Moon transits earth

As seen from the Deep Impact probe, 31 million miles away.



(Via Bad Astronomy, where you can find more information and some related videos.)

Rock, Brock, and the Savings Shock

Via Long or Short Capital comes a children's story authored by FDIC Chairman Sheila Bair. The blog gives two versions of the story, first from the Amazon description of the book:

Rock and Brock may be twins, but they are as different as two twins can be. One day, their grandpa offers them a plan-for ten straight weeks on Saturday he will give them each one dollar for doing their chores. But there is a catch! Each dollar they save, he will match.

Rock is excited-there are all sorts of things he can buy for one dollar. So each week he spends his money on something different-a toy moose head, green hair goo, white peppermint wax fangs. But while Rock is spending his money, Brock is saving his. And each week when Rock gets just one dollar, Brock’s savings get matched. By summer’s end, Brock has five hundred and twelve dollars, while Rock has none. When Rock sees what his brother has saved, he realizes he has made a mistake. But Brock shows him that it is never too late to start saving.

And a second version based on Sheila Bair's recent urging that lenders freeze mortgage teaser rates and the government create a $50 billion loan program for mortgage holders in trouble to pay down their mortgages:

I think it is time to tell the real story of Rock and Brock. The one, where Brock puts his money into an FDIC insured savings account, while Rock asks his friend Kerimov to hook him up with some later-untraceable source of leverage, investing the proceeds in Russian oil assets. At the end of 10 weeks, Brock’s savings bank is kaput, wiping out most of his savings. Over the same period, Rock’s oil assets have doubled, which leaves him with enough cash to purchase the operating assets of Rock’s S&L, after negotiating a free put from the Fed. And a Ferrari Enzo.

Long or Short Capital is excellent for cynical and hilarious commentary on current financial events.

Man arrested for photographing cop

Scott Conover was arrested by a Johnson County, TN sheriff's deputy for taking his picture during a traffic stop--not his own, someone else's. He drove up to a stop in progress, slowed down, took a picture with his iPhone, and kept going. Officer Kenneth Lane went after him, pulled him over, falsely claimed that taking a picture of him was illegal and that he had to turn it over, and then arrested the guy, using two sets of handcuffs. The charge: "disorderly conduct, unlawful photographing, and pointing a laser at law enforcement officers"--all three of which were bogus.

More information, including a link to the officer's barely literate report, written four days after the fact, at Dispatches from the Culture Wars.

UPDATE (August 9, 2008): Turns out there's more to the story, and it makes the cops look even worse. Conover was taking a picture of what was part of an ongoing campaign of harassment against him, by going after the patrons of his bar. In this particular case, Conover knew that the driver of the car was a woman who was acting as designated driver for her husband, and only the husband had been drinking, and so he followed to take pictures to document what was going on. And this harassment of his patrons began after Conover was a witness to deputies beating up a man outside of his establishment, and he made a statement supporting that man. Conover had also previously sued the sheriff's department and settled for an undisclosed sum.

Colorado initiative to define personhood as beginning at conception

Colorado voters will get to vote in November on a proposition that defines personhood as beginning at conception. This will have the implication that in vitro fertilization involves murder, as the process standardly involves the disposal of fertilized eggs. As right-to-lifers are also often advocates of IVF, this places them into a bit of a quandary. In my opinion, this should even have the implication that all frozen embryos need to be brought to term--it's surely wrong to freeze people and prevent them from living their lives without their consent.

Presidential Prayer Team asks your support for biblical marriage

The Presidential Prayer Team has called for supporters to "Pray for the President as he seeks wisdom on how to legally codify the definition of marriage. Pray that it will be according to Biblical principles. With any forces insisting on variant definitions of marriage, pray that God's Word and His standards will be honored by our government."

A piece of unattributed email has been going around in support of this proposition, with the following suggested Constitutional amendment to put that into effect:

Marriage in the United States shall consist of a union between one man and one or more women. (Gen 29:17-28; II Sam 3:2-5) Marriage shall not impede a man's right to take concubines in addition to his wife or wives. (II Sam 5:13; I Kings 11:3; II Chron 11:21) A marriage shall be considered valid only if the wife is a virgin. If the wife is not a virgin, she shall be executed. (Deut 22:13-21) Marriage of a believer and a non-believer shall be forbidden. (Gen 24:3; Num 25:1-9; Ezra 9:12; Neh 10:30) Since marriage is for life, neither this Constitution nor the constitution of any State, nor any state or federal law, shall be construed to permit divorce. (Deut 22:19; Mark 10:9) If a married man dies without children, his brother shall marry the widow. If he refuses to marry his brother's widow or deliberately does not give her children, he shall pay a fine of one shoe and be otherwise punished in a manner to be determined by law. (Gen. 38:6-10; Deut 25:5-10) In lieu of marriage, if there are no acceptable men in your town, it is required that you get your dad drunk and have sex with him (even if he had previously offered you up as a sex toy to men young and old), tag-teaming with any sisters you may have. Of course, this rule applies only if you are female. (Gen 19:31-36)

For some reason Len Munsil's Center for Arizona Policy organization hasn't pushed this amendment in Arizona, instead preferring the unbiblical idea, not even widely recognized yet at the time of Charlemagne, that marriage should only be between one man and one woman.

