farmdoc's blog post number 604

Every week I listen to the This American Life podcast. Each episode comprises a few stories on one theme. Today’s Farmdoc’s Blog post copies that format. The theme’s ‘money’:

I wrote last Sunday that COP15 grinds on. Now, with four days to go, it looks to be inexorably headed toward a stalemate, or an at best meagre agreement. Look at its sponsors. I don’t know of them all, but I see four car makers, an airline and a transport firm. Who the sponsors are mightn’t affect the deliberations of apparatchiks, but it’s unethical and improper for a UN conference – not to mention a climate change one – to have privates sponsors at all let alone this lot of carbon mega-polluters.

Fighting terrorists and terrorism militarily is expensive, and going by recent experience it’s not so effective either. So what to do? As per the old adage, follow the money. The Jerusalem Post reports that 18 months ago a US Federal Court froze US$2B of Iranian money which is at the centre of a legal struggle between US Marine victims of a 1983 Hizbullah terror attack on a Marine barracks in Beirut, and a Luxembourg bank (which I guess is an Iranian proxy or front). Terrorists needs lots of money. So hit ’em where it hurts. In the wallet.

Meantime President Obama and the US Congress are hitting greedy, amoral, unrepentant Wall Street leeches with a host of new measures aiming to rein in their excesses and increase their accountability. Will these measures work? No-one knows yet. But there’s no downside to trying.

Finally I’ve just read here that if Australia’s successful in its bid to host FIFA’s 2018 or 2022 soccer World Cup, it’ll cost A$2.9B. Thank you, but no thank you, FIFA.

farmdoc's blog post number 594

Here’s this week’s compendium. This week…

1. the Iraqi journalist who last December threw his shoes at President Bush, became the target when an exiled Iraqi journalist threw a shoe at him [1]. He deserves it. He’s a heel for disrespecting President Bush’s office.

2. Chelsea Clinton – Bill and Hillary’s daughter – became engaged to her long time boyfriend, 31-year-old investment banker Marc Mezvinsky, who is Jewish [2]. When the young couple have children, will Hill and Bill be Buba and Zayda?

3. television stations were clamouring to sign up Matthew Johns who few months ago was sacked by Channel Nine for being involved in a Cronulla Sharks group-sex scandal in 2002 [3]. This tells us not how talented our Matthew is, but how sick and warped our society is.

4. I read that Nicole Kidman has lent her voice to Australia's bid for the 2018 or 2022 FIFA World Cups, by narrating promotional film spruiking Australia’s credentials to host one of these sporting extravaganzas [4]. That we’ve resorted to a celebrity voice with no sports let alone soccer credentials, means our bid is weak, and all things considered it should rightfully be doomed to failure.

5. the election of Tony Abbott as federal opposition leader means the opposition won’t support the Rudd government’s emission trading scheme legislation [5]. I agree that Rudd’s scheme is pathetic (cuts not deep enough, big polluters rewarded, citizens slugged). But Abbott, representing Big Business, may not propose anything better. Or anything at all.

6. Tiger Woods duffed his approach when driving home [6]. I’ve no sympathy for him. It counts for nought that he’s the best golfer ever and the world’s wealthiest sportsman. Because the measure of the man is that he hasn’t respected his wife and children.

7. the EU has proposed East Jerusalem becomes the capital of a future Palestinian state [7]. This comes at the end of 20 years of joy after the Berlin Wall came down. The EU should mind its own business – which Jerusalem is most definitely not.

8. free water bubblers are being reintroduced in central London [8]. You’re a man ahead of your time, PJ. [9]

Finally, I wish you, dear Farmdoc’s Blog readers, a wonderful week.