Author: Serkadis

  • Buffett: The Homebuilding Industry Has Just One More Year Of Pain

    In his latest letter to shareholders, Berkshire Hathaway CEO Warren Buffett offers some interesting thoughts on the homebuilding industry (in which he is involved via the company’s pre-fab Clayton Homes unit).

    The industry is in shambles for two reasons, the first of which must be lived with if the U.S. economy
    is to recover. This reason concerns U.S. housing starts (including apartment units). In 2009, starts were 554,000, by far the lowest number in the 50 years for which we have data. Paradoxically, this is good news. People thought it was good news a few years back when housing starts – the supply side of the picture – were running about two million annually. But household formations – the demand side – only amounted to about 1.2 million. After a few years of such imbalances, the country unsurprisingly ended up with far too many houses.

    There were three ways to cure this overhang: (1) blow up a lot of houses, a tactic similar to the
    destruction of autos that occurred with the “cash-for-clunkers” program; (2) speed up household formations by, say, encouraging teenagers to cohabitate, a program not likely to suffer from a lack of volunteers or; (3) reduce new housing starts to a number far below the rate of household formations.

    Our country has wisely selected the third option, which means that within a year or so residential housing problems should largely be behind us, the exceptions being only high-value houses and those in certain localities where overbuilding was particularly egregious. Prices will remain far below “bubble” levels, of course, but for every seller (or lender) hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means because the bubble burst.

    Just as he did last year, Bufett explains how Federal regulations harm his operations specifically and stand to benefit more speculative housing activity:

    The second reason that manufactured housing is troubled is specific to the industry: the punitive
    differential in mortgage rates between factory-built homes and site-built homes. Before you read further, let me underscore the obvious: Berkshire has a dog in this fight, and you should therefore assess the commentary that follows with special care. That warning made, however, let me explain why the rate differential causes problems for both large numbers of lower-income Americans and Clayton.

    The residential mortgage market is shaped by government rules that are expressed by FHA, Freddie
    Mac and Fannie Mae. Their lending standards are all-powerful because the mortgages they insure can typically be securitized and turned into what, in effect, is an obligation of the U.S. government. Currently buyers of conventional site-built homes who qualify for these guarantees can obtain a 30-year loan at about 5 1⁄ 4%. In addition, these are mortgages that have recently been purchased in massive amounts by the Federal Reserve, an action that also helped to keep rates at bargain-basement levels.

    In contrast, very few factory-built homes qualify for agency-insured mortgages. Therefore, a
    meritorious buyer of a factory-built home must pay about 9% on his loan. For the all-cash buyer, Clayton’s homes offer terrific value. If the buyer needs mortgage financing, however – and, of course, most buyers do – the difference in financing costs too often negates the attractive price of a factory-built home.

    Join the conversation about this story »

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  • Yahoo Answers Gets an Updated Look

    Though clearly understated by the ruling web elite hanging around Twitter, and maybe Buzz now, or whatever it’s the hot new service de jour, question and answers sites are very, very popular with the vast majority of Internet users. Yahoo Answers is the biggest out there and the number of people using it is clearly impressive, but as with several other … (read more)

  • Hawaii To Sound Tsunami Sirens At 6:00 AM To Wake Everyone Up And Warn Them

    honolulu-hawaii.jpg

    While those of us awake on the lower 48 are well aware of the tsunami warning in effect for Hawaii, most folks in Hawaii at this point are still soundly asleep, not watching TV, reading the news, or checking email.

    As such, the state plans to sounds loud sirens at 6:00 AM  a little over an hour from now to wake everyone up and warn them, according to the Honolulu Advertiser.

    The tsunami is not expected to hit until some time after that, so this should give the citizens time.

    Join the conversation about this story »

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  • Tampa ‘Strippermobile’ grinds to a legal halt… but not for the reason you think [w/video]

    Filed under: ,

    Srippermobile

    Tampa Strippermobile gets shut down – Click above to watch video after the jump

    To advertise the Déjà Vu gentlemen’s club in Tampa, Florida, the establishment’s visionaries installed a pole in the back of a box truck and then fitted plexiglass wall inserts so that outsiders could see in. The result: a rolling strip show… for everyone. Tampa authorities closed the show down last week, but not because of the women doing pole dances at stop lights. It turns out that the mobile display isn’t breaking any laws. No, it was shut down over issues with the truck’s Nevada license plate.

    That’s ironic because the truck’s “career” began in Las Vegas, but city officials there – in sin city, of all places – ran it out of town. In Tampa, on the other hand, the strippermobile will be back for more action once the registration kinks are worked out. The truck’s owners have promised to curtail certain types of performances until a certain hour and to only trawl bar areas of town. This agreement has made the city, Déjà Vu, and the First Amendment one big happy family. Follow the jump to see the pole-tacular video.

