Links 12/28/09

Over 100 whales dead in NZ mass strandings Times Online

Acacia plant controls ants with chemical BBC

Over/Under on Jet Fuel Consumption Paul Kedrosky

2009: The Year Wall Street Bounced Back and Main Street Got Shafted Robert Reich

Catholic Group Supports Senate on Abortion Aid New York Times (hat tip reader James P)

Obama’s Lost Face J.R. Dunn, American Thinker (hat tip Independent Accountant)

Wen dismisses currency pressure Financial Times. So kiss global rebalancing goodbye. The flip side is as long as China keeps its peg to the dollar, and it is insisting it will, it has to keep buying and holding dollars, which means dollar assets, which means Treasuries or something riskier.

Late Holiday Shopping Puts Retailers Ahead Wall Street Journal

Black economies shore up states, says study Financial Times. Remember, correlation is not causation.

The Big Zero Paul Krugman

Can Science Explain Religion? New York Review of Books

Antidote du jour:

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    1. fresno dan

      As it is Christmas, I assume they are chocolate covered ants!
      I never thought of anteaters as being cute, but that is one cute critter.

    2. MyLessThanPrimeBeef

      Speaking of ants, I haven’t seen any antidote du jour invovling bees lately. Is that because we are missining like billions of bees?

  1. paper mac

    Man, is that ant eater ever cute. I love when they stand up like that.

    FT article is a little odd, the DB report almost seems jokey- eg “The “most unfavourable level of shadow market activity”, according to Deutsche Bank’s calculations, was exactly 14.3318 per cent of official gross domestic product.” In what country are illicit earnings reported accurately enough to get an “exact” result, or even 6 sig figs?

  2. fresno dan

    The Big Zero Paul Krugman

    “It was a decade with zero economic gains for the typical family”
    I certainly think that is true. My problem is that I have read article after article that in real terms, there has been no real (after inflation) increase in wages and the standard of living (for middle class households) since the early 70’s. Kind of like coming across a car wreck, and saying to the driver, “you aren’t hurt so bad” and not mentioning the dead wife and two dead kids.

  3. MIT man

    The article Obama’s Lost Face is not worthy of being featured on your usually fine and informative blog. It appears to be written by an adolescent.

    1. jimmy james

      I agree. Talk about a lot of unfounded assumptions and feces-slinging.

      There are PLENTY of ways to hit Obama if you want, but that essay is just juvenile.

  4. swirlies for O

    Yeah the article doesn’t acknowledge that this is the post-face era. Notice how when China stood Obama up, he barged right in and gave them a piece of his mind, but when the bankers humiliated him by blowing off his Big Meeting he took it like a little bitch.

  5. eric anderson

    Following the revelations of Climategate and further revelations of anti-scientific monkey business in the wake of the Climategate leak, I wonder if a more pertinent question might be: Can religion explain science?

    Indeed, it can. “The heart is deceitful above all things and beyond cure. Who can understand it?” (Jeremiah 17:9)

  6. rollerballs

    Yeah, more bible quotes, that’s what we need to save science. Maybe some speaking in tongues too.

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