He wears red and white on the outside because red and white is how he feels on the inside

This is a bit off topic, but the big news in the world of soccer blogs (and Morrissey blogs) this evening is that English pop melancholist Morrissey was on the sidelines at Thursday night’s Chivas USA-LA Galaxy superclassico (Chivas won 3-0) at the Home Depot Center, wearing a (red and white) Chivas jersey. It’s decided, [...]

In healthcare, one man’s waste is another’s profit stream

The ever-popular young collectivist (and future Spokesperson for the Jews) Ezra Klein writeth: There was a great line at this morning’s Business and Health Care forum, attributed to Newt Gingrich, which went something like, “one man’s $200 billion in waste is another man’s $200 billion profit stream.” That’s about the most essential fact in health [...]

One man’s graphic (and sad) account of the real estate boom/bust

Time‘s infographics czar, Jackson Dykman, put together some very cool charts to accompany the print version of my new article on real estate. But my favorite among his creations was one we didn’t put in the magazine: In case you’re one to read the fine print, ignore the thing in the chart credit about “rolling [...]

That secret Fed rate cut hasn’t made it across the Atlantic just yet

Yesterday I posted a chart comparing the intended Federal funds rate set by the Federal Open Market Committee with the actual average interest rate that U.S. banks are charging each other for overnight loans. Since early August, the actual rate has been substantially lower than the intended one. It turned out CondeNast Portfolio blogger Felix [...]

New story: Real estate hits the economy

I’ve got a big article about the real estate slump online and in the new issue of Time, which inexplicably features presidential candidates’ spouses on the cover instead of, well, real estate (although I’ll admit that the scoop about Bill and Hill loving Grey’s Anatomy is bigger than anything I came up with). It begins: [...]