    [Source: WTSP]

    Continue reading Tampa ‘Strippermobile’ grinds to a legal halt… but not for the reason you think [w/video]

    Tampa ‘Strippermobile’ grinds to a legal halt… but not for the reason you think [w/video] originally appeared on Autoblog on Sat, 27 Feb 2010 09:15:00 EST. Please see our terms for use of feeds.

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  • Natural Hair Loss Treatment and Cure


    tinyurl.com Some of the best apple polyphenol products on the market. The polyphenols in Applepoly have anti-cancer, anti-aging and tremendous natural hair growth properties. What makes apple polyphenols so unique is that they have a higher concentration of polyphenols than other fruits and are extremely powerful See more at www.squidoo.com Scientific studies have shown that the polyphenols in Applepoly make it the best natural hair loss treatment on the market. The studies done on this natural hair loss treatment have been done all over the world and are ongoing. If the studies continue to show more incredible results, it could be considered a natural hair loss cure. Apple polyphenols as a natural hair loss treatment was learned by Japanese scientists doing studies on herbal hair growth and found that an apple extract had 300% growth rate. The polyphenols in apples are some of the strongest antioxidants on the planet and have been developed into a few products by applepoly. The apple polyphenols in applepoly have made this the best natural hair loss treatment and by far has the best results for hair growth in a small period of time. Bets of all it’s an all natural product and there are a very high amount of polyphenols in it, making this in my opinion one of the best products on the market. It is also highly recommended to cancer patients who have lost their hair due to chemo. Not only because apple polyphenols help fight cancer, they are also considered to be healthy natural hair loss cures.

  • Economic: Inflation, UK Lose AAA?, Fundamentals, Durable Goods, Comstock on Deflation, Doomsday Cycle, MS on Tightening

    bill-coppedge-dec09-1 original content selection by MortgageNewsClips.com

     

     bottom-violation

    The International Monetary Fund Calls for Higher Inflation – Paco Ahlgren – When the IMF starts screaming for higher inflation, you know the movement is afoot. Don’t worry IMF! Ben and Barack have committed $24 trillion to this crisis. You’re going to get your inflation. Don’t you worry about a thing. – PA – The Bottom Violation

    ————

    bi1 business-insider-money-game 

    Morgan Stanley: Here’s Why Inflating Our Way Out Of Debt Will Fail Miserably – Vincent Fernando – Morgan Stanley thinks that it is impossible for the U.S. to successfully inflate itself out of its debt problem, even if it wants to, because three key hurdles are preventing it:
    1.  Even stealth inflation would push up treasury yields.
    2.  Nearly half of government spending outlays are linked to inflation.
    3.  The Fed is unlikely to give into this type of policy.

    Money Game at Business Insider

    and

    ms1  pragmatic-capitalist

     WHERE ARE WE IN THE TIGHTENING PHASE? – … Morgan Stanley’s equity team says this bullishness is unwarranted.  They believe the global equity tightening phase has already started and the United States is simply lagging.  As we mentioned last week, MS recommends selling rallies during the tightening phase (see the full year bearish 2010 outlook from MS here).  As the global tightening phase deepens they fear a “growth scare” could develop: … – The Pragmatic Capitalist

    ————

    business-insider-money-game

    Jim Rogers: The U.K. Will Lose Its AAA-Rating THIS YEAR For Sure – Vincent Fernando – Money Game at Business Insider
    ————

    surly1 surly-trader

    excellent group of charts – The Fundamentals: How bad are they? – On a daily basis we all get confronted with a lot of data.  In that data resides many false signals and conflicting statistics.  Today, I would like to take a step back and look at the housing market as it resides today.  The housing market is where most of the trouble started and will most likely be a heavy burden for some time to come. – Surly Trader Blog

    ————

    mp1 carpe-diem

    Growth in Durable Goods Hits 3-Yr. High of 10.2% – Mark Perry – Carpe Diem Blog

    ————

    comstock1 comstock-special-report

    read this – great report – The Cycle of Deflation – Impediments to Debt ReliefComstock Special Reports

    ————

    vox1

    vox

    The doomsday cycle – Peter Boone & Simon Johnson – … over the last three decades, the US financial system has tripled in size, as measured by total credit relative to GDP (see Figure 1). Each time the system runs into problems, the Federal Reserve quickly lowers interest rates to revive it. These crises appear to be getting worse and worse – and their impact is increasingly global. Not only are interest rates near zero around the world, but many countries are on fiscal trajectories that require major changes to avoid eventual financial collapse. … more thoughtsVOXEU.org

  • Uncharted 2 "Flooded Ruins" and "The Facility" gameplay vids

    Last Thursday’s PlayStation Store update saw another round of DLC for Uncharted 2 and for those who haven’t downloaded the latest map pack, here are two vids to show you the goods.

