Low interest rates weren’t to blame for the housing bubble

That was one of the themes of Ben Bernanke’s speech to the American Economic Association yesterday. And this is the nifty chart he used to make his case:

Weekday video: You’ll never find a surer friend than Gazprom

Lucy Kellaway mentioned this Gazprom corporate anthem in her FT column today. So I checked it out, and determined that it must be shared:

How to catch terrorists (and lots and lots of non-terrorists)

A passage from chapter 36 of Sam Savage’s excellent book The Flaw of Averages: So how many true terrorists do you think are currently in the United States? … I have no idea myself, but for the sake of argument, suppose there are 3,000. That is, in the total U.S. population of 300 million, one [...]