The site was down for unscheduled maintenance. My new host rents space from a data center and they just pulled the cute trick of announcing three hours (and that of course assumes it really is just three hours) of “scheduled” maintenance 5 minutes before starting it. This is either some dog-ate-my-homework excuse for a problem they had or incredibly unprofessional. I’m really outraged and we are moving off this data center. This has also ruined my holiday. I stupidly got excited about the EU security row and wrote a real post instead of loafing, and it meant I got caught in the outage mess and lost sleep as well as got extremely aggravated.
As for comments, we are experimenting with trying to find a solution that will result in less spam and less weirdness for users. We were using this weekend because it is a low traffic period. However, some of the things you folks are doing are not only generally not helpful, they are increasing the odds the tools we use will designate you as a spammer. Please read this comment from Lambert on how not to get in your own way.
The Immortal Life of the Enron E-mails MIT Technology Review
Japan: Conflicted Policy Global Economic Intersection
It is capitalism the Arab world needs, not democracy Telegraph. The new neoliberal scheme: “property rights” in return for aid.
Egypt, Brazil, Turkey: without politics, protest is at the mercy of the elites Seumas Milne, Guardian (martha r)
Egypt orders arrests of top Islamist officials Washington Post
Big Brother is Watching You Watch:
European firms ‘could quit US internet providers over NSA scandal’ Guardian. Ed Harrison saw this coming early on.
Federal Judge: Only Powered-Off Cell Phones Deserve Privacy Protections ACLU. Note this decision precedes the Snowden revelations.
James Clapper, EU play-acting, and political priorities Glenn Greenwald
State Department bureau spent $630,000 on Facebook ‘likes’ Washington Examiner
Permits for Concealed Guns Soar Wall Street Journal
Oregon legislature passes bill to give free tuition to in-state residents Raw Story (furzy mouse)
US non-farm payrolls likely to disappoint Financial Times
SAC’s Cohen Likely to Avoid Criminal Charges Wall Street Journal. So the SEC spent all this money and effort trying to nail Cohen rather than go after mortgage abuses or CDOs in a more serious way.
Stop worrying and breathe the zeitgeist in America Gillian Tett, Financial Times. More evidence of how disconnected our elites are.
Warren Mosler, a Deficit Lover With a Following New York Times. Congrats to Mosler, but of course, the NYT runs this piece on one of the slowest news days of the year. And it’s \a hatchet job on MMT (notice it doesn’t even attempt to explain it? Profiling Mosler allow them to finesse that) And shame on Thoma for completely misrepresenting what MMT says (they NEVER have denied that you can generate too much inflation, they just argue that we are so far away from having that happen that we should mobilize resources and then monitor outcomes as we get closer to full employment). But the fact that the NYT has had to take notice at all says MMT is getting traction. MMT looks to have gone from the “first they ignore you” to the “next they ridicule you” stage.
Antidote du jour: