October 30, 2012 – 7:12 am
…Clearly, the world must be ending. The New York Stock Exchange shut today.
October 29, 2012 – 7:30 am
Skepticlawyer’s excellent post on the GFC examines the financial crisis. The post below is concerned with the time period for monetary policy. While, as I note below, the collapse in total spending clearly worsened the GFC, this post is more about how to avoid or minimise recessions and, particularly, events such as the Great Recession. [...]
By Lorenzo
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Posted in Australia, Economics, Public Policy
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Tagged commodity prices, exchange rates, GFC, Great Recession, inflation targeting, Jim Belshaw, monetary policy, NGDP targeting, RBA, US Federal Reserve
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October 27, 2012 – 6:50 pm
[Every now and then, the law throws up something really fascinating. This week's exercise in fascination was instructions to prepare a briefing note on the causes and consequences of the global financial crisis, directed at yours truly. What made these instructions so difficult to follow is that while the causes and consequences of the GFC [...]
By skepticlawyer
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Posted in Economics, Law
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Tagged CDO, collateralised debt obligations, credit boom, Eurozone crisis, Federal Reserve, Frank Knight, global financial crisis, home ownership, LIBOR, LTV, mortgages, Northern Rock, quantitative easing, redlining, Reserve Bank of Australia, residential mortgage backed securities, reverse redlining, risk, scottish independence, subprime mortgages, uncertainty, underwriting standards
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October 27, 2012 – 9:30 am
I like graphs. A good graph can be very revealing. Such as this graph on US per capita income from the 2012 US Federal Budget (via). The impact of the Great Depression is very obvious. But so is the remarkable stability of economic growth in the US over the last 120 years. This is also [...]
October 24, 2012 – 7:33 am
I was very interested to read that some scientists had been found guilty of manslaughter in relation to advice given about an earthquake: Six Italian scientists and a government official have been found guilty of multiple manslaughter for underestimating the risks of a killer earthquake in L’Aquila in 2009. They were sentenced to six years [...]
By Legal Eagle
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Posted in Economics, Environment, Law, Public Policy, Science, Society
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Tagged earthquake, expert predictions, experts, falsifiability, hypotheses, Italy, L'Aquila, manslaughter, philip tetlock, scientists, tim harford
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October 24, 2012 – 2:45 am
One of my favourite modern films is “Stigmata”. In it, a Catholic priest and debunker of miracles for the Holy See (Gabriel Byrne) stumbles across the case of an American hairdresser (Patricia Arquette) who appears to be exhibiting the signs of Stigmata despite living an unashamedly dissolute party-animal life and being a complete non-believer. What [...]
By DeusExMacintosh
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Posted in Internet, Personal, Philosophy, Politics, Religion, Uncategorized
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Tagged christianity, holy see, kateri tekakwitha, lily of the mohawks, Roman Catholic Church, society of jesus, stigmata, the vatican
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October 22, 2012 – 6:33 pm
Every now and then, I’m sitting in an examination room at my old English school. There’s been some problem with my A-Level exams, and they’ve asked me to re-sit the History exam some 20 years later to prove it was really me who took the original exam. I am trying my best to write essays [...]
October 22, 2012 – 9:56 am
Approximately 4 hours ago, Ozblogistan began to receive a very high level of traffic. During this period my performance tracking tools stopped working so it is difficult to tell how much traffic was received during the period. A few minutes ago I kicked over our web server to reset all connections, which resolved this matter [...]
October 20, 2012 – 9:53 am
Andrew Mitchell has quit as government chief whip after weeks of pressure over an argument with police officers in Downing Street. The Tory MP has admitted swearing at officers in the incident but again denied calling police “plebs”. He told David Cameron – who has stood by him – that “damaging publicity” meant he could [...]
October 20, 2012 – 5:30 am
And did those feet in ancient time. Walk upon Englands mountains green: And was the holy Lamb of God, On Englands pleasant pastures seen! And did the Countenance Divine, Shine forth upon our clouded hills? And was Jerusalem builded here, Among these dark Satanic Mills? Since Blake’s poem is clearly invoking the legend that Joseph [...]