  • Mega Millions Rolls Over, Jackpot Grows

    CHICAGO (STMW)  — Once again, no one matched all six numbers in Friday night’s Mega Millions multi-state lottery drawing and the grand prize grew to an estimated $112 million.

    The jackpot for Friday night’s drawing had been $99 million, according to the Illinois Lottery.

    The winning numbers in Friday night’s drawing were: 04 – 14 – 29 – 54 and 56, and the Mega Ball number was 40.

    In Illinois, not only did no one match all six numbers, but no one even matched the first five numbers, whch carry a $250,000 prize. Additionally, only one person in the state matched four of five numbers and the Mega Ball, according to the Illinois Lottery. That player will receive $10,000.

    The next Mega Millions drawing, with an estimated grand prize of $112 million, will be held on Tuesday night.

    Read the original article from WBBM News Radio.

    Distributed via Chicago Press Release Services


  • Met Office gets £12m bonuses by Louise Gray, Environment Correspondent, The Telegraph

    Article Tags: Front Page News, Met Office, Piers Corbyn, Updated

    Staff at the Met Office were awarded more than £12 million in bonuses in the last five years, it has been disclosed.

    The performance-related payout comes despite repeated criticism of the national weather service.

    Forecasters were lambasted after their predictions of a barbeque summer turned into a washout. This was followed by forecasts of a mild winter which has turned out to be one of the coldest on record. The Met Office could be dropped by the BBC for the first time in 90 years when its contract expires in April.

    However, staff members, including television presenters employed by the Met Office, received average bonuses of nearly £1,500 each in the past year.

    The bonuses were revealed in a parliamentary answer by Kevan Jones, the Defence Minister.

    Updated below from the Daily Express

    Read in full with comments »   


  • 8.8-magnitude earthquake hits central Chile

    SANTIAGO, Chile — A massive 8.8-magnitude earthquake struck Chile early Saturday, killing at least 78 people, collapsing buildings and setting off a tsunami.

    A huge wave reached a populated area in the Robinson Crusoe Islands, 410 miles (660 kilometers) off the Chilean coast, said President Michele Bachelet.

    Tsunami warnings were issued over a wide area, including South America, Hawaii, Australia and New Zealand, Japan, the Philippines, Russia and many Pacific islands.

    “It has been a devastating earthquake,” Interior Minister Edmundo Perez Yoma told reporters.

    Bachelet said the death toll was at 78 and rising, but officials had no information on the number of people injured. She declared a “state of catastrophe” in central Chile.

    “We have had a huge earthquake, with some aftershocks,” Bachelet said from an emergency response center. She urged Chileans not to panic.

    “Despite this, the system is functioning. People should remain calm. We’re doing everything we can with all the forces we have. Any information we will share immediately,” she said.

    In the 2 1/2 hours following the 90-second quake, the U.S. Geological Survey reported 11 aftershocks, five of them measuring 6.0 or above.

    Bachelet urged people to avoid traveling, since traffic lights are down, to avoid causing more fatalities.

    In the capital, Santiago airport was shut down and will remain closed for at least the next 24 hours, airport director Eduardo del Canto said. The passenger terminal has suffered major damage, he told Chilean television in a telephone interview. TV images show smashed windows, partially collapsed ceilings and pedestrian walkways destroyed.

    Chilean television showed images of destroyed buildings and damaged cars, with rubble-strewn streets. Dozens of people were seen roaming through the streets, including some wheeling suitcases behind them. There was a fire burning in one street with people sitting nearby trying to keep warm.

    The quake hit 200 miles (325 kilometers) southwest of Santiago, at a depth of 22 miles (35 kilometers) at 3:34 a.m. (0634 GMT; 1:34 a.m. EST), the U.S. Geological Survey reported.

    The epicenter was just 70 miles (115 kilometers) from Concepcion, Chile’s second-largest city, where more than 200,000 people live along the Bio Bio river, and 60 miles from the ski town of Chillan, a gateway to Andean ski resorts that was destroyed in a 1939 earthquake.

    Marco Vidal, a program director for Grand Circle Travel traveling with a group of 34 Americans, was on the 19th floor of the Crown Plaza Santiago hotel when the quake struck.

    “All the things start to fall. The lamps, everything, was going on the floor. And it was moving like from south to north, oscillated. I felt terrified,” he said.

