Yesterday was Ripley Bonfire Night – one of the year’s biggest events in our neighbouring village where Dane goes to school. The entertainment starts with a procession of floats through the town. It’s not a very big town, so this year’s five floats were a record, I heard. Dane’s class at school were in charge of the school float. The chosen theme this year was to celebrate that the school has become a Primary School, so it was something with launch and rockets… The parents – some more than others (find me in the latter category) – worked hard on creating a spectacular float. Unfortunately we didn’t win the float competition. The girl scouts (called Brownies in this country) won with a float on the theme of the Narnia Chronicles.
There were around 10.000 people in Ripley, so there were a lot of spectators along the way. After the procession the bonfire was lit and then there was an impressive fireworks display. After that we were tired and went home for some tea and cheese sandwiches – with sore feat after hours of standing.
Today the weather has been really, really awful – although it’s cleared now and there’s the most spectacular sunset – so we’ve stayed in all day. First it was the usual – a couple of hours of Sunday Times. Dane has worked out the Catch up TV, so he spent the morning catching up on his favourite programmes on CBBC. Then we played Star Wars monopoly for I don’t know how many hours. Dane won – without cheating on anybody’s part. Now it’s time for me to get out of my chair and into my kitchen. The menu says Vietnamese prawn and cauliflower coconut curry. Hope it’ll turn out as nice as it sounds. Then it’ll be time for some serious TV watching – all the programmes we’ve recorded in the past week. First and foremost Merlin, a wonderful series for the whole family on BBC. We enjoy every minute of it!
What do they have in common? On the surface of it, nothing. But I see two things. One – they’re both sign o’ the times. Two – they appear on my blog in the same post…
I found a link to this film on Boing Boing. It’s Girl Talk, Lawrence Lessig, Gilberto Gil and Cory Doctorow in a film about the end of (some) copyright. Good! This article, also from Boing Boing is also about copyright. Are we allowed to sell our old CDs?
It was also Boing Boing that pointed me to an Atlantic article that I hadn’t read yet, although I’ve just downloaded the most awesome application to my Iphone, which – among a zillion other things – allows me to read the Atlantic on my phone. Wow!!!! The article is written by a journalist who – at the risk of getting arrested and prosecuted – shows how airport security is much more show than it’s actual security. Really very scary! One of many holes he uncovers, so to speak, is this:
To slip through the only check against the no-fly list, the terrorist uses a stolen credit card to buy a ticket under a fake name. “Then you print a fake boarding pass with your real name on it and go to the airport. You give your real ID, and the fake boarding pass with your real name on it, to security. They’re checking the documents against each other. They’re not checking your name against the no-fly list—that was done on the airline’s computers. Once you’re through security, you rip up the fake boarding pass, and use the real boarding pass that has the name from the stolen credit card. Then you board the plane, because they’re not checking your name against your ID at boarding.”
And now for something entirely different. On The Long Now Blog I found a link to something new. Crowd powered translation. Whenever you have five minutes, you can go there and help out. You can choose something to translate that’s important to you and then just do as much as you can that day. I just tried it and translated a bit of a discussion between Will Wright and Brian Eno into Danish. Click here and see my just translated text as subtitles to this video (only the first two minutes – must do more soon). It’s a cool tool. Imagine an organisation with an important video they want to get out to as many as possible, quickly. They send link – e.g. through Facebook – to the video’s transscript on this site and members from all over the globe can translate it quickly. You can then load the video onto Youtube and from there redirect people, who don’t understand the original language. Cool tool!
It was quite a nice day today and we took it veeery easy. Read the Sunday Times for a couple of hours and then went to Wisley, as we quite often do. It’s nearby and we’re members. They had a farmers’ market and pumpkin carving for children. So Dane carved a small pumpkin, which is now guarding our front door. And David bought dinner, a freshly made game pie. Uhm, it was nice. Dane found some bread in the restaurant and we went to feed the ducks. But it turned out to be more fun to feed the fish! The top picture is made entirely of Wisley’s own apples by Wisley employees. Apple Owl. Looks good, tastes good and even sounds good!
Here’s the latest news on the development from Forbes. Both congress and senate seem to be dragging their feet.
And I think that’s a good thing. I’ve decided that there is probably more of a libertarian in me than I’d thought. I read through Paulson’s plan when it was first launched, long and dead-boring as it was. And I just couldn’t agree with the man. I haven’t read Dodd‘s counter plan, but had it explained here.
Here’s a couple of good quotes that pretty much sum up my feelings on the matter:
Tyler Cowen, professor of economics and prominent writer, explains the difference between the two plans:
Think of a barrel of apples, some good, some less good. To oversimplify, the Paulson plan has the government buy some of the bad apples. The Dodd plan has the government buy a 20 percent share in the barrel. In both cases government buys something.
He points to this letter signed by a host of economists:
As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan:
1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses. Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.
2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.
3) Its long-term effects. If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America’s dynamic and innovative private capital markets have brought the nation unparalleled prosperity. Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.
For these reasons we ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.
And there’s another thing that I can’t help thinking about. What about the US’ economy in general? If this bail-out goes through, half the American economy will be based on loans in foreign currency. Most of it in yuan (Chinese money). Is that better than having some banks and some mortgage brokers go under?
Here’s a quote from BBC:
Ballooning state debt: The plan would swell the budget deficit, which could fuel inflation, economists warn (Mr Paulson has asked to raise state borrowing to $11.3 trillion, from $10.6 trillion).
A picture of Meg Ryan from The Women? Oh no! No pictures of face-lifted women on my blog. So here’s cute George. Picture borrowed from Styletraxx.
OK, some of you would probably much rather know what I thought of the film The Women, which I saw yesterday. Well, it stinks! I remember being pleasantly surprised by The Devil Wears Prada, which I watched on one of the long-hauls on our trip. Entertaining, funny and with a bit of bite. This one was/had neither. And tooooo looooong! My fingers were literally cutting through the air in some scenes… So, don’t go there. But I saw trailers for two films that I’m longing to see: Brideshead Revisited (oh, how we swooned in front of the TV, when the series was shown in the 80’s!). And the new Coen Brothers film. I’ve seen all their films and I just looove them… and George Clooney ;-)
PS: You’ll want to be wary of the above Wikipedia links (economy). All the articles are highly controversial. So – if you want to go in-depth with any of this, seek other sources as well.