I have been working too much overtime to keep up with my favorite blogs. But I did manage to catch the post by Tyler Cowen on Bryan Caplan’s summarization of his next book. The post still kept my mind occupied during a long night of plowing snow. Two lines from the post in particular stuck Click Here to continue reading.
Felix Salmon is one of those people who do not think that the busting of real estate bubble is going to amount to anything. In this post he rips into a New York Times article that suggests that a crisis looms in the market for mortgages. Most of Felix’s gripe against the New York Time’s Click Here to continue reading.
In the comments to a post in Calculated Risk, I found a link to this chart at OC Register. It purports to show the subprime’s regional share of home-buying mortgages. I say purports because it is drawn from a database that only holds 50 percent of all subprime loans and 80 percent of traditional mortgages Click Here to continue reading.
In an earlier post I already mentioned an article by Stuart Staniford that made me think this might be the case. Since then the debate has moved forward. A man by the name of Euan Mearns responded with a well written article of his own that was critical of Staniford’s methodology.
While I appreciated Click Here to continue reading.
For a depressing read look at this article in the New Yorker on whether the US can be made safe from nuclear terrorism. The answer is no.
That answer will surprise no one of course, but I was surprised to learn that a load of bananas were easier to detect with radiation detectors then Uranium. Click Here to continue reading.
This is from Bloomberg…..
Goldman Sachs Group Inc., Merrill Lynch & Co. and Morgan Stanley, which earned a record $24.5 billion in 2006, suddenly have become so speculative that their own traders are valuing the three biggest securities firms as barely more creditworthy than junk bonds.
I don’t know why people aren’t making a bigger deal out Click Here to continue reading.
I doubt you will ever see that as a headline in any British Newspaper. But if the various blogs put out by members of the British police are any guide, my post title is not too far from the truth. The British police are a very frustrated bunch.
For a good example of what I Click Here to continue reading.
One of the great struggles of my life is the attempt to escape tribal thinking. To a large extent, I think it is natural for people to think “my country, right or wrong.” But the idea that my team is above all encompasses more then just the idea of country. We forgive things in ideological Click Here to continue reading.
HT American Digest
The M16 has a reputation for being unreliable. So does the M4. The standard army line is that if you properly maintain the M16 and M4 you will not have any problems. In other words, it’s all the soldiers fault.
This is ridicules. It is one thing to expect a solider to maintain his weapon Click Here to continue reading.