    Cynthia Iocono, from Linwood, Pennsylvania, said she first thought the quake was a train.

    “But then I thought, oh, there’s no train here. And then the lamps flew off the dresser and my TV flew off onto the floor and crashed.”

    “It was scary, but there really wasn’t any panic. Everybody kind of stayed orderly and looked after one another,” Iocono said.

    In Santiago, modern buildings are built to withstand earthquakes, but many older ones were heavily damaged, including the Nuestra Senora de la Providencia church, whose bell tower collapsed. An apartment building’s two-level parking lot also flattened onto the ground floor, smashing about 50 cars whose alarms and horns rang incessantly. A bridge just outside the capital also collapsed, and at least one car flipped upside down.

    In the coastal city of Vina del Mar, the earthquake struck just as people were leaving a disco, Julio Alvarez told Radio Cooperativa in Santiago. “It was very bad, people were screaming, some people were running, others appeared paralyzed. I was one of them.”

    Bachelet said she was declaring a “state of catastrophe” in three central regions of the country, and that while emergency responders were waiting for first light to get details, it was evident that damage was extensive.

    She said Chile has not asked for assistance from other countries.

    Several hospitals have been evacuated due to earthquake damage, she said, and communications with the city of Concepcion remained down. She planned to tour the effected region as quickly as possible to get a better idea of the damage.

    The Pacific Tsunami Warning Center called for “urgent action to protect lives and property” in Hawaii, which is among 53 nations and territories subject to tsunami warnings.

    A huge wave reached a populated area in the Robinson Crusoe Islands, 410 miles (660 kilometers) off the Chilean coast, Bachelet said. There were no immediate reports of major damage there, she added.

    “Sea level readings indicate a tsunami was generated. It may have been destructive along coasts near the earthquake epicenter and could also be a threat to more distant coasts,” the warning center said. It did not expect a tsunami along the west of the U.S. or Canada but was continuing to monitor the situation.

    The largest earthquake ever recorded struck the same area of Chile on May 22, 1960. The magnitude-9.5 quake killed 1,655 people and left 2 million homeless. The tsunami that it caused killed people in Hawaii, Japan and the Philippines and caused damage to the west coast of the United States.

    Read the original article on DailyHerald.com.

    Distributed via Chicago Press Release Services


  • Factory-sealed NTSC Stadium Events sells for US$ 41,300

    Upon hearing of a North Carolina mom’s eBay success story (qjnet/news/old-nes-and-five-games-sell-for-us-13105-on-ebay.html), another seller puts her factory-sealed NTSC copy of Stadium Events up for online auction (qjnet/news/factory-sealed-stadium-events-surfaces-on-ebay.html). The bidding time is up, and so after a week and

  • An Updated Google Homepage Redesign Spotted in the Wild (Pics)

    Google.com is getting a redesign, perhaps the biggest in history. Considering Google’s reluctance to change anything on the homepage or search results page and its predilection to test every small change in excruciating detail, it’s understandable that the engineers and designers are taking their sweet time testing and tweaking the ra… (read more)

  • HD2Wobble beta reviewed

    I think most of you already know the first version of the “wobble-application” for windows mobile devices, it is hdwobble. You can add wobbly bits to any images and this application uses the g-sensor of your device to shake those bits. It might sound unnecessary and useless, but it is quite popular. This is not an application for daily use, it is more a “party-fun-app”.

    See video, which may be not safe for wives ;) , after the break.

    Read more at BestWindowsMobileApps here.

  • RIGHTS: What Fish may do for Western Sahara

    By David Cronin BRUSSELS, Feb 27 (IPS) Legal advice stating that European vessels have no justification to fish off Western Sahara – a territory occupied by Morocco – has provoked a row between the main political institutions in Brussels.

    Under the terms of a 2005 fishing agreement between the European Union (EU) and Morocco, boats may operate in Western Sahara, provided their activity benefits the indigenous Sahrawi people. But a new paper written by lawyers advising the European Parliament has found that there is no evidence of Sahrawis being aided due to the accord's implementation, which began in 2007.

    The paper advocates that efforts should be made to find an "amicable settlement" under which the Sahrawis can actually derive benefits from the agreement. But if no such settlement is forthcoming, it urges that European boats should be forbidden from entering a 200 nautical mile zone off Western Sahara.

    Despite these findings, the EU's executive arm, the European Commission, is refusing to concede that the agreement has been problematic. An EU fisheries official said the Commission is "convinced" the deal is "indirectly and directly benefiting the Western Sahara region."

