End of a Busy Week

Quote of the day:
“I personally believe that US Americans are unable to do so because some people out there in our nation don't have maps and I believe that our education like such as in South Africa and The Iraq everywhere like such as and I believe that they should our education over here in the US should help the US or should help South Africa and should help The Iraq and the Asian countries so we will be able to build up our future for our children.” – Lauren Upton (Miss Teen South Carolina) when asked why she thought one-fifth of Americans could not locate the United States on a world map.

Today's Fun Fact:
The animal with the fastest resting heartbeat is the hummingbird, at 1400 beats per minute. The slowest is the blue whale, at between 4 and 8. However, the heartbeats of some small animals (such as the hedgehog and ground squirrel) get down to around 5 beats per minute while they are hibernating.

First of all, I'd like to pat myself on the back a little bit for writing a new post every day this week. I have no doubt that Blue Cross is just as thrilled that they have paid me as I did it. Actually, it was a pretty eventful week, so it wasn't altogether that difficult.

So, we now officially have Gov. Quinn. I worked out right after work and then went straight to curling, so I missed both Blagojevich's speech to the legislature and the official announcement that he had been removed. While I still have some reservations over the exact manner in which he was removed, I am very happy he's gone and I hope the state and the country can move on pretty quickly. There is too much to be done on both a state and national level for us to continue to be distracted by this.

So, another day and another piece of grim economic news. A report released today reveals that GDP contracted by 3.8% during the 4th quarter, the largest contraction since 1982. Curiously enough, I can't confirm in any of the news stories if this is real (i.e. inflation-adjusted) GDP or just nominal. I believe that it's nominal, because I don't think that we have the inflation numbers for 2008 yet. While this news is certainly not a shock (analysts had actually been forecasting a 5.1% drop) the seemingly endless roll of daily negative economic news continues and cannot be good for consumer confidence. And in this we have another example of Keynes' "paradox of thrift"; hard times make people spend less and save more at exactly the time when the economy needs them to do the exact opposite. Each piece of bad news just makes people clamp down tighter, which furthers the cycle onward. This is, of course, the flipside to both the dot-com and housing booms, when everyone knew it was a bubble and assets were overvalued but people kept buying and spending anyway.

You can't help but laugh at the irony that on the day we announce the biggest GDP drop in 27 years, Exxon announces that they have broken the US record for annual profit at $45.2 billion. While I am still most definitely a capitalist and defend a company's right to make as much money as they can for their shareholders, I think this is further evidence that oil companies are a lot quicker on the trigger in increasing gas prices when the price of oil per barrel goes up than they are when it goes down. I also think that this is further evidence (as if we needed more) of the need to branch out into alternative energy sources. It is just not good for the country to have such a high concentration of profits in any one industry. Through lobbying and campaign contributions, it simply buys you a far too disproportionate amount of influence in the legislature. And while I don't believe that all oil execs are greedy, soulless, cash whores I also don't believe that none of them are. But I don't think that the key to breaking the energy monopoly is through increased regulation or windfall taxes (though I'm not completely deadset against either). Rather, I think it can only be accomplished when the constituency sends the message that unless their local reps get serious about at least leveling the playing field for alternative energy, they will soon find themselves out of a job.

Finally, and on the lighter side, this story bothered me . As a result of fertility treatment, a woman gave birth to octuplets this week. OK, I'm fine with that. If you wanna get pregnant and can't do it naturally I think it's perfectly fine to utilize all the resources of the modern medical science industry. And sometimes, as a byproduct of that, the results can be too successful. So that's all well and good. Here's the part that bothers me. She already had 6 kids. While I don't think there should be a limit per se on when you are and are not allowed to seek fertility treatment, I think (as in most things) that a healthy dose of common sense is warranted. When you've already got 6 kids and you can't get pregnant again, that's your body's way of telling you to stop. The story also says that amongst her brood are 2-year-old twins. That means that she got pregnant this time when they were only 15-23 months old, so it's not like she tried for years naturally before going to fertility as a last resort.

On a more philosophical level, at what point does it cross into borderline child abuse? How can two people possibly give each child the individual attention that they deserve when there are 14 of them? And this is coming from someone who's dad was one of 10 kids. At least that was spread out over 19 years, so basically 1 every two years. You can definitely see how that can happen if you don't believe in birth control (which, as a good catholic family in the 40s and 50s, they didn't). But this little baby factory has now churned out 14 in 7 years. Talk about unnatural! My question is this: what happens when she goes in for more fertility treatments next year?