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Archive for December, 2008

Opposite Day

I…agree…with…Justice Thomas.  I will now light myself on fire.

http://www.nytimes.com/2008/12/16/business/16bizcourt.html

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More Madoff

Hard to tell who the bad guys are in this story.  Not sure the guy realizes that his wife’s family – the folks who think they lost $30mm – are the persons who gained from the scam.  The “entire family had been in the fund for decades and lived well off the returns” – those [...]

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Two thoughts on the Iraqi shoe sideshow
http://www.youtube.com/watch?v=OM3Z_Kskl_U
http://www.iht.com/articles/ap/2008/12/15/news/ML-Bush-Arab-Anger-Analysis.php
1) If Bush had said “who throws a shoe…” and gone into the Austin Powers routine, my laughter would likely have made me forget the disaster of the last eight years.  It would have been that easy for Dubya.  Luckily, he said something about the shoe being a size [...]

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Cuba

In a country full of incoherent and inexplicable policies, our approach to Cuba has to be among our nuttiest.
http://www.nytimes.com/2008/12/07/magazine/07cuba-t.html

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Economy

Reasonably serious economic perspective, if more bearish than most:
http://www.nakedcapitalism.com/2008/12/deflation-has-become-inevitable.html
Nutty guy, but probably right on this:
http://www.reuters.com/article/InvestmentOutlook09/idUSTRE4BA5CO20081211
I missed this at the time, but if it stands, it would be terrifying: essentially MA is looking to nullify some subprime loans.  Barring the loans going forward could be a reasonable decision, but retroactively voiding them seems to miss the [...]

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Precious Bodily Fluids

Good article in the Times about something that won’t happen: reforming the Department of Agriculture.
http://www.nytimes.com/2008/12/11/opinion/11kristof.html
Speaking of things that won’t happen, one powerful change that would only require Congressional approval would be the removal of the 1911 cap of the House of Representatives at 435 members (the House was originally 120 and had grown until then).  [...]

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House arrest?  Wow, way to crack down.  They must be really mad.
http://news.yahoo.com/s/nm/20081211/wl_nm/us_india_mumbai_85
Extraditing him would show serious cooperation.  Killing him would show practicality – in an Indian prison, LeT’s long history of working with the Pakistani government in Kashmir is going to come out – but still show some amount of course correction.  But telling the [...]

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The Bomb

Astonishing and almost impossible to believe:
http://www.nytimes.com/2008/12/09/science/09bomb.html
Rumor has it that when the clock in the town square of Prague was finished, the city leaders had the clockmaker’s eyes gouged out to prevent him from building something so beautiful for anyone else (http://en.wikipedia.org/wiki/Prague_Astronomical_Clock).  I doubt we would have done that to our victorious scientists in any event, [...]

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Wow

Good Lord:
http://news.yahoo.com/s/ap/20081209/ap_on_re_us/blagojevich_corruption_probe
Two observations:

Given the impeccable logic of Rod’s thoughts on the value of a Senate seat, why discuss selling it at all?  That’s like selling the family silver; Rod gets some money but remains stuck in Springfield while whoever gets appointed has the national post, corporate contacts, role for the wife, etc.  Dick Durbin is [...]

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Drugs

When I was in high school and college, I was sure I was one of the only kids who would ever have to deal with a 21 year-old drinking age.  The drinking age had been 18 in Connecticut when I got there, and it only moved up under Reagan Administration pressure.  I had a middle [...]

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