The first one is on the looming energy crisis, and here’s a nice passage:
The gap now evident between what is currently being built and what will be needed to keep pace with demand is set to widen sharply after 2010,” the report states. This means that our margin for error for maintaining sufficient production will get increasingly narrow. Any sort of problem that disrupts this growth in infrastructure—political, geological, financial, or anything else—is going to kick off another oil shock. Oil is not only going to keep getting more expensive, but it’s going to be prone to many more of the sort of radical price swings we’ve seen in the past year.
About time to have a floor on the price of gasoline, perhaps?
And then there was an article by the writer of Liar’s Poker:
Eisman knew subprime lenders could be scumbags. What he underestimated was the total unabashed complicity of the upper class of American capitalism. For instance, he knew that the big Wall Street investment banks took huge piles of loans that in and of themselves might be rated BBB, threw them into a trust, carved the trust into tranches, and wound up with 60 percent of the new total being rated AAA.
Happily, though, we witnessed huge turnout at the protest against CA’s voting in favor of Prop 8 (or H8 as many signs called it) today. Yes, we’ve been at Bauhaus for a solid 5 hours today. Without further ado, here were some favorite sign slogans:
Jesus had two dads
When do we get to vote on your marriage?