    "The agreement ensures that the activity of EU vessels takes place in a transparent and controlled environment and has facilitated EU investments in the region," the official, who request anonymity, told IPS. "The EU fleet lands part of its catches in Morocco, including ports in Western Sahara, which has a positive impact on the local economy. The FPA (fisheries partnership agreement) is therefore making a positive contribution to the economy of Western Sahara and the livelihood of its inhabitants."

    Morocco, which invaded Western Sahara after its former Spanish colonisers quit the territory in 1974, is to receive a total of 144 million euros (196 million dollars) as a result of the four-year fisheries agreement. According to the Parliament's legal advice, the agreement "explicitly acknowledges that the Moroccan authorities have full discretion" about how the money it receives is spent, even though the accord officially aims to promote "responsible and sustainable" fishing practices.

    Aicha Dahane, a Sahrawi refugee living in Britain, said that nobody she knew in Western Sahara had been consulted in any way when the agreement was being negotiated. Nor was she aware of any Sahrawi who had found employment due to the accord's implementation.

    She accused the EU, too, of having skewed priorities as it gives only 10 million euros per year in humanitarian aid to Sahrawis in refugee camps in Algeria, to where 100,000 people – half of Western Sahara's population – fled in the 1970s. "The EU pays more money to Morocco for fish than it does to our refugees in Algeria," she protested.

    The EU's approach to Western Sahara contrasts markedly to that taken by the U.S., which excluded the disputed territory from a 2004 trade agreement between it and Morocco. In its attempts to justify the extension of its fishing agreement to Western Sahara, the European Commission argued that doing so would be in accordance with a 2002 United Nations legal opinion. But Hans Correll, the author of that opinion, stated six years later that he was "embarrassed as a European" that his arguments had been interpreted in this way. Correll insisted that the EU could only fish off Western Sahara if it had been granted permission by the territory's people.

    Sara Eyckmans, a campaigner with the group Western Sahara Resource Watch, said the European Commission had so far produced "not one shred of evidence" to support its claims that the Sahrawis were being aided by the agreement. "This is disappointing and shocking for us," she added.

    She argued, too, that the accord violated the international law of the sea, which states that fishing cannot take place in waters that have not been claimed by a particular country. While Morocco has made a claim to the territory of Western Sahara, it has not asserted its jurisdiction over the surrounding waters.

    The Parliament's lawyers state that Western Sahara is to be considered a "non-self-governing territory". International law requires that the wishes of a local population of such a territory must be respected when their natural resources are exploited for economic gain, the lawyers say.

    Morocco's occupation of Western Sahara has been contested by numerous resolutions of the United Nations. A 1975 verdict by the International Court of Justice also found that Morocco did not have any legitimate claim over the territory.

    A political process aimed at determining the future of Western Sahara has been at an impasse for many years. In 1991, the UN brokered a ceasefire to end the armed conflict between Morocco and the Polisario Front, the representatives of the Sahrawi people, which erupted in 1976. While a referendum on the constitutional status of Western Sahara was promised in the 1990s, Morocco has so far prevented the poll from taking place.

  • The 16 Best Dystopian Books Of All Time

    Dystopian novels—stories of the horrific future—are so common as to be almost forgettable. Here is a compilation of what I believe are the 16 greatest of the genre. I could happily list twice as many that are amazing, but these are the best. From the post-apocalyptic wasteland to deadly viruses to social malaise, all possible bad futures end here.

    16. That Hideous Strength by CS Lewis

    Best known for his Narnia novels, CS Lewis also wrote a trilogy dealing with visiting other planets—well the first two books did. The third was about preventing the evil forces of industrialization and progressive thought from taking over England. It was also grossly misogynistic. It seems Lewis was a big fan of the “women belong in the kitchen” mindset. For all its occasional stodginess and backwards, it is, at times, still a rousing piece about the difficulties of modernity, and the damage it can do the world around you.

    15. The Handmaid’s Tale by Margaret Atwood

    Wow, can you get more polar opposite of CS Lewis than Margaret Atwood? Despite her protestations of not writing science fiction, her story of a dystopian future where almost all women are infertile is most assuredly of the genre. Set in a future where disease and radiation have reduced fertility to a minimum, and a fascist military theocracy has taken over America (or at least part of it). Brutal in its critique of evangelist Christianity and their view on women, Handmaid’s Tale is a harrowing read at the best of times. In it, women have essentially been reduced to chattels, and the few fertile ones assigned to high-ranking military men in order to give them children.

    14. The Sword of Spirits trilogy by John Christopher

    While perhaps not as well known as some, John Christopher (the pen name of Samuel Youd) wrote a fantastic trilogy of young adult novels, set in a far future where the world has reverted to a feudal society after a global ecological disaster. This was the same pen name under which Youd wrote the excellent Tripods trilogy, but in my opinion the Sword of Spirits remains a greater work. His world building and subtle hints at the past are unparalleled. It’s not even hinted at for most of the first novel, instead just stranding you in what seems to be a standard fantasy stereotype.

