Posts from — August 2008

On Sept. 7, 2006, Nouriel Roubini, an economics professor at New York University, stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing. In the coming months and years, he warned, the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession. He laid out a bleak sequence of events: homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt. These developments, he went on, could cripple or destroy hedge funds, investment banks and other major financial institutions like Fannie Mae and Freddie Mac…..

Read up.
http://www.nytimes.com/2008/08/17/magazine/17pessimist-t.html

Russian Soldiers cought on camera - robbing a bank in Georgia.

The U.S. and Poland signed a preliminary accord today that will allow for 10 U.S. interceptor missiles to be based in the eastern European country, completing a defense system that Russia opposes.

The U.S. has agreed to Polish requests including modernization of its armed forces in exchange for the location of the missiles

This was a design called Regalera. Ice bucket then water your plants. Two birds, one stone, and a cold beer - great!

I like the pop art inspired pop art.

White people will no longer make up a majority of Americans by 2042, according to new government projections. That’s eight years sooner than previous estimates, made in 2004.

Cool Design. Lasers can do some amazing things. Design Ignites Change is the campaign this poster was created for. Thanks Not Cot

Slavery to Consumerism…. Or is it?

Jersey Shore got slammed this past week, took cover and snapped a photo

The websites of Georgia’s government have been under denial-of-service attacks for weeks, with Russian hackers fingered as the culprits.

Key Georgian commercial Internet servers - remain under sustained attack from thousands of compromised PCs aimed at flooding the sites with so much junk Web traffic that they can no longer accommodate legitimate visitors.”