Audax Australia
This is the umbrella organisation running long distance cycling events in Australia Their website includes a calendar of events.

A place where cyclist can keep track of their mileage and any number of other statistics, as well as an attached forum.

A set of discussion forums covering almost every conceivable cycling related topic.

Cycling Adventurer
The Cycling Adventurer has tossed in the structured life of an urbanite to explore the world by bicycle. A well-written site detailing how he came to cycling, and what he learned along the way.

Crazy Guy on a Bike

Bicycle touring journals from all over the world, including a couple of my own.

Johns Cycles

This is my LBS on the Gold Coast. While they cater more to the racing market, their service, advice and workmanship is the best on the coast.

St Kilda Cycles

Importers of all manner of things hard to find in Australia, including the legendary Schmidt hub dynamo & E6 lights.


Wonderings and wanderings out and about in Portland, Oregon, US

The Journey
The journey begins in Perth, Western Australia.

Lance Notstrong
The "other" Lance!

Ms Mittens
The Wired Cat on-line

Iron Gambit

Aussie Writer and Cycletourist
A blog chronicling the writing and cycling of a seaside baby boomer.

Up in Alaska
Jill's subarctic journal about ice, bears and distant dreams of the midnight sun.

The Kin Chronicles
Taking mediocrity to a new level of ordinary.

Riding and running with a vengeance.

London Cycling Diary
Pedalling across the capital since August 2005.

CouchPilot-2-BikePilot (Zin's cycling blog)
Living an adventurous life with Type-2-Diabetes.

The adventures of Crazy Biker Chick
... Including cycling, adventuring, cooking, knitting and ranting.

Redneck Espanol
The two wheeled Spanish redneck.

Treadly and me
"Work is something I do between riding my bicycle".

Womanist philosophy and theology. Cycling, climbing, art, single-motherhood and fire-twirling.

Adrian Fitch's random rambling.
A bit about cycling, a bit about genealogy, a bit about radio but mostly a lot about nothing at all.

Geo's big adventure
The life and times of Geo.

It's about the bike
Musings on the cycling life.

Various cycling tidbits.

Industry Outsider
A blog about bikes and stuff.

Tweed Coast Treadly
An old man's bicycle riding diary.

A cyclist's life in Tenerife
(Canary Islands).

Bike to work to live to bike
It's never too late to get back on the bike

Stupid Hurts
Just the random scribblings of a guy with a bicycle

I'm not drunk enough for this
Really, I'm not.

What can I say? Just read it.

Mozam's cycling adventures
A random collection of the things I like to do most, and mostly that is to ride my bikes, bicycles that is... My musings from competitive riding, long distance endurance to puttering around the neighborhood..

More cycling blogs

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Monday, November 03, 2008

Tosspot of the week (again)

It's a new week, so I can add a new tosspot. They seem to be coming thick and fast at the moment. (warning: this post is more than a little off-topic). It may be unkind of me to pour scorn on a poor, down-trodden American financial institution which, in a time of need, in a time when they were struggling so badly they had to be bailed out by the US government to the tune of billions of dollars, they could still find the generosity to pay the entire hand-out they received to their directors (i.e. the ones who got them in the sh!t to start with) in the form of "bonuses". It was an act of extreme kindness, although some would call it an act of extreme stupidity.

While it might be unkind to pour scorn on Goldman-Sachs for this, I'm going to do it anyway. Note to financial regulators all over the world (because I know they're all poring over these words as soon as they leave my keyboard): This is why the bail out didn't work and has done nothing to prop-up financial markets. Cutting through all the "the world is going to end" rhetoric that came from financial "regulators" to justify bailing out these institutions, there was one fundamental fact that everyone ignored.

These financial institutions got into trouble as a result of their own poor decisions. In basic terms, the problems arose because these institutions borrowed too much to on-lend to borrowers who simply weren't qualified to borrow as heavily as they did. Yes, that's an oversimplification, but it cuts right to the heart of the problem -- investing in debt to make risky "investments" in order to chase a few extra dollars. And now we have the people who made the poor decisions being rewarded with money that was supposedly going to shore-up the financial system and protect the savings of investors. And yet, there are still people who wonder why financial markets didn't recover as soon as this happened.

If anybody really wants to see stability restored to the markets, the first thing that needs to happen is for regulations and safeguards to be put in place to ensure this sort of reckless profit chasing doesn't happen again -- and a good start would have been attaching a few conditions to the multi-billion dollar handouts, such as limiting the percentage of their financing that can come from debt, and ensuring that incompetent fools aren't rewarded for f*cking up. After all, an unemployed person on welfare is still expected to look for a job to get their handout, and their demands are much smaller. The tosspots are truly running the asylum this week.


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