Confessions of a Computer Modeler - Any model, including those predicting climate doom, can be tweaked to yield a desired result. I should know. (WSJ paywall)
200th Anniversary of the Waverly Novels
The 25 US cities nobody wants to live in
A Look at BlackRock and Some Market Myths
Law Schools Peer into the Abyss
Redskins Game at UMN Could Cause Campus-wide Protests
Professor John Taylor of Stanford is a menace:
A central bank which aims to improve on the “performance” of the macro-economy is the enemy of the free market. In order to manipulate and target economic outcomes like GDP, jobs, housing starts, consumer spending and capital investment, an activist central bank must perforce destroy the financial markets which are at the heart of capitalism.
And “destroy” is not too strong a term because at the end of the day there are only two options. On the one hand, the monetary politburo in the Eccles Building can set the price of money, debt, the treasury yield curve and the host of financial assets which are valued with reference to them. In the alternative, they are the spontaneous result of “price discovery” in which millions of traders, investors and speculators find market clearing prices for financial assets and instruments–even ones that are not pleasing to PhD economists promising unicorns and unwavering prosperity.
America's Economic Woes: Why Jobs Are Scarce, Wages Low and Government Can't Help
Obama Administration Launches Training 'Tool' for Caregivers About 'Needs of LGBT Seniors'
The Crisis on the Border - No one who wants to help has authority, and no one with authority is helping.
Mega-billionaires unite for immigration amnesty
Obama Laughs His Way Through Meeting with Gov. Perry
“I don’t have to run for office anymore, so I can just let it rip,” he said.
He has not been behaving in a measured, President-of-all-the-people way. What's going on with him?
Anti-Semitism on the Rise in Sweden
'IAF destroyed more targets in 36 hours
than in whole of 2012 clash'
Hamas ups the ante:
Now what might a “reasonable” response look like?
First Lesson of Gaza War: Maintain the Blockade
Sunny with light missile cover in Tel Aviv this morning.
