From the coolest possibly-corporate-espionage story of the week: If only the FBI were to tackle cases of national security and loss of life with the same speed and precision as they confront presumed high-frequency program trading industrial espionage cases… especially those that allegedly involve Goldman Sachs. The original is from Reuters.
Given that Kajagoogoo is reforming this year, that is the only possible conclusion from this so far best reaction to the news out of Alaska.
After my previous posts on Georgia, it seems only fair to note the bank closings in Illinois today. There have been 13 bank closings posted (as of right now, about 6:50pm) in the state of Illinois since last March. That alone is significant—but, even more interesting, six of them occurred today. This exceeds the previous […]
John Quiggin makes the broad case (link fixed). If you are then stuck with trying to present a Grand Unified Field Theory, you will inevitably lose (or, at best, reduce) the importance of all the agglomerations that follow from the presumption that the Rational Actor is the mean performer—ignoring that no one, including the economists […]
should read Sensible Centrist J. Bradford DeLong on the difference in forecasting between the current Administration and the CEA under N. Gregory Mankiw. Romer/Bernstein/Kreuger et al., 2008-9 edition: As I understand matters, last December the median private-sector forecast had the unemployment rate topping out at 9% in the second half of 2009. The incoming Obama […]
Candian Bacon (certainly Michael Moore’s best work of fiction), starring John Candy So I Married an Axe Murderer / Mike Meyers Airplane! / Leslie Nielsen Chain Reaction / Keanu Bright Lights, Big City / Michael J. Fox (who has no Elvis in him, but does good work) I think they’re trying to convince everyone to […]
Being a seven-hour drive away, I don’t have as much direct knowledge of the NYC economy as I did a year or so ago. So I have to rely on Different Metrics. Here is one DrektheUninteresting (see #6) (of Scatterplot and Total Drek fame) will love, when he resurfaces. For those who want a contemporary […]
CATO was making much hay a few days ago about budget problems in California, New York, and New Jersey, which can be explained, respectively, by the Governor’s veto of an Assembly-passed budget a few months ago, the decline in tax revenues from financial services firms and continuing loss of upstate industry, and underfunded pension obligations […]
I subscribe to too many RSS blog feeds. So everyone once in a while one pops up and I think, “Should I drop this”? And so it is with Evolutionary Economics, which occasionally seems like a self-parody of what would happen if you recited Economics 101 cant with an added, even-less-scientific, “evolutionary psychology” glean to […]
Tina at Scatterplot Explains It All to You (now in paperback).