Last seen: 11 hours ago
thegipples is a 28 year old guy from Portland, Oregon, USA
Interests: the human animal, words, music, not movies, Portland, politics, various others. But every nook has its cranny.
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Rated • 1 review • economics, fc • ft.com
From the page: "Policy should strive to be as anti-cyclical as good judgment and common sense will allow, and hence more symmetric than Mr Greenspan argued for. Mr Greenspan wanted to address the hangover. It is surely better to avoid drunkenness."
Rated • 2 reviews • politics, chomsky, afghanistan, iran, pakistan • presstv.com
From the page: "The first message of the Pakistani government to General [David] Petraeus, the American General when he took command of the region was that they did not want any more bombings in Pakistan.
Actually, the first message to the new Obama administration by President [Hamid] Karzai of Afghanistan was the same, that he wanted no more bombings. He also said that he wants a timetable for the withdrawal of the foreign troops, US and other troops, from Afghanistan. That was of course just ignored."
Rated • 1 review • ireland, banking, fc • irishtimes.com
From the page: "The issue is not about "stabilising the sector" - which is fancy talk for bringing the share values back up to where the protected few can get their money. Behind all the smoke, this is the real focus of the current intervention. The issue is about getting the banks to fulfil their basic function - a brokerage between those who have money on which they want low-risk moderate-yield return and those who need to access funds for productive purpose. In the past few years the banks have taken appalling risks what should have been safe money, and aggressively sold "products" with what now turns out to have been very high risk for just a few extra percent return. Now that the bubble has burst on that one, they want access to all available capital to shore up their balance books and get some value back on their shares. They are choking the credit stream and they have no qualms about destroying thousands of Irish businesses in the process. The deal for any recapitalisation should centre on how the money is to be used - if you don't make it available for SMEs, you don't get it. I see they're now trying to put on the agenda that there should be a 'bad bank' where all the toxic assets are gathered. With absolute brass neck, the concept is that the State takes on this one, to allow the rest of the banks to 'recover' - talk about with one bound he was free???? A few weeks ago I suggested that the state should nationalise a few banks, and return them to their core functions of savings, lending for personal use and small businesses, and a defined set of financial transactions (P2P, P2B, B2B). A framework of charges and profit margins would be set, and this would establish a core, stable banking system. All risk-centred and venture captial activities would remain in the private sector, and they can take whatever risks they wish and make whatever profit they can without endangering the core money flow function. Those that can't survive or blow it are just let go under. It's time for a new category, the divested interests.
--Brendan, Mali"
Rated • 0 reviews • politics, israel, gaza, sudan, palestine • wordpress.com
Rated • 1 review • politics, icon, obama • nytimes.com
The fellow who created the Obama icon now in court for having turned a forgotten photograph into a memorable, remarkable work of propaganda:
Rated • 1 review • science, google, powermeter • nytimes.com
From the page: "Google is one of a number of companies devising ways to control the demand for electric power as an alternative to building more power plants. The company has developed a free Web service called PowerMeter that consumers can use to track energy use in their house or business as it is consumed.
Google is counting on others to build devices to feed data into PowerMeter technology. While it hopes to begin introducing the service in the next few months, it has not yet lined up hardware manufacturers.
...It also might be useful for plug-in hybrid cars, which will draw significant amounts of energy, perhaps doubling the electric demand of a small household. A smart grid would recognize the car wherever it was plugged in, the way a cellphone network recognizes a mobile phone when it is turned on.
The grid could bill the owner of the car for recharging the battery no matter where the car was plugged in.
...The stimulus bill now going to a House-Senate conference committee has allocated $4.4 billion for "smart" technologies, including four million of these next-generation monitors, called smart meters. Proponents say that could make more effective use of existing power lines and generate employment."
Rated • 0 reviews • politics, iran, mr fish • laweekly.com
Rated • 1 review • politics, polls, fc • pewresearch.org
But if the tax cuts aren't spent, they achieve nothing.
Rated • 1 review • economics, fc • ft.com
From the page: "The process of socializing the private losses from this crisis has already moved many of the liabilities of the private sector onto the books of the sovereign: banks, other financial institutions and, soon enough possibly, households and some important non-financial corporate companies.
At some point a sovereign bank may crack, in which case the ability of governments to credibly commit to act as a backstop for the financial system -- including deposit guarantees -- could come unglued."
