Krugman in fine form

10 04 2009



Taliban have entered Kashmir: Report

7 04 2009

Story from

Jeff Sachs makes astute but alarming observation

7 04 2009

From Krugman’s blog:

Jeff Sachs comes down hard on the Geithner plan, and his worries need to be taken seriously.

I was starting to come to the conclusion that the plan would simply fizzle — that even though participating players would get a large put along with their free toaster, it wouldn’t be enough to raise the price they’re willing to pay to a level banks would be willing to sell at, rather than keep assets on the books at far above their true value. But once you take into account the possibility of insider deals, that all changes. As Jeff says, a bank can create an off-balance-sheet entity that buys bad assets for far more than they’re worth, using money borrowed from taxpayers, then defaults — in effect a straight transfer from taxpayers to stockholders.

If there’s a mechanism to police such deals, it isn’t clear. And the sense that the administration is just too close to Wall Street continues to grow.

Have U.S. Gun-nuts Gone Too Far?

7 04 2009

Seen at the recent bi-annual Knob Creek Machine Gun Shoot in Kentucky by the Washington Independent’s Dave Weigel:

Weigel noted that all three boxes of the Hitler-Obama shirt had sold out by 3:00 p.m. on Saturday.

Nod: Think Progress

10 Best Geeky Last Words

7 04 2009

From Wired online:

Now it is nothing but torture.
Sigmund Freud

Go away. I’m all right.
H. G. Wells

KHAQQ to Itasca. We are on the line 157 337. Will repeat message. We will repeat this on 6210 kilocycles. Wait. We are running on a north and south line.
Amelia Earhart

May I not seem to have lived in vain.
Tycho Brahe

How were the circus receipts today at Madison Square Garden?
P. T. Barnum

I’d hate to die twice. It’s so boring.
Richard Feynman

Try LSD, 100 mm intramuscular.
Aldous Huxley
(in a note to his wife)

It is very beautiful over there.
Thomas Edison

A dying man can do nothing easy.
Benjamin Franklin

01010100 01110010 01101001 01110101 01101101 01110000 01101000 ❤ (translation: Triumph)
Mars Phoenix lander

Why Marijuana Legalization is Gaining Momentum

7 04 2009

Kids say the darndest things – LSD “can be more important than reading the Bible six times”

7 04 2009

A young child discussing LSD, taken while it was still legal for anyone.

We go from the the supposed positives to the supposed negatives of LSD: