Shocker, free money is hurting rather then helping.
This law only applies if you are small. The ironic part is that it was meant to help the little guy.
Still looking for that magic cure. How is this going to fix the fact that they are an aging nation?
Cooling climate bad for food prices.
And speaking of food prices, a friendly little reminder.
Governments that can’t spend money in a rational manner can’t save money in a rational manner.
Speaking of which, here are some interesting facts on California’s budget.
And coming soon to a country near you is this. More rational then letting criminals go but it is not going to be pretty.
On a lighter note, engineers and their toys.
Macro Man has some interesting facts on China’s buying spree. Note that even though China’s oil supplies are only back to trend they are probably still stocking up. Judging by their electrical consumption, their use of oil should be way down instead of an ever upwards trend line.
Update on California’s problems. More from Calculated Risk.
Good food is very important. But 3 cooks who each make a $160,000 a year seems a little excessive for one submarine. Reading between the lines, the sub was poorly designed and they are trying to fix that by throwing money at the problem.
A hobbit like house. Worth checking out if you want to do things on the cheap.
Another perspective on “March 14” victory in Lebanon.
Its smarter then buying dollars. But will it end well?
It is something of a surprise to see Robert Reich coming out against the bail out of General Motors. But he makes a fair case that bailing out General Motors does not advance liberal ideals, much less conservative ones.
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.