Archive for April, 2009

I Saw A Stranger With Your Hair

April 29, 2009



I saw a stranger with your hair
Tried to make her give it back
So I could send it off to you
Maybe Federal Express
‘Cause I know you’d miss it

I saw another with your eyes
The flash just turned my head
I went to try them on for size
But they looked the other way
And they wouldn’t listen

But you’re never hard to find in a crowd
The people around you smiling out loud
Their feet don’t touch the ground
No, their feet don’t touch the ground
No, their feet don’t touch the ground

I heard a stranger with your voice
It took me by surprise
Again I found it wasn’t you
Just an angel in disguise
In for a visit

By the way how is my heart
I haven’t seen it since you left
I’m almost sure it followed you
Could you sometime send it back
I’ll buy the ticket


I saw a stranger with your hair
I saw another with your eyes
I heard an angel with your voice
By the way how is my heart
By the way how is my heart


John Gorka

From llirizus

The Happy Trumpet

April 29, 2009




From Visionsla

A clip from a 70’s show…. Al Hirt introducing Pete Candoli, Dizzy Gillespie, and Don Ellis.

Global Meltdown Rule No. 1: Do the math By Hernando de Soto

April 27, 2009


Economist Hernando de Soto is the author of the “The Other Path” and “The Mystery of Capital.” He has helped carry out property-reform programs for heads of state in about 20 countries.,0,5255687.story

We can’t start fixing things until we can get a handle on the toxic assets behind the financial crisis.

Imagine how I have felt watching my role models … wage a losing war against derivatives — which both Warren Buffet and George Soros have called “financial weapons of mass destruction” — without locating or counting them.

Let me offer just four of the many good reasons I could give for why “doing the math” — right now — is still the best strategy for halting the global economic meltdown threatening us.

First, the vultures I’ve talked to tell me that buying a significant amount of paper in the dark will take years. With information about derivatives not standardized and thousands of idiosyncratic bonds sold, resold and scattered helter-skelter all over the market, it will be difficult for any individual vulture to calculate their worth until someone locates and categorizes them. In fact, some derivative paper is so sloppily structured that banks have been unable to figure out the contents of their own portfolios, and U.S. courts continue to reject many foreclosures that are based on this kind of paper. So before we could really hand over the solution to the vultures, someone still would have to do the math.

And even while the vultures are, minimally, at work, the contamination will continue as this huge shadow economy of derivative paper infects everything it touches.


Consider that a mere 7% default on subprime paper — equivalent to maybe $1 trillion or $2 trillion — quickly contaminated other paper, creating a $50-trillion hole in the U.S. economy from losses in stocks, home values and revenues in less than one year.


By not counting and identifying derivatives one by one and drawing a legal boundary around each by means of the rules of property law (things such as registration, traceability and standardized identification), we are unable to protect every asset and every particular interest on that asset from contamination. The longer we wait to do the math, the worse it will get. And the more likely the anarchy of this shadow economy will spread.

In the world where I come from, it is the typical state of affairs. In fact, apart from the elite Westernized minority, most people’s assets are covered by paper that is endemically toxic: not recorded, not standardized, difficult to identify, hard to locate, its real value so opaque that ordinary people cannot build trust in each other or be trusted in global markets. In short, for shadow economies outside the U.S. and Europe, “credit crunch” and “meltdown” are chronic conditions. You don’t want to go there: It will wipe out your middle class, nurturing radical politics, class confrontation, violence, crime and massive drug production and narco-trafficking. (North Americans only know drug consumption; just wait until you see the supply side of the deal.)

Finally, you can’t continue the bailouts, monetary infusions and tax breaks because you will eventually run out of money — and still have little credit available. That is because the overwhelming amount of available credit is not made up of money but assets documented in property records such as fungible real estate titles, mortgages, bonds and derivatives, which have some of the financial attributes of money — what economists used to call “moneyness.” In fact, although there is only $13 trillion in cash notes and coins worldwide, there are hundreds of trillions of dollars in “property paper,” when moneyness is taken into account.


If you want to get credit flowing again, you must restore trust in paper as soon as possible. And that means measuring the assets, recording them, finding and purging those that are toxic and preventing future debasement of the paper — in essence, submitting it to property law just like all the other assets that we own and value.

Before we can get out of this recession, we need to concede that we just don’t have the right information. At present, the world of derivatives is devoid of useful facts and a structure from which we can extract the meaning, knowledge and confidence required to end the credit crunch.

And before anyone can get those facts, we have to do the math.

Listen here:

Something far more radical is needed, according to one renowned economist – who advises governments around the world – Bill Clinton and Vladimir Putin are said to be fans of his.

