Monday, October 6, 2008

Silly Season

A couple headlines from today's news:

1 in 4 Mammals Threatened, Study Says
New York Times -
By JAMES KANTER BARCELONA - An “extinction crisis” is under way, with one in four mammals in danger of disappearing because of habitat loss, hunting and climate change, a leading global conservation body warned on Monday.

Bank of America CEO says in the toughest market he's seen
MarketWatch -
By Greg Morcroft , , ) CEO Ken Lewis said on Monday afternoon that the current banking climate is as tough as he has seen in his career.

Dow Jones slump could begin to threaten global markets -
The US financial markets teetered on the brink of a record-breaking slump today as Wall Street took fright at signs that the credit crunch is spiralling out of control to threaten the stability of economies around the globe.

Then there is the price of gas, $700B for our financial system, the lost lives and trillions of dollars wasted in Iraq, as Christopher Hitchens points out a growing quagmire in Afghanistan and a
dynamic global economy that is experiencing tremendous structural changes. All of which means that we are increasing dependent on collaboration, cooperation and consensus building to succeed, as Thomas Friedman pointed out yesterday, "As the old saying goes: He who has the gold makes the rules. Well, we no longer have as much gold, and until we get some, we will have to pay more heed to the rules of those who lend us theirs. At a time when the U.S. government gets half its borrowings from abroad, at a time when the U.S. household savings rate is hovering around zero and China alone is already holding around $1 trillion in U.S. Treasury notes and Fannie Mae and Freddie Mac bonds — yes, that’s how you got that cheap subprime mortgage — it can’t be any other way."

Friedman goes on to suggest that, "Of course, neither Barack Obama nor John McCain dare talk about this now. They want to pretend nothing has really changed."
Sarah Palin says they're going to "take the gloves off" and McCain wants to "turn the page" so they attack Obama on Ayers? Ayer's is an issue? Wright is an issue? It's outrageous... yet, we'll hear a whole lot more about these issues over the coming weeks than we will our hideous education and workforce systems that continue to prepare people to compete for the jobs of the late 19th Century. Friedman laments that they don't dare talk about it... well, don't give them a choice, starting tomorrow at the debate... ask questions that matter. And if they try a Palin like deflection, hold their feet to the fire, ask them again and again and again.

In golf after the last official tour event of the year, the professionals play in some non-PGA sanctioned tournaments... Skin's Game, Father-Son tournament, other kinds of made for T.V. events... it's all meaningless really, although it does pad the pockets of the participants, T.V. networks and sponsors... It's called the Silly Season, apparently the media and other sports use the phrase similarly... The wikipedia page definition should include the period of time when Americans choose a President.

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