The stock markets are bleeding red today. Lehman Brothers has gone BK, even though it never had a quarterly loss as a public company until this past June. The financial system is a complete mess.
How did we get into what Alan Greenspan has called a “once-in-a-century” financial crisis? Let me refer you back to an episode of This American Life (“The Giant Pool of Money”) which we featured earlier this year. (Listen here.) Step by step, the show traces in its trademark, entertaining way how this credit debacle took shape. Along the way, you’ll discover how 70 trillion dollars of global money needed to get parked somewhere, and it found the US housing market. As the money poured in, the American investment community cranked out as many mortgages as it could. And when there were no more qualified home buyers left, the banks started lowering lending standards until there were none left. In the end, even dead people were getting mortgages (sadly, a true story). Give the podcast a listen. The whole debacle gets pieced together in a way that you’ve probably never heard before.
In anticipation of Gustav.… Here’s what Hurricane Dean looked like for the crew flying in a NASA space shuttle last August. You can check out more NASA videos on YouTube here. It’s also added to our YouTube playlist. Thanks to Bill for pointing this out. (Readers: If you see good pieces of cultural media, feel free to send them our way.)
Nice find by Kottke.org. If you’re willing to sign up for an Amazon credit card (with no annual fee), you can get a $100 rebate on the Kindle, Amazon’s fast-selling e‑book reader. This brings the price down to $259. And, as Kottke warns, you should always read the fine print. You can get more info here, and buy the Kindle here.
This animated mockumentary traces the history of evil from Ancient Greece until today. While I wouldn’t make the video part of a standard high school curriculum, I give it points for creativity. We’ve added it to our YouTube Playlist.
Replaceable You: Stem Cells and Tissue Engineering in this Age of Enlightenment
“The good part about getting older is that we gain some wisdom and patience. The bad part is that our bodies (knees, hips, organs, and more) start to wear out. But what if our bodies could be “reprogrammed” to grow new parts? The new field of regenerative medicine is trying to do just that, and it takes advantage of the process of regeneration, which is nature’s solution for repairing damaged tissues.
Although humans cannot re-grow their limbs like salamanders and newts can, the capacity to regenerate injured or diseased tissues exists in humans and other animals, and the molecular machinery for regeneration seems to be an elemental part of our genetic makeup. The prevailing opinion is that the genes responsible for regeneration have for some reason fallen into disuse, and they may be “jump started” by the selective activation of key molecules. Using this knowledge, scientists are developing new strategies to repair and, in some cases, regenerate damaged or diseased tissues in both young and old patients. In this course, we will explore the exciting field of regenerative medicine and learn a little about what makes stem cells so special. We will also discuss some of the recent discoveries that can potentially allow us to be fit and healthy well into old age. Here, you will learn what is merely science fiction and what, remarkably, has become science fact in our new medical age.”
Jill Helms
Associate Professor, Department of Plastic and Reconstructive Surgery
Jill Helms joined the Stanford faculty after eight years at UC San Francisco, where she was the Director of the Molecular and Cellular Biology Laboratory in the Department of Orthopedic Surgery. Her research focuses on the parallels between fetal tissue development and adult tissue regeneration. She received a PhD in developmental neurobiology and a clinical degree and spends the majority of her time in clinically related research.
Over the past week, we’ve discovered a number of good items being put together by some of our readers.
The first is a new popular podcast called “Robots” (iTunes — RSS Feed — Web Site). Assembled by a group of grad students associated with the Swiss Federal Institute of Technology in Lausanne (EPFL), each episode focuses on a specific topic (e.g., robot soccer) and features interviews with high profile guests in robotics and artificial intelligence. Also, each episode highlights news and views from people building and programming robots inside and outside universities.
Next, you may want to swing over to Nigel Beale’s site and listen to his radio program/podcast called The Biblio File. The site houses about 100 audio interviews with various authors. Perfect for the bibliophile.
By now, most everyone knows that Randy Pausch sadly died of pancreatic cancer last week. And, if you have an internet pulse, you’re already acquainted with his lecture that caught the public imagination last year: Really Achieving Your Childhood Dreams. What you may not have seen is the short, six-minute speech Pausch made at Carnegie Mellon’s graduation in late May — a short two months ago. The philosophy here remains the same. The pitch is just shorter and to the point. It’s added to our YouTube playlist. Here it goes:
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