Thanks to Wikicommons.

The present economy can be harrowing let alone worrying about the future.  Luckily at The World in 2011 Festival there were economists willing to do the worrying for us.

Alex Pollock, a fellow of the American Enterprise Institute for Public Policy Research, thinks we are living in the wake of three collapsed financial bubbles:

1. Real Estate
2. European Dept
3. Central Bank Confidence

The last broken bubble in confidence is due to a growing concern that the Federal Reserve and other central banks globally are not as omnipotent as everyone believed.  Basically, Wall Street just found out that the Easter Bunny isn’t real.

Due to this Pollock predicts a “bull market in bureaucracy” as governments scramble to regulate problems they perceive in the economy.

Furthermore he doesn’t think these regulations will have much luck at reducing systematic risk in the banking system as

We can’t define it AND we don’t know it when we see it.

But hey the futures not all bad.  Pollock did emphasize that the financial crisis is just waves on the ocean hiding the current of progress underneath.

As our faithful readers may know US Democrazy spend last Saturday investigating the future at The World in 2011 Festival.

At this wonderful event we had the chance to chat with the Executive Editor ofthe Economist magazine, Daniel Franklin.

At this event the voices on the future ranged from a member of Cambodia’s parliament to a US Admiral.  Such a diverse offering made us wonder how the Economist chose its speakers.

Mr. Franklin told USDEmocrazy the event was “all about ideas” and that they sought “original perspectives” and “views”.

The goal of this was to “surprise” and “intrigue” guests by providing ideas “out of their normal zone of interest.”

In spirit of the event we also asked Mr. Franklin what his prediction for 2011 was. He said that

America will be surprised on the upside.

So hey, keep your chin up; Things may not be so bad after all.

If you’re familiar with OneRepublic’s “Apologize“, you’ll recognize the tune ofthis remix.

The lyrics and music video are about the American Revolution, as sung by “TJ and the Revo”.

We don’t know about you, but this is exactly how we always imagined the American Revolution happening.

Q: How long have you been at UMBC?

A:i dont go there haha (like come on!!), I'm usually just hanging out in the d hall though. i stay in there for hours so I can get free meals

Q: What is your current title (job or student organization position)?

A: I run I eat things studios with the guys, and also serve as the head of the new mongul empire which is in the ocean.

Q: In 12 words or less, what role(s) do you play in the studio?

A: super chocolate funk machine: the man.

Q: What aspect of your role(s) do you enjoy most?

A: i like to hang on on st. charles ave with the boys. mike and luis are cool. when im doing my thing on the road i Iike entering into a new city and watching it fall slowly to the ground (slow because the mongul empire is in the ocean). also raping

Q: What is the most important or memorable thing you learned in college/have learned?

A:

Q: Complete this sentence: "I am a big fan of __________"

A: watching the cupcake clan play live (especially at beepsapalooza this spring cant wait) and raping and/or pillaging innocent women and towns

Q: Do you have any UMBC stories, little-known facts about UMBC, favorite spots on campus, or anything else you’d like to share?

A: not really, there isn't much to do around here except drink in your dorms with friends. i usually end up going to college park. also umbc buildings were made with rockets on them so they can like shoot up in the air, this is something that want to be a part of, this is why the umbc community is so strong

Insults, outraged foreign leaders, rape accusation, dirty laundry, record breaking, death threats, international warrant, new web address, man in hiding, and extreme measures.  These are just a few things that have been circulating ….. well, just about everywhere.

Following up on arguably the most controversial and wanted man alive; Julian Assange and his infamous creation; WikiLeaks has shaken the world.

A whistle blower, Assange strongly believes in freedom of information, and that means exposing some rather creative insults dished out by the United States behind close curtains.

*Russian Prime Minister Vladimir Putin was called “the alpha dog.”

**French President Nicolas Sarkozy was called “the emperor with no clothes.”

***North Korea’s former leader Kim Jong Il was called “a flabby old champ.”

There are many more where this came from, at the new web address http:wikileaks.ch, which is a site owned by a Swiss academic network.  “WikiLeaks was forced to change its online address after its original wikileaks.org domain was taken offline by system provider EveryDNS.net, which said WikiLeaks had breached its terms of service.”

But the U.S. is not the only one with secrets.  “Afghanistan’s vice president was caught leaving the country with $52 million dollars in cash.”

Airing all this dirty laundry is bound to get some people in a tizzy, namely the pentagon and state department.  So much so he is being hunted by the U.S. and is exiled from his native country Australia.

And taking it a bit too far, Sarah Palin has stated that

“Assange should be hunted down like Osama bin Laden.”

Mike Huckabee is calling for U.S.  soldier Bradley Manning, “who collaborated with WikiLeaks, to be executed, literally, for treason.”

But that’s not all.  Assange has been receiving some serious death threats by my many people around the globe, including Tom Flanagan, a political science professor.

A more recent revelation, there is an international arrest warrant for Assange issued by Sweden.  He is wanted for questioning against sex allegations and is currently reported to be hiding in the south of England.

And to top everything off, the ever growing 250,000 U.S. diplomatic documents have been officially recognized as the biggest leak in history, “seven times the size of the Iraq war logs.”

Insults, outraged foreign leaders, rape accusation, dirty laundry, record breaking, death threats, international warrant, new web address, man in hiding, and extreme measures.  These are just a few things that have been circulating ….. well, just about everywhere.

Following up on arguably the most controversial and wanted man alive; Julian Assange and his infamous creation; WikiLeaks has shaken the world.

A whistle blower, Assange strongly believes in freedom of information, and that means exposing some rather creative insults dished out by the United States behind close curtains.

*Russian Prime Minister Vladimir Putin was called “the alpha dog.”

**French President Nicolas Sarkozy was called “the emperor with no clothes.”

***North Korea’s former leader Kim Jong Il was called “a flabby old champ.”

There are many more where this came from, at the new web address http:wikileaks.ch, which is a site owned by a Swiss academic network.  “WikiLeaks was forced to change its online address after its original wikileaks.org domain was taken offline by system provider EveryDNS.net, which said WikiLeaks had breached its terms of service.”

But the U.S. is not the only one with secrets.  “Afghanistan’s vice president was caught leaving the country with $52 million dollars in cash.”

Airing all this dirty laundry is bound to get some people in a tizzy, namely the pentagon and state department.  So much so he is being hunted by the U.S. and is exiled from his native country Australia.

And taking it a bit too far, Sarah Palin has stated that

“Assange should be hunted down like Osama bin Laden.”

Mike Huckabee is calling for U.S.  soldier Bradley Manning, “who collaborated with WikiLeaks, to be executed, literally, for treason.”

But that’s not all.  Assange has been receiving some serious death threats by my many people around the globe, including Tom Flanagan, a political science professor.

A more recent revelation, there is an international arrest warrant for Assange issued by Sweden.  He is wanted for questioning against sex allegations and is currently reported to be hiding in the south of England.

And to top everything off, the ever growing 250,000 U.S. diplomatic documents have been officially recognized as the biggest leak in history, “seven times the size of the Iraq war logs.”