Submitted by Businomics Blog
Roger Ehrenberg ( a fellow contributor to Seeking Alpha) has an insightful post on this topic:

who stands to gain from general economic and capital markets uncertainty? I’ll tell you - those who have balance sheet capacity and abundant liquidity to pick up bargains while others are suffering. Where capital was once incomprehensibly […]

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Submitted by unsettling economics
The absences serious policy discussion in the vacuous election campaign made me think about the CON Job, were con indicates coal, oil, and nuclear. Other than a brief mention of the ridiculous tax subsidies that the cons get, nobody has said anything serious about global warming, which brings me to wishful thinking, […]

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Submitted by The Capital Spectator
The notion of pricing oil in something other than dollars has been around for some time. In fact, there’s been a bull market in predicting just that, motivated in recent years by the buck’s general descent in foreign exchange markets and the resulting financial pain the trend has imposed on foreign […]

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Submitted by Econbrowser
While I’m on the topic of satellite photos of earth, I came across this NASA photo of China:

Source: NASA
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Submitted by CARPE DIEM

More from today’s NY Times article by Cox and Alm:
As the chart on the spread of consumption above shows (click to enlarge), the conveniences we take for granted today usually began as niche products only a few wealthy families could afford. In time, ownership spread through the levels of income distribution as […]

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Submitted by CARPE DIEM

Dallas Federal Reserve Bank VP/Chief Economist Michael Cox was featured in Drew Carey’s video “Living Large: America’s Middle Class” (see CD post here).
In today’s NY Times, Cox and co-author Richard Alm have an excellent article “You Are What You Spend,” which addresses some of the Dobbsian (Lou) myths of “Two Americas,” the […]

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Submitted by CARPE DIEM

From The Chronicle of Higher Education (subscription required):
For its humanities requirement, MIT asks students to rank the courses they’d most like to attend. If your No. 1 class is not in demand, then you’re in. But if that class is overenrolled, a computer program chooses randomly among all the students who ranked […]

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Submitted by CARPE DIEM

Merle Hazard is America’s first and only country music star to sing about mortgage-backed securities, derivatives, and leveraged buyouts. In this video, he meets famed economist Arthur Laffer, and Laffer gives Merle the idea for a song, “In the Hamptons.”
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Submitted by CARPE DIEM

List of countries by beer consumption per capita in 2004 - U.S. doesn’t make the Top 10, but leads the world of course in total consumption.
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Submitted by CARPE DIEM
In Oslo, library collections are woefully outdated, and public swimming pools are in desperate need of maintenance. News reports describe serious shortages of police officers and school supplies. When my mother-in-law went to an emergency room recently, the hospital was out of cough medicine. Drug addicts crowd downtown Oslo streets, but applicants […]

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