Friday, September 21, 2007

On Securitization

Recent market turmoil has some people rethinking securitization. Leaving aside the fact that the genie cannot be put back in the bottle, it is also true that no large institution has suffered major losses and the losses were spread out.

The Independent differs. And the Economist is cynical as well.

More schadenfreude

Hedge Funds | HedgeWorld | The Definitive Hedge Fund Community

Tuesday, September 18, 2007

Work versus Leisure

So this is what I am thinking about...

YouNotSneaky!: Do Americans work more because of status concerns? Maybe, but in all honesty, it's hard to tell

China's Pollution is a problem

I lived in Pittsburgh in the early sixties. I have seen the cycle that Becker refers to.
The current chapter in my chinese textbook, which is printed in China, discusses the issues of
保护环境 (protecting the environment). The Chinese domestically care very much about this.

The Becker-Posner Blog: China's Air Pollution-Becker