Investors in shady enterprise cry ‘foul’

Honestly, you couldn’t make this up. Investors in Betonsports.com are threatening to sue Baker Tilley, the accountants who drew up the prospectus on which the company was founded.

I remember reading said prospectus at the time. It said, quite clearly, that some aspects of the company’s business were illegal in the United States. I also remember that this didn’t stop ‘respectable’ City institutions and their clients from stampeding to buy the shares. I was naively astonished at the greed implicit in this. It seemed that there were limits to the “due diligence” about which venture capitalists make such a fuss. If there was a sure-fire bet in prospect, then it seemed that due diligence could be jettisoned as fast as yesterday’s newspaper.

But now that the company’s CEO has been incarcerated by the Feds, and it’s clear that Betonsports will be worthless shortly, those poor investor lambs are crying foul and looking for someone to blame for their woes. Ye Gods!

Gubernator tackles iPod/gel terrorists

From SFgate.com

Three hundred National Guard troops were ordered Thursday to airports in San Francisco, Oakland, Los Angeles and San Diego as state and local officials ramped up security measures around California in response to the arrests of suspected terrorists accused of plotting to blow up airplanes headed from Britain to the United States.

Gov. Arnold Schwarzenegger assigned troops to the three largest airports that regularly receive flights from Europe in the first such deployment of the California National Guard since the Sept. 11 attacks five years ago. Uniformed troops carrying guns were to arrive at airports this morning and will stay in place for at least a week, according to Adjutant Gen. William H. Wade II, the head of the state’s National Guard.

“I can assure the people of California that we’re doing everything to keep them safe and to return our airports to normal operations as quickly as possible,” he said. “We need the public’s help and their patience.”

“I see”, says Cory Doctorow,

“Governor Schwarzenneger has deployed 300 National Guardswomen and men to California’s airports to ensure that if liquid/gel/iPod terrorists escape from a British prison and fly to San Diego (without blowing up the plane), and then get off and start hijacking the entire airport, they can be shot.”

Travelling light (contd.)

From a BBC NEWS report

Russian musicians returning from London after the Bolshoi Theatre’s season face an overland journey because of the new UK cabin baggage ban on planes.

They are under contract to keep their instruments with them and cannot check them in as hold baggage, chief conductor Alexander Vedernikov said.

They will probably have to travel by rail via Paris, he added….

And I thought I was unlucky having to put my MacBook in the hold!

I remember being awestruck as a kid when I was told that Pablo Casals always purchased a second (First Class) airline seat for his cello.

Jimmy Wales, illuminated

The NYT has a daft ‘lifestyle’ piece about Jimmy Wales, the founder of Wikipedia. Sample:

His home is not an Italianate villa on a grape-ridden hillside in Napa but a four-bedroom ranch house in St. Petersburg, Fla., where he moved for the simple reason that it was sunny and cheaper than San Diego, his former home. At home, Mr. Wales has honed the good-enough style so well — or rather, not honed it — that the place will not even remotely be featured in House & Garden. He dresses casually, Florida-style, goes by the nickname Jimbo, and although he does drive a foreign car, it’s a Hyundai Accent. “It’s sort of like an appliance as a car,” he said.

He bought his DVD player at Wal-Mart, and his television set has something inside it called a cathode ray tube. Heard of it, kids?

About the only thing he has that aspires to a higher ideal is, of all things, a flashlight. The SureFire M6 blasts the competition, which averages 60 lumens, with a 250-lumen light beam. The company bills it as a “searchlight disguised as a flashlight” and boasts that “SWAT teams use the lights to temporarily blind suspects at night.”

The Guns of August

Interesting column by Richard Holbrooke in the Washington Post. He’s a former US Ambassador to the UN and he sees some parallels between this August and that of 1914, when the world slid into catastrophe.

Two full-blown crises, in Lebanon and Iraq, are merging into a single emergency. A chain reaction could spread quickly almost anywhere between Cairo and Bombay. Turkey is talking openly of invading northern Iraq to deal with Kurdish terrorists based there. Syria could easily get pulled into the war in southern Lebanon. Egypt and Saudi Arabia are under pressure from jihadists to support Hezbollah, even though the governments in Cairo and Riyadh hate that organization. Afghanistan accuses Pakistan of giving shelter to al-Qaeda and the Taliban; there is constant fighting on both sides of that border. NATO’s own war in Afghanistan is not going well. India talks of taking punitive action against Pakistan for allegedly being behind the Bombay bombings. Uzbekistan is a repressive dictatorship with a growing Islamic resistance…

The title of Holbrooke’s column comes from Barbara Tuchman’s classic, The Guns of August, which

recounted how a seemingly isolated event 92 summers ago — an assassination in Sarajevo by a Serb terrorist — set off a chain reaction that led in just a few weeks to World War I. There are vast differences between that August and this one. But Tuchman ended her book with a sentence that resonates in this summer of crisis: “The nations were caught in a trap, a trap made during the first thirty days out of battles that failed to be decisive, a trap from which there was, and has been, no exit.”

