-- Patrick Henry
Showing posts with label meaning. Show all posts
Showing posts with label meaning. Show all posts
Saturday, March 24, 2012
Quote Of The Day
-- Patrick Henry
Tuesday, January 17, 2012
A Nightmare Next Door
Jan 17th, 2012
by F. Grey Parker
I didn't have time to read much over the last day and a half. Unlike last year, I didn't have time to publish anything about MLK Day. I slept through the South Carolina GOP debate. Our world was turned upside down over the last 2 days.
At a little before Midnight on Sunday evening, my doorbell rang. I got out of bed, grumbling mildly, expecting to see a friend who occasionally drops by at that hour. Instead, standing in front of me, there was a policeman.
"When was the last time you saw your next door neighbor?" he asked hurriedly.
by F. Grey Parker
I didn't have time to read much over the last day and a half. Unlike last year, I didn't have time to publish anything about MLK Day. I slept through the South Carolina GOP debate. Our world was turned upside down over the last 2 days.
At a little before Midnight on Sunday evening, my doorbell rang. I got out of bed, grumbling mildly, expecting to see a friend who occasionally drops by at that hour. Instead, standing in front of me, there was a policeman.
"When was the last time you saw your next door neighbor?" he asked hurriedly.
Wednesday, August 24, 2011
No Recovery
Aug 24th, 2011
If one accepts the narrow and long held academic definitions of the words "recession" and depression," then technically we are in a recovery. Which makes those 20th Century meanings quite absurd. Job creation is not much different now than it was 10 years ago. That is to say, for a full decade we have have failed to add even enough jobs monthly to accommodate new entrants to the workforce, much less return to employment the millions whose positions were lost during the "height" of the crisis in late 2008 and early 2009.
As Roubini pointed out last week, the crisis is actually structural:
"We thought that markets worked. They're not working."
Over at TNR, Richard A. Posner basically agrees with both points:
"If the notion that we are merely living through the after effects of a mere "recession" that ended in 2009 sounds somewhat ridiculous, that’s because it is. If we were being honest with ourselves, we would call this a depression. That would certainly better convey both the severity of our problems, and the fact that those problems have no evident solutions."
We live in an era within which rational public sector solutions are not only the only real hope for a transformative remedy but are also politically impossible due to the fanatical opposition of a Randian and Misesian Republican Party.
In short, we're screwed.
If one accepts the narrow and long held academic definitions of the words "recession" and depression," then technically we are in a recovery. Which makes those 20th Century meanings quite absurd. Job creation is not much different now than it was 10 years ago. That is to say, for a full decade we have have failed to add even enough jobs monthly to accommodate new entrants to the workforce, much less return to employment the millions whose positions were lost during the "height" of the crisis in late 2008 and early 2009.
As Roubini pointed out last week, the crisis is actually structural:
"We thought that markets worked. They're not working."
Over at TNR, Richard A. Posner basically agrees with both points:
"If the notion that we are merely living through the after effects of a mere "recession" that ended in 2009 sounds somewhat ridiculous, that’s because it is. If we were being honest with ourselves, we would call this a depression. That would certainly better convey both the severity of our problems, and the fact that those problems have no evident solutions."
We live in an era within which rational public sector solutions are not only the only real hope for a transformative remedy but are also politically impossible due to the fanatical opposition of a Randian and Misesian Republican Party.
In short, we're screwed.
Tuesday, August 23, 2011
Quote Of The Day
Aug 23rd, 2011
"Even a happy life cannot be without a measure of darkness, and the word happy would lose its meaning if it were not balanced by sadness. It is far better take things as they come along with patience and equanimity."
-- Carl Jung
-- Carl Jung
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