Lucy Kellaway mentioned this Gazprom corporate anthem in her FT column today. So I checked it out, and determined that it must be shared:
[youtube=http://www.youtube.com/watch?v=xGbI87tyr_4]
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 person in 100,000 is the real deal.
Now
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Here’s Jim Manzi (no, not that one; this one), writing in National Affairs (via Michael Pettis) on the question, addressed here a couple of days ago, of balancing economic security with economic dynamism:
Conservatives have …, as a rhetorical and political strategy, downplayed the problems of cohesion — problems like inequality, wage
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Barry Ritholtz has a good summing-up of a new paper (pdf) by three IMF economists on the link between lobbying and risk-taking by lenders. The gist: Firms that made the riskiest loans spend the most on lobbying Congress. And what were their lobbying aims?
• prevent any tightening of lending laws that reduce the benefits of
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After being urging to do so by several readers, I finally read Ron Paul’s End the Fed. I was about to buy it for the Kindle I got for Christmas, but when I got to work Monday morning there was a package in my mailbox from Gary Howard at Paul’s Campaign for Liberty with two copies of the book. I gave one to my colleague Stephen Gandel, …
I’m back in the office on what is shaping up to be an extremely slow news day, which is why I find myself reading things like a little Q&A with economist Raghuram Rajan on the WSJ’s Real Time Economics blog. Here’s one of the Qs the resulting A:
How do you expect the U.S. model of capitalism to change as a result of the crisis? Can it
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My favorite song from last year’s Colbert Christmas show is Colbert’s own “Cold, Cold Christmas.” But I can’t find a video of that. So here’s Feist:
[vodpod id=Groupvideo.4278938&w=425&h=350&fv=autoPlay%3Dfalse]
TIME is “dark” this week—that is, we’ve got no magazine to put out and not many people in the office. But we still have a Website, so I volunteered to pay attention to this week’s economic releases and post on them when they seemed to merit attention. Well, today we’ve got personal spending up 0.5% and personal income up 0.4% in …
A lot of people think the problem with our banks is that they tried to do too much. Peter Wallison of the American Enterprise Institute argues the opposite:
as banks have been forced out of lending to public companies–which in themselves offer significant diversification–they have focused more and more of their resources on fewer and
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The Bureau of Economic Analysis has just released its third try at estimating third-quarter GDP. It’s now been ratcheted down to 2.2%—from 2.8% in the estimate released a month ago and 3.5% in the original estimate. The culprit:
downward revisions to nonresidential fixed investment, to private inventory investment, and to personal
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This just went out on Businesswire. For those who don’t believe in clicking through, it says I’ve got a new job, editorial director of the Harvard Business Review Group. I start Jan. 25, and I’ll still be at TIME and writing this blog through Jan. 22. (I’m pretty sure the blogging over the next month will be a lot better than it has been …
This was the sidewalk in front of the Citibank at 96th and Broadway and New York a little after noon on Sunday. The reason I took a picture of it was because, while most of the sidewalks along Broadway were already salted and shoveled and ready for walking after the big Saturday night snowfall, the sidewalks in front of bank branches …
