Nurse Outduels IRS Over M.B.A. Tuition Wall Street Journal (hat tip reader Skippy). I wish her victory involved a more worthwhile degree.
Melbourne Swelters Through Hottest Night in a Century Bloomberg
How many more AIDS deaths? Lancet (hat tip reader Michael T)
New Money Satyajit Das
Bubble warning The Economist (hat tip reader Steve V). In case you missed it, the Economist is already calling a bubble…Ritholtz thinks this is contrarian, when in fact the last time the Economist was early. It pointed to the existence of a global housing bubble (without saying its demise was imminent) in June 2005.
Controversial research behind commodity rules: John Kemp Reuters (hat tip reader Michael)
China’s ‘black jails’ shove complaints into the dark Los Angeles Times (hat tip DoctoRx)
Component shortages set to push up computer costs Financial Times
3D technology finally hits the adult film industry Raw Story (hat tip reader John D). Gee, the adult entertainment business is usually early to implement new tech. What happened?
Yield curve can’t drive profits if banks won’t lend Rolfe Winkler
Not a Positive Economic Picture Michael Panzner
A Simple Model of Trading and Pricing Risky Assets Under Ambiguity: Any Lessons for Policy-Makers? Massimo Guidolin and Francesca Rinaldi, St. Louis Fed (hat tip reader DoctoRx). Um, I think this is what Keynes called a change in liquidity preferences in his General Theory.
The Bonus Boom Mother Jones
Antidote du jour:
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Ritholtz thinks this is contrarian
No… read his comments again.
Banks aren’t lending much outside of govt-guaranteed mortgages etc. because the creditworthy companies and individuals have lots of cash and there is so much spare capacity that growth opportunities are slim.
I would also argue w Rolfe about the certainty that rates have nowhere to go but up. One would have made that assumption in Japan in the 1990s, and here we are many years later, still waiting . . .
The adult industry is innovative, but only adopts a technology that works well.
//3D technology finally hits the adult film industry//
3D in porn – honestly that’s the beginning of the end for mankind. What’s more, ultrarealistic sex simulator for Playstation 6 is going to wipe out the humanity from the face of the earth.
“3D in porn – honestly that’s the beginning of the end for mankind. What’s more, ultrarealistic sex simulator for Playstation 6 is going to wipe out the humanity from the face of the earth.”
Not sure about that. I have a Russian jewish friend who keeps insisting that the best solution to the Arab-Isreali conflict is to open a major red light district in Sinai/Gaza/…
Could link to MoJo. I think everyone should subscribe to Mother Jones or at the least, buy the current issue Too Big to Jail, AMAZING AMAZING info re Wall Street in the current issue.
“[the Economist] pointed to the existence of a global housing bubble (without saying its demise was imminent) in June 2005.”
Sooner, actually. It first raised the topic with a “House of Cards” cover story in May 2003.
Trusting AIDS mortality numbers from the western AIDS establishment is like having full faith in the economic indicators from the BLS.
The intellectually suspect AIDS hypothesis (that HIV causes AIDS) has been propped up again and again by *adding* diseases to the AIDS diagnosis over the years, making it more and more inclusive, capped by making a low T-Cell count plus HIV+ status an AIDS diagnosis, even in symptom-free patients. The HIV hypothesis has failed to be predictive of mortality numbers time and time again, and this latest revision will surely prove no exception.
I’m looking forward to seeing House of Numbers (http://www.houseofnumbers.com/) which is getting a reasonably wide release later this month. In it, the leading lights of AIDS science all apparently contradict each other radically. The marquee moment is when the French scientist credited with discovering HIV, Luc Montagnier, responding to question about African AIDS, asserts you can fight off HIV repeatedly:
http://www.youtube.com/v/WQoNW7lOnT4
Luc Montagnier: http://en.wikipedia.org/wiki/Luc_Montagnier
Jesus Christ, seriously? AIDS deniers? What’s next, holocaust deniers? The NC comments section could really use a purge..
So this bird in the photo would appear to be self-aware as it seems to recognize itself or one of its kind in the mirror?
Jojo, this bird needs to be given the red-dot test.
“red-dot test”. You want to find out if it’s a Hindu?
Re the Economist piece, although it uses some language like “something has got to give” which I have recently used and predicts a bubble which many of us have been discussing as an ongoing, not future, event, I have to say it somehow misses the point. I think it is the unstated assumption that the system is basically sound but is going through a bad patch. This is very different from viewing it as pathological. The article basically assumes that the casino is a viable concept. It does not understand that the casino needs to be closed.
How about a more worthwhile institution… U of Phoenix? really???!
“Jesus Christ, seriously? AIDS deniers? What’s next, holocaust deniers? The NC comments section could really use a purge..”
AIDS deniers (actually HIV deniers) are more like climate change deniers than holocaust deniers, in the sense that corners really do seem to have been cut in rushing out the dominant theory, and there is some data backing up the denialist claims.
The main difference is that there are quite a few powerful industries which would be negatively impacted by environmentaly regulations designed to combat climate change, and they provide a source of funding for the climate change deniers, while its hard to see who makes money if the HIV deniers got more of a hearing.
I used to have a big ol’ tom turkey that used to stare at himself in the bumper of my truck.
We’d stare for hours.
what happened to i on the ball patriot?
I really appreciated the way he cut through all the superficial bullshit . . . especially when I was watching that white-wine-and-brie-cheese video yesterday with Posen or Rosen or what’s his name, who’s apparently been on every committee ever formed in the financial industry — based on his introduction — and the economist from New Deal 2.0 — who’s work I like == but then watching those guys, and that Posen guy especially, talking about abstract structures and quantifications, gently and with the polite smiles of speechmakers being interviewed by high brow lectern standers with all the muffled sounds of the microphone ever so gently. Ever so gently. All the bookish audience, listening with their ears all stuffed with quiet words of logic and sensible explanations and recommendations for preventing something or other again.
And all the while == just down the street and around the corner — people are being financially murdered, their faces ripped off, their guts shot out, their lives destroyed, their sacred honor smeared with their own money blood into the ground they came from. Their savings stolen by gutter-slut-money-sleazbags, their children’s futures destroyed/ But no, we can’t get upset can we? We have to keep it academic.
The economist was a bit more fed up, it seemed to me. But maybe he was just having a bad hair day.
When I see this stuff I wonder. If somebody pulled your mother out the front door of her house and beat her silly with a two by four, until blood was coming out her nose, until her face was black and blue, until her eyes were puffed shut, red and swollen scars of pain. And she was crying and crying, and she had no idea what was going on, or why. And then the person with the two by four said, “Oh well, the system, you know.”
What would you do?
That’s a hard question to answer.
But it’s not something I think I could talk about with a big smug smile on my face and a Sunday talk show demenor.
But then, I’m not a politician or an economist.
I on the ball got in a big fight with Ed Harrison and seems to have decamped. :-(
YS-
Terrorism is not the only offence used to excuse destroying civil liberties. Sex offenders, particularly child molesters, are the other excuse:
http://www.latimes.com/news/nation-and-world/la-na-court-sex-offender13-2010jan13,0,2108677.story