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- Kate Bush: I hope you enjoy my visit to the Damien Hirst show as much as I did The Technical Impossibility of...
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- Nick: Homer does has success as the team’s best hitter until Mr. Burns places a bet with a rival factory owner...
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Monthly Archives: February 2009
SAVING BRUTALIST BUILDINGS—PAUL RUDOLPH.
SAVING BRUTALIST BUILDINGS—PAUL RUDOLPH. It seems strange that buildings that were built only fifty years ago are now threatened by the wrecking ball, but technological change—think of electrical requirements, for example—has been enormous. Another reason is the unpopularity of some … Continue reading
Posted in Architecture
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LESSONS: BEWARE USING ONLY ONE NUMBER.
LESSONS: BEWARE USING ONLY ONE NUMBER. Kids, I keep trying to identify lessons from the financial crisis that will apply down the road. Some of the particular follies that have happened will never be seen again; they will be replaced … Continue reading
Posted in Economics
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WHAT WOULD BAGEHOT SAY ABOUT TOXIC ASSETS?
WHAT WOULD BAGEHOT SAY ABOUT TOXIC ASSETS? I have posted before here and here on what Walter Bagehot had to say over a hundred years ago about the current financial crisis. Christopher Caldwell in the Financial Times had this quote … Continue reading
Posted in Economics, History
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THE EQUATION THAT LED TO A LOT OF TOXIC ASSETS.
THE EQUATION THAT LED TO A LOT OF TOXIC ASSETS. I have posted previously that a lot of the financial crisis seems to come from intellectual mistakes by brilliant people. Felix Salmon has an article in Wired which prints a … Continue reading
LOTS OF TOXIC ASSETS.
LOTS OF TOXIC ASSETS. This quote from Lloyd Blankfein, the chief executive of Goldman Sachs, in the Financial Times for February 9 gives an idea of the scale of the toxic asset problem: “In January 2008, there were 12 triple … Continue reading
Posted in Economics
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“ONE MORTGAGE AT A TIME.”
“ONE MORTGAGE AT A TIME.” Professor Alan Blinder wrote in the Wall Street Journal on February 4 that “There are many foreclosure-mitigation plans.” He concluded “I fear that smart refinancing will have to be done one mortgage at a time.” … Continue reading
Posted in Economics
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“PRODUCE THE NOTE”—LOOKING FOR THE BEANS SO YOU CAN COUNT THEM, REVISITED.
“PRODUCE THE NOTE”–LOOKING FOR THE BEANS SO YOU CAN COUNT THEM, REVISITED. I posted here about the difficulties that the people trying to recover assets for Lehman Brothers were having in locating those assets. Rights in a mortgage might have … Continue reading
Posted in Economics
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HOW TO SPEND $100,000,000.
HOW TO SPEND $100,000,000. I spoke recently with a friend who works for a federal agency that received a large amount of money under the stimulus bill (I chose $100,000,000 to give you an idea of the number of zeroes … Continue reading
Posted in Economics, Politics
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THE RETURN OF THE SEMI-COLON?
THE RETURN OF THE SEMI-COLON? I posted here about the passions aroused by the semi-colon, including a duel that was fought over whether to use a colon or a semi-colon. In yesterday Financial Times, Lucy Kellaway celebrated over receiving a … Continue reading
Posted in Uncategorized
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ROMAN FOOD AND ROMAN NAMES.
ROMAN FOOD AND ROMAN NAMES. I had known that Cicero’s family name came from the Latin word for chickpea. While looking at KITCHEN MYSTERIES, a book on the science of cooking by Herve This, I learned that other distinguished Roman … Continue reading
Posted in History
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