Howard Davidowitz on Life, the Universe, and Everything

Well, not everything but almost. Great interview on Bloomberg TV.

The German New Year's Rocky Horror Picture Show

Cool article in Slate about Dinner for One, an obscure 11-minute British comedy which is a staple of Germany's New Year's Eve celebration:

In 1962, German entertainer Peter Frankenfeld stumbled on Dinner for One in Blackpool's seaside circuit. Frankenfeld was so charmed that he invited actors Freddie Frinton and May Warden to perform the sketch on his live TV show Guten Abend, Peter Frankenfeld. The now-classic black-and-white recording dates from a 1963 live performance in Hamburg's Theater am Besenbinderhof. (So deep runs the love for this broadcast that last year Frankfurter Rundschau interviewed a woman whose piercing laugh from the sidelines has achieved its own cult status.) Audiences clamored for repeats, and the skit fit nicely as a time-filler between larger broadcasts, so the German network Norddeutscher Rundfunk and its affiliates ran the snippet repeatedly in the 1960s, even reaching audiences behind the Iron Curtain in East Germany. The skit settled into its current New Year's Eve slot in 1972.

Excellent Titanic Content

Nice post by Charles Hugh Smith, from the Of Two Minds blog via Zero Hedge. Money graphs:

The Titanic offers us a timeless analogy for denial and a frantic, too-late acceptance of grim reality. Had the doomed ship's leadership actively accepted the challenge to save as many lives as possible, then lifeboats would not have been sent off half-full. The sea was calm; boats could have been safely loaded beyond their designed capacity, and crude life-rafts might have been lashed together. As poor a solution as a lashed-together assemblage of buoyant materials would have been welcomed as a better alternative than certain death.

But instead, the "plan" was to maintain a veneer of normalcy: the band played on, even as the bow sank lower into the unforgiving icy water.

Fed chairman Bernanke, Treasury Secretary Geitner, President Obama and Congress are all ordering the band to play spritely tunes of rising holiday spending, endless borrowing, and the carefully crafted propaganda of Fed manipulation, statistical legerdemain and happy-talk about how the Monster will be gone when we open our eyes.

Since we are feeding the Monster with our very denial and derangements, then that is impossible. The longer we keep our eyes closed, hoping we can avoid any meaningful change, any meaningful adaptation and any meaningful sacrifice, the more fearsome and powerful the Monster becomes.

If we insist--childlike, petulant, resentful of reality--on keeping our eyes closed in 2011, then we are dooming ourselves to facing a much fiercer and more powerful Monster in 2012. We can't escape the confrontation, and the longer we put it off, hiding under our bed, wishing it all away, the more likely our panicky collapse when reality forces our eyes open.