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NOTE: This post has some serious inaccuracies and overwroughtness; I’ll be altering it in the next couple of days. There’s some buzz about a new study in the International Journal of Biological Sciences, which states that the studies Monsanto used to justify the use of three varieties of genetically modified corn are flawed. Thing is, […] It’s hard to see how the Haitian earthquake could be worse–a powerful quake, close to the surface, striking right in a densely populated area. But this is even harsher than what you might think: I did some freelance aid work in India after the 2004 tsunami, and the devastation was very much proportional to the […] Well, if you’ve ever wondered what happens to plastic, this is what happens. I should probably write about the economic concepts this illustrates, like externalities and bla bla bla, but really, I’ll shut up so you can go look at the pictures. Okay, one more thing: bottle tops are like half the volume of plastic […] Here’s a slideshow interspersing pictures of the Great Depression with pictures of the crisis today. Worth a look. The most gratifying part of paying attention to the economy is watching, at the end of every bubble, almost as a natural part of the financial cycle, the predictable spate of arrests. There’s Madoff, of course, but his Ponzi scheme seems to have been a one-off (unless you think the whole stock market is a […] I enjoy Photoshop Disasters, a blog that is exactly what the name says, but this post struck me for a completely different reason than the freaky arms. What struck me: the young woman’s look of accomplishment, of satisfaction, of sheer thrill. In an ad for a bank. Yeah, it’s just a silly ad. But really, […] Well, my legions of admirers–most of whom can hardly contain their incoherent praise of Viagra (seriously: grammar counts, even if you’re a spambot) should be happy to know that I’m back. I was away dealing with a bit of a financial situation; unlike many, mine actually had some larger economic significance, so I’ll post about […] Seriously, check it out: http://www.reddit.com/r/reddit.com/comments/9pxt8/anybody_else_just_really_tired_of_trying_i_mean/ Well, as I’ve been saying, things seem to be getting better (or at least getting worse more slowly). But it looks like we could be in for another meltdown in a year or two. Adam Levitin shows how this time it won’t be subprime mortgages, but “option ARMs.” Option ARMs give consumers the choice of […] Okay, so I read the entire freaking health care bill (the July 14 version). Here’s a summary, along with some suggestions how to make it better. Yeah, it’s long, but it’s less than 1% of the original, so there’s that. First, here’s our current system, in a handy-dandy chart (unfortunately Dan is busy illustrating the […] |
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