To all my friends in the US and New England in particular - happy Fourth of July. I miss you all and hope to see you again sooner than later. The photo above was taken in the legendary Toast House on this day a few years ago. Cheers!
Comedian John Hodgman (PC guy in Apple ads) speaks at the Radio & TV Correspondents’ Dinner. Every sentence is a killer. Watch and learn.
1. Yet another ode to the NYT or how the leadership of old media fails
2. The Fine Art Of Quitting. Hmmm, sounds familiar
3. Altruism repays the best-connected individuals
4. The Top 10 most absurd Time covers of the past 40 years
5. Apollo … the dream that fell to Earth
In an interview for the Guardian, this year’s economics Noble prize winner shares his view on the development of the crisis and predicts a Japanese lost decade style stagnation on a much bigger scale. Although the worst was averted, there is a realistic scenario for the leading economies in the world to plunge in a liquidity trap where near or equal to zero nominal interest rates do not stimulate the economy to full employment. This may result in a price deflation and worsen the recession.
On a brighter note, Krugman praises the new US administration,
I’m increasingly happy with him [Obama]. I was unhappy; I think they could have gotten a bigger stimulus coming out the gate. But they’ve become more forceful. I would have been more aggressive on the banks; we’ll see if we need to re-fight that battle later on.
Healthcare is looking really good. I’m getting increasingly optimistic on healthcare reform. Climate change looks like it’s going to happen. So my odds that this will in fact be the kind of New Deal I was hoping for are rising. I had my scepticism, but he is smart. He’s impressive. And it is such a relief to have somebody whom you can respect in the White House.
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Jason Jones from the Daily Show goes to the New York Times headquarters. Here is one of the many hilarious exchanges he has with the print journalists there.
Jason Jones: What’s black and white and red all over?
Bill Keller: A newspaper?
Jason Jones: No, your balance sheets.
2. The Master of money or what makes Warren Buffet tick
3. Popularity ≠ Importance on the web (who would have guessed)
4. The flying spaghetti monster is in control
The computational knowledge enigne built by the creators of Mathematica is now accessible for everyone. Most reviews suggest that it will be a useful tool. My first impressions support that. Stay tuned for a more thorough look in the coming days.
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