"There is only one difference between a
bad economist and a good one: the bad economist confines himself to the
visible effect; the good economist takes into account both the effect
that can be seen and those effects that must be foreseen.
"Yet this difference is tremendous; for it almost always happens that
when the immediate consequence is favorable, the later consequences are
disastrous, and vice versa. Whence it follows that the bad economist
pursues a small present good that will be followed by a great evil to
come, while the good economist pursues a great good to come, at the
risk of a small present evil." - From an essay by Frédéric Bastiat in
1850, "That Which Is Seen and That Which Is Unseen"
The FBI reportedly found evidence that St. Louis Cardinals officials broke into the Houston Astros’ internal database of player personnel information, according to the New York Times. Parts of that database, including updates on trade negotiations, were then published on Deadspin.
The FBI reportedly found evidence that St. Louis Cardinals officials broke into the Houston Astros’ internal database of player personnel information, according to the New York Times. Parts of that database, including updates on trade negotiations, were then published on Deadspin.
Kim Kardashian was on NPR's Wait Wait...Don’t Tell Me, a funny unserious quiz show. But, from the response, the NPR followers are neither funny nor unserious. They were outraged and offended. I fear they felt she was...déclassé. I heard it. She did a good job and was very sweet. In true NPR fashion, her topic was North Korean dictator Kim Jong Un.
Who is....Octavian?
The word “scientist” was invented by William Whewell, a nineteenth-century Cambridge philosopher. As a result, science grew to a dominant position in public life, and philosophy shrank. Philosophy shrank even further when it became detached from religion and from literature.
LightSail A, a spacecraft using a 32 square meter mylar solar sail for power, reentered the atmosphere last weekend. Once considered the stuff of science fiction, sailing through space was suggested 400 years ago by astronomer Johannes Kepler who observed comet tails blown by the solar wind. But modern solar sail designs, like the one tested by LightSail A, rely on the small but continuous pressure from sunlight itself for thrust.
Ancient Roman spies used urine as invisible ink to write secrets between the lines of their official documents, hence the saying: "read between the lines." The messages appeared only when heated.
T. H. White's The Sword in the Stone was the first volume in the eventual quartet of books published as The Once and Future King, White's version of Sir Thomas Malory's version of the King Arthur legends. The book was very popular, and when Lerner and Lowe purchased the last three books of the series to make their version -- Camelot (1960) -- White became, for a time, a wealthy man. The success of Camelot motivated Walt Disney to finally make his cartoon version of The Sword in the Stone, the rights to which he had purchased back in 1939; this came out in 1964, the year before White died suddenly at the age of fifty-seven.
There are 7 billion people on earth and about 7000 languages, but more than half of the world's population speaks one of just 23 languages.
The Mercer injury was strange. One wonders if these tremendous Hispanic athletes come to the major league riding their remarkable athletic talents without a real understanding of the game for context. Marte and Polanco do incredibly goofy things in games. Just jaw-dropping blunders. Gomez caught between first and second, slid. I have never seen that before--most stop and retreat to stall the play and delay the throw for the double play. But Gomez slid as Mercer stepped towards him for the tag and caught Mercer flush on the knee with his knee. It looked like a classic medial collateral injury.
There is a debate going on over minimum wage and conscription. One letter supported both. Here is a funny reply by Bordeaux: Allow me to summarize your policy position: You wish to force people to work for certain employers (governments) at wages that these people judge to be too low but that you judge to be acceptably high for them, while simultaneously forcing people not to work for other employers (private firms) at wages that these people judge to be acceptably high but that you judge to be too low for them. In short, you presume to forcibly override with your own assessment – or with that of politicians whom you mysteriously trust – the assessments of each of millions of individuals of what are and what are not acceptable working terms and conditions for these individuals.
The Apache Indians ritually killed one twin, arguing that the mother did not have sufficient milk to feed two infants, and some Eskimo tribes left one twin outside to die in the cold. Thus was the beginning of the science of economics.
Austrian Archduke Ferdinand Maximilian, installed as emperor of Mexico by French Emperor Napoleon III in 1864, was executed on the orders of Benito Juarez, the president of the Mexican Republic.
Lackadaisical adj: 1. without interest, vigor, or determination; listless; lethargic: a lackadaisical attempt. 2. lazy; indolent: a lackadaisical fellow. Lackadaisical stems from the archaic term lackadaisy, a variant of lackaday. These in turn came from an alteration of the phrase alack the day, an interjection used as an exclamation of sorrow, regret, or dismay.
Claire Clairmont half-sister to Mary Shelley was the mother of Byron's child, Ada. Ada grew up estranged from both parents--and to be a mathematical genius. She worked with Charles Babbage, whose "Analytical Engine" is widely considered to have been the world's first computer, and her contributions were such that the programming language ADA is named in her honor.
In April, Muslim migrants being carried on a boat across the Mediterranean threw 12 Christians overboard to their deaths because they were not praying to Allah when they asked God for help when their dinghy suffered a puncture.
