Note the word cloud. Bernanke does not care about the unemployed.
And neither does the media who asked questions at the conference.
And Krugman weighs in.
The response from Bernanke.
Friday, April 29, 2011
A Dash of Insight: A New Viewpoint on Bernanke
And Krugman weighs in.
The response from Bernanke.
Thursday, April 28, 2011
Wednesday, April 27, 2011
White House Releases Obama Birth Certificate - WSJ.com
More crazies. Note that there are 2110 comments on this non-issue.
Monday, April 25, 2011
Friday, April 22, 2011
Thursday, April 21, 2011
Wednesday, April 20, 2011
Tuesday, April 19, 2011
Kenyan Runners: Nature or Nurture
Kenyan Runners: Nature or Nurture by Steve Sailer for UPI; Kalenjin, the Running Tribe, steeplechase, altitude, genes, diet, training, Keino: ". The three million Kalenjin make up only one tenth of Kenya's population, and just 1/2,000th of the world's. Yet, these highlanders from the Great Rift Valley win about three-eighths of international men's distance running prizes. Within this region, the half million people of the Nandi district win one fifth of the globe's medals!"
Monday, April 18, 2011
Kenyan Runs Fastest Time Ever in Boston Marathon - WSJ.com
Proof of all the crazies that read the WSJ.
Even a sports article finds a way to criticize Obama.
Classic
Sunday, April 17, 2011
Bronte Capital: Fatal Risk – the must-read book on AIG's failure
Bronte Capital: Fatal Risk – the must-read book on AIG's failure:
Also the problem with MS and many other financial firms.
"if you put a salesman in charge of a financial institution with large reach and allow him to operate with thin risk control then your earnings will go up. And up. And up. At least until they don’t. Martin Sullivan proves that truism."
Saturday, April 16, 2011
Obama's Budget Messages
An interesting insight on the state of political discourse. It really is more like a trial. Politicians are lawyers advocating for their own side.
The Origins of Political Order
Fukuyama's new book
The Confessions of an Inside Trader - WSJ.com
White collar criminals get to cook burgers with their kids...
Friday, April 15, 2011
The culture that is Japan
The Sun Will Rise Again by Yuriko Koike - Project Syndicate: "Bizarrely, the American rock singer Cyndi Lauper’s concerts were just about the only events that weren’t called off."
Best review of Atlas Shrugged
Kung Fu Monkey: Ephemera 2009 (7): "There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs."
Phil Angelides Discusses America's Dual Justice System: One For Wall Street And One For Everyone Else | zero hedge
Phil Angelides Discusses America's Dual Justice System: One For Wall Street And One For Everyone Else | zero hedge:
Why financial crime continues to rise: there is no punishment.
"If someone robs a 7-11, they took $500 and they were able to settle the next day for $50 and no admission of wrongdoing, they'd knock over that 7-11 again."
Thursday, April 14, 2011
Education: Diminishing returns to school | The Economist
Education: Diminishing returns to school | The Economist: ". At the same time, education used to be a lot easier. It's much simpler to teach the median kid to read, write, and do algebra than it is to teach the median kid graduate engineering. And it's much easier to teach the median kid to read, write, and do algebra than it is to teach the underperforming student from a household in the lowest income decile the same thing."
Wednesday, April 13, 2011
The Real Housewives of Wall Street | Rolling Stone Politics
This might have been written for the Onion. How crony capitalism rules America.
And an update
Quote of the day
In Flushing’s Downtown and Waterfront, Developers Dream Big - NYTimes.com:
"“People come from China, and when they look at Flushing, they say, ‘This is the way China was 15 years ago,’�”"
Tuesday, April 12, 2011
Ikea: Workers' complaints surround Ikea's U.S. factory - Los Angeles Times
Pursuing Self-Interest in Harmony With the Laws of the Universe and Contributing to Evolution Is Universally Rewarded
Pursuing Self-Interest in Harmony With the Laws of the Universe and Contributing to Evolution Is Universally Rewarded:
"If you want to understand Bridgewater Associates, the world’s largest and indisputably weirdest hedge fund, you might start with the story of the peas."
Monday, April 11, 2011
Speeches on Deficits, Then and Now | MyFDL
What Obama should say this week.:
We have an empathy deficit when we’re still sending our children down corridors of shame, schools in the forgotten corners of America where the color of your skin still affects the content of your education. We have a deficit when CEOs are making more in ten minutes than ordinary workers are making in an entire year, when families lose their homes so unscrupulous lenders can make a profit, when mothers can’t afford a doctor when their children are stricken with illness. We have a deficit in this country when we have Scooter Libby justice for some and Jena justice for others, when our children see hanging nooses from a school yard tree today, in the present, in the 21st century. We have a deficit when homeless veterans sleep on the streets of our cities, when innocents are slaughtered in the deserts of Darfur, when young Americans serve tour after tour after tour after tour of duty in a war that should have never been authorized and should have never been waged. We have an empathy deficit in this country that has to be closed. We have a deficit when it takes a breach in the levees to reveal the breach in our compassion, when it takes a terrible storm to reveal the hungry that God calls on us to feed, the sick that He calls on us to care for, the least of these that He commands that we treat as our own. So, we have a deficit to close. We have walls, barriers to justice and equality that must come down, and to do this, we know that “unity is the great need of the hour.”
China tells U.S. to quit as human rights judge | Reuters
This is the result of the loss of any remaining moral high ground.
China tells U.S. to quit as human rights judge | Reuters
This is the result of the loss of any remaining moral high ground.
Sunday, April 10, 2011
Saturday, April 09, 2011
From behind bars, Madoff spins his story
FT.com / FT Magazine - From behind bars, Madoff spins his story: "The fact that so much of Madoff’s story is so commonplace on Wall Street – the tax shelters, black boxes and mysterious returns – is what allowed him to go undetected for so long. And this is why Madoff has sent chills through investors at every level. If the most sophisticated minds in finance were easily duped through an elementary scheme run by one of their own, how can anyone with money invested in the modern financial system know who to trust? This bedevilling question is why Madoff cannot be ignored, even as he �languishes in a North Carolina prison."
Friday, April 08, 2011
Thursday, April 07, 2011
Tuesday, April 05, 2011
Libya: Politics of humanitarian intervention - Opinion - Al Jazeera English
Libya: Politics of humanitarian intervention - Opinion - Al Jazeera English:
"The process of implementing the UN resolution on Libya was a poorly executed farce with no long-term foresight"
Economist's View: "About that TFP Stagnation..."
Stagnation is apparent in the non durable sector but not the durable goods sector.
Monday, April 04, 2011
Saturday, April 02, 2011
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