New World Order

This article will likely not be here long, so take a look because it is a great example of the astuteness of this publication's perspective on finance and economics.

Transforming the Bailout.

And here is an interesting article that, behind the narrative, gives a good summary of the process of injecting capital into banks.

There's a lot of doubt and questions raised in the article, as I presume is being done by most medias. But there is no precedent for this unraveling of the global economy and so there is no plan of reaction. Everything that would be done at a time like this will be full of questions. I think, at the very least, its good the US is willing to reconsider its plan of action and probably mimic the European tactic. Its about time we considered more than just our own opinion.

Economy

Here is a good 4 minute summary of what the bailout hopes to accomplish.

As with every huge financial endeavor involving public markets, its largely a psychological gambit. There is no way a government could save all its banks. What they are basically doing is buying the debts (like your home mortgage)which are most likely to not get paid back from the banks in the worst shape. This makes the bank look stronger financially so that other banks are willing to led it money. This is necessary because no bank has enough money at any one time, they are all tied together with short-term loans (often as short as overnight); so if a bank can't take out more loans it'll default on previous loans its taken which are due. The bank then goes bankrupt.
So if money isn't in the banks, where is it?
[taps temple with concentrating look on face]

Mush in my Room

Here is the hike I took from Old Barnesville Road. My most-knowledgeable roommate gave me directions which I almost followed properly except for finding the trailhead. So I ended up bushwacking up a large hill across this stream.
 

To get to this view.
 
 
 
 

In about two weeks the colors here are going to make rainbows frown, oh wait, they already do frown.



Then I followed this rabbit and when I lost his trail this was sitting at my feet:

 
Not seeing any caterpillars nearby, I ganked it and ran.




What better place to bring a mushroom than my new room?! Those are Kiers alongside me, they are sentries for One Second Time Travelers
 


Crash course on Shark Riding!
 

Wait, what was it the caterpillar said again about taking sides?
 


Not remembering which side was which, I could just go for it...
 



Or take the middle road...