He is Hernando de Soto, who runs the Institute of Liberty and Democracy in Peru. He told Business Daily’s Lesley Curwen that the trouble is that the authorities don’t know the details of the investments in question, because they’re simply not collected centrally.

From FreeToChooseNetwork

April 23, 2009

From sergeyberezin

August 01, 2008

“Capitalism can be the engine by which the poor, set free in an open marketplace, can raise themselves from poverty. We must give them the tools. We ignore them at our peril.”

For Future Reference:

readIMF: World Economic Outlook – Forecast 2009

If I Can Dream

April 24, 2009


There must be lights burning brighter somewhere
Got to be birds flying higher in a sky more blue
If I can dream of a better land
Where all my brothers walk hand in hand
Tell me why, oh why, oh why cant my dream come true

There must be peace and understanding sometime
Strong winds of promise that will blow away
All the doubt and fear
If I can dream of a warmer sun
Where hope keeps shining on everyone
Tell me why, oh why, oh why wont that sun appear

Were lost in a cloud
With too much rain
Were trapped in a world
Thats troubled with pain
But as long as a man
Has the strength to dream
He can redeem his soul and fly

Deep in my heart theres a trembling question
Still I am sure that the answer gonna come somehow
Out there in the dark, theres a beckoning candle
And while I can think, while I can walk
While I can stand, while I can talk
While I can dream, please let my dream
Come true, right now
Let it come true right now
Oh yeah


See also:

Please watch the whole thing and don’t miss Elvis singing “If I Can Dream.”

Rainy Night House

April 23, 2009


by Joni Mitchell

It was a rainy night
We took a taxi to your mother’s home
She went to Florida and left you
With your father’s gun alone
Upon her small white bed
I fell into a dream
You sat up all the night and watched me
To see who in the world I might be

I am from the Sunday school
I sing soprano in the upstairs choir
You are a holy man
On the F.M. radio
I sat up all the night and watched thee
To see who in the world you might be

You called me beautiful
You called your mother, she was very tanned
So you packed your tent and you went
To live out in the Arizona sand
You are a refugee
From a wealthy family
You gave up all the golden factories
To see who in the world you might be


Famous aviator Amelia Earhart

From rodevries

Joni Mitchell in an interview on Dutch National TV in 1988

Part 1/4

Part 2/4

Part 3/4

Part 4/4

Sweet Baby

April 21, 2009


From darkchildschild

February 19, 2007

Macy Gray music video featuring Parker McKenna Posey as young Macy.

Sister Rosetta Tharpe and the Noisettes

April 20, 2009


Shingai Shoniwa (The Noisettes)


From RadioMad

April 15, 2009

London, England band Noisettes perform the track ‘Don’t Upset The Rhythm (Go Baby Go)’, taken from their 2009 album Wild Young Hearts (Mercury/Universal), at BBC2’s Later… with Jools Holland.

From shazadx

March 13, 2007

Noisettes Live – Sister Rosetta

From comehome

September 29, 2006

Sister Rosetta Tharpe – Up Above My Head (I hear music in the air)
unknown performance date (appox. around the 1960’s) on the show TV Gospel Time with the Olivet Institutional Baptist Church Choir an amazing performance with a Gibson Les Paul SG custom with (polar white finish?)

See also:

Just Say “No” To Reconciliation Instructions

April 19, 2009


I’ve mentioned before that in terms of public debt, there’s more than one way to look at these numbers. I’ve been quoting recent CBO projections of – 13.1% for FY 2009 and – 9.6% for FY 2010.

The following looks at the same problem using a different set of criteria. The main thing is to compare apples to apples, so to speak. And I hope I’ve done that.

Debt-to-GDP ratios may not get a lot of public attention, but economists follow them closely as a good indicator of economic health.

The Truth-O-Meter Says:

Gregg has repeated one statistic over and over to make his point: that Obama’s budget plan would increase the national debt to 80 percent of gross domestic product.

“Seventeen trillion dollars worth of debt at the end of 10 years, $11 trillion at the end of five years,” Gregg said. “This translates into a debt-to-GDP ratio which we have not seen in this country since the end of World War II when we were trying to pay off the war debt. Basically, you take national debt up to about 80 percent of gross national product. That’s the public debt. Historically, it’s been about 40 percent.”

At 80 percent, Gregg has been fond of saying this week, the United States would be getting into “banana republic” territory.

Historical Context

Page 33

Table 7. Major Accumulations and Decumulations of Government Debt

(as a Share of GDP, in Percent), Historical Episodes

Page 34

Figure 10. Public Debt-to-GDP ratio (in percent), Selected Countries, 1875–2007

Check out the Debt-to-GDP ratio for Japan in Figure 10 (link above).

