Meltdown on CNNMeltdown on CNNMeltdown on CNN 07/08/2004 08:59 AM Andrew Dice Clay loses it on CNN/fn. Just lovely. Don't have any details on this but it's worth a look. This is a GrokNews Entry: (what is grok?)Meltdown on CNNGrok Headline matches for Meltdown on CNNP2P set to cause 3G meltdownP2P set to cause 3G meltdown 11/17/2003 05:34 PM Personal Computer World Nov 17 2003 4:09PM ET Meltdown BBSMeltdown BBS 02/11/2004 04:33 PM Meltdown BBS 1.0 alpha 4 released On the meltdown at the Guardian...On the meltdown at the Guardian... 03/14/2003 12:59 PM Mad outbursts in national newspapers are like the rays of sunshine glinting through the storm clouds of international news. It's lovely to be able to sense the person who wrote the news, and get a sense of his or her vibrant perspective on the events they're writing about. It adds interest to information that you might otherwise wish to totally disregard. Like for example information on Cricket! So let's turn towards today's cricket report on Guardian Unlimited. It starts reasonably enough: "It's really simple: India are already through, New Zealand have to win." But then it goes a little pear-shaped: "Meanwhile, have you ever thought what sort of life is this and what the hell am I doing boarding a train for Moorgate at 6.30 In the morning and then standing around for ages waiting for a tube while staring at a sign telling you that if you wait for four minutes you can board a train to Uxbridge I'd rather wait four hours for a journey with the Grim Reaper quite frankly and then you get to work and then there's this and I know the cricket's good and all that but I've got out of the wrong side of bed this morning and in any case it's not as if I'll write a cracking match report and then get rewarded by being sent on a wonderful assignment around the world because I'll be very surprised if any of my bosses will read any of this let's be honest they won't although on the other hand that's probably just as well.." And that's before the weblog-style grumpy commentary kicks in! I mean - classy, fascinating comments emerge like, "Asger Kring works for a Copenhagen media company that publishes several newspapers. "Do you want me to inquire whether they are looking for an over-by-over commentary guy?" Yes. Yes. YES! YES! YES!!!! Not that I'm desperate or anything." By the ninth over, people are writing in with their improvisational 'hit the keyboard with your fists' comments: "I must have a different keyboard-banging technique from Leonard," types John Kirby with his big fists. "I get 'ytcdskljojnvds.lkzsedli;j un fesalmjni vfesa;lmija;mju fceiv faewj;omivrewaomiu; svfeomijuhlvesmu;oilgvrstmjloivtrseomiju,' which looks rather like Finnish." God, my sides would be shaking hard as Shakin' Stephens if it wasn't (as Matt has pointed out to me) potentially a 'wacky' Red Nose Day thing. Wouldn't that just drain all the life out of it? Like all the life out of it? I hate Red Nose Day. It's so desperate and tiring and forced. And they think they're being so cool and down with the kids. Grrr. Wankers. Motherboard meltdownMotherboard meltdown 07/25/2004 08:56 AM My motherboard completely melted this morning. One minute I'm computing fine, the next my screen is frozen. On a cold boot, it can't get past the opening bios welcome screen. I can't even enter the bios setup page. Heck, it was almost a year old, so it lasted longer than most of my electronic equipment. And I was in the market to spend a few hundred dollars getting myself back to where I was anyway. Sigh.... ICSTIS in meltdown - MPsICSTIS in meltdown - MPs 07/01/2004 10:39 AM Clean up premium rate industry - or else Ski Industry Facing Meltdown?Ski Industry Facing Meltdown? 12/03/2003 11:01 PM CBS News Dec 3 2003 10:24PM ET Other News: Internet MeltdownOther News: Internet Meltdown 03/08/2004 11:09 PM "People For Internet Responsibility is pleased to preliminarily announce an 'emergency' conference aimed at preventing the 'meltdown' of the Internet." BT reveals phones meltdown causeBT reveals phones meltdown cause 06/09/2004 11:54 PM News.bbc.co.uk - Wed Jun 9, 03:57 pm GMT eyeing oracle for the orbitz meltdowneyeing oracle for the orbitz meltdown 01/09/2004 09:58 PM mr. ellison, it's a bad thing for any service associated with plane flights to have to worry about "crashing" The Factor of Four: Preparing Yourself
|
The cover story
of this month's Atlantic is
editor James Fallows' Countdown to a
Meltdown,
a look at the implications of reckless Bush-Greenspan economic
policies
for the next generation. The only thing that isn't entirely credible
to
any student of history about Fallows' portrait of coming economic
collapse is the date -- while
he sees it coming quickly and convulsively by 2016, I believe it will
