Is there a way to see what activity iPhoto is doing with Flickr?

Is there a way to see what activity iPhoto is doing with Flickr?

Is there any way to see what activity is going on in iPhoto behind the
scenes? Below is what I am seeing on OS X 10.8/iPhoto 11 (the arrows are
spinning.)
I'm guessing iPhoto is updating Flickr or being updated by Flickr, I'd
just like to know what is going on and I can't seem to find any "show
status" option.