Greece is Going Out of Business

 

I remember the good old days when we only had to worry about small banks going out of business. Then big banks started to go out of business, then non-bank financial institutions, and now small countries.

The problem with having a lot of debt is that, with some exceptions (“too big to fail”), bad things happen when your investors get nervous.

My memory is not photographic as some of the legends about me say, but I am sure I would remember if the works of Adam Smith included the phrase “too big to fail.” — Garry Kasparov

What are the odds that people running companies or countries will make smart decisions about money if they don’t need to make smart decisions — if they can do just as well or better making dumb decisions and being rescued from the consequences?

According to the government debt chart below, the next countries in line for a day of reckoning are two more small countries (Ireland, Portugal) and a medium-sized country (Italy). Further down the chart are two big countries.

The United States, the biggest of the big, is not shown on the chart but is currently at 100 percent debt to GDP.

Government debt

Lose the Pastels and the Mopey Attitude

 

Human of New York

  1. Americans love gay people. Since this photo has been posted, it has 60,000 shares, 60,000 comments (including presidential candidates) and 640,000 (that’s six hundred and forty thousand) likes. In the short time since the Supreme Court’s gay marriage ruling there’s been a national competition to see who can demonstrate the most elation about it. (OK, if you’re gay, a few bad apples will dislike you based on that alone but that’s true if you’re identifiable as a member of any group, which we all are.)
  2. I’m afraid about the future. I’m afraid people won’t like me. Leave out the part about being homosexual and you could post a picture of anyone. The percentage of Americans who can’t get through the day without medication — I’m including self-medication via alcohol, cigarettes, coffee, food, etc. — is a lot closer to 100 than it is to zero. Nobody’s life is a fairy tale, kid.
  3. How old is this boy? He looks about 10. Is he really old enough to have fully sussed out his own sexuality? Maybe he is but it seems far from certain.
  4. Find some role models, like Ellen and that Doogie Howser kid. Lose the pastels and the mopey attitude. Dress like a man and keep it peppy.

Doogie Howser   Ellen

To become different from what we are, we must have some awareness of what we are. — Eric Hoffer

So many of us are sitting on the sidelines…waiting for the invitation that’s not on the way. — Leslie Stein

Women’s World Cup: USA 5, Japan 2

 

I turned on the TV just as the announcer was shouting “2-0, USA!” so I thought they must be showing highlights of the game against Germany. It’s only 4:06 p.m., the match probably hasn’t even started yet.

Then I sent a text to my kid, “This will teach me to tune in to soccer games on time.” I sent a second text saying I thought when the announcer yelled “2-0, USA!” they must be showing Germany highlights.

Then I sent a third text, “My god in the time it took me to type that they scored two more goals.

Aside

Reality is a sober adversary.

Women’s World Cup: Why the US Will Beat Germany

 

A recurring theme in world history is the United States dick-slapping Germany: World War I, World War II, “Tear down this wall!” … maybe that’s not the most appropriate metaphor for a women’s soccer match but we’ve been winners all our lives.

U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A! U-S-A!

e e cummings wishes you a happy fathers day

 

e. e. cummings

my father moved through dooms of love
through sames of am through haves of give,
singing each morning out of each night
my father moved through depths of height

this motionless forgetful where
turned at his glance to shining here;
that if (so timid air is firm)
under his eyes would stir and squirm

newly as from unburied which
floats the first who, his april touch
drove sleeping selves to swarm their fates
woke dreamers to their ghostly roots

and should some why completely weep
my father’s fingers brought her sleep:
vainly no smallest voice might cry
for he could feel the mountains grow.

Lifting the valleys of the sea
my father moved through griefs of joy;
praising a forehead called the moon
singing desire into begin

joy was his song and joy so pure
a heart of star by him could steer
and pure so now and now so yes
the wrists of twilight would rejoice

keen as midsummer’s keen beyond
conceiving mind of sun will stand,
so strictly (over utmost him
so hugely) stood my father’s dream

his flesh was flesh his blood was blood:
no hungry man but wished him food;
no cripple wouldn’t creep one mile
uphill to only see him smile.

Scorning the Pomp of must and shall
my father moved through dooms of feel;
his anger was as right as rain
his pity was as green as grain

septembering arms of year extend
less humbly wealth to foe and friend
than he to foolish and to wise
offered immeasurable is

proudly and (by octobering flame
beckoned) as earth will downward climb,
so naked for immortal work
his shoulders marched against the dark

his sorrow was as true as bread:
no liar looked him in the head;
if every friend became his foe
he’d laugh and build a world with snow.

My father moved through theys of we,
singing each new leaf out of each tree
(and every child was sure that spring
danced when she heard my father sing)

then let men kill which cannot share,
let blood and flesh be mud and mire,
scheming imagine, passion willed,
freedom a drug that’s bought and sold

giving to steal and cruel kind,
a heart to fear, to doubt a mind,
to differ a disease of same,
conform the pinnacle of am

though dull were all we taste as bright,
bitter all utterly things sweet,
maggoty minus and dumb death
all we inherit, all bequeath

and nothing quite so least as truth
—i say though hate were why men breathe—
because my Father lived his soul
love is the whole and more than all

— e.e. cummings, “my father moved through dooms of love”

I Don’t Know How Starbucks Stays in Business

 

Hi everybody! It’s me, Lightning!

On weekend mornings my owner goes to Starbucks and brings back a pup cup of whipped cream for me!

Today I noticed on my cup that if I don’t love my pup cup they’ll make me another one for free!

“The pup cups are always free,” my owner says. “You don’t have to tell them you didn’t love it to get a free one.”

I don’t know how Starbucks stays in business if they’re giving away the most delicious stuff for free.

— Lightning paw

Happy Flag Day!

 
The Stars and Stripes

During the American Revolution, the Continental Congress adopts a resolution stating that “the flag of the United States be thirteen alternate stripes red and white” and that “the Union be thirteen stars, white in a blue field, representing a new Constellation.” The national flag, which became known as the “Stars and Stripes,” was based on the “Grand Union” flag, a banner carried by the Continental Army in 1776 that also consisted of 13 red and white stripes. According to legend, Philadelphia seamstress Betsy Ross designed the new canton for the Stars and Stripes, which consisted of a circle of 13 stars and a blue background, at the request of General George Washington. Historians have been unable to conclusively prove or disprove this legend.

The old ways are passing, and the new ones are yet to arrive. We are in the Open Space between what was and what might become. — Harrison Owen