    13. World War Z: An Oral History of the Zombie War by Max Brooks

    This novel, combined with Brooks’ Zombie Survival Guide are all you need to face the inevitable zombie apocalypse. They’ll teach you well. While the survival guide was exactly that, WWZ was presented as an oral history, an account taken for the UN by the survivors of the horrors of zombies. Brooks did a huge amount of research for this novel, and approached it as a realistic governmental, technological and political take on what would happen if the dead really did rise. It is, without a doubt, an utterly terrifying concept, and Brooks approaches it with aplomb, showing us what a world partly overrun by the risen dead would be like.

    12. V for Vendetta by Alan Moore and David Lloyd

    I’m sure by now everyone’s seen the movie version of this classic comic, and I hate to sound like Comic Book Guy, but the graphic novel was far, far superior. Where the movie was an argument for democracy against fascism—hardly a contested view; the comic was an argument for anarchy. And not the daft 12 year old kid, but actual, well realized anarchy, involving the destruction of the Government in order to build a new society. It was radical and probing. The novel also had to cut many of the more interesting minor characters and smooth over the development of others. An obvious example is the character of Evey, who in the movie started as a strong independent women. In the comic, she was a terrified teenager, who only gained self-confidence through V absolutely destroying her spirit first.

    11. Neuromancer by William Gibson

    Lets just throw all of Gibson’s cyberpunk in here, shall we? He could easily take half the list otherwise. Neuromancer was seminal in the establishment of the sadly defunct cyberpunk genre, the cold war era view of the future as a dirty high tech shithole where everyone’s a bastard. Not quite sure why people don’t still think that way. Anyway, Gibson famously wrote Neuromancer on a typewriter, which is more than a touch ironic. With this novel he explored artificial intelligence, virtual reality, urban sprawl, genetic engineering, and generally gave people the heebie jeebies about the future. It also has possibly the most famous opening sentence in modern literature: “The sky above the port was the color of television, tuned to a dead channel.”

    10. Do Androids Dream of Electric Sheep? by Philip K. Dick

    What I said before about Gibson taking up the entire list? Ibid for Dick. Fueled by drugs, paranoia, hallucinations and excellent writing he crafted many a world populated by police states and extreme surveillance. Androids is one of the better known ones, if only because the excellent Blade Runner was based on (part) of it. In a world where almost all animals are extinct and humans are radiation damaged, society comes to rely on empathy as the holiest of human traits. Eventually it becomes the only way to tell humans from increasingly advanced, but always heartless, androids. It’s a heady take on what it means to be human, and the nature of self.

    9. The Book of The New Sun by Gene Wolfe

    I’ve waxed lyrical about the Book of the New Sun before, and I’m not going to hesitate to do so again. Wolfe’s four volume future history is without a doubt one of the most under-appreciated works of modern science fiction. Its use of neologisms based in existing language structure, the imperfect narrator, and the incredibly detailed but only ever vaguely explained world all combine into an amazing story. The conceit of the entire quadrilogy being a diary cast back into time from the distant future is a device I’ve never seen used elsewhere. The world Wolfe constructs is filled with an amazing details which are only ever mentioned in passing, as if everyone should know them. It’s a planet where miners dig up old technology instead of minerals. Or were an entire mountain range has been carved up so that every peak commemorates a dead ruler. It’s one of the few pieces of science fiction that I know of that’s had entire books dedicated to its analysis. A magnificent series of novels that are worth getting hold of.

    8. A Canticle for Leibowitz by Walter M. Miller, Jr.

    Another post-nuclear novel (wow, sensing a trend here?), set in the 26th century (and beyond) about an order of monks attempting to save what remains of humanities learning and technology, by keeping and transcribing books. Over the course of a thousand years, from the anti-intellectual backlash following the nuclear war, through a new enlightenment, and to the onset of nuclear holocaust again, the priests of the Albertian Order of Leibowitz struggle to preserve and protect knowledge they only barely understand. It mulls over symbolism and themes of the circular and repetitive nature of history. Alphas and Omegas, A’s and Z’s. He also spends considerable time mulling over the differences between secular and religious institutions, as well the separation of church and state. It’s definitely an example of post-WWII/Cold War era fears about the future, but manages to remain undated.

