Events

The news shows were hyperventilating earlier this week about a "near miss" involving an Air Force plane carrying the First Lady and Jill Biden. Only, it wasn't a near miss. It wasn't even a loss of IFR separation (though the planes did come too close for strict wake-turbulence safety). The planes were never close enough to warrant even a stern talking-to by the FAA. No, instead, Obama's plane—a military version of a Boeing 737—came within 8 km of a landing C-17 transport, which is close enough that the...

As the extreme right-wing lunatics in the U.S. continue to wring their hands over our debt—completely ignoring how we're the world's reserve currency—it's helpful to examine what happens when a country actually collapses: The yield on Greece ten year bonds increased to 14.9% today and the two year yield is up to 23%. Sounds like a credit event might happen soon. If so, I wonder if it will be haircut or an extension of maturities? Here are the ten year yields for Ireland up to a record 10.5%, Portugal up...

Ezra Klein found Michele Bachmann's latest policy pronouncement frightening; I find it frighteningly ignorant: In short, her plan is that we don’t raise the debt ceiling, but we use the revenue still coming in to pay off creditors first and whatever we think most important second. That way, we “don’t violate our credit rating” and “prioritize our spending.” Makes perfect sense. At least, it makes perfect sense unless you, like me, had spent the previous few days talking to economists, investors and...

Scott Adams likes to provoke people. On occasion, like today, he writes something that provokes other people. He makes a good case that Donald Trump's presidential campaign is a practical joke: The magnificent part of this whole thing is that he's putting no effort whatsoever into concealing his prank. That's what I love about the guy. He knows that no level of clownery in a field of clowns will single him out as the one clown that doesn't really mean it. He's a graduate of the Wharton School, which...

I mentioned earlier today that I've got a new film scanner, which makes scanning negatives leaps and bounds easier than my old flatbed scanner did. As threatened promised, I've started sending people some copies. But unless someone spontaneously grants me publication permission, I'm going to restrict myself to posting only shots of subjects that have no privacy interests. Like this creek, for example: My notes have that one at the Walters Ave. bridge in Northbrook, Ill., looking south, mid-November 1985.

I am neither a beaver nor a dog, so I don't get to sleep through the winter nor do I get to lounge around all day and eat free food every night. Which is all a long way of saying my blogging velocity might drop a little for the next week or so. I've also gotten a new film scanner, and I've started scanning some of my negatives from the 1980s and 1990s. So if you went to school with me, you might get some frighteningly old photos over email in the next few weeks. I've discovered, after calibrating the...

Worth the trip: