Rubénerd :)

For those of you not reading the independent North Korean Economic Report site, its writer Curtis Melvin is reporting some fresh attacks against their systems that seem to have come from their namesake. And I thought I had tough critics.

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By themselves these two interest rate stories about Australia and Canada wouldn’t really be worth mentioning here, but when they appeared in my Twitter client together they made for an interesting contrast:

CBC News: Bank of Canada raises interest rate to 0.5% Read more:… http://bit.ly/cAB6Cx

SBS News: Reserve Bank of Australia keeps interest rates on hold at 4.5 per cent http://bit.ly/ag0E4B

WOW! I suppose I should move to Canada and buy an apartment, eh!

So I want to get a new 2TB drive for my FreeBSD and Fedora tower. Looking at the Cybermind pricelist most of their Western Digital drives referenced EARS, an acronym which I’m assuming has nothing to do with the drives being able to detect audible messages from their operators, or allow them to operate a European aerospace conglomerate. Oh wait that’s EADS, never mind.

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While rational, logical people with common sense, decency and a sense of humour are doing their bit to discredit the increasingly scary self described "teabaggers" in the United States, I reckon I have the ultimate rebuttal.

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From the We Could Have Told Them That department, the reprehensible management at Goldman Sachs have been found guilty of fraud by the American Securities and Exchange Commission.

What I want to know has nothing to do with the crooked economics behind deregulation so championed by Milton Friedman and his cronies, but why this decision was reached in civil and not criminal court. These people destroyed the lives of millions, they should be in prison. Sincerely, I weep for their victims.

For those reading this post in a blog aggregator and can’t see the tag links; and in case you’ve forgotten; Keynes is my Homeboy.

Ruben asks: Cynical responses aside, why didn’t the American government pay the mortgages of people so they could keep their homes with that $700 billion? Then the banks would have got their money too. It would have helped PEOPLE. I did economics classes for years, but I still don’t get this.

Sparx replies: In a word, corruption.

My economics teacher in high school tried to teach us that deregulation was the answer to everything, so to rebel in my own way I printed a landscape A4 picture like the one above on my economics folder. Now that I’m all pumped about him again since reading Hoodwinked on Audible, I felt the need to recreate it and blog it here. Keynes is my Homeboy! Take that Milton Friedman!

I never did ring my economics teacher to ask him how all his massive deregulation predictions were working out for him recently. :P

Or perhaps a more pertinent question: even if we want it, can fairness exist?

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I know these two quick observations are oversimplifications of broader, more complex issues, but I’m going to observe anyway. Have you ever noticed oversimplification is a less simple word than simplification?

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Wikipedia’s article on the OECD:

The Organisation for Economic Co-operation and Development (OECD, in French: Organisation de coopération et de développement économiques, OCDE) is a Paris-based international economic organisation of 30 countries.

[...]

In 1961, it was reformed into the Organisation for Economic Co-operation and Development by the Convention on the Organisation for Economic Co-operation and Development.

This blog post on the Rubénerd Blog is a blog post on the Rubénerd Blog, written and published by Ruben Schade, the creator of blog posts on the Rubénerd Blog found on the Rubénerd Blog.

Amongst all the rules Wikipedia administrators impose, at times far too strictly I may add, I suggest this one be added:

WP:IO — Wikipedia Intuitively Obvious
If the title of an article accurately and succinctly describes the subject in question, further clarification is not necessary!