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Week of February 15, 2009 - February 21, 2009

Quote of the day: Zoellick's question


burn baby burn
"What started as a financial crisis, became an economic crisis, is now becoming an unemployment crisis - and to what degree does it become a human and social crisis?" Robert Zoellick - World Bank president

"To what degree does it become a human and social crisis?"

That is the big question isn't it and a rather stupid one, if you think about it. It is as if economic problems and unemployment problems were not occurring among human beings and were not therefore automatically social problems in nature.

That the question could be glibly formulated in this way by the head of the "world" bank is surely part of the problem itself.

In Zoellick's question it seems implicit that finance and economics are like the weather, existing outside of humanity, with laws of their own instead of being human creations that, as humans have made them, humans can remake them... and are remaking them constantly.

That separation of economics from its human component is perhaps the most transcendental characteristic of the "conservative revolution", which appears to be collapsing around our ears at the moment.
http://seaton-newslinks.blogspot.com/

Crisis: survival tips


yummy
Her Serene Majesty, the Tortilla de Patatas
Making it through the "lost decade" that appears to be waiting for us is surely going to be heavy going and in the hard scrabble of making ends meet, a person can work up a good appetite. Those who think they cannot live without large quantities of beef may look in their wallets and end up muttering, "yes we can".

How to eat well on a shoestring?

Today I'm going to introduce you to what is probably Spain's most popular dish, the "tortilla de patatas", which has nothing to to do with the Mexican cornmeal tortilla. "torta" means cake in Spanish and tortilla means "little cake" and patatas mean potatoes. So, we are talking about something cake-like made with potatoes and eggs and usually onions and sometimes green peppers or spicy, chorizo sausage, or even spinach. If you have ever eaten one, by now you are drooling all over your mouse.

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One day at a time



If you think reading me is a bummer, you should check out one of my favorite commentators, Gideon Rachman, chief foreign affairs columnist over at the Financial Times, who has turned out one of the bleakest and blackest futuristic fantasies going since, "Blade Runner" in today's piece, titled, "November 2012: a dystopian dream".

Here is a sample:

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More on the bright side


Sunny Jim
I am often accused of being a doomster but I am not. I read the horrid economic news with very mixed feelings: fear, compassion, self-pity and hopeful exhilaration are all combined.

The first three are easy for my readers to figure out. I'm sure many share one or all of them with me. The last one, hopeful exhilaration, may need some more explaining.

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David Seaton

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