Ramen Review

The Con supreme-mayoral candidate of Cologne announced today that he’ll quit the race for re-election (elections due August).
He had been a staunch supporter of the subway project that came to almost topple a church belltower[de:], killed two, destroyed much of the documental archive of Cologne, sunk millions of euros; he had been investigated by the police more than once, had been entangled in networks of bribery, kickbackry, ill-spent funds, construction scandals and the likes. His time of office benefitted … read more

Because of
http://en.wikipedia.org/wiki/Panic_of_1873
and
http://en.wikipedia.org/wiki/Long_Depression
and
http://en.wikipedia.org/wiki/Panic_of_1893
and
http://en.wikipedia.org/wiki/Panic_of_1907
Yummy.
(Hey — this might be worse than Neolibs. Though I have no idea how development speed would figure in … how to properly time-compress to account for the physical distance/trafficking speed factor.)
But still, historically the Heirloom Hero Twins Gold and Gold-Silver Standard made a pretty shitty showing when forced to drop their pants. Long and dark indeed, but it is the economy we’re talking about here.
It also does not address the problem of interest, if one perceives one … read more

It is such a gem that it deserves to be said once again. For posteriority:
“In other words, you found that your view of the world, your ideology was not right?” Waxman asked.
“Absolutely, precisely,” replied Greenspan [...]
This Sam Zuckerman article in the San Francisco Chronicle has a nicely wrapped-up presentation of the Capitulation of October 23rd (see below for that other October 23rd). Crutsinger & Gordon of Associated Press add in some more local flava surrounding the hearing.
Reactions are as … read more