“Presenting The Most Expensive Home For Sale In Every State”

Cool little piece. 50th is North Dakota, where $1.3 million buys a 4 BR, 4 bath, 9400 sq. ft. ranch on 15 acres of land. #1 is California, where $150 million buys you a: big house–the Aaron and Candy Spelling house–on 4.7 acres of “rare, flat land in Holmby Hills”. UPDATE: the $150 million home has […]

 


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 […]

 



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: […]

 



“20 Impossible Interview Questions From Facebook, Goldman And Citigroup”

Good thing I’m not looking for a job at these places. Samples: Citigroup: “What’s your strategy at table tennis?” Towers Watson: “Estimate how many planes there are in the sky.” Jane Street Capital: “What is the smallest number divisible by 225 that consists of all 1s and 0s?”

 

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 […]