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]]> http://reckon.wordpress.com/2008/04/12/streams-creeks-waterfalls-site-update/feed/ 0 Reckon http://reckon.wordpress.com/2008/04/04/three-day-sale-on-childrens-clothing-at-the-reckon-shop/ http://reckon.wordpress.com/2008/04/04/three-day-sale-on-childrens-clothing-at-the-reckon-shop/#comments Sat, 05 Apr 2008 01:15:20 +0000 Reckon http://reckon.wordpress.com/2008/04/04/three-day-sale-on-childrens-clothing-at-the-reckon-shop/ ]]> Reckon

Reckon

]]> http://reckon.wordpress.com/2008/04/04/three-day-sale-on-childrens-clothing-at-the-reckon-shop/feed/ 0 Reckon http://reckon.wordpress.com/2008/03/09/there-is-nothing-wrong-with-your-monitor-please-stand-by/ http://reckon.wordpress.com/2008/03/09/there-is-nothing-wrong-with-your-monitor-please-stand-by/#comments Mon, 10 Mar 2008 00:36:44 +0000 Reckon http://reckon.wordpress.com/2008/03/09/there-is-nothing-wrong-with-your-monitor-please-stand-by/ ]]>

~ There is Nothing Wrong with Your Monitor (Please Stand By … ), originally uploaded by Mackeson.

~ There is Nothing Wrong with Your Monitor (Please Stand By … )

there is nothing wrong with your monitor
do not attempt to adjust the picture
we are controlling transmission
if we wish to make it louder,
we will bring up the volume
if we wish to make it softer,
we will tune it to a whisper
we will control the horizontal
we will control the vertical
we can roll the image, make it flutter
we can change the focus to a soft blur
or sharpen it to crystal clarity
for the next hour sit quietly and
we will control all that you see and hear
we repeat: there is nothing wrong with your monitor
you are about to participate in a great adventure
you are about to experience
the awe and mystery which reaches
from the inner mind
to the outer limits
please stand by

adapted from the opening narration
of episode 1, “the galaxy being,”
from the original television show, “the outer limits”
aired september 16, 1963

, originally uploaded by mr.coso.

by mr. coso at flickr.com/photos/mr_coso

lava dome / gavin, originally uploaded by Joug.

lava dome / gavin

Uploaded by Joug on 22 Aug

But what happened when the real estate market confounded recent history and began to turn down? People holding the paper could no longer be sure if or when their particular slice would be repaid. The traditional accounting approach — of estimating the projected cash flow and then discounting for the risk — didn’t work. With 10,000 disparate mortgages underlying the paper, both the rate of cash payments and the risk of default were impossible to predict. So the pyramid began to wobble.

The hubris in this system was Wall Street’s confidence that it could value paper securities that had been sliced and diced so many times that they no longer had solid connections to their underlying assets. The nation’s leading financier, Warren Buffett, had warned years before that "derivatives," whose value was balanced loosely on the real assets underneath, were the equivalent of "financial weapons of mass destruction." But in the rush for profits, nobody listened.

I’ve saved the worst for last. Do you want to know who is bailing out America’s biggest banks and financial institutions from the consequences of their folly — by acting as the lender of last resort and controller of the system? Why, it’s the sovereign wealth funds, owned by such nations as China and the Persian Gulf oil producers. The new titans are coming to the rescue, if that’s the right word for their mortgage on America’s future.

primarily.jpg, originally uploaded by infinitemonkeytheory.

via infinitemonkeytheory

Uploaded by infinitemonkeytheory on 6 Feb 08, 12.38PM CST.

WFMUs Beware of the Blog: American Song Poem MP3s: MSR Madness, Volumes 5 and 6

Hat tip Egg City Radio 

visitors to the yesno household, originally uploaded by maybe so.