This highly recommended article is now freely available.

The dot-com crash of the early 2000s should have been followed by decades of soul-searching; instead, even before the old bubble had fully deflated, a new mania began to take hold on the foundation of our long-standing American faith that the wide expansion of home ownership can produce social harmony and national economic well-being. Spurred by the actions of the Federal Reserve, financed by exotic credit derivatives and debt securitiztion, an already massive real estate sales-and-marketing program expanded to include the desperate issuance of mortgages to the poor and feckless, compounding their troubles and ours.

That the Internet and housing hyperinflations transpired within a period of ten years, each creating trillions of dollars in fake wealth, is, I believe, only the beginning. There will and must be many more such booms, for without them the economy of the United States can no longer function. The bubble cycle has replaced the business cycle.

The Next Bubble, by Eric Janszen | Harper's, February 2008

Stanford Law School Professor and former Wired magazine columnist Larry Lessig said Tuesday that he's considering a bid to take over the late Rep. Tom Lantos' D-Calif.'s congressional seat.

He's given himself a March 1 deadline to make the decision.

Stanford Law Professor Larry Lessig Explores A Bid for Congress | Threat Level from Wired.com

Just hours after a Navy missile interceptor struck a dying spy satellite orbiting 130 miles over the Pacific Ocean, a senior military officer expressed high confidence early Thursday that a tank filled with toxic rocket fuel had been breached.

Pentagon Is Confident Missile Hit Satellite Tank - New York Times

Today, the Electronic Frontier Foundation and Asian Law Caucus, two civil liberties groups in San Francisco, plan to file a lawsuit to force the government to disclose its policies on border searches, including which rules govern the seizing and copying of the contents of electronic devices. They also want to know the boundaries for asking travelers about their political views, religious practices and other activities potentially protected by the First Amendment. The question of whether border agents have a right to search electronic devices at all without suspicion of a crime is already under review in the federal courts.

The lawsuit was inspired by two dozen cases, 15 of which involved searches of cellphones, laptops, MP3 players and other electronics. Almost all involved travelers of Muslim, Middle Eastern or South Asian background, many of whom, including Mango and the tech engineer, said they are concerned they were singled out because of racial or religious profiling.

Clarity Sought on Electronics Searches - washingtonpost.com

Many people say that allowing illegal aliens to obtain state driver's licenses helps them and encourages them to remain illegally in this country. Michigan Attorney General Mike Cox late last year issued an opinion that licenses could be issued only to legal state residents, calling it "one more tool in our initiative to bolster Michigan's border and document security."

In reality, we are a much more secure nation if we do issue driver's licenses and/or state IDs to every resident who applies, regardless of immigration status. Issuing them doesn't make us any less secure, and refusing puts us at risk.

Schneier on Security: Giving Drivers Licenses to Illegal Immigrants

In the category of things that sound so good they have to be checked out more thoroughly (so stay tuned) is this news out of Los Alamos National Laboratory:

Scientists there say they have developed a way to produce truly carbon-neutral fuel and useful organic chemicals at large scale using water and carbon dioxide removed from the air as raw materials. There are plenty of schemes brewing to capture carbon dioxide, both directly from the atmosphere and from the stacks of power plants. All of them, for the moment, are costly or hard to envision at the billion-tons-a-year scale that would be needed to blunt the buildup of carbon dioxide in the atmosphere coming mainly from fuel burning.

Federal Lab Says It Can Harvest Fuel from Air (With a Catch) - Dot Earth - Climate Change and Sustainability - New York Times Blog

Almost all biofuels used today cause more greenhouse gas emissions than conventional fuels if the full emissions costs of producing these “green” fuels are taken into account, two studies being published Thursday have concluded.

The benefits of biofuels have come under increasing attack in recent months, as scientists took a closer look at the global environmental cost of their production. These latest studies, published in the prestigious journal Science, are likely to add to the controversy.

These studies for the first time take a detailed, comprehensive look at the emissions effects of the huge amount of natural land that is being converted to cropland globally to support biofuels development.

Biofuels Deemed a Greenhouse Threat - New York Times

Mr. Mohammed was the last of about 500 Indians whose kidneys were removed by a team of doctors running an illegal transplant operation, supplying kidneys to rich Indians and foreigners, police officials said. A few hours after his operation last Thursday, the police raided the clinic and moved him to a government hospital.

Many of the donors were day laborers, like Mr. Mohammed, picked up from the streets with the offer of work, driven to a well-equipped private clinic, and duped or forced at gunpoint to undergo operations. Others were bicycle rickshaw drivers and impoverished farmers who were persuaded to sell their organs, which is illegal in India.

Although several kidney rings have been exposed in India in recent years, the police said the scale of this one was unprecedented. Four doctors, five nurses, 20 paramedics, three private hospitals, 10 pathology clinics and five diagnostic centers were involved, Mohinder Lal, the police officer in charge of the investigation, said.

“We suspect around 400 or 500 kidney transplants were done by these doctors over the last nine years,” Mr. Lal, the Gurgaon police commissioner, said.

Kidney Thefts Shock India - New York Times

WITH its brass-trimmed halogen heating elements, glass globes and bamboo paddles, the new contraption that is to begin making coffee this week at the Blue Bottle Café here looks like a machine from a Jules Verne novel, a 19th-century vision of the future.

Called a siphon bar, it was imported from Japan at a total cost of more than $20,000. The cafe has the only halogen-powered model in the United States, and getting it here required years of elliptical discussions with its importer, Jay Egami of the Ueshima Coffee Company.

“If you just want equipment you’re not ready,” Mr. Egami said in an interview. But, he added, James Freeman, the owner of the cafe, is different: “He’s invested time. He’s invested interest. He is ready.”

At Last, a $20,000 Cup of Coffee - New York Times

And, for some of my aeronautically knowledgeable friends, it was deja vu all over again. Like: “where have we seen this before?” It was downright ghostly:

Take a look at this design – circa 1979 or so – from the Russian Myasishchev Design Bureau as modeled by aerospace scholar Alex Panchenko:

LiveScience.com Blogs » Blog Archive » Space Ship Two: Eerily Familiar…