Nov 29 2009
By now most people are aware of how Dubai got itself in over its head. What exactly is the perfect metaphor for Dubai’s excesses? The palm-tree shaped islands? The underwater hotel? The indoor ski resort? It all had the feel of Disneyland meeting the dot-com mania.
In the end it was all about borrowed money. Lots of it. In that context Dubai is not alone.
Dubai’s default has the world’s investors asking the question: Who’s next?
Nov 29 2009
Crossposted at Daily Kos
Dear misinformed Conservatives, we are sorry that you have been lied to by the Corporate Media. We are sorry that the scare tactics work on you every single time, we’re sorry that you don’t know anything about American history or even recent events. We are sorry that you can’t help but stare at the National Enquirer while on the line at the grocery store, but you’re not going to hold the line up anymore. The world won’t let you.
Dear Conservative Americans, we are sorry that you can’t see through Sarah Palin’s bullshit. We’re sorry you didn’t figure out that this country is fucked until after George W. Bush left office. We are sorry that you live in a fantasy alternate reality of someone else’s making, and we are inviting you out and into a better place, because stupid is not allowed to hold back the whole class anymore.
More below the fold.
Nov 29 2009
My fellow Portlanders, I just want to warn you not to drink any tap water west of the Willamette River. From the Water Bureau: