I had no idea that people used home equity loans to buy cars until I ran across this NYT article today: Auto Industry Feels the Pain of Tight Credit. Our economy is even more fucked than I’ve previously predicted (and given my economic pessimism, that says a lot).
This AP article is a mess. In particular, check out this sentence:
Fournier appeared disappointed as left [sic] the capsule and walked to the hanger [sic]. He was hugged by members of his entourage.
Oh, there’s also this:
Fournier, 64, had planned to make the attempt Monday, but had to postpone his plans because of weather conditions.
And in case you missed it the first time, later in the article:
Spokeswoman Francine Lecompte-Gittens said Monday’s postponement was due to unfavorable weather.
I’ve studied the German language and Germanic culture for years, but sometimes the intricacies of cultural understanding still allude me.
Last week, I visited my company’s R&D office in Linz, Austria, for the first time. Please note that, as far as I know, I’m pretty much the only U.S. employee in the company who speaks fluent German–except the couple of Germans who work in the US offices, of course.
When speaking German, I assumed that all of my fellow software engineering colleagues would address me with the informal ‘Du.’ That was true with one exception.
Forbes just published an article about top ten most recession-proof American cities.
The selections are based primarily on low unemployment, home prices that continue to rise, and the likelihood that the local economy will continue to grow.
By all three of those criteria, it’s no surprise to me that Austin came in at #3.
But what I find strange is the inclusion of San Jose and Seattle in the list. Home prices in those cities may have continued to rise, but as I understand it, those are among the cities hardest hit by the hyperinflation in home prices. In fact, the article mentions that the median home price in San Jose is over $830,000.
Perhaps the economy in those cities is healthy enough that it will continue to attract enough people to support those ridiculous prices, but from what I’ve read, the cities with home prices that have been speculated into the stratosphere will be hit hard by the building recession. It won’t take many job losses in those locations for that house of cards to come tumbling down.
Of course, this is Forbes, which seems to operate in a different reality than I do. The only mention made in the article to the possible severity of the recession is this: “In his statements to Congress’ Joint Economic Committee earlier this month, Federal Reserve Chairman Ben Bernanke predicted the economy would possibly move into recession in the first half of 2008 but begin to rebound in the second half.”
I guess America’s Relatively Recession-resistant Cities wouldn’t have made nearly as catchy a title.
From former labor secretary Robert Reich‘s blog:
Hillary Clinton Doesn’t Listen to Economists
When asked this morning by ABC News’ George Stephanopoulos if she could name a single economist who backs her call for a gas tax holiday this summer, HRC said “I’m not going to put my lot in with economists.â€
I know several of the economists who have been advising Senator Clinton, so I phoned them right after I heard this. I reached two of them. One hadn’t heard her remark and said he couldn’t believe she’d say it. The other had heard it and shrugged it off as “politics as usual.â€
That’s the problem: Politics as usual.
Depressing.
(Via Fred Clark)
Two stories that I ran across on the web today give me some hope for the human race: Nun offers mercy, but robber gets jail (via Fred Clark) and ‘Unbelievable’ sportsmanship in softball game (via MeFi).
I need to get this off my chest.
Borland’s Austin office is located in a big multi-company office building. In the back of the building is a multi-story parking garage. The parking spaces on one side of each row are huge, and on the other side they are very narrow and designated as ‘Compact Cars Only’.
In the morning, the big spaces fill up first for two reasons: they’re on the side where the doors to the building are located, and they’re easy to park in. Of course, since those spaces aren’t marked ‘Big ass vehicles only’, people who get there early, regardless of car size, parks in those spaces.
Those who arrive later in the morning have two choices: park farther away in some of the other big spaces, or a little closer to the door in a narrow space. And of course, by that time, many people park in the closer narrow spaces regardless of the size of their car.
If I want to park in the narrow spaces (I drive a pretty small car, by the way), often the car that’s already there is right up against the dividing line or slightly over it. In this case, it would be impossible to park in the adjoining space without going over the next line. So, instead of leaving 3/4 of a space open, I just pull next to the car that’s already there, which puts me further over the next line. Sometimes, later arrivals continue my pattern of disregarding the lines to make reasonable sized parking spaces, and sometimes the next person leaves the remaining partial parking space on the other side of my car open in order to park in the next designated space (there’s a lesson about personality types in there somewhere).
Well, that was all fine and good before the building management started putting the stickers above on the cars that are parked over dividing lines. It pisses me off to no end that I’m parked over the line in an attempt to work around the management’s stupid arrangement of spaces, and then I get a hostile sounding note from the management for my parking.
I would complain to the building management or to my company’s facilities people, but it wouldn’t serve any productive purpose. I guess this type of ranting is what a blog is good for.
As I opened the front door to walk Samuel to school this morning, I found five police cars and two news crews in front of the house. During the night, car thieves had abandoned a car across the street and shot at the police as they fled. The photo below was taken from my next door neighbor’s front yard.
Most of the items on this list are no surprise, such as the worst breakfast: Bob Evans Caramel Banana Pecan Cream Stacked and Stuffed Hotcakes. However, the worst drink is from a surprising source:
Jamba Juice Chocolate Moo’d Power Smoothie (30 fl oz)
900 calories
10 g fat
183 g carbs
(166 g sugars)
Jamba Juice calls it a smoothie; we call it a milkshake. In fact, this beverage contains more sugar than two pints of Ben and Jerry’s Butter Pecan ice cream.
Via John Scalzi.
The big story in the blog world today is about a Yale art student whose senior thesis involves repeatedly artificially inseminating herself and then aborting. The student’s stated goal is to “inspire some sort of discourse.”
What I find interesting, though, is that even at ultra-left MetaFilter, almost all of the commenters find this project distasteful, with frequent statements such as this one: “I’m pretty darn ‘liberal’ when it comes to abortion and all that, but this rubs me the wrong way, though I’m not entirely sure of the reason why.”
The discussion went on for a good 80 comments before someone posted something similar to what I’ve been thinking, which provide a reason for the commenter quoted above:
This art is shocking and provocative but that is not to diminish it. It is not an empty shock to me. It is filled with real and legitimate questions on how abortion and pregnancy works in our society. The way I see it is it is sort of a completly unspoken truce where most Americans don’t really like abortion but they get that women generally don’t take the decision lightly, they wouldn’t get an abortion unless they thought it was really important.
Now in this case a women is getting pregnant and ending the pregnancy for its own sake. The abortion is the point rather than a means to an end (which is vaguely agreed to be having a child later when you can take better care of it) She is asserting and questioning her own right to do this. She is pointing out that this right which is nearly absolute is in a way contingent on the reason behind it. At the same time though, where is the harm? The fetuses were not developed, the body sometimes rejects a fetus. This is a part of life. And what about her feelings, pregnancy is supposed to have a deep bond between the mother and child what is necessary for this to occur? Is this absolute? Is there something wrong when that isn’t there? What does she feel about these children, is she a monster for not thinking what we expect?
We have taken a biological reality and built this mythology around it and it might be that the mythology is an important and necessary part of what it is to be human or it might not be, and this art, I think, actually helps us answer this question.
There’s your hoped-for discourse right there.
UPDATE: Yale now says that this project never happened; it was a ‘creative fiction.’ If so, the artist still achieved her stated goal.
