How tax dollars are being spent for 2008 in the United States.
Washington Post

My friend Richard was given 4 Laker tickets and invited me to join him, Wilson and Eric to last nights game. This is how close we were sitting, it was surreal to see the players that near to us. The last time I went and saw them was 1991 at the Forum vs the Bucks. They still had Magic, Worthy, Cooper, Scott and I believe Kareem — one of the best teams to play in the NBA ever. Kobe played well — what was really exciting to watch was them starting to gel as a team. Felt sorry for the Knicks fans in attendance, their fandom looks so desperate — face it, you’re living in Los Angeles and you’re probably as “LA” as it can get. What is a trip is how everyone is trying to somehow exude “success”, regardless of if they really are or not — loving the VIPs in the rows ahead of us, almost all were Hollywood Actors/Producers or Real Estate Developers/Entrepreneurs.

Thanks again Richard, that was a blast!

Interesting article in the New York Times — even if you think it’s all rubbish.

One of my favorite Banknotes.

Personal Blog of Toru Adachi, Bookendless. Mr. Adachi is the Editor of the books Moriyama, Shinjuku, Aaraki and Unlimited: Comme des Garçons for the Japanese Publisher (Heibonsha LTD).

Great article in the Wall Street Journal on the economic theories of Mr. Minsky,
(my neighbors Father) — our current condition has been coined a Minsky Moment as it parallels the economic models and theories of Mr. Minsky.

“At its core, the Minsky view was straightforward: When times are good, investors take on risk; the longer times stay good, the more risk they take on, until they’ve taken on too much. Eventually, they reach a point where the cash generated by their assets no longer is sufficient to pay off the mountains of debt they took on to acquire them. Losses on such speculative assets prompt lenders to call in their loans. ‘This is likely to lead to a collapse of asset values,’ Mr. Minsky wrote.”