    7. Fahrenheit 451 by Ray Bradbury

    Bradbury’s dystopia of book burning and universal censorship was written in an attempt to communicate how he thought television would destroy literacy, and the damaging effects of censorship. The novel is focussed on literal book burning, and the censorship and suppression of literature is often brought up as the theme of the book, but in later interview Bradbury maintained it was actually that television would remove all desire for people to read, and gain knowledge. That the populace themselves would support the destruction of books, and be happy to reduce their knowledge to factoids without context. Wow, oddly prescient. Luckily the internet has us reading large amounts of text every day, even if it just is “lol noobz!”.

    6. I Am Legend by Richard Matheson

    The novel, not the shitty Will Smith movie. The movie pissed me off immensely, as it completely missed the point of the goddamn story. Matheson’s story was about vampires, not freaking zombies. It was brutal, misogynistic, and bitterly, bitterly sad. Robert Neville is possibly the only uninfected human being left on earth, who struggles to survive in Los Angeles, venturing out during the day, and dealing with his alcoholism, regrets and rampaging vampires at night. A big chunk of the novella is his slow and methodical learning of science so that he can understand what causes the vampirism. As tempted as I am to spoiler the novel’s end (and the title’s relevance), lets just say it’s much better than Will Smith’s version, and puts an excellent spin on monster myths.

    5. Brave New World by Aldous Huxley


    I’m sure by now everyone’s read Huxley’s far future novel of constant orgies, drugs and television. Huh, that actually sounds kinda nice doesn’t it? Well, apart from the sleep learning, rigid caste structures, and complete removal of reproductive rights. Henry T. Ford is worshiped, and his views on production and the assembly line extend to human beings as well. It’s a brutal critique of a thoughtless society, obsessed with consumerism and sex rather than anything deeper, and one that views any permanent connection between people as bordering on pornographic. Considering it was written in 1931, it seems quite prescient (as much good dystopian fiction does), and stands as a self-inflicted counter-point to the rigid dystopia of our next entry…

    4. Nineteen Eighty-Four by George Orwell

    While Brave New World cast the horrific future as a soporific world where everyone chose their own downfall by caring more about pleasures of the flesh than their fellow man, 1984 was the opposite—a totalitarian dictatorship enforced by constant surveillance, propaganda, and jackbooted thugs. Often taken as an anti-communist rant, 1984 is a warning about the dangers of totalitarianism, regardless of its origins. It’s such a pervasive view of a dystopian future, that so much of our lexicon to deal with the concept is drawn directly from this novel: Orwellian, Big Brother, Newspeak. Without 1984, what else would we have to compare Governments to when they did something we slightly disagreed with?

    3. A Clockwork Orange by Anthony Burgess

    There are two ways to read Clockwork Orange: you can either look at the glossary explaining the combination of russian, english schoolboy and constructed slang every five seconds, or you can just read it through, and hope to pick up the vocabulary as you go. Sure Burgess was a pompous windbag, but he also crafted an excellent tale of drug abuse, ultraviolence, and aversion therapy. This is one of the few situations where I’ll recommend the film as being as excellent as the novel, as it was one of Kubrick’s finest—except in one regard. American versions of the novel printed before 1986 were missing a final chapter, which Kubrick wasn’t aware of. In it, Alex grows tired of violence and drugs, and decides to settle down and start a family with a normal job. While it may sound like a cop out ending, it focuses far more the banality of evil, and how people who do utterly reprehensible things in their early days can become functional members of society.

    2. The Road by Cormac McCarthy

    There’s bleak, then there’s freaking Cormac McCarthy. McCarthy boils down the essence of a post-apocalyptic dystopia to its bare bones, completely omitting almost all details. There’s a father and son, who are never named. There was a nuclear disaster, and almost all plants and animals are dead, with humans mainly reduced to cannibalism. They’re trying to get somewhere warmer (and hopefully better) before winter hits, and the father is slowly dying of radiation poisoning. While the ending has the slightest possible glimmer of hope, the rest is just ash filled skies, storms and people torturing and eating one another. For all its stark bleakness, it still won the Pulitzer Prize in 2007, which should give you an indication of its pedigree.

    1. The Diamond Age, or A Young Lady’s Illustrated Primer by Neal Stephenson

    It’s hard to classify any of Stephenson’s tomes without just sighing, shrugging your shoulders, saying “It’s Neal Stephenson” and preparing to slog through hundreds upon hundreds of pages. And you know what? It’s always fucking worth it. Stephenson’s post-cyberpunk love letter to Victoriana, odd social structures, nanotech, and—most importantly—learning is enough to make anyone want to go out and make textbooks. Yeah, that’s how damn good it is, it makes you want to show people how to learn. It’s impossible to heap enough praise on Stephenson, and his nuanced critiques of the interactions of societies. So…just…get the book. Read eat. Savor it. Let it dissolve into you, and absorb it. It’s worth it.


