This week’s essay of the week is “A Tale Of Two Depressions” by Barry Eichengreen and Kevin H. O’Rourke. It is a very interesting essay, but one has to wonder at their claim that the policy response this time around has been better. The evidence from their own essay does not seem to support that idea at this time.
Where is Andrew Jackson when you need him? He would have said “The Court has made it’s decision, now let them carry it out”
So torture is all right as long as you have a court warrant? It seems to me that if this was done to extract a confession everyone on the left would be screaming bloody murder.
If this goes through, it might help New York pension’s problems. But one has to note that the only way problems can be addressed in this country is by making future generations pay. Never are the people who caused the problem called upon to make sacrifices.
Remember the Stress Tests that banks were forced to undergo? Don’t listen to the people hammering on Felix’s in the comment section. His basic point is right on. Calculated Risk has the details if you want the nerdy version.
A detailed meteorological analysis of the weather the brought the Air France plane down. Very nerdy, but the comment section is very interesting.
In the long run, regime change does not change much. Either for good or for ill.
How many cars does America need?
If we can’t do illegal things, we will go bankrupt.
The man behind the remaking of the car industry does not know anything about manufacturing.
Drink milk if you have really worked your muscles. Chocolate milk if you really need an energy boost.
This week’s poem of the week is Vivien’s Song by Lord Tennyson. It will help you to understand why we choose it as poem of the week if you remember that Vivien’s goal in Lord Tennyson account was to trick and betray Merlin.
Projected 10 percent increase in property taxes because of the stock market downturn. And New York State has the reputation of having one of the better run pension plans.
Not that reputation necessarily means much. People use to think that Harvard had a really well run endowment.
On the other hand, some reputations keep getting confirmed all the time. Products from China can hurt you in ways you never would have dreamed of.
A bunch of graphs that will show you how the economy is doing. If your not really interested in the housing industry scroll down to the middle of the post. That is where the broader economic measures start.