Film review: Gravity (2013) (no spoilers)

I watched the film in its recommended 3D version and it was enjoyable. The film belongs to the genre of disaster films where people are stranded in a remote place because of an unfortunate series of accidents. There is no place more remote than outer space and the set up for this film is when a space shuttle repair mission to the Hubble telescope is bombarded by space debris that causes havoc. [Read more…]

Work-life balance issues are not just for professionals

The question of work-life balance is often posed in the context of professionals trying to juggle careers and family. It is good to be reminded from time to time about the real lives of young people who struggle against great odds to just make ends meet, many of them having to juggle many duties and shoulder responsibilities that the rest of us did not have to think about until we were much older. [Read more…]

Can the government still run without raising the debt ceiling?

I have been trying to understand some of the arcane issues surrounding the way the US government is run and what follows is what I have been able to learn. Take it with a grain of salt since I am neither an economist nor an accountant.

The current debt limit, the maximum amount that the government is allowed to borrow, was raised on May 19, 2013 to $16.70 trillion, which is projected to be reached on October 17, 2013. When the government’s expenditures exceed the amount it has in its checking account, the government is authorized to sell US Treasury notes to raise cash make up the difference provided the total amount does not exceed that limit. [Read more…]

Why is the oligarchy not pushing for reopening the government?

It is no secret that the leadership of the Republican party would like to re-open the government by passing a clean continuing resolution without any other provisions and also to raise the debt-ceiling limit. It is also clear that there are more than enough Republican votes in the House of Representatives to join up with the Democrats to do so. The number of Republicans who refuse to do is lies anywhere from 30 to 80, not small but nowhere near enough to stop this from happening, if the Republican leadership were to bring it to the floor. [Read more…]