As the stimulus printing-presses in the United States are working in overdrive to try to restore enough confidence to unfreeze the hording of surplus money, which is rather counterintuitive since the easing of financial instruments (i.e., printing more money or selling more dubious debt to cover these outlays) threatens deflation, making money worth more by making things cost less, there is some dangerous momentum being set off. Regardless of what gossip is going on in broader stock markets, however, it is the wages of the wage-earners that is the bottom-line--BLUF is a misleading acronym for "bottom-line up front" that I always thought was an ironic way to start out a communiquรฉ, no, seriously.
Wednesday, 8 September 2010
inland empire or BLUF
Monday, 6 September 2010
freistoot boarn
H and I took out the Bulli Camper for maybe the last trip of the season and drove through the lush and scenic Bayerische Wald to the outer-most reaches of the Free State. Along the way, we stopped at Walhalla, the hall of national heroes and cultural treasures. King Ludwig who had this monument, a hall of busts of the greatest German contributers to the arts, science and state-craft, commissioned had a fondness for all things classically Greek and inserted the rather foreign Ypsilon into the German language--as in Bayern.
The city of Passau, where three rivers coverge and the Danube rolls onward was our denoument, and we had a great long weekend and were lucky once again with the fair weather. The natives were very friendly and distinctive--I was not quite able to name what it was that colored this region differently than our own part of Bavaria.
pigeon forge
From our balcony looking towards the little river, we have a regular display of wild birds. Sometimes when an unusual one passes by, I try to identify it in this old children's birdwatchers' guidebook, which does a pretty good job of illustrating Germany's fowl.
While trying to name our most recent siting, I was reading over the pigeon and dove (Tauben) section, and wondered at the caption accompanying the common, city pigeon, die Tรผrkentaube. At first, I wondered just at the name, and then at the text, "They have lived with us since 1946," going on to describe its environment and feeding habits. I thought, how did the pigeons know that the war was over--what a strange thing to insert in a children's book and what does that have to say about current immigration and integration reform. It turns out that this now ubiquitous breed of pigeon, whose native range is from Turkey to Japan, was not introduced into European stocks until this time, in efforts to restore roosts and an industry damaged by years of violence.
Thursday, 2 September 2010
taboo you tour
The provocative tracts and the media circus featuring German Federal Bank representative Thilo Sarrazin is rousing several uncomfortable debates that I do not believe are palatable material for a public forum. There is too much taboo in it. The vitriol and the extreme claims are not helpful and do not forward Sarrazin's arguments, nor really lend much credence to those who disagree with him.
Wednesday, 1 September 2010
skywalker ranch or blue harvest
Fantastic graphic designer and Etsy artisan Andy Helms is selling has sold new, reimagined prints of the Star Wars space opera odyssey. These posters are awesome and have a really keen, Jungian common-fate movement to them, similar to Mark Eco fashions.
idรฉe fixe
EU legislation has condemned the old fashioned, inefficient and heat-generating light bulb (German--Glรผhbirn, glowing-pear) in favor of the lower wattage, longer-lived variety. This is a good move which will reduce waste since light-bulbs are reputedly resistant to recycling--which is something I do not quite buy--and save consumers money on their utility bills, figured rather unexcitedly over the life-time of the light-bulb. This restriction, beyond promotion of a cost-saving measure and a sensible idea, could create a underground culture of after-market old fashioned light-bulbs to fit vintage and antique lamps. There must be surplus stock for decades-worth of lighting that are now barred from retail outlets but could span a grey-market. I do not want to buck the ecologically smart trend, but I like the idea of sneaking around to bypass newly-mandated contraband. It makes me think about those eternal, early incandescent bulbs that are still burning from Thomas Edison's time, the heydays of tinkering and experimentation. The designed obsolescence supposedly came later, once manufacturers realized that there was no money to be made in something that did not need to be replaced.
Tuesday, 31 August 2010
celtic tiger
These lapses in vacation time and the end of summer give H and I good opportunities to plan the next round of holiday-making. We have decided to return the beautiful Ireland in the Autumn, and we are finding ourselves with a virtual embarassment of choices. We are thinking about taking one of the ubiquitous vacation cottages in the countryside. These locations are fantastic and authentic, seemingly the result of the properties boom that hit Ireland ahead of the housing market collapse. In this case, however, these investments may have been a bit dubious, too, since people in rural areas could quickly take on the financial burden of a second, less rustic and more ameniable home and rent the original to tourists. It is difficult to say if that was a good plan, though it is a little unfair to compare Ireland to Greece, since the Greeks never showed promise as an economic wonder and it is unfair, I think, to say Ireland disappointed.
One unintended result of economic rescue-breathing, however, may be becoming apparent there, besides our overwhelming selection of venues. There is an over-abdundance, as well, in the bigger towns of hotels--zombie establishments, as Bloomberg reports. Despite decreased demand for room, many resort hotels and guesthouses remain open but as vertible ghost towns, since hotelliers would be more indebted should they give up the business, shutter it because they would have to remit those stimulus funds that put them in business in the first place, taxing a lost enterprise. Empty hotels compete with lower and lower rates and make it impossible for businesses that would be otherwise healthy to turn a profit. This is all interesting--how one's tourist buck affects this macro-miasma--but we are more focused on exploring more of the country, whose charm will surely be able to withstand this sort of contrived catastrophy.
One unintended result of economic rescue-breathing, however, may be becoming apparent there, besides our overwhelming selection of venues. There is an over-abdundance, as well, in the bigger towns of hotels--zombie establishments, as Bloomberg reports. Despite decreased demand for room, many resort hotels and guesthouses remain open but as vertible ghost towns, since hotelliers would be more indebted should they give up the business, shutter it because they would have to remit those stimulus funds that put them in business in the first place, taxing a lost enterprise. Empty hotels compete with lower and lower rates and make it impossible for businesses that would be otherwise healthy to turn a profit. This is all interesting--how one's tourist buck affects this macro-miasma--but we are more focused on exploring more of the country, whose charm will surely be able to withstand this sort of contrived catastrophy.
pax romana
Depending on who one asks, and there is still a lot of latitude for pessimism, Germany and the rest of the EU have successfully staved off the worst of the financial cataclysm and are on their way to recovery. This is in stark contrast to the situation in the US, and it is in part at least owing to the extant social-safety-net, which keeps people from being evicted and turned out on the streets and did not need to debate some slap-dash welfare program, financial regulations that curtail the excessive accumulation of power for companies and temper share-holder decision, keeping executive salaries from escaping to unreal levels, a more patient and sounder fiscal policy.
The EU has its share of imperfections and there are still incidents of voracious greed and abject poverty, but the biggest and most stable difference between the two and economic prosperity is that the EU has a manufacturing base and produces tangible things. Measured just by its spun-up services industry, the USA is about like nouveau riche Dubai. Even little Liechtenstein, in addition to banking, has a healthy business in making dentures and artificial teeth. Stock market fluctuations are driven for the most part by knee-jerk computer programming that buys or sells by fiat once a certain threshold is met, and the stock markets as well as the varied basket of other economic health indicators do not really tell much of a story, if businesses cannot be coaxed into hiring or unfreezing excess funding they are holding on tightly to as insurance against deflation.
