Imperial Infoclast

Run, Bank, Run

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ILINSHEN (UNITED VIRIDIAN STATES) – Six days after the extraordinary near-collapse of the Ubthar Advancement Bank in the most prominent of the recent series of bank runs and its equally extraordinary rescue by Gilea & Company Capital Ventures, ICC, which extended a line of credit equivalent to 168 billion Viridian daal to the struggling bank simultaneous with its purchase of 17% of its equity, the repercussions are still rocking the economic and political status quo of the Viridian States.

While economic instability has become a fact of life in the States in recent months, the failure of a bank so prominent in the technical sector would have raised eyebrows even without transstellar intervention, but the situation was further inflamed four days ago with a press release issued under the seal of Móes Cheraelar-ith-Cheraelar, Chief Capital Officer for G&C Capital Ventures – rather than, as might be expected, that of the Cinti Xi VPO. In this release, Móes Cheraelar specifically attributed the bank runs in general and the collapse of UAB in particular to “misinformation concerning industry practices and bank liquidity being deliberately propagated by public, media, and governmental figures to the severe detriment of financial stability”, accompanied by detailed semantic analyses of various examples, and warned that the Hidden Cog would undoubtedly take such measures as it deemed necessary to preserve fiscal integrity. The press release specifically named Senator Eryl Torrad (Equilibrium/Erayshen-ro-Dine) as a source of “innuendo, allegation, and distortion without regard for truth, honor, or decency” which led directly to the run on the UAB.

While praised by a number of analysts, that a transstellar based outside the States, even one of the Big 26, should so directly criticize local politics has proven controversial. The situation, however, has escalated further with the news having reached Ilinshen yesterday that G&C Capital Ventures have filed a petition with the Court of Trade and Commerce requesting that they apply the extraordinary sanction of judicial incredibility to Senator Torrad.

The granting of such a petition by the Court is extremely unlikely, inasmuch as judicial incredibility – the legal declaration that a given person is “not to be believed upon any topic” – is a legal archaism that has not been applied for over seven millennia, and it would, in any case, only be of legal effect within the Imperial territorial volume. Nonetheless, the petition appears to be having its intended effect in the Court of Public Opinion, with the Equilibrium Party moving quickly to deprive Senator Torrad of her committee posts, even those unrelated to financial matters. Equilibriate spokesmen ascribed this to the trouble, even without an official finding of incredibility, the Senator would have in interacting with the many Imperial or Empire-proximal interests relevant to such positions, but it is generally accepted among pundits that the party and President Nallen’s administration are engaging in damage control.

Ambassador Rithan-ishi-Dellia declined to comment on the matter, citing the impropriety of commenting on legal matters which remained sub judice and the Imperial Diplomatic Corps policy of refraining from involvement in purely commercial affairs. Cheraelar & Orthodox, the primary market rating agency for large institutions (including polities) in the Cinti Xi constellation has made no comment at this time.

– from the Imperial Infoclast

Moments in History (3)

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Red Planet, Blue Sky?

The news on everyone’s lips today here in Orbitfall, as well as back home, is the televised deployment of the new soletta array here in Talentar orbit. While not the first step taken, the soletta is the first tangible result of the comprehensive ecopoesis program announced last year by the Spaceflight Initiative, Project Redblossom, which will allow eldrae to walk on the blue-green surface of lowland Talentar without respirators within three centuries. Present with the project lead and the colonial legate at the unfolding ceremony today were representatives from several of the Empire’s constituent nations most represented in the Spaceflight Initiative, and from the newly formed Orbital-Seléne Alliance.

The soletta array is the first and principal orbital mirror in an array which will be deployed in synchronous orbit, reflecting the suns’ light as part of the ongoing effort to warm the planet. Smaller mirrors will also be deployed for use in melting the planet’s surface rock and liberating some of Talentar’s hidden water, presently locked in frozen aquifers.

But not everyone is happy with the ecopoesis program. Diplomatic protests have been lodged by the Cerenaith Alliance, both here and back home, citing lack of consultation and concerns with the potential use of the mirrors as orbital battle platforms. I spoke to one of Project Redblossom’s senior engineers:

“Seriously? If they’re going to complain about the mirrors, what are they going to do when the ice asteroids get here? Lyricen Lacus isn’t going to carve itself, much less fill — this is off the record, yes?”

– from the Imperial Infoclast, summer 2273

An Alternative View

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“We are, of course, exactly the existential threat that the Republic deems us to be. Not in the manner they, for the most part, believe, but an existential threat nonetheless.

