Daily Archives: 02/21/2009

Remix

(Community Matters) I’m sorta speechless about a reported trend of remixing gay porn and Japanese music for dance videos.  and, oh yeah, something about injecting baby faces.




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Armistead Maupin on Harvey Milk

(Community Matters) A touching recollection and a telling observation.  here


Hat Tip: Towleroad

Markets/Economy

(Community Matters) A day of mixed messages on the economy – overall, especially discouraging.


Nationally:

  1. the chairman of the Senate Banking Committee said it may be necessary to nationalize some banks. The White House sought to ease concerns on bank privatization.

  2. “I don’t remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world,” said Paul Volcker, a top aide to Obama.

  3. U.S. gold futures shot to a seven-month high above $1,000 an ounce, putting the benchmark gold contract within reach of the record high at $1,033.90 hit last April.

  4. “We witnessed the collapse of the financial system,” Soros said at a Columbia University dinner. “It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.”


All this on the same day that 2 out of 3 local conversations were much more positive.  Two well-placed, Austin  business executives expressed their optimism that we would see improvement by 4Q09, citing inventories of consumer products and absorption of local residential real estate.  The third didn’t cite any reasons for optimism yet guessed sometime in 2010 we’d see an uptick. 

I mentioned serveral times yesterday that Austin may have a unique opportunity to bank foreclosed residential property for affordability.  Wish someone would put together a $20 – $50mm package; I just don’t have the bandwidth this year.

Judge Robert Pitman

(Community Matters) Among 700 local bar members, federal Judge Robert Pitman recognized as the most excellent local jurist.  here


which further supports why Robert should be named US Attorney for Western Texas.  Appears our  Western Texas Democratic congressional delegation will make nominations to this position.  I’ve written Congressman Lloyd Doggett of my support for Robert in this position. Aside from being an excellent jurist, Robert has already served as Asst US Attorney and was even Acting US Attorney.