languages and “only” used 5 or 6 on a regular basis…

Documentaries to watch in 2009

I’ve been watching a lot of documentaries on YouTube recently, so I figured it might be a good idea to recommend a few. I think all of them are well worth seeing, if you haven’t viewed them already.

Continue reading “Documentaries to watch in 2009”

The Paulson Trillion-Dollar Bonanza: What’s Not to Like, Part III

I’ve been giving some thought as to the actual value of continuing with this series, because a)over the weekends the bailout proposal has changed considerably, and as of the time of my writing this this newer agreement has already been turned down by the House of Representatives. Continue reading “The Paulson Trillion-Dollar Bonanza: What’s Not to Like, Part III”

The Paulson Trillion-Dollar Bonanza: What’s Not to Like, Part II

Yesterday I wrote at some length about how the US economy has gotten to the point where Paulson and Bernanke decided it would be worth spending 5 hours promising Congress gloom & doom unless they got a record-busting bailout measure passed. So, why not like this (theoretically) $700B plan to “save the markets”? There are a number of reasons, which I shall put forward here. For reference, here is the draft proposal for the bailout so you can follow along.

Continue reading “The Paulson Trillion-Dollar Bonanza: What’s Not to Like, Part II”

The Paulson Trillion-Dollar Bonanza: What’s Not to Like, Part I — How We Got There

In case you’ve been asleep in a cave with your hands over your eyes and cotton in your ears for the past few weeks, the American economy has been in a world of hurt recently. US Treasury Henry Paulson has put forward a far-reaching plan to deal with this crisis. As it turns out there are indeed a lot of things not to like about it, but in order to see what’s wrong with it we need to take a look at how the American economy got itself into this mess in the first place. This will tell us what’s wrong with the economy and whether the bailout plan will address that.

Continue reading “The Paulson Trillion-Dollar Bonanza: What’s Not to Like, Part I — How We Got There”