Monday, February 8, 2010
Thank God we have Sarah Palin to help us make sense of the world.
Palin latest to walk back criticism of GOP leader Limbaugh
Sunday, February 7, 2010
"It is the mark of an educated mind to be able to entertain a thought without accepting it." Aristotle
Saturday, February 6, 2010
From How Obama got Keynes wrong by Shawn Tully:
While the Obama team is laying out huge sums of money, Meltzer says it's neglecting a key part of Keynes' plan: You can't run up a debt without a way to cover it.
Thursday, February 4, 2010
From James K. Galbraith: "There Is No Return To Self-Sustaining Growth" by Lars Schall:
The principal cause of the crisis was the dismantling of the system of regulation and supervision in the financial sector which had for much of the post-war period kept the most dangerous elements of that sector in check. In the absence of an appropriate system of effective supervision and regulation, what happens is that the actors in the system, who are intent upon taking the greatest degree of risk — including actors who are intent upon using fraudulent methods to increase their returns — come to dominate parts of the system. As they do that, the general methods of assessing performance in the market, specifically stock-market valuations, become counter-productive. That is to say, they invariably reward the worst actors, while they force more traditional actors, who are still respecting the old norms of conduct, into a competitively disadvantaged position. Thus the bad actors, the fraudulent actors, and the speculative extremists quickly take over.
Wednesday, February 3, 2010
At a recent dinner party, I found myself in an awkward situation when the host, a devout atheist, sneezed between spoonfuls of his gazpacho. Without thinking, I said, "God bless you." He gave me a withering look and said, as if to a child, "Golly gee, I sure hope he does." The other guests exploded with laughter, while I imploded with humiliation. To avoid future embarrassment, what is the correct response when an atheist sneezes?
Troubled with ahchoo
First, a little background information. Saying "God bless you" following a sneeze is thought by some to have originated in the sixth century in order to protect the sneezer from falling ill to the bubonic plague. Another possible origin is that people once believed that the devil entered the body during a sneeze and saying "God bless you" could help ward him off. Since the plague has killed something like two hundred million people and the words "God bless you" have, in all likelihood, been said countless times to Glenn Beck, we can safely assume the phrase has no real power against germs or demonic possession. What it does contain is simple human courtesy -- a means by which we express concern for one another. As to how to respond to a sneezing atheist, well, that's easy. Simply say, "Sounds like you're coming down with something, I hope you don't die and rot in a box."