links for 2010-08-04

04 Aug
  • The problem with deflation is it keeps asset prices low. So if you bought crap that you expect to value, you have a problem. Especially if you bought on credit. So if you bought a house and you took on debt, but the house price falls, it hurts your “net worth”. Because now your assets are lesser than your liabilities. But that’s a stupid way to look at it at a personal level, because when you take a loan for anything other than a house (a TV, a laptop, a holiday) you have a negative net worth to that extent.
    The house you live in is not really an asset – it’s a liability which you, as a rational individual, decided to pay much higher money than equivalent rent because you want the nice warm feeling in your heart. Or, looked in another way, it’s an asset like a car, whose value depreciates every year. The concept of looking at a house as an asset should have been history by now, at least in the west, but it’s so entrenched in society today.
    A house you live in is a mega-expense.
  • When you are on your deathbed, what others think of you is a long way from your mind. How wonderful to be able to let go and smile again, long before you are dying.
    Life is a choice. It is YOUR life. Choose consciously, choose wisely, choose honestly. Choose happiness.
  • you realize that what people really regret isn't simply working so hard, it's working so hard on things that don't matter to them. If our work matters to us, if it represents a life true to us, then we will die without the main regrets that haunt the dying. We will have lived more fully.
    That doesn't mean you should sell all your belongings and feed the poor in a foreign country. Well, if that's true to you, go ahead. But the whole point is that your life needs to be true to you, not what others expect of you.
    So the question is, what matters to you?
  • New laws in Saudi Arabia and the UAE will require that every Blackberry user dress their phone a miniature burqa and face veil…
    ‘This is not about censorship or oppression…this is about preserving the essential purity of the Blackberry and protecting it from being corrupted.’
    Some businessmen believe that making their phone wear a burqa can be very liberating…‘with the veil in place I am free to walk about with my Blackberry in public without the feeling that people are staring lustily at my multi-media application. It also covers my shame for not owning an iPhone.’
    Some religious groups have welcomed the policy. ‘If Allah had meant us to freely access the Internet He would have given us web browsers in our heads…
    The British government has yet to declare an official line on phone burqas although Immigration Minister Damian Green said that to ban them would be ‘very unBritish’. He went on to explain that, ‘the British thing to do, as always, is to grumble and tut.’
  • But if the Games experience thus far has shown anything, it's that Indians can't take even the most basic levels of efficiency and probity in public life for granted. This means that in the short term the country needs to figure out how to transfer more of its private-sector energy and organization to sport. In the long term, it has to find a way to ensure that brazen corruption and staggering ineptitude draw more serious punishment than a tongue-lashing from a television journalist. The only alternative is to get used to leaky roofs, phantom contracts and overpriced treadmills.
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Posted by on August 4, 2010 in Uncategorized


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