Showing posts from October, 2008

The Sun

Images of Sun are breathtaking. See more images from this link .

Economic Crisis Made Easy

Here is the simple basics of worldwide economic crisis explained by this year's Nobel Prize winner in Economics , the New York Times columnist Paul Krugman: What is the nature of the crisis? The details can be insanely complex, but the basics are fairly simple. The bursting of the housing bubble has led to large losses for anyone who bought assets backed by mortgage payments; these losses have left many financial institutions with too much debt and too little capital to provide the credit the economy needs; troubled financial institutions have tried to meet their debts and increase their capital by selling assets, but this has driven asset prices down, reducing their capital even further. What can be done to stem the crisis? Aid to homeowners, though desirable, can’t prevent large losses on bad loans, and in any case will take effect too slowly to help in the current panic. The natural thing to do, then — and the solution adopted in many previous financial crises — is to deal with

The Ambition of the Short Story

The rocking waves of Gulf of Mexico had made reading Steven Millhauser's novel Martin Dressler: The Tale of an American Dreamer remarkably poignant. The protagonist's fantastical progress pursuing dreams from being a hotel bellboy to envisioning and executing larger and grander ideas as he meandered through life of an American dreamer, and eventual sheer disappointment of finding the truth of "emptiness" and vacuity beyond joyous drumroll and fanfares was the only acquaintance I had with this tremendous writer's style of writing and sweeping plot. The writer's recently published essay on Short Story has indeed invoked that long receded memory of reading his novel all these years ago in a world and time that seems so much distant and different than today's hysterical paranoia filled wind and carefully sowed stench of distrust that eagerly keen to annihilate all the restraints and rules of humanity for the vanquished, conquered and smalls, like Steven Millh

"Good" Cereal, "Bad" Cereal

Here is the list of "good" cereal, low in sugar and high in fiber: Cheerios made by General Mills. Kix and Honey Nut Cheerios , all made by General Mills. Life made by Pepsico Inc's Quaker Oats unit. Here is the list of "bad" cereal, high in sugar and low in fiber: Post Golden Crisp made by Kraft Foods Inc Kellogg's Honey Smacks Kellogg's Corn Pops Golden Crisp Froot Loops Apple Jacks Rice Krispies Cap'n Crunch Cap'n Crunch's Peanut Butter Crunch Source Link: Some Cereals more than half sugar