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Stock as a beauty contest…

Keynes as taken from Krugman’s recent excellent analysis of “freshwater” versus “saltwater” economists – trading is like:

“those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of [...]

Economic “by-products”…

“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.”

- John Maynard Keynes

Money pit…

Wiki Commons – Boeing C-17

I’ll give credit to Boeing for actually identifying themselves on this “astro-turf”:

http://c17foramerica.com

However, I would really rather see the money go toward something:

That the government wants.
That doesn’t create “regressive” jobs (ie: jobs that spread out the wages a bit as these tend to go to higher wage workers).
That doesn’t [...]

At last…

They got Mr. Polanski…

Polanski – Wiki Commons

I admit at one time I thought that Polanski should probably be left alone – I mean it had been over 30 years since his crime hadn’t it? It was just sex right? He’s a famous and fantastic director, non?

Except:

She was 13 years old damnit!
He drugged her up [...]

Turning the spotlight around…

Let’s imagine a few alterations in this NYT article:

WASHINGTON TEHRAN – The Obama Ahmajinedad administration plans to tell Iran the United States this week that it must open a newly revealed nuclear enrichment site to international inspectors “within weeks,” according to senior administration officials. The administration will also tell Tehran Washington that inspectors must have [...]

Am I not important or what!?

I got this in my email:

To: “Blah Blah” <blah.blah.blahr@blah.blah.com>
Subject: Tim Geithner, George Soros, Sheila Bair, & Larry Summers – Oct 15/16th
Date: Wed, 23 Sep 2009 09:23:34 -0400
From: “Argyle Executive Forum” <mergenyc@argyleconferences.com>

Argyle Executive Forum is pleased to partner with The Economist on The
Economist’s Buttonwood Gathering occurring in Manhattan on October 15th
and October 16th.

Speakers for the event [...]

Campaign for Real Beauty?

Dove has sponsored the “Campaign for Real Beauty” which on the face of it is a good thing. Certainly women, young girls, and society needs a redefinition of priority around beauty. And I’ll also skip my skepticism over any ulterior motives here.

However, I wonder if the problem isn’t making kids who aren’t beautiful (or even [...]

Bad Massachusetts, bad…

With friends like these, who needs enemies?

So today Massachusetts Gov. Deval Patrick named fellow Democrat Paul Kirk to serve out the remainder of Edward Kennedy’s term. The unseamly factor in this that hasn’t been well publicized, which Republicans have good reason to be angry at, is the Democratically controlled MA legislature removed the option from [...]

We do not live in a “free” country

The First Amendment states:

“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech or of the press; or the right of the people peaceably to assemble“

However:

“PITTSBURGH — Police threw canisters of pepper spray and smoke at marchers protesting the Group of 20 summit [...]

So much for change in diplomacy…

As a progressive I really want to see a “change in diplomacy” and I’ve thought the Obama administration’s efforts to try to treat even our so called “enemies” with respect was a good start, however:

http://news.yahoo.com/s/ap/20090921/ap_on_re_mi_ea/ml_iran

How are you going to do it when they aren’t acting like adults?

Having a friend, now unfortunately gone, who [...]