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Americans enter the New Year in a strange new role: financial lunatics. We’ve been viewed by the wider world with mistrust and suspicion on other matters, but on the subject of money even our harshest critics have been inclined to believe that we knew what we were doing. They watched our investment bankers and emulated them: for a long time now half the planet’s college graduates seemed to want nothing more out of life than a job on Wall Street.The End of the Financial World As We Know It (NYT). When you're done with that, don't miss the companion piece in the same NYT edition, How to Repair a Broken Financial World, which is another must-read, clocking in at 2,000 words. And when you're done with all that, go watch "Keeping up with the Kardashians" or "Dog The Bounty Hunter" and eat some Hot Pockets, because AFAIAC, you'll have paid your thinkin' dues for the week.This is one reason the collapse of our financial system has inspired not merely a national but a global crisis of confidence. Good God, the world seems to be saying, if they don’t know what they are doing with money, who does?
Incredibly, intelligent people the world over remain willing to lend us money and even listen to our advice; they appear not to have realized the full extent of our madness. We have at least a brief chance to cure ourselves. But first we need to ask: of what?
To that end consider the strange story of Harry Markopolos. Mr. Markopolos is the former investment officer with Rampart Investment Management in Boston who, for nine years, tried to explain to the Securities and Exchange Commission that Bernard L. Madoff couldn’t be anything other than a fraud. Mr. Madoff’s investment performance, given his stated strategy, was not merely improbable but mathematically impossible. And so, Mr. Markopolos reasoned, Bernard Madoff must be doing something other than what he said he was doing.
About the writers: "Michael Lewis, a contributing editor at Vanity Fair and the author of Liar’s Poker, is writing a book about the collapse of Wall Street. David Einhorn is the president of Greenlight Capital, a hedge fund, and the author of Fooling Some of the People All of the Time."

Make: television debuted 1/3/2009 7am PST online and on public television (broadcast / cable tv). The series encourages everyone to invent, revent, recycle, upcycle, and act up. Based on the popular Make magazine, each half-hour episode hopes to inspire viewers to think, create, and, well, make. Each episode can be viewed or downloaded DRM-free, in HD on makezine.tv - the show is also available on Vimeo, YouTube, blip.tv and iTunes - We're pretty sure this might be the first TV show to launch in all these places, hopefully others will too!
For the new folks just joining us here, MAKE is a magazine, it's also a yearly event called "Maker Faire", a very popular website, a book series, a Maker Shed - but most of all it's a community of Makers who share their projects and skill. Make is what -you- make it. It's a growing DIY movement of people who look at things a little different and who just might spark the next generation of scientists, engineers and makers. Over the weekend our friends (and new friends) had some great things to say about the show, here's all the ones we could find, thanks for the support!
CNET News - 'Make' magazine debuts television series, Following on the success of their hit do-it-yourself magazine, the people behind Make will now bring their efforts to public television.Laughing Squid - Make: Television Launches, Weekly Episodes Profiling Makers. MAKE magazine, Twin Cities Public Television and American Public Television have just launched the wonderful new weekly series Make: Television.
Boing Boing - MAKE: television site has videos of first episode. MAKE: television site has videos of first episode...
Hack a Day - Make: television premiering today. Make’s television series will be premiering on public television across the US over the next couple days.
io9 - Make a Cat Feeder Out of Your Old VCR. Our pals over at the superlative MAKE: magazine have finally launched their public television show, which celebrates the spirit of mad science by profiling weird inventions you can create in your own home.
BuzzFeed - A new web and TV serious from MAKE Magazine celebrating some of the coolest “Makers” (inventors, artists, geeks and everyday people) and their inventions — which mix old and new technology to upgrade, renew, and recycle
Lifehacker - Make Magazine Debuts Their Own TV Show. If you're a fan of Make magazine and their DIY-ethos, you won't want to miss the premiere of Make Television. Available both online in HD and on a large number of public stations across America.
Wired / Geekdad - MAKE: television Empowers DIYers. If you had any doubt how huge the maker movement is, check this out -- MAKE: television, the video extension of one of our favorite magazines, premiered last night on Public Television and on the Internet.
