Apparently Lloyds TSB is going to take over HBOS thereby creating a mortgage giant that, on a similar scale to
Fannie Me and Freddie Mac, will control close to a third of Britain's mortgages. This is only possible because the government are allowing them to by-pass competition laws. So, because of a lack of regulation, a bank that is too big to fail looks like it might fail and, by ignoring regulation, the government is creating a bank that is too big to save.
Crisis of Capitalism anyone?
- Niall Harrison at Torque Control looks at Justina Robson's short story "Legolas Does The Dishes" as featured in Postscripts 15. Personally, I find Robson to be completely unreadable. I've never finished anything of hers that I've started.
- Karen Burnham at Spiral Galaxy Reviewing Laboratory writes about the July/August issue of Analog and doesn't seem overly impressed.
- Theofantastique writes about Otherkin. I adore the otherkin as they're effectively religious people stripped of the fig leaf of social acceptability that comes with age and size of community. Much like Christians, the Otherkin pick up works of fiction and use them as the basis for systems of morality and identity.
- Jason W. Ellis at Dynamic Subspace puts up a three part essay about the relationship between the beliefs of Philip K. Dick and those of Percy Bysshe Shelley. Part two is Here. Part three is Here.
EDIT : I forgot to add...
- Stuart Evers at the Daily Graun's blogs somewhat grumpily points out that The Wire isn't that original because Ed McBain's 87th Precinct Novels invented the police procedural ages ago. Is that a backlash I can see off in the distance? gotta love the hype cycle.