I was uncertain what to make of this unsolicited appearance.
"Hope springs eternal". . .
I will treat it like others.
http://www.thedailybeast.com/articles/2012/06/20/jonah-lehrer-s-self-plagiarism-scandal-rocks-the-new-yorker.html
A not undeserved tempest in a tea pot.
The man is a motivational speaker who happens to have hit on a really hot topic.
My impression is that he is not a scholar but a popularizer.
Let us not judge the lecture circuit by the standards of scholarly publication.
There was no reference to footnotes or a bibliography.
A person should be allowed to state the same opinion twice.
The difference between text and speech was never great.
Copyright law is ill conceived but still the law. The first publisher could try to sue the second. I would hope the judge would throw the suit out.
This is a failure of the editor if it is any failure at all.
Peter Benchley needed a hit to pay the rent on his beach house.
He did a splendid job.
Though I do not want to associate with sharks I admire them.
The world would be much poorer without them.
I do not ordinarily surf.
I know something of the L.D.S.
Some of them are relatives. Some are friends.
I try not to discuss religion with members of cults.
It upsets them and me.
 | The Daily Beast @thedailybeast | 18 Jun | |
| PHOTO OF THE DAY: Mineworkers at coal mines in northern Spain protest against government action to cut coal subsidies pic.twitter.com/JzyhwKbe | |||
| Retweeted by Newsweek and 23 others | |||
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Coal mining is skilled demanding work. Such work should be well paid.
Coal is some of the densest dirty fossil carbon. It is a fuel to avoid.
The old is not in itself worth preserving. London is better without the smog.
I think I have an aversion to Woody Allen.
He is funny but it is always the easiest of jokes.
He seems to have developed an artificial "Hearst paper reader" to test things against.
I witnessed a night ballooning shot for Stardust Memories.
That was wonderful. I think it landed on the cutting room floor.
I had some trouble with this until I found the D C reference.
I don't find much of interest in the Post these days. Even NPR and PBS are dragged right. The actual left is just as unbearable.
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My Favorite Mistake
Nina Arianda
The newly crowned Tony winner relives her mortifying wardrobe malfunction.
I will take this as a jenny8lee.
I would rather look at you.
Sharing a bed is better than looking.
Sooner is better. As soon as you can is best.
http://bonddad.blogspot.com/
The man does micro and knows it. He is also very good at it.
Friday, June 22, 2012
Household Deleveraging In Pictures; Or This Is Why Debt Deflation Recoveries Suck
First, in the nearly 60 years history of this data series, we have never seen households de-leverage like they are now. That tells us about how different this current situation is relative to all other times.
The above chart shows the last ten years of this data series. Since 2008, the US household sector has shed nearly $1 trillion in debt -- the total drop has been from $13.8 to about $12.9 trillion. That's 5.8% of the US' nominal GDP.
Think about this from an economic perspective. $900 billion dollars -- that could have gone to spending -- went to paying down debt (either in the form of actually paying the debt down or letting it be extinguished through legal means). Think of the multiplier that would have on the economy had it occurred -- we certainly would have had stronger growth without it.
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