take a full generation to play itself out, and I would have been
happier to see his scenario placed closer to the centennial of the
last
horrific depression, which was also caused by reckless economic
mismanagement -- 2029. But aside from the date, you need only read the
history books (and the very recent history of countries like
Argentina)
to see the rationale, and even the inevitability, of Fallows'
predictions.The article is still on the newsstands, and hence not yet available online, but in essence it sees three deliberate Bush-Greenspan policies leading to economic collapse in 2009:
It seems to me that progressives' inability to explain to the average voter the importance of these competitive advantages (not easy in our dumbed-down world, but doable) is one of the key reasons they are, at least in the US, in the political wilderness2. The consequence of this "every man for himself" doctrine is that in the event of a severe economic downturn (and there is evidence it has already begun if you look at the real indicators and not the phony ones like GNP), the vast majority will be "priced out of any chance for real opportunity". The consequence of a population (a global population, because the US will take down most of the rest of the world with it) which is without hope of climbing out of desperate circumstances is almost too horrible to imagine -- we need only look to Afghanistan, Rwanda, Palestine, or Darfur to see what happens when people just give up trying. Fallows suggests that only the rich and powerful elite will be immune to, and separated from, the effects of this economic collapse. Shielded by security guards in their homes, limos, penthouse offices and retirement villas from the staggering masses, they will be oblivious to it all (my grandparents regularly handed out food and other essentials to house-to-house beggars in the 1930s, to the great consternation of some of their peers and neighbours, who feared hordes of others would follow -- they didn't). But it seems to me that there's a second way to insulate yourself from the impact of economic collapse, other than by becoming fabulously wealthy. And that is to be prepared. If you knew that in ten years the Factor of Four would be upon us, and the eight drastic changes in rates and prices bulleted above would then be in effect, what would you do starting now to prepare for it? The obvious steps:
A final thought from Fallows' article, and it's about education. He quotes Danish executive Niels Christian Nielsen, a Director of companies on both sides of the Atlantic, from a U.Cal presentation earlier this year on the subject: The big difference between
Europe
and America is the proportion of people who come out of the
[education]
system really not being functional for any serious role. In Finland
that is maybe 2-3%. In Europe in general maybe 15 or 20%. For the
United States at least 30%, maybe more. In spite of all the press,
Americans really don't get the education difference. They generally
still feel this is a well-educated country and workforce. They just
don't see how far the country is falling behind.
These two main themes from Fallows' scenario -- how reckless economic policy is leading inevitably to economic meltdown, and the importance of having a government that sets a good example of economic responsibility and public investment for the benefit of all its citizens -- are inextricably intertwined. Bush's failure on both counts threatens not only to lead to the ignominious end of the world's last superpower, but to drag the rest of the world needlessly into a long period of great suffering and deprivation in the process. Notes: 1. One qualification about the Factor of Four, in case any economists or other number crunchers are reading this -- the rates and prices above are subject to continuous adjustment for changes in supply and demand. Because the domino effect will lower demand, prices that spike to quadruple current levels will fall off as a result of this adjustment, so in some cases the net effect may be closer to a Factor of Two or Three. Fallows' scenario reflects this. But if we're trying to visualize how such a change will affect our economy and our lives, thinking in terms of today's purchasing power, it still makes sense to use the Factor of Four. 2. I suspect that Europeans and Canadians take for granted the importance of these things, but do not really understand why they're important -- which is why it is not unthinkable that Bush-Greenspan thinking could happen elsewhere (as it did with Thatcherism), even without the religious undercurrent. That's something for us outside the US to think about seriously. |
By Troy Wolverton, TheStreet.com
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