Crisis of Credit


The Crisis of Credit Visualized. Check out Jonathan Jarvis other work.

I can’t wait to see what such artists do with virtual worlds as a medium. As when moving pictures in various forms began by recreating concepts from the existing still pictures or stage theater, artists today are recreating other media in virtual worlds. In a way, my company is not helping things by making it increasingly easy to directly bring external media in-world: 2D static pictures and 3d static models, audio and movies, 1D text, documents, slide shows and spreadsheets, etc. Like some traditional ritualized art forms, it might be artistically more interesting to restrict the artist’s capabilities to whatever it is that is special about virtual worlds.

What I did with Tea Time

Guy Steele is a sweet guy who doesn’t give folks a hard time. But I have heard him several times lament that many computer science conferences are filled with variations on the same paper, which he lampoons as, “How I cataloged my CD collection with Lisp.” (I think he started saying this back when they were called record collections. I haven’t seen him in years and I suppose the routine now refers to MP3s.)

I’ve just been wrestling with a problem, and I’m so charmed with the Tea Time solution that I’m willing to sound like a college student that just learned how to do something mundane with his new profound toy. Call me a hack.

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Negative Interest Loans?

Hey, suppose we had a rational way to evaluate business and home loan risk. I don’t think we can truly solve our financial/social crisis without fixing the underlying risk-valuation issue.1

However it’s done, let’s imagine for moment that we had such a thing. Furthermore, let’s imagine that we had some way of assessing that risk relative to benefit for those doing the loaning. If the government is loaning, that means public benefit (under some political process).

If we did have such a thing, wouldn’t the most efficient way of stimulating the economy be to provide business and public loans at an interest rate based on that assessment? In particular, worthy projects might get zero or even negative interest, depending on how much we turned up the dial on desired stimulus. It’s not a blind hand-out, as borrowers have to justify their projects and make regular payments. The loan can be called in the usual way if payments aren’t made. The stimulus is in adjusting the balance-point of go/no-go.

Would Republicans support such a plan? Would Democrats? If labeled as a banking system, then I suppose neither. But what about defining it as a rational way of conducting the stimulus? With a side-benefit of kick-starting a more efficient and maybe less corruptible system of risk evaluation?


1.. Maybe something involving public peer review ala all that yummy mesh, P2P, and social network stuff?

We lost our house yesterday.

It never was our house. We’re renting it, because the people who are supposedly buying our house haven’t sold theirs, and so are renting ours. So we had rented this house with the intention of buying it when we could. It was terrific.

But the owner has just decided that she’s going to move back into it, and we will have to leave. I can see why she loves it – we do. But I’m certain that she’s never really going to move back in, and in the mean time, we’re screwed.

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The Pains: A Book For Our Times

My teenage daughter knows a bit about life and art and intellectual pursuits. But only a bit. She rated John’s “Acts of the Apostles” as “not bad”, which is to say she liked it a lot. It’s a good read, and she can relate to its view of uncool dudes in the world. But having grown up living the technology instead of studying it, she takes too much for granted to appreciate the detailed references or the jokes.

I’m not yet recommending John’s latest book to her. She does not yet have the intellectual background for “The Pains.” Thank God.

Everyone over 20 should read it. It is an easy, funny and entertaining novella to read, with terrific pictures, and I thoroughly enjoyed it. But it has a challenging subject that forms a litmus test of whether you’ve been out in the world and paying attention and asking questions: What is the scope of science, religion, and politics?

“The Pains” is no wishy-washy thematic rambling — it has an opinion. (My favorite line is when the heroine meets the obviously dying hero for the first time in an ’80’s dance bar and declares, “I hate the fucking Eagles.”) I had first thought that opinion was centered on the general theme of “neo-con totalitarianism is bad, starting with Reagan.” As such, maybe the story was a bookend capturing a dead era?.

But the deeper theme of personal vs messianic science, religion, and politics are certainly not resolved this January, 2009. Indeed, a soul’s freedom requires perpetual awareness, and I think I hope that it always will.

Materially Objective

Our David is cute. While testing today that the material editor was working, he captured the display material of the Python timer application running on the display stand, and then applied the material to the floor. The floor, the running application, and the material editor’s texture card and teapot sampler are all counting down.
<%image(20090106-material.jpg|713|476|Editing the material of the floor, using the material of the running Python timer application. All are counting down.)%>

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What are laws for?

Why do we have laws? It seems to me that the only good reason for creating a law or regulation is to protect an identifiable victim. Other arbitrary purposes, such as defining or imposing morality, are simply not good enough. But is this distinction a founding principal of our governing civil institutions? I don’t know. Anyone? (Harold….?)

We do have a variety of non-secular institutions that define rituals, beliefs, behavior, and other constructs along different lines, and these are not bound by the principal of protecting an identifiable victim. Does our separation of civil and religious institutions cover this principal, or does our Western and Judaic tradition blur the distinction?

While civil governments do issue proclamations, such as defining an official seal of the state, or designating a day of commemoration, this seems to me to be a separate function of government outside that which can be decided and acted on by the court system. A political body or office-holder may well declare that one plus one is two — or three — but there are no legal consequences for disagreeing. Unless we can define a specific and testable group to be protected by an answer of two or three, it would be inappropriate to elevate either proclamation to be a law or regulation.