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POPSHYPERINFLATION (read, watch, learn) In late 1923, Germany undertook a monetary reform creating a new unit of currency called the rentenmark. The German government promised that the new currency could be converted on demand into a bond having a certain value in gold. Proponents of the standard answer argue that the guarantee of convertibility is properly viewed as a promise to cease the rapid issue of money. An alternative view held by some economists is that not just monetary reform, but also fiscal reform, is needed to end a hyperinflation. According to this view a successful reform entails two believable commitments on the part of government. The first is a commitment to halt the rapid growth of paper money. The second is a commitment to bring the government's budget into balance. This second commitment is necessary for a successful reform because it removes, or at least lessens, the incentive for the government to resort to inflationary taxation.
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POPSEurail Pass This page has detailed information about Eurail and the Eurail Global Pass. The page describes how this pass works and you can also book trips online. Great prices too!
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POPSEurial Information and Deals Give this a page a look if you are interested in Eurail or the Eurail Select Pass. Great info and a variety of options and deals as well.
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POPSFrom Masseur to $300 million Arms Dealer? Only in ... "How did a company run by a 21-year-old president and a 25-year-old former masseur get a sensitive $300 million contract to supply ammunition to Afghan forces?" asks the chairman of the House Oversight and Government Reform Committee on Tuesday Representative Henry A. Waxman, Democrat of California.
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POPSEurail Pass All-in-one page where you can learn about different kinds of passes for Eurail travel as well as book trips at great rates.
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POPSSteve Ballmer Egged in Hungary Ballmer's response: "It was a friendly disruption." Bill Gates slightly more clever response to being hit in the face with four cream pies in 1998: "The worst part was that the pies were not very tasty."
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POPSPX3 Prix de la Photographie Paris 2008 Photographer of the Year Artist's Name: Balazs Gardi Country: Budapest, Hungary Title: The Valley Description: Afghan man holds a wounded young boy in front of a house on October 20, 2007 in Yaka China village, Kunar province, East Afghanistan. The boy received several shrapnel wounds from a rocket as a US airstrike targeted a suspected insurgent position in a nearby house the previous night. The air strike also killed five other civilians and injured at least seven villagers including children.
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POPSLenin swims away! Done for a Hungarian film production on Margaret Island in Budapest. Talk about deserting ship! :D
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POPSHoward Zinn: A People's History of American Empire "Have not the justifications for empire, embedded in our culture, assaulting our good sense -- that war is necessary for security, that expansion is fundamental to civilization -- begun to lose their hold on our minds? Have we reached a point in history where we are ready to embrace a new way of living in the world, expanding not our military power, but our humanity?" Howard Zinn
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POPSGlobal Warming Researcher says Equations "totally wrong"
"How did modern researchers make such a mistake? They relied upon equations derived over 80 years ago, equations which left off one term from the final solution." "Looking at a series of differential equations for the greenhouse effect, he noticed the solution -- originally done in 1922 by Arthur Milne, but still used by climate researchers today -- ignored boundary conditions by assuming an "infinitely thick" atmosphere. Similar assumptions are common when solving differential equations; they simplify the calculations and often result in a result that still very closely matches reality. But not always." "So Miskolczi re-derived the solution, this time using the proper boundary conditions for an atmosphere that is not infinite. His result included a new term, which acts as a negative feedback to counter the positive forcing. At low levels, the new term means a small difference ... but as greenhouse gases rise, the negative feedback predominates, forcing values back down."
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