AFOE nominated for Best Business Blog

Even though AFOE is not really a business blog, our recent and extensive coverage of the financial crisis seems to have earned us a nomination for Best Business Blog at the 2008 Weblog Awards. If you, like Paul Krugman among others, appreciate the hard work done by our authors, I invite you to cast your vote for us by clicking on the pic or by going here.

You can also cast your vote for a few other great European weblogs, like Kosmopolito and good old Nosemonkey.

PS: A big thank you to the reader(s) who nominated us!

And Now for Two Things, Completely Different

Two productivity-enhancing additions to the internet that at least a couple of our readers may not have noticed in the last 24 hours.

Google is putting the image archive of the American magazine LIFE online. Over the next few months, this will mean access to some 10 million images, the vast majority of them never published. In the meantime, some of the best-known are already online. Add the text “source:life” to any search in Google Images to specify something from the archive. Browse pictures dating back to the 1750s, though searches max out at 200 results right now.

If you still haven’t whiled away the entire day, there’s an official Monty Python channel on YouTube. As if the site itself weren’t bad enough.

A Friday night out in Europe.

It’s Friday afternoon, and if you, gentle readers, should want to leave the gloomy reality of a world in economic crisis behind you for a night out in Europe, you may be interested in having a look at a new web service called Happenr for hopefully useful suggestions about what to do.

According to a techcrunch review by Erick Schonfeld, Happenr is a new search engine, operated by a Belgian company, that currently collects information about events in Germany, Ireland, Belgium and the continent’s most important cities by scouring tourism, town, and cultural websites. While the review author sceptically remarks that “event databases are a dime a dozen,” he also mentions that “Happenr thinks there is still room for a comprehensive events search engine in Europe, and it believes it has a better way of indexing events automatically.”

Well, see for yourself. I for one actually found something I might do later on.

Odd Moments in Political Economy

I’m beginning to think that our neighborhood grocery store here in Tbilisi could be an interesting source of stories about the politics and economics in the Second World. The tastiest corn chips come from Turkey, the cooking oil brands are almost all Russian (though with relations being what they are, I don’t know if the products themselves come directly from the neighbor to the north), the peanut butter from China looks too suspect to buy, and a fair amount of the pasta is Italian Barilla. Stocks sometimes still seem a question of what the store can get, rather than what the customers want. There are a whole bunch of fancy-looking Dutch cheeses just now, but they seem to be going for about EUR 16 a kilo, which is an awful lot for here. Particularly as I think behind the nice packaging they’re probably pretty ordinary, rather than actual super-artisan stuff that might command the price. And some of the choices are just odd: of the main shelving (the display area in the middle of the store) fully one-twelfth is given over to nothing but ketchup. Ketchup is the perfect condiment, but still. Further, the 750-ml Heinz regular in a squeezable plastic bottle with a label in Dutch is about 7.50 lari, while the the 750-ml Heinz regular in a squeezable plastic bottle with a label in French is about 9.50 lari. This does not look like a rational market. Maybe someone in management speaks English and I can find out why.

How the markets really work, by Bird & Fortune

You do not always need to write long essays to explain the current financial crisis, the following video sums it all up quite well in a few minutes. Money quote: “It’s not us that will suffer, it is your pension fund.” BTW, this was originally broadcast exactly one year ago. Some of you may already have seen this.

(hat tip Sargasso)

Second time as more tragedy

[16:36:17] David Weman skriver: hey, I just thought of something?
[16:36:25] Alex Harrowell skriver: yes?
[16:36:36] David Weman skriver: what’s the difference between realists and neoconservatives?
[16:36:45] Alex Harrowell skriver: tell me
[16:37:20] David Weman skriver: realists are bismarck, neoconservatives are wilhelm II.
[16:37:38] Alex Harrowell skriver: +1
[16:37:59] Alex Harrowell skriver: or worse, Conrad von Hotzendorf * (actually his reported political views are remarkably similar to those of NRO et al)
[16:39:27] Alex Harrowell skriver: what worries me most of all about this is that being Wilhelmine Germany’s enemy was tough, but it was nothing compared to being one of their *allies*