September 23rd, 2007 — Australia, Music
Surely I’m not alone in thinking that the new Cat Empire song “No Longer There” stinks?
I’m a big Cat Empire fan - I’ve seen them live a couple of times, and their show is fantastic. For the most part, their albums are spot on as well. But this latest song, a slow ode to environmentalism, is a train wreck. It honestly sounds more on par with karaoke at the Lord Stanley than a band that recently toured the US and the UK.
Felix, please leave the singing to Harry.
September 17th, 2007 — Australia, Money
ABC’s Four Corners just aired a fantastic episode on the fallout from the US sub-prime mortgage crisis.
I love this quote from the end:
PROFESSOR ROBERT SHILLER, ECONOMICS, YALE UNIVERSITY: You know some people think that home prices go up 10 per cent a year. Do you know what Amsterdam would be worth today if it went up 10 per cent a year for the last 350 years? And if people know about the power of compound interest it would be worth more than the solar system or something. It can’t happen.
So if you look about long term trends in real estate maybe one per cent a year, tops, over long, over centuries. Otherwise it’s just, it doesn’t fit. It’s just not going to work.
Read the transcript, and watch the video.
