Dreaming…

By Thomas L Friedman

This is a scary economic moment.
The response we need is not easy, but it is totally obvious. We need a Grand Bargain between America’s two parties — and we need it right now. Until you read the following news article, we’ll be stuck in a world of hurt.

 

Washington (AP) — It was a news conference the likes of which the White House had never seen. President Obama stood in the East Room, flanked by the House speaker, John Boehner; the Senate minority leader, Mitch McConnell; the Senate majority leader, Harry Reid; and the House minority leader, Nancy Pelosi. The president asked Mr. Boehner to speak first:

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Miracle Worker

Superheavy Mick Jagger Joss Stone Stewart Marley Rahman Miracle

SuperHeavy’ group consisting out of Mick Jagger, Eurythmics founder Dave Stewart, singer Joss Stone, composer A.R. Rahman and reggae artist Damian Marley. I have no idea how the group got together except for the fact that Jagger & Stewart wondered how a band of musicians from different genres would sound like. Here they are with its first single and an album coming to you around September.
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Riots and residents

By Dan Hind

Civil disturbances never have a single, simple meaning. When the Bastille was being stormed the thieves of Paris doubtless took advantage of the mayhem to rob houses and waylay unlucky revolutionaries. Sometimes the thieves were revolutionaries. Sometimes the revolutionaries were thieves. And it is reckless to start making confident claims about events that are spread across the country and that have many different elements. In Britain over the past few days there have been clashes between the police and young people. Crowds have set buildings, cars and buses on fire. Shops have been looted and passersby have been attacked. Only a fool would announce what it all means.

We can dispense with some mistakes, though. It is wrong to say that the riots are apolitical. The trouble began on Saturday night when protesters gathered at Tottenham police station to demand that the police explain the circumstances in which a local man, Mark Duggan, had been shot dead by the police. The death of a Londoner, another black Londoner, at the hands of the police has a gruesome significance. The police are employed to keep the peace and the police shot someone dead. This is a deeply political matter. Besides, it is conventional to say how much policing in London has changed since the Brixton riots of the early eighties – but not many people mouthing the conventional wisdom have much firsthand experience of being young and poor in Britain’s inner cities.

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HAPPY BIRTHDAY

HAPPY BIRTHDAY LIVING ROOM BLOG! 

ITS BEEN ONE YEAR ON AUG 10, 2011

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MANY, MANY VISITORS

AROUND THE WORLD

ENJOYED THE LIVING ROOM

THANK YOU FOR BEING SUCH GREAT FRIENDS…….

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London’s burning

The questions are uncomfortable – is this just mindless violence or has London failed to address deep social problems that it thought belonged to the past ?

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Fashion statement

Alexander Mc Queen:

“I want to be honest about the world that we live in, and sometimes my political persuasions come through in my work. Fashion can be really racist, looking at the clothes of other cultures as costumes. . . . That’s mundane and it’s old hat. Let’s break down some barriers.”

From: Savage Beauty

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Savage Beauty

A wonderful exhibition at the Metropolitan Museum in New York,organized by The Costume Institute, celebrates the late Alexander McQueen’s extraordinary contributions to fashion.  Alexander McQueen challenged and expanded the understanding of fashion beyond utility to a conceptual expression of culture, politics, and identity. His iconic designs constitute the work of an artist whose medium of expression was fashion.

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Credibility, Chutzpah and Debt

By Paul Krugman

To understand the furor over the decision by Standard & Poor’s, the rating agency, to downgrade U.S. government debt, you have to hold in your mind two seemingly (but not actually) contradictory ideas. The first is that America is indeed no longer the stable, reliable country it once was. The second is that S.& P. itself has even lower credibility; it’s the last place anyone should turn for judgments about our nation’s prospects.

Let’s start with S.& P.’s lack of credibility. If there’s a single word that best describes the rating agency’s decision to downgrade America, it’s chutzpah — traditionally defined by the example of the young man who kills his parents, then pleads for mercy because he’s an orphan.

America’s large budget deficit is, after all, primarily the result of the economic slump that followed the 2008 financial crisis. And S.& P., along with its sister rating agencies, played a major role in causing that crisis, by giving AAA ratings to mortgage-backed assets that have since turned into toxic waste.

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Mutual dependency

By Javier Solana

Humanity’s main concerns today are not so much concrete evils as indeterminate threats. We are not worried by visible dangers, but by vague ones that could strike when least expected – and against which we are insufficiently protected.

There are, of course, specific, identifiable dangers, but what worries us most about terrorism, for example, is its unpredictable nature. What is most disturbing about the economy these days is its volatility – in other words, the inability of our institutions to protect us from extreme financial uncertainty.

Generally, much of our uneasiness reflects our exposure to threats that we can only partly control. Our ancestors lived in a more dangerous but less risky environment. They endured a degree of poverty that would be intolerable to those in advanced countries today, while we are exposed to risks whose nature, though hard for us to understand, would be literally inconceivable to them.

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Song of the rain

By Khalil Gibran

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