G C Lichtenberg: “It is as if our languages were confounded: when we want a thought, they bring us a word; when we ask for a word, they give us a dash; and when we expect a dash, there comes a piece of bawdy.”

H. P. Lovecraft: "What a man does for pay is of little significance. What he is, as a sensitive instrument responsive to the world's beauty, is everything!"

Martin Amis: “Gogol is funny, Tolstoy in his merciless clarity is funny, and Dostoyevsky, funnily enough, is very funny indeed; moreover, the final generation of Russian literature, before it was destroyed by Lenin and Stalin, remained emphatically comic — Bunin, Bely, Bulgakov, Zamyatin. The novel is comic because life is comic (until the inevitable tragedy of the fifth act);...”

Werner Herzog: “We are surrounded by worn-out, banal, useless and exhausted images, limping and dragging themselves behind the rest of our cultural evolution.”

John Gray: "Unlike Schopenhauer, who lamented the human lot, Leopardi believed that the best response to life is laughter. What fascinated Schopenhauer, along with many later writers, was Leopardi’s insistence that illusion is necessary to human happiness."

Justin E.H. Smith: “One should of course take seriously serious efforts to improve society. But when these efforts fail, in whole or in part, it is only humor that offers redemption. So far, human expectations have always been strained, and have always come, give or take a bit, to nothing. In this respect reality itself has the form of a joke, and humor the force of truth.”

विलास सारंग: "… . . 1000 नंतर ज्या प्रकारची संस्कृती रुढ झाली , त्यामध्ये साधारणत्व विश्वात्मकता हे गुण प्राय: लुप्त झाले...आपली संस्कृती अकाली विश्वात्मक साधारणतेला मुकली आहे."

Wednesday, November 14, 2007

Petrol is Not Fuel but Financial Investment! Greet New Gordon Gekko’s.

Joseph Stiglitz:

“When there is chaos, Wall Street makes more money.”

“Market fundamentalists never really appreciated the institutions required to make an economy function well, let alone the broader social fabric that civilizations require to prosper and flourish.”

On November 8, 2007, NYT reported:

“…As oil approaches the $100-a-barrel milestone, M. S. Srinivasan, India’s petroleum secretary, has an unorthodox recommendation for cooling overheated prices: halt trading of crude oil on commodity exchanges….

Mohammad Alipour-Jeddi, the head of market analysis for OPEC, and William F. Galvin, the secretary of state in Massachusetts, have blamed speculators for rising prices. “There is enough crude in the markets,” Mr. Alipour-Jeddi said Monday. Bottlenecks in refining and “speculative activities” are forcing prices higher, he said.

Conspiracy theorists have long been saying that oil prices are being manipulated to hurt prospects of emerging economies like China and India.
Gordon Gekko’s of oil trading have emerged. Sunday Times, London reports:

” THREE science graduates with a combined fortune of more than £500m have emerged as the commodity traders who led the “oil rush” that has pushed petrol prices to more than £1 a litre.

David Harding, Michael Adam and Martin Lueck are renowned in the City for their skills in targeting the most lucrative trades in commodities, including oil.

Their system - known as the “black box” and based on mathematical algorithms - is now deployed by three of the biggest hedge funds in London and has helped push oil prices towards $100 a barrel.

The three funds, AHL, Aspect Capital UK and Winton Capital Management, control more than £15 billion of funds used to buy future oil contracts and other commodities, usually on the gamble that prices will rise…”

Artist: Chappatte November 9, 2007