The greatest single loss of life in the history of the British army occurred during the Battle of Somme, when the British suffered 60,000 casualties in one day. More British men were killed in that one WWI battle than the U.S. lost from all of its armed forces and the National Guard combined.
Last month, a woman dropped off a box of electronics at Clean Bay Area, a Silicon Valley recycling firm. Included in the box was an Apple I computer, hand-built by Steve Jobs and Steve Wozniak in Jobs' garage in 1976.
In baseball, on-base percentage (OBP) is a measure of how often a batter reaches base divided by at bats. (There are a few exceptions like dropped third strike, fielders choice...) (Career leader is Ted Williams, Ruth is second.) Slugging percentage (SLG) is a power measurement, total bases divided by total at bats. (Career leader is Babe Ruth at .690.) On base plus slugging, OPS, combines the two. The leader is Ruth with 1.1636. Williams is second.
Central banking and zero interest talk: Central banks now own over $22 trillion of financial assets, a figure that exceeds the annual GDP of US & Japan. Central banks have cut interest rates 577 times since Lehman, a rate cut once every three 3 trading days. Central bank financial repression created $6 trillion of negatively-yielding global government bonds earlier this year. 45% of all government bonds in the world currently yield <1 comment-1--="">
Between 80 and 90 percent of immigrants to the U.S. coming are from Third World nations. On average, they have higher illegitimacy rates than native-born Americans, higher drug use rates, higher rates of obesity, spousal abuse and child abuse, higher rates of disease, lower test scores and higher dropout rates and higher crime and incarceration rates. But they work cheaper.
Polar bears have huge territories. One polar bear can hunt and live in an area as big as Maine.
The First Triumvirate was the political alliance of Gaius Julius Caesar, Marcus Licinius Crassus, and Gnaeus Pompeius Magnus (Pompey the Great). Unlike the Second Triumvirate, the First Triumvirate had no official status whatsoever. Crassuc was killed by the Parthians in 53 BC, Pompey by Egyptians, Caesar by Romans. The Second Triumvirate is the historical name given to the ancient Roman alliance of Octavian--the great-nephew of Julius Caesar, Marc Antony, and Marcus Aemilius Lepidus, established in 43 BCE to defeat the assassins of Caesar. Unlike the First Triumvirate, it was an official, if extraconstitutional, organization that was legally established and given enormous power by the senate. After Lepidus was deposed and Antony (with Cleopatra) defeated, Octavian renamed himself "Augustus" and became the first emperor of Rome in 27 BCE.
Golden oldie:
In its very essence, government is a cop. It can be a good cop or a bad cop.
It can be a vicious cop or a considerate cop. It can be a thoughtful or a dumb
cop. But one thing is certain. When it goes beyond being a cop and tries to
actually manage the productive processes of a nation, it invariably makes a hash
of the job.--George Melloan’s 2009 The
Great Money Binge
A single bat can eat more than 600 bugs in one hour, which is like a person eating 20 pizzas a night.
Arjumand Banu Begum was married at the age of 19, on 10 May 1612, to Prince Khurram, known as Shah Jahan, who conferred upon her the title "Mumtaz Mahal," meaning "the chosen one of the palace." She was his second wife, in 1612, and was his favorite. She died in Burhanpur in the Deccan (now in Madhya Pradesh) during the birth of their fourteenth child, a daughter named Gauhara Begum. In her honor her husband built the Taj Mahal as her burial place.
Population experts estimate that there are at least 3,000 distinct ethnic groups (tribes) in Africa. Nigeria alone has more than 370 recognized tribes within its population.
Former adviser to Dallas Fed's Dick Fisher, Danielle DiMartino Booth speaking in a CNBC interview slammed The Fed for "allowing the [market] tail to wag the [monetary policy] dog," warning that "The Fed's credibility itself is at stake... they have backed themselves into a very tight corner... the tightest ever." As she writes in her first Op-Ed, "The hope today is that the current era of easy monetary policy will have no deep economic ramifications. Such thinking, though, may prove to be naive... All retirees’ security is thus at risk when the massive overvaluation in fixed income and equity markets eventually rights itself." As a daily columnist for The News from 2003 to 2006, DiMartino Booth was a lonely voice of reason about the easy-mortgage boom, which she contended was introducing “systemic risk” into the entire financial system.
New research has revealed why it took more than 30 million years for large Triassic dinosaurs to populate the tropics after they first appeared on Earth. Using new geological evidence culled from Ghost Ranch, N.M., researchers from the University of Southampton in the U.K. have found that an extremely unpredictable hot and arid climate due to elevated carbon dioxide levels (four to six times of what they are today) kept large herbivores at bay until after 200 million years ago. There were also constant wildfires. One wonders at the CO2 prism and how it might have influenced the conclusions.
Ghost Ranch, N.M. is a
21,000–acre retreat famous as the place where artist Georgia O’Keefe
painted for most of her career. It was located close to the equator
205-215 million years ago at 12 degrees North (it lies at 36 degrees
North today).
AAAAaaaaannnnnndddddd........the Jobs' garage computer from the recycler:
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