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Archive for March, 2009

All about Eoghan

Thursday, March 26th, 2009

Some perfectly fabulous jackbootery has been going on over the Cowen portraits, no need to detail it all here I suppose. The artist has been brought in for questioning ‘under caution’ (eh?). RTE apologised for its news story on the painting, and then whipped the report off the website. Not that one, obviously.

The best bit of outrage comes from the highly-excitable government press secretary, Eoghan Ó Neachtain, who complained on behalf of the Taoiseach’s office without telling anyone. According to the Irish Times:

He particularly objected to an art expert being asked for an opinion on what was clearly a hoax painting…

That makes no sense at all, but if you squint your eyes a bit you can see how it must make such perfect sense to Eoghan. For a laugh, here’s what the Sunday Business Post had to say about Eoghan on his appointment two years ago:

O’ Neachtain would be best advised to try not to see himself as being too important.

More on the Geithner plan

Sunday, March 22nd, 2009

I also like Brad DeLong’s analysis:

Q: What is the Geithner Plan?

A: The Geithner Plan is a trillion-dollar operation by which the U.S. acts as the world’s largest hedge fund investor, committing its money to funds to buy up risky and distressed but probably fundamentally undervalued assets and, as patient capital, holding them either until maturity or until markets recover so that risk discounts are normal and it can sell them off–in either case at an immense profit.

Q: What if markets never recover, the assets are not fundamentally undervalued, and even when held to maturity the government doesn’t make back its money?

A: Then we have worse things to worry about than government losses on TARP-program money–for we are then in a world in which the only things that have value are bottled water, sewing needles, and ammunition.

The rest of it is genuinely insightful, if not as funny/terrifying.

Cage

Saturday, March 21st, 2009

The bit with the bear nearly killed me.

First the helium, now this

Friday, March 20th, 2009

Oh my. Google’s automatic face-blurring technology might have got a bit over-zealous:

Unfortunately they’ve fixed it now. Thanks to Google Sightseeing for the spot.

Google Streetview for London

Thursday, March 19th, 2009

Here’s my local pub, as photographed by Google with a camera on a stick on a car:

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They’ve done the whole of London, and more besides.

Here’s the car they used, reflected in a window on Holloway Road - a more inconspicuous vehicle than used elsewhere.

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I reckon it’ll provide freesheet fodder for weeks to come: the photos are so detailed tons of people will be able to recognise themselves or others, even with the face blurring on, and there’ll be no end of ‘Is this you?’ emails flying about. Sometimes the blurring seems to miss completely, such as this fellow on Bishopsgate:


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I suggest some sort of ‘Streetview Bingo’, where people get points for spotting Boris Johnson breaking a red light, Pete Doherty asleep in a doorway, etc.

Among the people who might be slightly concerned about their privacy are my next door neighbours:

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I’m guessing it was largely done on a Saturday morning, judging by the weather and crowds. Here’s Piccadilly Circus:

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And here’s a pretty good view of Westminster Bridge:

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Vastly more to follow, I’m sure.

The economy as meatball cart

Saturday, March 7th, 2009

My favourite analysis of the credit crunch so far comes from commenter Njorl on the Geithner plan to kick-start a market for toxic financial assets:

Consider a bunch of guys selling meatball sandwiches from carts. Some of them have purchased tainted beef and made some of their meatballs with it. How much is a meatball sandwich worth?

I don’t need a meatball sandwich so badly that I’ll pay even a penny for one of those.

If you know that the sandwich is ok, it’s relative value shoots up.

If you can tell a good meatball from a bad one, you can buy the sandwich and toss the bad meatball.

If you know a cart has nothing but untainted meatballs, the value of the whole cartload goes up dramatically.

When you think all of the tainted meat is gone, people will buy sandwiches again. Many will have a bit of tainted meat, but only enough to make them queasy, not dead.

If all food is tainted meatballs, we eat the guys who own the carts.

I’ve found the Irish Economy blog useful too. This graph of theirs speaks pretty loudly:

I think that’s what economists call an ‘oh shit’ moment.

Inviting criticism

Wednesday, March 4th, 2009

Look here for my reel, since it’s a private video for now, the password is “reel”. Have at your criticism, and don’t tell me the music sucks because I hate it already.

Reclaim the streets (boring version)

Sunday, March 1st, 2009

New York proposes pedestrianising a chunk of mid-town Broadway. This is a great idea from just about every perspective - the New York DOT even says it will improve traffic flows by eliminating a few of those acute-angle junctions, which makes sense.

The story reminded me that I’d like to see something similar done for quiet residential streets but on a much more informal basis. Lowman Road, where I live, is closed off one Sunday afternoon every year for a street party, featuring the usual elements of live music, outdoor drinking, weird tat-stalls, sun-stroke, and communist balloons for children. It gets crowded, partly because it is obviously a special occasion, but also because lots of people on the street come out and stay out, chatting to each other or playing footy with the local kids, etc. It’s all very nice, and each time I think “hey, we should do this more often”. Not the whole party rigmarole - just close the street (it’s about 100m long) to through traffic so that people can use it without fear of being run over without warning. It’s not as if there would be a massive impact on traffic - in half an hour last Sunday afternoon, I counted eight cars going past, two of them local residents coming or going. So the displacement onto the parallel Jackson Road would be about one extra car every five minutes, hardly enough to notice.

There are a lot of residential streets in London like mine, where the traffic flow is high enough to scare off children playing and other casual use but low enough that diverting it elsewhere every so often won’t make much difference. In policy terms, closing these streets off to through traffic once every fortnight or month in summer could do a great deal to promote outdoorsy fun, improve physical health, boost that kind of neighbourliness all politicians seem to be in favour of, and make the city a more pleasant place to raise children. It may also bring about a more subtle psychological shift, from the perception of streets as places where cars rule and people fear to tread, to places where people rule and cars go slowly.

If it was such a great idea people would be doing it already though, right? Maybe, or maybe it’s one of those things that people don’t do because they don’t see people doing it, a tipping-point sort of thing. I can also see councils treating it as more of a pain in the arse than an opportunity to improve local quality of life, so there’s a natural role there for any mayor who wanted to promote the idea, if he can be bothered.

DTO transport plan

Sunday, March 1st, 2009

I’m really impressed with how the consultation for the Dublin strategic transport plan is being done. You can give detailed feedback on a huge list of potential measures to improve transport, including quite a few pretty radical ideas. Okay, some it’s pie in the sky (land value taxation?) but there’s also plenty of feasible, sensible measures that would really improve things along the general lines of making walking, cycling and public transport safer and more attractive. Some of these things are more likely than others but they could all benefit from some evidence of public support. So if you’re in favour of that kind of thing get on there and vote for it, not least because there’ll probably be any number of petrolheads doing the opposite.