June 3, 2009

Update on the Economy

"US business bankruptcies rise 40 per cent in May
3 Jun 2009, 0716 hrs IST, REUTERS

"NEW YORK: US business bankruptcy filings jumped 40 percent in May from a year ago as the sluggish US economy pushed more businesses into the red, a bankruptcy data provider said on Tuesday."
More here. (Funny how you have to go to India Times for the facts about bankruptcies in the U.S.)

Fed Oversight

Saw this a while ago; shoulda published it then; it's still good.

June 2, 2009

Badder Homes and Gardens

My new favorite other blog – esp. Nikki's posts – just go see it, here.

:)

Could Be Fun: the Embassy of Piracy

at the next Venice Biennale, billing itself as "the largest embassy in the world."

"KOPIMI-TV.S03E03: THE.CURATOR," is cool (here; and if that doesn't work, try here); though I can't help being reminded of Uso Justo, which I wrangled for the Dallas Video Fest. in 2006 and have to say I liked even better; but The.Curator does address the curatorial problem, which is major and growing, esp. in this internetted era; plus maybe it was more of an off-the-cuff effort?

June 1, 2009

Netherlands Returns to Paper Ballots

"'We Do Not Trust Voting Computers' set out to ensure that the election process in our country would once again become as fraud resistant as it was before the advent of paperless voting computers. And that is what we got. On September 27, 2007 the Election Process Advisory Commission issued its 'Voting with confidence' report. The State Secretary for the Interior immediately announced that the 'Regulation for approval of voting machines 1997' will be withdrawn. On October 1, 2007 the District Court of Amsterdam decertified all Nedap voting computers currently in use in The Netherlands. The court order is a result of an administrative law procedure started by 'We do not trust voting computers' in March 2007. On October 21, 2007 the 'Regulation for approval of voting machines 1997' was finally withdrawn.

"On May 16, 2008 the Dutch government decided that elections in the Netherlands will be held using paper ballots and red pencil only. A proposal to develop a new generation of voting computers was rejected."

More here.

May 29, 2009

By Les Leopold on HuffPo

Fear and Looting in America: Are We Really Out of Money?

"'Well, we are out of money now . . . .' President Obama, May 25, 2009.

* * * * *
"What happened to the $305 billion of 2004 through 2007 bank profits that have since vanished from the banks' balance sheets? About half were paid out in compensation to executives, managers and traders. Yes, amazing as it may seem, when you work for a large financial institution you can be paid massive sums even if your work ends up producing nothing -- not even just nothing, but a negative result. All those autoworkers who are being blamed for the miseries of GM and Chrysler? They actually did make cars that are still transporting people. But the Wall Street players, who took home billions for supposedly making valuable financial instruments, were actually making economic weapons of mass destruction. And you can bet that much of their billions are safely parked in off-shore accounts and other low/no tax investments. In a sane and fair world, we would be thinking about how to get it back to help pay for the costs of cleaning up the toxic financial mess.

* * * * *
"In 1982, the top 400 individuals held an average net worth of $604 million each (in 2008 dollars). By 1995, their average wealth jumped to $1.7 billion. And in 2008, the 400 top winners averaged $3.9 billion each . . . . The total for the 400 high rollers adds up to a cool $1.56 trillion. That's equal to about 10 percent of the entire gross domestic product of the US.

"We certainly could have a heated argument about how much of this wealth derived from the derivative-driven boom that just went bust. A case could be made that much of this money is ill-gotten since it came from artificial financial instruments that were rated improperly, or came from artificially leveraged transactions that now have crashed the system as a whole. An even more contentious fight would break out if we discussed whether there is any justification for allowing that such sums to accumulate in the hands of the few, no matter how worthy any of these individuals may be. And we could have us a row asking whether or not a democracy can really survive with so much wealth in the hands of so few people. But surely we can all agree that those top 400 are sitting on a huge pile of money, while our country is going deeply into debt to fix a financial system that has contributed mightily to their enrichment . . . ."
More at HuffPo.

Update Re- Rick Silva Project

These are frames from animations that are part of Rick's rapidly evolving "blog art" work here (you can enlarge the stills at right by clicking on them, but the work looks much better in the flesh, so I rec. going to the link). All are part of "a landscape/natural phenomena-inspired work that mixes looping video, sound, and images."

UPDATE: This work has made the first cut for a Rhizome commission (congrats, Rick!); you can vote it up here.