Unintentional humor in the New York Times

An article in the Times reviews some of the great economic news about India. In this city that barely existed two decades ago, there are 26 shopping malls, seven golf courses and luxury shops selling Chanel and Louis Vuitton. Mercedes-Benzes and BMWs shimmer in automobile showrooms. Apartment towers are sprouting like concrete weeds, and a […]

 


“It’s not just the TSA”

More depressing news on the state of personal liberty in the USA. “Cruise passengers tell of seven-hour security ‘revenge’ nightmare“. Elderly passengers on board a luxury cruise have criticised US immigration officials after they endured a seven-hour security check. Cross-posted from Newmark’s Door.

 

Two illustrations of why our government is in trouble

They seem to have trouble counting. (But ya gotta understand: the numbers are just so very, very big, anybody would have trouble. Not!) How “massively” was Goldman short the mortgage market? The [Senate] report unequivocally states that in 2007, Goldman: “reported net revenues of $11.6 billion, of which $3.7 billion was generated by the structured products […]

 


“Crazy U”

More from Andrew Ferguson’s: Crazy U. Here are another two choice bits: We suffer from a built-in confusion of means and ends. We want college (the means) to produce results (the ends) that it wasn’t built for. With its ample time for leisure, its relatively light workload, its often leafy setting, its discursive methods of instruction, […]

 

What to do about Medicare: the heart of the controversy

Here’s Michael Hiltzik, columnist for the Los Angeles Times: To be charitable, the free-market rationale for sticking enrollees with more of the bill is that as consumers with “skin in the game” they’ll be more discriminating about the services and treatments they demand, thus holding down costs. Unfortunately, the consumer-driven model has been widely discredited: […]

 




The news from Cali isn’t getting any better

“Riverside’s Hillcrest High: What if they built a school and nobody got to go?” A $105 million high school–yes,: $105 million–will be unused for at least one year. Walter Russell Mead plays taps. (And proposes a solution I haven’t seen before–split the state up into five parts. Interesting.) And here’s one new, interesting reason for Cali’s […]