Quote of the Day

"...not everyone agrees that the stimulus packages, which are designed to loosen up tight credit, will prove helpful. Peter Schiff, president of broker-dealer Euro Pacific Capital, believes the impact will be decidedly negative.

"The goal of all these plans is to give consumers more money to spend. However, excess consumer spending is part of the problem, not part of the solution" he said. "After a decade-long spending orgy, market forces are finally trying to restrict consumer spending and dampen credit. But the stimulus looks to provide a new source of funds after savings, income, and credit have been exhausted. Our imbalanced economy is in desperate need of retrenchment, but stimulus plans will effectively hold the firemen at bay while throwing gasoline on the flames."

Original article.

Sunday Links

The global electoral college.

Can Ford be saved?

Giving Caesar control over the things that are Christ's.

3M's new x-ray business.

Good news in Kashmir.

Are the orcas starving?

The facts of press bias.

A turnaround in housing?

Computing in the cloud.

The real Italian job.

Smarter smart cars.

Tens of thousands march for independence.

You've seen Google Mail, Google Maps, Google Knol,.... Introducing Google Fighter Jet.

Rebooting the immune system to cure multiple sclerosis.

Afghanistan on the edge of disaster.

Sunday Links

Is it a government-induced problem?

Is it time for a time-out?

The end of Capitalism?

The end of free trade?

The end of the Universe?

Iran celebrates.

In defense of (copyright) piracy.

The secret to a long life? Maybe it works better for women.

Trying out the Touchless. Video here.

Mexico City is bad for children and other living things.

He's got magic hands.

They just can't hold onto their data.

California breaks the ozone law.

When Big Brother just isn't big enough.