  • Tiger Cub Brian Kelly: Chinese Real Estate Is Not A Bubble

    chinese-lo-mein-noodles

    “The yuan is a lightning rod for changing sentiments about currency,” Brian Kelly said at his fund’s annual investor conference in Manhattan yesterday.

    The hedge fund manager of Asian Century Quest cut through the hype and pointed out numbers that suggest Chinese real estate is not in a bubble mode.

    The main point Kelly made is that real GDP in China has risen faster than RE asset prices, but there were few key points about why he’s positive on Chinese real estate that also stuck with us:

    • Chinese real estate doesn’t look like a bubble. Housing prices are only really high in Beijing and in Shanghai. In Guanghuan, housing prices have have not risen much in the past few years.
    • Chinese real estate looks positive. In 2007, around 32% of the nation’s population were looking to buy homes. Now that number is more like 56%.
    • Much of the RE growth is from government programs aimed to stimulate the housing market. They don’t see these programs ending anytime soon because, they say, the Chinese government has an unlimited capability to stimulate the buyer.

    One of the most interesting charts we saw throughout the presentation compared China’s industrial output to their agricultural output.

    Where their industrial production has grown steadily, China’s agricultural output has more or less plateaued. The Chinese will only get healthier and for example, they will need a more diverse diet that includes more protein that they will not be able to produce. Kelly understood this data comparison to mean the future market looks positive for soft commodities.

    Want more? See 15 facts about China that will blow your mind.

    Join the conversation about this story »

    See Also:

  • Nintendo Weekend Warrior – DSi XL on its way, is it time for the next DS?

    This week on Nintendo: with its North American release all set, Super Mario Galaxy 2 takes center stage with two gameplay vids; the future of the Nintendo DS brand, on the other hand, looks to be moving

  • Crete reaches contract agreement with police union

    After a year of negotiations, the Crete police union and village have agreed to a new three-year contract that includes salary increases from the financially strapped village.

    The Crete Metropolitan Alliance of Police Chapter 36 ratified the contract earlier this month. The village board gave the pact preliminary approval last week and is expected to give it final approval March 8.

    The contract calls for a 3 percent wage increase for officers, retroactive to 2009. Also, it calls for the contract to be reopened between February and May 2011 to renegotiate salary.

    Mayor Michael Einhorn said he is glad the contract is being accepted by both parties. Hammering out contracts is an “unpleasant facet of local government,” he said.

    Police Chief James Paoletti said he is glad the time-consuming process is finished.

    “I’m happy for the officers involved. They were waiting nearly a year for this. It’s time to move forward. These are tough economic times to try to negotiate a contract,” he said.

    The village had sought a provision allowing it to force officers to take unpaid furloughs, but the union rejected that. Now, village officials said, if spending cuts must be made in the department officers will be laid off.

    Also in the contract is a life insurance policy, not related to death while in the line of duty, with an increased payout from $35,000 to $50,000.

    Police officers will be able to roll over to the next year up to $300 of their uniform allowance to buy replacement bullet proof vests.

    The two sides were set to go into arbitration the first week in March, but the contract was hammered out with the help of a mediator during some 40 hours of negotiations.

    Read the original article from SouthTown Star.

    Distributed via Chicago Press Release Services


  • Priests ate like gods – and paid by dying young

    Manchester University

    The splendid banquets offered to ancient Egyptian gods may have been delicious and bountiful but they were also a killer, blocking the arteries of the high priests who made the offerings in the temples then took them home to their families.

    For the first time a team of scientists at The University of Manchester have combined a new translation of hieroglyphic inscriptions on Egyptian temple walls that give details of the food offered daily to the gods with computed tomography of the mummified remains of priests to assess their atherosclerosis.

    They have found that the priests would offer the gods sumptuous meals of beef, wild fowl, bread, fruit, vegetables, cake, wine and beer at the temple three times a day, then take them back home to their families. They also found their mummified remains showed high levels of atheromatous plaques and vascular calcification; that is, blocked arteries.

    Times Online (Russell Jenkins)

    Thanks to Glen Fricker for the above link.

    The banquets offered by high priests to appease the gods of Ancient Egypt may have been welcomed as a perk of the job but they also increased their chances of cardiovascular disease and early death, research suggests.

    The priests, a powerful bureaucracy under the pharaohs, would place vast plates of roast fowl and copious quantities of wine and beer before a god’s statue in a rite repeated three times each day. Then the food was divided up among the priesthood and taken home from the temple to be shared with their families.

    Egyptologists and scientists at the University of Manchester have disclosed in The Lancet the cost of keeping the gods happy.

    Also on the BBC website.