Kansas City Irish Fest
Some of my new friends and co-festival goers...in all probability ;o)
There is a term in finance called "moral hazard." It refers to policies and practices that reward wrong doing by banker and investors instead of allowing them to suffer their losses in the win-lose environment of the rigged casino that we refer to as markets. UNQUOTE
The Brits have their economic knickers in a twist:
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US Treasury Secretary Hank Paulson flies in to London tomorrow to discuss the worsening global credit crisis with Chancellor Alistair Darling, as fears intensify that the lending squeeze could be the last straw for Britain's buy-now-pay-later economy. UNQUOTE
AMERICA's chieftan of finance, Alan Greenspan, has shaken up the White House by declaring unequivocally that the prime motive for the war in Iraq was oil. Come on, Alan, go ahead and say it - that Afghanistan was about opium. And the "War on Terror" is about stripping Americans of their freedoms, their rights and their unique identity. You're so close, just say it! Greenspan's getting on in years, and maybe knows he's likely to meet Jesus some day soon. Best to come clean a bit first. Standing before the judgement seat and all that...
Those on the political right, in business and corporate culture, and in the Libertarian camp have been
brilliant at creating theoretical, ideological justifications asserting the efficiency, moral superiority, and
even (supposedly) spiritual benefits of property-based capitalism. Those same groups have worked even
harder to argue that socialism violates all those tenets, suggesting that it is economically, morally, and
spiritually wrong. These arguments have been largely embraced by Americans, in part because of the
myth of individual freedom to do whatever the hell one wants, regardless of the consequences to others,
and in part because of the lure of The American Dream, where (supposedly) anyone can strike it rich.
God forbid that we should take away your one-in-ten-million chance of winning the lottery! The welfare
state of the mid-20th century is not gone, however, it's just that corporations are the beneficiaries now
rather than individuals and families.
What I want to know is this: What the hell's wrong with these people? Have they been body-snatched and
replaced by pods from outer space? Do they not understand the simple, elegant truth that "When we all do
better, we all do better"? Obviously not. It's all "I got mine, and I want more. In fact, I want everything." UNQUOTE
THOU Michael the victorious,
I make my circuit under thy shield,
Thou Michael of the white steed,
And of the bright brilliant blades,
Conqueror of the dragon,
Be thou at my back,
Thou ranger of the heavens,
Thou warrior of the King of all,
O Michael the victorious,
My pride and my guide,
O Michael the victorious,
The glory of mine eye.