Preventing just such a trap must be the highest priority of American policy. Unfortunately, there is little public sign that the president and his top advisers recognize how close we are to a chain reaction, or that they have any larger strategy beyond tactical actions…

Far-fetched? Maybe.

Thanks to Gerard for the link.

Covering Lebanon? Child’s play

Thoughtful Telegraph column by Vicky Woods about coverage of the conflict in Lebanon…

Disinterested observers of the Middle East wars (ie journalists) do better without hanging their emotions out for all to share. Fergal Keane’s throbbing outrage (for BBC news) over the deconstruction of Lebanon and the “Qana massacre” is driving half the viewers wild with rage and giving the other half (me) stress headaches. I put “massacre” in quotes, because some people insist it was a carefully staged Hizbollah photo-op, not a massacre. I don’t know.

What I do know is that the Beeb should think of pulling Keane out of Lebanon for a bit of quiet R & R before he has to see any more massacres. (Or “massacres”.)

The BBC is taking a lot of stick for its coverage of the conflict. It is charged with being, a) generally anti-war (in a sloppy-liberal, bien-pensant way) and b) anti-Israeli (and therefore pro-Hizbollah, pro-Palestinian, pro-terrorist). And therefore anti-Semitic. I don’t think anti-Semitic sticks, but the anti-war/anti-Israeli charge is harder to defend.

She’s right about Keane. His self-righteous cant makes one cringe. And to think that he is a fellow-countryman of mine…

The more general issue Woods raises is really difficult. TV coverage of a conflict like this is fraught with problems. On the one hand, there is a proper army, with tanks, aircraft and terrifying firepower. Back home, their folks cower in properly-constructed bunkers, which is why Hizbollah rockets seem to kill very few Israelis.

On the other hand, there is a guerrilla outfit which blends with the civilian population (and allegedly hides rocket launchers in village streets). There’s a population of desperately poor civilians who have no protection — no bunkers — and no means of escaping the war zone. Whenever the Israeli forces destroy something, there are civilian casualties, many of whom are — inevitably — children.

TV goes for images — always. The more memorable the better. And suffering generally makes for better TV. Remember the reporter on Drop the Dead Donkey who, when sent to cover a disaster, always brought with him a little teddy bear that he could place strategically in the wreckage for that heart-wrenching footage?

Formal armies are easier to film, and the footage shows professionals purposefully embarked on a killing mission. It’s rationality applied to destruction — and that’s a repellent prospect for most of us liberals.

But Hizbollah can’t (and probably wouldn’t allow itself to) be filmed in the same way. Yet it’s just as intent on destruction as are the Israeli forces. It too, is applying rationality to its mission. But TV apparently cannot show that. So its coverage is always going to be ‘unbalanced’ even while cameramen argue that they are just filming what’s happening. Imbalance is, in a way, an unintended consequence of TV coverage, just as bias is an unintended consequence of US media outlets’ obsession with balance (Fox News excepted).

Thanks to Neville Stack for the link.

Websites that changed the world

The Observer had the nice idea of celebrating the 15th birthday of the Web by compiling a list of the sites that have had had a big influence on our lives. I wrote the introduction. Sample:

By any standards, the web represents a colossal change in our information environment. And the strange thing is that it has come about in just 15 years. Actually, most of it has happened in less than that, because the web only went mainstream in 1993, when the first graphical browsers – the computer programs we use to access the web – were released. So these are early days. We can no more envisage the long-term implications of what has happened than dear old Gutenberg could…

To get a handle on the scale of what has happened, think back to what the world was like 15 years ago. Amazon was a large river in South America. Ryanair was an Irish airline that flew to places nobody had ever heard of. eBay was a typo. Yahoo was a term from Gulliver’s Travels. A googol was a very large number (one followed by a hundred zeroes). Classified ads were densely printed matter in newspapers. ‘Encyclopedia’ was a synonym for Encyclopedia Britannica. And if you wanted to read what your MP had said in the Commons yesterday you had to queue at the Stationery Office in London to buy Hansard. Oh, and there were quaint little shops in high streets called ‘travel agents’…

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