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Further reading

Elsewhere on Thursday,- The IMF on Europe: masters of understatement.- Revaluation: ‘It’s China’s world, we’re just living in it’. Almost.... (original story)

Selling Us Short: The Limits of Markets with Jim Chanos

More here Hat tip ScotT F (original story)

links for 2010-03-18

Matt Taibbi: Reconciling Reconciliation One gene lost = one limb regained? Scientists demonstrate mammalian regeneration through a single gene deletion Wesley Yang: Why Academic Tony Judt’s Dazzling, Cantankerous Brain Is One of This City’s Great Treasures Matthew Yglesias » Kinsley’s Transcendental Deduction of Hyperinflation (original story)

Assorted links

1. OMB greenlights more awards and prizes. 2. Reading Uwe Johnson. 3. Game show of torture and Milgram. 4. Markets in everything: pre-owned cryogenic equipment. 5. Very good new Tony Judt interview (and more on Judt here). (original story)

Stimulus Runs Out, So States Beg Congress For More Money; Will They Get It?

A huge chunk of stimulus money was wasted paying union salaries instead of fixing budgets. Now states have are begging for more as noted by the Wall Street Journal in States Hope for a Rich Uncle.Strapped states, facing up to $180 billion in budget deficits in the next fiscal year, are going hat in hand to Washington.California wants $6.9 billion in federal money for the next fiscal year, and Republican Gov. Arnold Schwarzenegger says he'll have to eliminate state health and welfare programs without it. Illinois, facing a $13 billion deficit that equals roughly half of the state's operating b... (original story)

Comparing New Home Sales and Housing Starts

Click on graph for larger image in new window.A frequently asked question is how do new home sales compare to single family housing starts (both series from the Census Bureau). This graph shows the two series - although they track each other, the two series cannot be directly compared.For starts of single family structures, the Census Bureau includes owner built units and units built for rent that are not included in the new home sales report. From the Census Bureau: Comparing New Home Sales and New Residential Construction We are often asked why the numbers of new single-family housing units... (original story)

Blackstone Said to Lead China Agricultural Deal

A consortium led by the Blackstone Group has agreed to invest about $600 million in a Chinese agricultural company ahead of its planned Hong Kong listing, Reuters reported. (original story)

"Using Neuroscience to Understand the Bounds of Rationality"

Why do people make decisions that appear to be irrational?: Neuroeconomic theory: Using neuroscience to understand the bounds of rationality, by Isabelle Brocas and Juan D. Carrillo, Vox EU: People often fail to make “rational” decisions. Economic agents are subject... (original story)

Greece Says Cuts Threatened if EU Doesn't Help

Greece's prime minister warned his European Union partners on Thursday that he would not be able to make planned deficit cuts unless the country can borrow money more cheaply -- and said he would prefer not to have to turn to the International Monetary Fund for help, Reuters reported. (original story)

Suggested Readings from Harvard Profs

Via The Harvard Crimson. (original story)








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