
Heads Up, America: The Elephant In The Room (Mr Fish)
SKYWALKER: Can You see what will happen to them?When in doubt, quote a hand puppet: Greece and the Egyptians have gone to the polls this week in two sets of circumstances that are pivotal for the regions involved (the Eurozone, and the Middle East), and through them the rest of the world.
YODA: Difficult to say. Always in motion is the future.
Star Wars: "Episode Five; The Empire Strikes Back" (1980)
June 17, 2012, 2:41 pmAny Questions?
And Then What?
So it appears that the governing coalition in Greece has pulled out a narrow victory — winning only a minority of votes, but getting a narrow majority in the parliament thanks to the 50-seat bonus New Democracy gets for coming in first.
So they will now have the ability to continue pursuing an unworkable policy. Yay!
Joe Wiesenthal tells us that there’s a meme in Greece to the effect that Syriza didn’t really want to win, because it would rather see the current government flail some more. Conversely, establishment types should actually be dismayed by this outcome: if current policies fail completely, which seems almost a given, and Greece exits the euro anyway, which seems highly likely, the entire Greek center will end up discredited; better, in a way, to be able to blame the radicals.
And I gather I’m not the only one thinking along these lines...
I would [listen] to the grownups, who on warm nights gathered outside on the lawns and porches to talk and reminisce. At the end of the Fourth of July... it was the special time, the sad time, the time of beauty. It was the time of the fire balloons.For most persons whose relation to culture is primarily visual and electronic, Bradbury's name will be a footnote in an online literature course -- Currents In 20th Century American Pop Fiction, or some similar title which use test questions like, "Did works by classic authors Danielle Steele and Jacqueline Susann have an effect on popular television series like 'Dallas', or 'Falcon Crest'? Discuss."
Even at that age, I was beginning to perceive the endings of things... I had already lost my grandfather, who went away for good when I was five. I remember him so well: the two of us on the lawn in front of the porch, with twenty relatives for an audience, and the paper balloon held between us for a final moment, filled with warm exhalations, ready to go.
...I helped take the red-white-and-blue tissue out of the box and watched as Grandpa lit a little cup of dry straw that hung beneath it. Once the fire got going, the balloon whispered itself fat with the hot air rising inside.
But I could not let it go. It was so beautiful, with the light and shadows dancing inside. Only when Grandpa gave me a look, and a gentle nod of his head, did I at last let the balloon drift free, up past the porch, illuminating the faces of my family. It floated up above the apple trees, over the beginning-to-sleep town, and across the night among the stars.
Mr. Bernanke told a Congressional committee on Thursday that the Fed had not yet concluded that growth was slowing, nor that new measures to stimulate the economy were warranted. The Fed’s policy-making committee meets in two weeks.Surprisingly little interest. Says it all, doesn't it?
“Economic growth appears poised to continue at a moderate pace over coming quarters, supported in part byrunning the presses at the Bureau Of Printing 24 hours a dayan accommodative monetary policy,” Mr. Bernanke told the Joint Economic Committee, an assessment that on its surface was little changed from his last public remarks on the state of the economy in late April.
Beneath the surface of that forecast, however, Mr. Bernanke said that the Fed was confused. The government estimated that employers added only 69,000 jobs in May, a marked slowdown from the reported pace earlier in the year. But other economic indicators show a relatively steady, if lackluster, expansion...
Republicans ... pressed repeatedly for Mr. Bernanke to make a clear commitment that the Fed would take no further action to stimulate growth.
Obligatory Cute Small Animal Photo In Middle Of Blog Ogg Ogg
Representative Kevin Brady, a Texas Republican, asked Mr. Bernanke to ... “take a third round of quantitative easing off the table.”
Democrats, by contrast, inquired politely after the Fed’s plans and showed surprisingly little interest in pressing the Fed for new measures to increase growth.
Representative Carolyn B. Maloney, a New York Democrat, made the nearest approach, calling on the Fed to act forcefully, but she did not ask Mr. Bernanke to commit to such a course of action, nor to explain why he has not done so.
Barbara Tuchman's 1966 book, The Proud Tower, is a history primarily of Europe in the two decades before the First World War; Chapter 6 is entitled, "Neroism Is In The Air" -- a comment by the French pacifist and critic, Romain Rolland, about what he perceived as Europe's then-cultural preoccupation with violence and unease, coupled with complacency, and which he saw as a recipe for destruction, strongman rule, and disaster.This is what makes me lie on my rug and growl, with the occasional soft bark. More polarization and division will lead to... what, exactly? But even with the major streams of information available to us being badly distorted and overly-commercialized, we can sense it won't be pretty.
In art and politics, culture and commonplace belief, Europe in the last years of peace before August, 1914, was speeding towards... something. No one knew what it was, but people felt it, like a wind that picks up ahead of a thunderstorm: You can see a peculiar light, the darkened and clotted sky, and smell the dust and the ozone. Even the deaf and the blind can tell something is coming.
Europe in these days is full of signs and portends, too. So is the Middle East. So is our own country. The so-called 'Arab Spring' (gone in the media, now, when the images of masses of people in the streets become tiring to Western eyes)' the mass riots across the UK over the past two weeks; the fact that one (and as of tomorrow, two) self-declared evangelical christians are declared candidates for the Republican presidential nomination; the bizarre shadow-play of the fake debt ceiling crisis manufactured by Rightist Tea Partei bullies which led to S&P's downgrading of U.S. sovereign debt and a $1.5 Trillion dollar loss in the U.S. stock markets in the past five days.
I don't know what you're feeling, but you don't have to be a Dog to see the clouds in the sky, and smell the ozone; Neroism is in the air. But few people are paying any attention, even though everyone knows something is desperately wrong. That common wisdom screams to be heard that things are incredibly out of balance; that jobs are what people need, not forced Austerity; and we must have cooperation rather than the vicious, tribal idiocy that has poisoned our national discourse for almost twenty-five years.
Siting on the sofa
On a Sunday afternoon;
Goin' to the candidates' debate
Laugh about it, shout about it,
When you've got to choose;
Either way you look at it, you lose
-- Simon and Garfunkel, "Mrs. Robinson" (1968)