Pages

Wednesday, May 18, 2011

Paper Tigers

On the Floor Laughing: Traders Are Having a New Kind of Fun - James Somers - Technology - The Atlantic

On trading.

On the Floor Laughing: Traders Are Having a New Kind of Fun - James Somers - Technology - The Atlantic

On Short-Termism and the Institutionalization of Rentier Capitalism � naked capitalism


An incorrect and high discount rate is responsible for the lack of will to commit to infrastructure investment projects.

On Short-Termism and the Institutionalization of Rentier Capitalism � naked capitalism

Econbrowser: F for Fail

Econbrowser: F for Fail: \
What drives the price of gasoline (it is not just the currency)"

"US GDP
Rest-of-world GDP
Energy intensity of economic activity
Oil production capacity
Cost of production of marginal producer
Nominal interest rates
Inflation rates
Expected price of oil (itself a function of trends in the above factors)
Speculative activities of non-fundamentalist traders
Numeraire issues"

Fresh Tales of Chaos Emerge From Early in Nuclear Crisis - WSJ.com




A"Normal Accident":

Saturday, May 07, 2011

- Glenn Greenwald - Salon.com

How times change


"That four great nations, flushed with victory and stung with injury stay the hand of vengeance and voluntarily submit their captive enemies to the judgment of the law is one of the most significant tributes that Power has ever paid to Reason."



The Osama bin Laden exception - Glenn Greenwald - Salon.com:

Friday, May 06, 2011

The Slippery Slope of Justifying Torture

"As I tried to allude to in my post this morning, torture will always appear to “work” regardless of whether it in fact “works.” �We will attribute any success to it, and any failure to not enough of it. �And thus we will soon find that we are justifying it in all manner of situations."

The Slippery Slope of Justifying Torture — The League of Ordinary Gentlemen:


Fears and Failure

Focus should be on unemployment, not debt.

Fears and Failure - NYTimes.com