NOTCOT - Congrats to our friends at Make on launching Make TV!!! It will even be premiering nationwide on Public Television stations this month!
Hacked Gadgets - This is a great day for the hackers and maker around the world. Make Television is On the Air! This is a big step in legitimizing the DIY area that we are all so interested in.
Biking Bis - "MAKE: television" features bicycle creations by SF's Cyclecide. The debut of a DIY show on public television connects viewers with artists who transform old bicycles into unusual pedal-powered creations.
Engadget - MAKE on the big screen. Make: television sneak peak at Engadget's reader meet up in New York city.
Gizmodo - Make: Television, The Ultimate DIY Tech Show, Debuts This Weekend. Ever wanted to have public TV teach you how to make a fully functional pneumatic t-shirt cannon/Burrito Blaster in the privacy of your own living room? Friends, Make: television debuting this weekend is for you.
Twitter - Tons of folks twittering away about Make: television!
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Steve Gillmor has been on a campaign to get Feedburner to wake up and make his Feedburner feed more responsive. I support him in this. Now that Feedburner is pwned by Google, there's something kind of sneaky about a big company that prides itself on keeping its servers up and responsive all the time to be asleep on this.
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I went to see the Israeli animated documentary feature "Waltz With Bashir" (Vals Im Bashir) last night. The autobiographical film was written and directed by Ari Folman, with illustration and art direction by David Polonsky.
It is a powerful piece of filmmaking, and I hope everyone reading this blog post will go out and support it, if it's still playing in a theater where you live. Given the escalation of conflict in Gaza this weekend, the film's message seems all the more timely and poignant.
I couldn't help but think as I was watching last night (in a mostly empty art-house theater on the other side of town) that this captures what the young Israeli soldiers must be experiencing right now, and what the Palestinians in Gaza must be experiencing, as well.
Waltz is about memory. It's a story about conflict trauma and PTSD. It's a story about how the responsibility for atrocities tends to be passed from one set of hands to another, never resting, and how the impact of violence is also passed down, never resting. It's a story about what combatants on both sides have in common: we are human beings.
Here are some stills from the movie. Here are higher-quality trailers on Apple. Here are some of the critics' reviews on Rotten Tomatoes. When the DVD comes out, I am buying it, and buying copies for friends.
Oh, and Susannah Breslin points us to these guys, Asaf and Tomer, who were credited as artists on the film. Here is my favorite still (contains nudity).
PS: Wiley Wiggins told me on Twitter last night that Folman's next project is an adaptation of Stanislaw Lem's book The Futurological Congress . That oughta be amazing. Incidentally, Waltz reminded me a lot of the film through which I first became aware of Wiley Wiggins' work, too.
Below: Speaking of the power of memory -- for me, hearing this great OMD song again, in this context, was potent. I loved that band, and was happy to see them included the film's '80s-heavy soundtrack.
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Today, the Israeli government sent ground troops into the Gaza strip region, as part of an 8-day offensive on Hamas. Two recent Boing Boing posts related to this topic drew intense discussions with an extremely high number of comments, so I thought I'd open up a new thread today -- clearly you, our community, have a lot to say about this, and about alternative resources for news, information, and insight on the conflict.
Among the resources I've pointed to before: Global Voices' special coverage on the Gaza conflict. Rocketboom did special coverage from the region earlier in 2008, worth re-watching for FAQ about those homemade rockets from Hamas. Last week, representatives of the Israeli government held press conferences of a sort on Twitter, and today Twitter is abuzz with tweets pointing to Al Jazeera's new "Gaza coverage" twitterbot. CNN is reporting that some of the weapons being used by Israel to attack mixed civilian and military targets come from the United States. There are an awful lot of protests, pro- and against, going on around the world.
A request in advance to those joining the discussion thread here on Boing Boing: keep it civil, respectful, on-topic, and please avoid personal attacks and moralizing. The road to Godwin's law is a short one. Let's not go there. Predictably, there is much fawning about in mainstream outlets over amateur op-eds on YouTube. If you *really* want endless rivers of unmoderated attack-comments, please just go there, instead. (Thanks, Derek Bledsoe)
Image: Israeli flag holder on right, courtesy formsixteen. Palestinian flag holder on left, courtesy jilliancyork.
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