Sunday, October 26, 2008

Greenspan in a state of "shocked disbelief" to discover a flaw in laissez-faire economics



You don't need a Ph.D. in economics to understand that greed and altruism make for unlikely bedfellows. How unfortunate that it should take a complete meltdown of the financial system for deregulation ideologues to come to that realization on their own:

"Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief," said the former chairman of the Federal Reserve, Alan Greenspan, in addressing Congress on Oct. 23, 2008. "I’ve found a flaw (in my ideology). I don’t know how significant or permanent it is. But I’ve been very distressed by that fact."

Wassup! Eight Years Later

Wednesday, October 15, 2008

Bird, Bridge, Sky



Here's an unusual perspective on the Golden Gate Bridge that I shot from a ferry passing directly underneath the span. A seagull was riding the draft from the boat, and I was lucky enough to capture this shot at just the right time. I like the juxtaposition of organic, mechanical, and celestial elements in the frame.