“It is easy for us to forget, since neither do fish think of water nor yet birds of the sky, that we dwell within a society founded upon a miracle. I refer, of course, to the Transcend. By the formation of this superorganism, with unprecedented cooperation, genius, and not least a healthy dose of good fortune, rumors aside, we have squared an impossible circle. We enjoy, simultaneously, perfect liberty and perfect coordination – or as asymptotic an approach to it as an ever-growing Cirys swarm of computational elements can achieve.

“What is the danger in this? None, for us. We dwell within the garden of our god-selves, where all is fair, glad, and wise.

“The danger for others, though, is this: success inspires emulation. By those, perhaps, without access to the cooperation, or to the genius, or to the alignment of random factors. The optimum we stand atop is a narrow pinnacle. One step here, and you have instead a rabble with superempowering technologies. One step there, and all choice is sacrificed on the altar of utility. A misstep at any point in the climb, in the absence of the Coricál Consensus, and that civilization ends in hedonium, or false-maximizers, or hegemonizing swarms, or other blight.

“Ordinarily, few sophonts would consider such high-risk activities; but few high-risk activities have the appeal of Utopia.

“We pride ourselves that we harm none; but our example may teach many self-destruction.”

– Antinomian Thoughts column, the Imperial Infoclast

Headlines: A Day in the Worlds

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The Imperial Infoclast
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EMPIRE

Sidar Colony Celebrates Ecopoesis Bicentennial
The Sidar Colony in the Principalities will celebrate the 288th anniversary of the initiation of its ecopoesis program next month, with a series of low-lying valleys being opened to habitation for the first time by unmodified colonists.

Eleven Temporarily Killed In Solar Sailing Accident
This year’s Meridia Cup ends in tragedy as an unpredicted coronal mass ejection wrecks five of the competing solar sailers.

WORLDS

Presidium Condemns Trikhad Conquest
The Presidium of the Conclave has unanimously condemned the military expansion program of the Trikhad Conquest in the Tanion Wilds. Sources close to the Presidium suggest that containment action may be in preparation.

Piracy Again Rising In Dark Sea Constellation
Unusual shipping movements around the ruins of Litash may indicate a rebirth of the pirate syndicates that once controlled the area, INI warns.

Republic Delegation Protests Uncontrolled Exports, Smuggling
In a now annual tradition, a delegation from the Voniensa Republic protested the uncontrolled filtration of technologies and other artifacts across their border with the Associated Worlds. The protest was heard by the Conclave, who expressed sympathy but regretted once again that the situation was beyond their power to address.

BUSINESS

A Probable Discovery, or A Probable Bubble?
Shares in Probable Technology, ICC (ticker: PROBL) jumped 21 points on the Seranth Exchange today based on unconfirmed rumors that their relativistic xenoarchaeological expedition beyond the rimward Periphery has reported a major find. While the company itself has refused to comment on the rumors, many usually knowledgeable investors seem unusually bullish on this stock today.

ENTERTAINMENT

Anticipation Rises As Aelaviel Fashion Show Opens
Expectations are high on Seranth this week as the 187th Aelaviel Fashion Show opens in Mer Dinévál, especially since last week’s leaked news that several major fashion houses have contracted vector control engineers and swarm roboticists. Join the Infoclast’s memeweaves for real-time, on-the-spot, full-sensory reporting!

“Ah, Yes, The People”, Triumphs, Flops
As expected by most critics, the palace farce which mercilessly satirizes galactic politicians from core to rim, while a runaway success in the Accord’s most notoriously libertist polities, freesoil worlds and independent drifts, proved unpopular elsewhere.  Nevertheless, after pulling in 3.9 billion exvals in its opening week, the producers are laughing all the way to the bank.

TECHNOLOGY

Cognitech, ICC Announces Breakthrough In Bulk Mnemonesis
New advances in axiom feeds and neural imprinting may double the speed of synthetic learning.

OPINION

Point: It’s Time To Crush The Militarists
“The recent expansionism by the Trikhad Conquest only goes to reinforce that we, as the responsible members of galactic civilization, simply can’t afford to let these dangerous idiots and the rest of the Interstellar League of Tribal Chiefdoms run around loose.”  Cail Amanyr-ith-Velcyr, doyen of the belligerati, makes the case for preemptive action to prevent the wars that always seem to accompany the introduction of certain types of society to the galactic neighborhood.