Links For Today

Remember all those highly educated Chinese who were going to crush us lazy Americans? Really it was a secret American plot to destroy China by exporting our ridiculous obsession with college education.

Air Force is determined to bankrupt the country. The jury may still be out on whether automated landing systems really work better. But it has already been proven that non-pilots can do a perfectly fine job piloting drones and yet the Air Force still insists on using expensively trained pilots.

Ground zero for the swine flu? Sounds like a lovely place.

Links for today

The end of the tax free internet. You knew it was going to happen.

People are rushing to make fun of Stardock’s latest problems. They claim it is all because Stardock does not use copy protection. You would think that no company that had copy protection had ever had problems getting its multiplayer support off the ground before.

Vinyl Flooring Linked to Autism. I am a bit dubious myself. I have seen just about everything linked to autism. When a problem has been increasing in prevalence (like Autism has been), it is easy to fall into the trap of mistaking correlation for a causation.

Links for Today

An account of a successful American ambush in Afghanistan. Cometary from professionals can be found in the comment section here.

My question: What is up with using an F-15 to chase down a few fleeing men? I am starting to believing those people who are arguing that America is using air power indiscriminately. I can understand mistakes and collateral damage, but throwing a 500 pound bomb at every fool with a AK-47 seems counter productive.

More games from Citigroup. Somehow, we think we can construct a recovery on lies.

Suicides on the rise in India and Japan.

The Games Never Stop

From Macro Man….

Meanwhile, back in the US, Goldman recorded super earnings in the first part of the current fiscal year, announcing Q1 earnings of $3.39 per share, well above the consensus expectation of $1.64. Except that they didn’t. Buried in the small print, it appears that as the Easter Bunny was delivering candy and eggs to children all over the world, he also desposited a small turd in the GS income statement. In December, which magically falls outside the aegis of any reporting period (falling through the cracks, as it were, in the transition from investment bank to bank holding company) , the firm lost $2.15 per share. Add that to the Q1 earnings figure, and you get a result that is comfortably lower than consensus.