Tag: stimulus

Shared Links for Mar 4th

Shared Links for Feb 26th

  • Zombie Bank Monster Mash – An animated monster mash, starring our bailed out financial "industry" (or is it just a lobby now?). Sadly Mark Fiore seems unwilling to implicate the current administration in the continuing mess. (tagged: cartoon zombie finance bailout banks economics politics geithner )
  • No, Wait! You Got It Backwards! – Well, so much for any hint of "change" in the administration's policies toward the banking industry. The Treasury's plans to buy convertible preferred shares in the banks is completely backwards – giving a put option to the banks, instead of getting a call option in exchange for the risky investment. Taxpayers are guaranteed to be screwed. (tagged: treasury banks bailout geithner obama economics finance )
  • The Case Against Home Ownership – An infrequently made point in the US: owning is often more expensive, and less convenient, than renting… and that's even before you account for the massive government incentives that have been put in place since WWII to encourage people to buy their own place. People frequently look at me like I'm crazy when I suggest we should just live close to where we work as a way to avoid the expenses of driving, or the inconveniences of (bad) public transit. (tagged: subsidy transportation housing economics suburbia planning taxes )
  • Copenhagen to continue Copenhagenizing – Denmark's take on "economic stimulus": massive investments in public transit and bike infrastructure. In a nation of 5 million, they're committing $16 billion over the next 10 years, which is about $1/day per person (which is less than 1/5 what the average US family spends on their automobiles) Regional rail, intra-city light rail. Bike lanes and paths. Road pricing for drivers. Etc, etc. I'm glad someone is setting a good example. It will be interesting to see how the world responds to Copenhagen later this year, when the next round of climate talks takes place. I can't think of a better city to represent my hopes for the future. (tagged: transportation politics copenhagen bicycle rail denmark stimulus )
  • NYPD fires rookie cop caught on YouTube video bashing bicyclist – Last fall a cyclist was body checked off their bike by a cop in the midst of a Times Square Critical Mass ride. Said event was recorded via cameraphone. Cop perjured himself in official report, claiming cyclist ran into him intentionally. Video viewed on YouTube 2 million times. Cop now unemployed and facing 4 years in prison for assault, falsifying documents. Sometimes we win. Makes me want to record just about everything. (tagged: bicycle police transparency youtube )

Shared Links for Feb 23rd

  • Goodbye to the Age of Newspapers – I just don't buy the lament of the newspapermen. If the papers were subsidizing the collection of "real" news with ads, how sure are we that people ever wanted news? Why exactly should we believe that there ever was some public interest at heart in journalism? I'd say it's just as likely that the fragmentation of digital media, and the trend toward tabloid fluff, is an indication that nobody (or at least, not enough people) really cared about the "serious" news in the first place. Disaggregated, opinionated, (truly) non-profit journalism will certainly be different than the muckrakers, or Big Media, but it's unclear to me that it will be worse in any way for government transparency, or democratic interchange. (tagged: technology media government transparency democracy )
  • The Crisis of Credit Visualized – Another great popularly accessible explanation of how we got into this mess, this time in cartoon form. Too bad there weren't any regulators in the story! (tagged: economy crisis financial animation mortgage subprime )
  • Bank insolvency: tips & tricks – Never, ever, feed a zombie bank. The great thing (or, one great thing) about blogs is that you can talk about serious and technical issues, using analogies to zombies. Try that in the Economist, or the WSJ. (tagged: economics finance stimulus bailout fed banks zombie )
  • Ann Druyan Talks About Science, Religion, Wonder, Awe, and Carl Sagan – Musings from Ann Druyan (Carl Sagan's partner) on how we might apply the wonder of the cosmos, as revealed by science, toward the creation of naturalist spiritual communities. (tagged: science religion sagan atheism naturalism cosmos spirituality )
  • There's no reason for non-recourse – Options are valuable. That's why we have markets for them. The trillion dollars worth of non-recourse loans (cf pawnbroker) which the Fed is apparently about to offer up to the finance industry, will, because they are non-recourse, lead to a misvaluation of the assets being bought, even if they're being bought by private entities, because the penalty for non-repayment is simply forfeiting the asset (which might very well end up being worthless). The Fed is acting like a pawn shop, but a dumb one: what pawn shop in its right mind would let you exchange your cubic zirconia for half the value of a diamond? (tagged: finance economics crisis bailout fed geithner bernanke )

Shared Links for Feb 11th – Feb 12th

Shared Links for Fri, Feb 6th, 2009 through Sat, Feb 7th, 2009

  • Overcoming Obstacles to U.S.-China Cooperation on Climate Change – Guidelines from the Brookings Institute for the US and China to cooperatively address climate change and clean energy issues, without being combative. Executive summary sounds good, whole thing is 80 pages long. Given the positive economics for many energy efficiency measures, I thought there should have been a little more focus on the often erroneous assumption that addressing these issues has to be costly. (tagged: energy sustainability china policy climate efficiency brookings )
  • Amendment to Eliminate Bike Infrastructure in Stimulus – DeMint (R – SC) and Coburn (R – OK) are trying to kill all bike infrastructure investment in the stimulus package. Call them and your own senators and make sure it doesn't happen! (tagged: politics bicycle infrastructure policy transportation stimulus )
  • The Transparent Society – The essay that later became Brin's book of the same name, in which he argues that first, universal surveillance is coming, whether we like it or not, and second, that a world which is transparent – in which surveillance goes both (all) ways, is vastly preferable to one in which the illusion of privacy is maintained, and the powerful are the only ones with access to our information. (tagged: technology privacy transparency surveillance brin wired )
  • Make Love Not Porn – Hardcore (esp. internet) porn has unfortunately come (ha!) to substitute for sex-ed in our culture, so says Cindy Gallop. I think she has a point. And so she made this website, to try and point out the flawed generalizations that one might arrive at from being "educated" by online porn. I think it's worth noting also though, that the diversity of pornography on the web has steadily increased over time, and there's a lot of positive and realistic, and non-exploitive depiction of sex out there now, if you want to look for it. In particular Abby Winters, Beautiful Agony, and I Shot Myself come to mind. It's ironic (absurd?) that the site has an "18+ only" clickthrough on the front page. (tagged: porn sex love ted education )
  • Dept. of Energy to draft energy efficiency rules… 30 years late. – I can't believe I'd never heard of this. Apparently for the last 30 years, presidents have been refusing to direct the Dept. of Energy to draft enforceable energy efficiency regulations, despite being directed under law to do so by Congress. Finally in 2005, 14 states sued, and won, and Bush still failed to comply in a timely manner. How many other instances of the executive branch (both democrat and republican!) completely ignoring Congress on important issues are there? It's rare enough that Congress gets anything right – that the president should ignore them when they do is unconscionable! (tagged: politics policy energy nytimes green efficiency standards regulation )