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Plato's Beard » 2008 » January

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Jan 16th, 2008 by ravi

More mortgage haemorrhage…

Forget all the damage control about this thing being significant but small, with localised effect… a quick tally of the chart at BBC, of losses declared thus far, comes up with about $80 billion. While that’s not in the Bush league of screw-ups (he being the genius who is spending upward of a billion dollars a week to kill Iraqis) but it sure is beginning to look like real money. And that’s not just me… read below on what Herr Wheeldon, one of the moneybag insiders (a.k.a “senior strategist”) has to say.

Let’s see if the road leads to the sort of numbers posted by Dubya’s brother.

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Jan 14th, 2008 by ravi

More on the mortgage crisis…

In late October, a Cleveland judge halted foreclosures due to the inability of the banks to prove their ownership (that’s my summary — click the link for the legalese). Now Cleveland is suing them (the banks):

[ Link ]

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Jan 14th, 2008 by ravi

The ascent of economists

In a post on PEN-L, Michael Perelman wrote:

My response:

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Jan 11th, 2008 by ravi

Science Now: The River that Raised a Mountain

Interesting:

[ Link ]

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Jan 4th, 2008 by ravi

S. J. Gould, R.I.P

How do you say punctuated equilibrium without saying punctuated equilibrium? Here's how:

[ Link ]