Submitted by CARPE DIEM
Average, all 2005 vehicles sold in the U.S.: $2.28 per mile
Top 5 most energy efficient 2005 vehicles, over their lifetimes:
1. Scion xB: $0.48 per mile
2. Ford Escort: $0.57 per mile
3. Jeep Wrangler: $0.60 per mile
4. Chevrolet Tracker: $0.69 per mile
5. Toyota Echo: $0.70 per mile
Top 5 least energy efficient 2005 vehicles, over […]

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Submitted by Econbrowser
This post recaps a post from over a year and a half ago, in light of surging oil prices. Most attention is rightly focused on the supply side effects of the increase in the real price of oil. However, another facet is the impact on transportation costs, and hence the tradability of goods […]

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Submitted by CARPE DIEM
Patrick’s Tailor in Bangkok, Thailand 2005

Patrick’s Tailors in Bangkok, Thailand 2008

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Submitted by CARPE DIEM

Been working on your inocme taxes for 2007? If you’re in a high income tax bracket (35% is the highest marginal rate for 2007), it could be a lot worse, you could be paying taxes at the rate of 91% like during the 1950s, or 70% during the 1960s (see chart above […]

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Submitted by The Capital Spectator
We couldn’t have said it better. In today’s Wall Street Journal, Brett Arends does a stellar job today of summarizing the core ideas behind investment success. Although we quibble with one (can you guess which one?) and would add another (hint: we’re a fan of betas), this list is otherwise a […]

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Submitted by A Dash of Insight
We got a call today asking about our thoughts on the mystery of the Bear Stearns stock price.  How and why could the stock trade so far above the buyout price, now a bit higher than $2?
Our reply was that the theories of purchases by bondholders, owners of credit default […]

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Submitted by CARPE DIEM

See the original 1913 IRS 1040 form here (only 4 pages including all forms and instructions).
To see how much you would be taxed at the 1913 tax rates, check out the Political Calculations blog (Note: maxiumum tax rate in 1913 was 6%).
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Submitted by CARPE DIEM
 
A place with fewer than 300,000 people in 1930 is now a mega-region with a population nearing five million. The population of the metropolitan area itself, which did not even rank in the U.S. top 20 in 1940, is today the fourth largest in the country. The 2006 census estimate pegged Houston’s […]

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Submitted by CARPE DIEM
Reason Magazine: Over the last quarter century, we’ve seen an astonishing rise in paramilitary police tactics by police departments across America. Peter Kraksa, professor of criminology at the University of Eastern Kentucky, ran a 20-year survey of SWAT team deployments and determined that they have increased 1,500% since the early 1980s—mostly to […]

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