Further proof that the fashion industry disappeared up its own arse decades ago.

Nevermind girl. Tell them to get fucked and then have a cake.

Those Dutch, they really have their ducks in a . . . errm, nevermind.

FYI here's the list if you haven't already seen it ...

1 Wilco - Foxtrot
2 Neil Young - Harvest
3 Leonard Cohen - Songs of Love and Hate
4 Radiohead - In Rainbows
5 Pink Floyd - The Wall
6 Sex Pistols - Nevermind The Bollocks
7 The Velvet Underground & Nico
8 The Ramones
9 Nick Cave & The Bad Seeds -The Boatman's Call
10 Elvis Costello - This Year's Model
11 Jay Z - Blueprint
12 Nilson –Schmilsson
13 George Harrison - All Thing Must Pass
14 Paul Mccartney - Mccartney II
15 Captain Beefheart & His Magic Band - Trout Mask Replica
16 Bob Dylan – Blonde on Blonde
17 Paul Simon – Paul Simon
18 Beck – Sea Change
19 Elliot Smith - Figure 8
20 Bruce Springsteen - Born to Run
21 The Clash - London Calling
22 Backstreet Boys - Millenium
23 Ringo Starr - Beaucoups of Blues
24 Patti Smith – Horses
25 Rolling Stones - Sticky Fingers
26 Bruce Springsteen - Born in the USA
27 Tom Petty – Damn The Torpedoes
28 Iron & Wine - Our Endless Numbered Days
29 Michael Jackson - Thriller
30 The Smiths - This Charming Man
31 Tom Waits – Rain Dogs
32 Morrissey, The Best of
33 U2 - The Best
34 David Bowie - Aladdin Sane
35 Kalle Mattson - Avalanche

Something I meant to write the other day: the IMF dilemma has become quite intriguing over the last couple of days.

The latest IMF report, though still based on outlandish assumptions, marks a sizeable debt restructuring as a requisite for further involvement of the IMF in Greece. Germany, on the other hand, rules out debt restructuring of any kind, and haircuts in particular. However, Germany also insists on the IMF's continuing participating in the Troika, because a) noone else has the capacity to provide Orwellian monitoring of a countries' financial actions and b) to provide economic credibility. Of course, having a non-European patsy is always a good idea.

Nevermind the fact that the report was available prior to the last deal and held back intentionally -- I'm curious who's going to give way in this matter.

The IMF cannot back down much further without its members going apeshit at this disaster. They want no share of the blame that will inevitably be thrown around in good amounts once Greek reaches the end of the road. And Germany... well, constant propaganda has pretty much made sure that neither public nor parliament will accept any restructuring, unless it is plastered with a whole lot of make-up and maybe a Sideshow Bob hairpiece.

@artician
i hear ya man,
but tolkien set the bar where all other fantasy writers had to follow.

personally i found the "the chronicles of thomas covenant-the unbeliever" to be perhaps the best fantasy series to take what tolkien did to a much greater depth and scope and incorporating much of what C.S lewis laid down.

what a great series.the protagonist is such an anti-hero and you struggle for three books to even like him,nevermind identify with him.

but like you,i sometimes struggle when a writers influence is so blatant.

take Dean Koontz...really...take him..
i find him to be an utter hack,and while his prose is readable,his storylines and ideas are so obviously plucked from better writers and then mashed together so we wont notice.

i notice...and thats why any book of his given to me has a permanent place on my bathroom shelves.that man is pure crapper reading,since i get to play "recognize the plot" without any real exertion ....mentally.

but let us be honest.
while tolkien created a very diverse and detailed land with lore and history.painting a picture in our heads this fantastic world he created.the basic plotline is not that original.

it is your basic heroes quest with an extremely detailed backdrop.

so i will give this show a pass,just as i did brooks books.they were engaging and entertaining,and at the end of the day...what more do we wish out of our books?

ever read any of piers anthony's xanth novels?
they are puntastic and a fun ride (even if a bit cheeky),and nowhere near great literature.

but fun...and i can live with that.

Pure quality by John, as usual.

There are a few points I'd like to add, in order of appearance.

5:10 – Greek default or Grexit could be manageable by the rest of the EZ, economically. Italy looks a bit shaky and Spain still looks like shit, so things could spiral out of control, but chances would be better now than they were in, say, 2010.

However, Grexit would be a political nightmare. EZ membership is supposed to be irreversible, so Grexit would reduce the Euro from a common currency to a peg when viewed from the outside. That's open season on the rest of the PIIGS. If Greek then rebounds, other people might very well decide to give Germany the finger and leave as well. If Greece fails, you have a NATO member turn into a failed state, which not only gives NATO the shivers, but also buries any notion of solidarity within the EU. This union survives because of the promises it makes, which include increasing standards of living and solidarity among different peoples. Without it, we're left with... what exactly?

And nevermind the humanitarian catastrophe taking part in Greece. We've conditioned ourselves to block out the pain and suffering of people in Africa. We even manage to shrug at the cesspool of corruption that is Kosovo. But if we do that to Greece as well, what little moral authority Europe might still have left would be gone then.

5:32 – The last payment Greece received was in August, long before Syriza took over. The previous government was in disagreement with the Troika and therefore transfers were frozen.

5:57 – Troika payments are required to service previous debt obligations. They are separate from what the Greek banks require to maintain their liquidity. That would be Emergency Liquidiy Assistance (ELA) from the ECB, which is a different thing entirely, even though it comes from a member of the Troika.

The ECB is bound by law to maintain and ensure the stability of the banking system(s) within the EZ. If a bank runs into liquidity problems, support is provided by the national bank of the respective country, which funnels funds from the ECB to the troubled bank. That's ELA, and a limit on ELA is a limit on the amount of funds that banks can draw from through this process. If an illiquid bank is cut off from ELA, it goes belly up. Bad idea.

