Still busy, after all, it's summer.
Wonderful week with family, catching up on other responsibilities, errands etc.
Managing to follow the markets a bit, Bear Stearns imploding hedge funds, linked to sub-prime mortgages. Well, it was an accident waiting to happen.
Bear's Stock Is Acting Like Its Name - WSJ.com:
"The current concerns accelerated Friday, when Bear announced plans to bail out an internal fund known as High-Grade Structured Credit Strategies Fund with a loan of up to $3.2 billion."
This may dampen equities for a period of weeks, maybe months, as exposed players have to liquidate (sell) ... more liquid positions (big stocks).
Not like this hasn't happened before ... Long Term Capital and the Russian default being just one of the most recent.
Hubris comes home to roost.
On Intelligent Design ... maybe it's easier than previously thought:
Evo-Devo - Evolutionary Science - From a Few Genes, Life’s Myriad Shapes - New York Times:
And evolution continues on humans :
Humans Have Spread Globally, and Evolved Locally - New York Times
Maybe we are not all "created" equal?
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