Japan’s debt burden, already the world’s largest, will probably spiral to 197 percent of GDP next year (2010), according to the Organization for Economic Cooperation and Development.

This is where I fear we’re headed.


I do applaud the efforts of Evan Bayh (D-IN) and Ben Nelson (D-NE) in reducing the Stimulus, voting against the Budget, blocking Cap and Trade for now and slowing comprehensive health care reform, again, for now, and hope that their coalition can slow the Obama agenda.

See also:

Reaction to the Obama proposal from Congress has been swift, fierce and bi-partisan. “This is just about economic suicide,” said Rep. Mike Rogers (R-AL), who predicted it would “kill manufacturers.” A coalition of 33 senators, including eight Democrats, sent a letter to Budget Chairman Kent Conrad (D-ND) and Ranking Member Judd Gregg (R-NH) urging them not to include cap and trade under budget reconciliation, a fast-track process which would require only 51 votes to pass, instead of the 60 needed to avoid a full public debate.

Reconciliation Instructions


Setting forth the congressional budget for the United States Government for fiscal year 2010 and including the appropriate budgetary levels for fiscal years 2009 and 2011 through 2014.

(Sec. 201) Sets forth reconciliation instructions for the Committees on:
(1) Energy and Commerce;
(2) Ways and Means; and
(3) Education and Labor.
Authorizes the House to direct the House Clerk to add at the end of a health care reform bill or an education investment bill, subject to these reconciliation instructions, the text of another such measure as passed by the House to form a single engrossed reconciliation bill. Title III: Reserve Funds –

From thinkprogress

April 12, 2009

Between the worlds of men and make-believe I can be found

April 18, 2009



a. Summer
Late in the summer when the cottonwood dies
The fields are on fire with green bottleflies
And I’m still seeing reflections of me in your eyes
And why did you leave last summer
Now, the seasons are changing from summer to fall
And I’ve still got that picture hung on my wall
And there’s so much forgotten and too much recalled
And why did you leave at all

b. Winter
Standing beside you mid-winter day
Hearts beating close together
Wishing that we’d found some way to make
That moment last forever
Standing silent–laughing–breathing steam
Gazing down into a freezing stream…
I saw the face of a child
I saw the face of a child


From TageKaliandrino

Scarecrow’s Dream – Dan Fogelberg

My adaptation of this strangely haunting song.

House Democrat Leaders: Tea Partiers Are Racist, Nazi, Gun Nuts

April 17, 2009

Them’s fighting words!


See video:


“Queen of Hearts” Pelosi Fosters Class Warfare

Off with their heads!
Off with their heads, I say!
Lop them off, and chop them off,
and pop them off, I say!
Off with their heads!
Off! Off! Off! Off!
Off with every little one of their heads!

If the Obama administration has taken flak for suggesting that conservative groups might be home to domestic terrorists, it looks like some House Democrat leaders are willing to go even further:

But in an interview on Fox TV in San Francisco, Speaker Nancy Pelosi (D-Calif.) chalked up the GOP grass-roots effort as “AstroTurf.”

“This initiative is funded by the high end; we call it AstroTurf, it’s not really a grass-roots movement. It’s AstroTurf by some of the wealthiest people in America to keep the focus on tax cuts for the rich instead of for the great middle class,” Pelosi said.

If this is a conversation they want to have, however, perhaps Ms. Pelosi can explain the role of Marxists and North Korean sympathizers in the U.S. anti-war movement, or discuss how George Soros bought such influence in the Democratic party. It’s not a debate that would help Democrats, since it’s relatively easy to show the role of fringe extremists in the Democratic grassroots.

‘Senior Democrats’ ought to have the courage to publicly assert what they’re whispering to the media. But if they’re afraid to admit that they’re slandering hundreds of thousands of grassroots organizers and activists, is it too much to hope that some reporter will share a copy of these secret talking points?

How on earth did Nancy Pelosi figure out that this is all about tax cuts for the rich?! Oh, she’s clever, that one!

This has absolutely nothing to do with us not wanting to run budget deficits equivalent to those we did during World War II.

Earth to Queen Pelosi – Most of us understand that some spending is necessary.

But you and Reid and Obama want to spend like there’s no tomorrow.

The sun’ll come out. Tomorrow Bet your bottom dollar. That tomorrow. There’ll be sun!

From RussiaToday With Love

April 15, 2009

Hundreds of anti-tax ‘tea parties’ have been held all over the US by protesters who think Obama’s bank bailout and stimulus package are mortgaging the future for an easier present.