Some argue that the ECB should not provide ELA to those Greek banks anymore, since they are insolvent, and ECB rules forbid ELA to insolvent banks. But as Varoufakis said, even the ECB's own Single Supervisory Mechanism (SSM) department, which is the new banking oversight, declares the four large Greek banks to be solvent. So there is no reason for the ECB to cut ELA to Greek banks. It's all political, and the ECB is designed to be outside of politics. That's also a reason why its membership in the Troika is so controversial.

The political argument for cutting off ELA is that Germany et al. are on the hook for the total amount should Greece itself go belly up. Somewhere along the line, someone made the glorious decision to install the ECB as a currency issuer without providing it with the attributes of a regular currency issuer. If the Bank of Japan or the Bank of England racks up losses, noone cares. They issue their own currency, they cannot go bankrupt, whatever debt they have in their books is irrelevant, for this discussion anyways. But the ECB has to balance its books, it has to receive funds from its members to balance losses, and in proportion to their economic size.

They made sure that politicians can scare the demos by pointing out how they have to foot the bill for this shit, even though it's the one entity where debt truly doesn't matter at all.

By the way, the funds that Greece is hoping to acquire are meant, primarily, for two purposes: making debt payments and to provide financial room to convert ECB(?) debt into EFSF debt (4% interest down to 1%). That's all. No spending.

6:54 – "Printing" money is generating demand out of thin air. There is a shortage of demand throughout the entire continent. So yeah, if the folks at the ECB could type in a few numbers, that would be swell.

Even Germany has a shortage of demand. We are merely hiding it behind the €200b+ of demand that we steal from other countries, i.e. our current account surplus. But the infrastructure and investment spending over here is at all time lows. We'd need an additional €200b+ just to get the infrastructure back to the state it was in a decade ago.

There is no productivity growth in Europe. The UK actually lost a lot of productivity by its introduction of zero hour jobs and other forms of slavery. Without sufficient demand, there is no need to improve production capacities – they can't even sell what they could produce right now.

Let's ignore for the moment what led to this current mess within the Eurozone. You point out, correctly, that Greece is too poor to service its debt. And yes, for the German government to do whatever is required to get back their loans is to be expected. However, Greece was incapable of servicing its debt five years ago. Yet the subsequent programs, all supported or even demanded by the German government, reduced Greece's ability to pay back at least portions of its debt. At the end of the day, goods and services are what it's all about. And by dismantling the Greek economy, nevermind the Greek society, they actively undermined what they publicly claimed to be working for: a self-reliant Greek economy, capable of financing the needs of Greece. And capable of paying back what is owed.

The question inescapably poses itself: was it done intentionally or are they blinded by ideology?

One doesn't have to be as far left as I am to see that it didn't work, doesn't work, and never could have worked. Even the likes of Krugman and Stiglitz are perfectly clear about it.

Varoufakis, as you note, has been just as clear about this at least since late 2010, when he published the first draft of his Modest Proposal with Stuart Holland. There was a very good discussion about it in Austin in 10/2013 under the topic "Can the Eurozone be saved?" Participants included Varoufakis, Tsipras, Flassbeck, Holland and Galbraith, amongst others. I submitted a short clip back then.

His argument that Germany won't see a dime when Greece is shoved off a cliff, as correct as it is, never had any bite to begin with. The German government, and large parts of parliament, are operating in a parallel universe, economically. Over here, mercantilism is the road to success. Monetarism works. Surplus good, deficit bad. Saving good, spending bad. Everyone should have a current account surplus.

It's horseshit by the gallons, and it's the official economic policy of the largest economy in the EU.

And we're not even getting into the political aspects of it. Throwing a member of the EU into debt bondage, suspending its democracy to please the gods of the market... that's a travesty and a half. Yet it's also inevitable if they insist on going down the road of neoliberalism.

Worst of all, Greece is just the canary in the coal mine, as Varoufakis likes to point out. Greece had plenty of issues before they joined the EZ, but when they chose to adapt the same currency as a much larger economy hell bent on competitiveness, which is the favorite euphemism for Germany's beggar-thy-neighbour policies, they were doomed to be crushed. The rest of the PIIGS are next in line, unless this whole mess explodes beforehand. Maybe Rajoy's Franco-esque repression techniques fail, maybe le Pen wins in 2017, who knows. Maybe Schäuble finds the 100k of bribes that he conveniently forgot about back in the '90s and chokes on them.

Last but not least, 208 billion Euros – that's the projected current account surplus of Germany this year. That's 208 billion Euros of debt foreign economies have to accumulate, so that the German public and private sector can run a combined surplus of €208b. That's the elephant in the room. Systematic undercutting of the inflation target through suppression of unit labour costs and a dysfunctional focus on exports.

nevermind

The leaked counterproposal is fucked up. Nevermind my ultra left wing preferences, opposing higher taxes on corporations while cutting benefits for the poorest of the poor is fucked up. That's fuel for the anti-European parties. They can paint themselves as the protectors of the plebs against those feudal overlords in Brussels and Berlin with this kind of shit.

Go home, racoon! You're... dammit... nevermind.

Sorry, with ChaosEngine here. Not particularly funny, and it smacked of a really lame assed attempt to stereotype 'Western" couples. There's no such thing, and even if there was, having a US couple represent the entirety of western civilization is a bit of a stretch which I suspect the English, nevermind the German, French, Italian, etc. would object to.

So ya, just pointless.

Isn't there like, a Jennifer Connelly movie where...


nevermind.

Is this narrated by Liam neeson?

Nevermind, rewatched the intro, definitely him.

oh nevermind

<redacted> blah blah blah nevermind