Lippard-related crime update

Tredell County deputies have confiscated 175 marijuana plants from a barn on Lippard Farm Road in Statesville, NC. No arrests have been made in that case, but "charges are pending."

Come on, North Carolina. If you can grow tobacco, why not marijuana?

Ed Brayton on David Kupelian's latest foolishness

Ed Brayton at Dispatches from the Culture Wars has a nice takedown of David Kupelian's article at the WorldNutDaily bemoaning how atheists are being allowed to publish books in these Christian United States. Ed shows that Kupelian has no idea what he's talking about when he writes about Christianity in American history.

Obama the Lightworker

Mark Morford at the San Francisco Chronicle wrote, back on June 6:

Barack Obama isn't really one of us. Not in the normal way, anyway.
...
Many spiritually advanced people I know (not coweringly religious, mind you, but deeply spiritual) identify Obama as a Lightworker, that rare kind of attuned being who has the ability to lead us not merely to new foreign policies or health care plans or whatnot, but who can actually help usher in a new way of being on the planet, of relating and connecting and engaging with this bizarre earthly experiment. These kinds of people actually help us evolve. They are philosophers and peacemakers of a very high order, and they speak not just to reason or emotion, but to the soul.

Sorry, but this is crazy talk--and crazy talk of the sort that the religious right will grab a hold of, translate "Lightworker" into "Light bearer" into "Lucifer," and decide that Obama's the Antichrist.

Morford writes that he doesn't literally believe this, and warns up front that:

Warning: If you are a rigid pragmatist/literalist, itchingly evangelical, a scowler, a doubter, a burned-out former '60s radical with no hope left, or are otherwise unable or unwilling to parse alternative New Age speak, click away right now, because you ain't gonna like this one little bit.

But even on a non-literal level, I don't like it. The job of the president is to lead the executive branch of the government, not to be national daddy, mommy, or Messiah. Obama clearly has a lot of charisma and speaks very well, which is something that can be used positively or negatively--and more often than not it's the latter.

Network World covers biscuit cult death threat and firing

Network World has a good summary of the story of the firing of Melanie Kroll's firing by 1-800-Flowers. Kroll was fired after her husband Chuck sent a death threat to P.Z. Myers using her corporate email account, saying that if he didn't quit his job by the first of the month, he would "get [his] brains beat in." Chuck Kroll, presumably a conservative Catholic, issued this threat because Myers blogged in support of University of Central Florida student Webster Cook, who took a consecrated host from a Catholic church in Orlando, Florida. Cook was accused of a hate crime equivalent to kidnapping by Bill Donohue of the Catholic League. After receiving threats, Cook returned the magic cracker. Cult members believe the wafer has been literally transformed into the body of Jesus, while also retaining the properties of a cracker. This is not to be confused with Scientology, which believes that we are infested with the bodies of murdered space aliens, though both views seem to be on a par with respect to their reasonableness and quality of supporting evidence.

UPDATE (July 16, 2008): Melanie Kroll has been active in the comments at Greg Laden's blog, where she claims she was not connected to her company VPN when the email was sent. This is patently false, since otherwise her computer would not have been able to send the email through the company mail server from an RFC 1918 private IP address, which it did. It seems that she, like her husband, is incapable of taking responsibility for her own errors. She also writes this, by way of explanation for husband's behavior:

My husband went on to the drudge report site that he reads and clicked on a link and came across that man pz's notice and responded as he always does when he is upset. Was his text extreme yes it was, would he follow through, never.

So he always sends email to the authors of people who write things that make him upset, threatening to beat their brains in if they don't quit their jobs by the end of the month? That sounds like a very serious personal problem.

Analysts say 150 U.S. banks will fail in next 18 months

The New York Times says that some banking analysts (two of which are mentioned by name) predict that "as many as 150 out of the 7,500 banks nationwide could fail over the next 12 to 18 months." If that were to happen, that would likely exhaust the Deposit Insurance Fund of the FDIC, which will be spending $4 to $8 billion to cover the insured deposits of failed IndyMac bank. The Deposit Insurance Fund had about $52.4 billion at the end of 2007.

The worst case scenarios I've seen frequently discussed are hyperinflation and a Greater Depression. The way to survive the former would be to keep funds in more-stable foreign currencies and gold; for the latter it would be better to stay in cash and bonds (so long as none of the bonds default). A diversified set of investments is still your best bet, in my opinion.

UPDATE (September 12, 2008): The Economist (August 30, 2008) reports that the FDIC has 117 banks on its watch list, compared to 90 at the end of March, and reports that the drawdown on the Deposit Insurance Fund for IndyMac is sufficient to trigger a required funds "restoration" plan within the next 90 days.