Protests and boycotts are always of a selective nature. Parallel to the threats by some European countries to sit-out the Euro 2012 final matches to be held in the Ukraine over the host’s treatment of its former prime-minister (apparently having had selectively made an example out of her perceived violation of public-trust) and even propose the games be held in another venue, like Germany or Poland, holding the Eurovision Song Contest in Azerbaijan was not without controversy.
Sunday, 27 May 2012
torch song
Saturday, 26 May 2012
not to scale
Thursday, 24 May 2012
bottle of red, bottle of white
We’re no connoisseurs just yet but with the heat of the summer descending on us and for want of something lighter and with a bit less of a wallop, but we are enjoying discovering white wine as well, instead of just the usual spectrum of reds. That white wine does not seem as strong is a bit counterintuitive to me and I suppose one must consider all the chemistry to appreciate the different notes.
Wednesday, 23 May 2012
chinese fire-drill
Cornered with prospects of more market bubbles (a dot-com bust redux of 1999 and 2008 after a less than stellar performance of a networking platform that’s only, but, not merely, the sum of its user-generated antics), aspersions are quick to be cast out, like so many throwing-stars and there are the usual targets, scapegoats.
Revelations that, after several years of negotiations, the Chinese central bank has been afforded direct access to the Federal Reserve’s treasuries auctions without having to go through a middle man, a Wall Street bank, to complete the transaction—bidding on, buying US debt, have raised headline indignation. While it is a fact that no other bank, domestic or foreign reserve bank, has this special privilege and everyone else must use a Wall Street intermediary and that does raise some suspicion in itself (especially in light of another revelation involving military contracts and knock-off computing components), it does seem like a false-flag diversion to first question why buying up American liabilities is facilitated for China and deflates the underlying premises: even the transactions between the Federal Reserve and government agencies are brokered by major investment banks, charging a commission, and perhaps other institutions ought to wonder about the special privilege that these select middlemen have. Are the bankers of Wall Street less than trustworthy? Should the US manufacturing Would more public disclosure of any country’s debt-buying activities (mediated through a bank) cue market volatility or keep prices low for the bidding pool of a closed-auction? Should such a pyramid-scheme be any country’s or institution’s primary means of staying afloat, no matter what nation is buying? Looking for engineered snares and backdoors, regardless of who’s the trigger and who’s the trapper, and cyber-warfare is healthy and circumspect paranoia, but overshadows more basic questions that should be asked of America’s penchant for off-shoring—its defense and its public obligations.


