mch lives here

let's syndicate us some data, shall we?

Jul 23
“Thomas Sowell, among many others, has articulated the power of individual responsibility as an antidote to black poverty for over 40 years. Black thinkers as far back as Frederick Douglas and Booker T. Washington have done the same. Why then, all of a sudden, are blacks willing to openly embrace this truth — and in the full knowledge that it will weaken their leverage with whites? I think the answer is that Mr. Obama potentially offers them something far more profound than mere moral leverage. If only symbolically, he offers nothing less than an end to black inferiority. This has been an insidious spiritual torment for blacks because reality itself keeps mockingly proving the original lie. Barack Obama in the Oval Office — a black man governing a largely white nation — would offer blacks an undreamed-of spiritual solace far more meaningful than the petty self-importance to be gained from moral leverage. But white Americans have also been tormented by their stigmatization as moral inferiors, as racists. An Obama presidency would give them considerable moral leverage against this stigma. So it has to be acknowledged that, on the level of cultural and historical symbolism, an Obama presidency might nudge the culture forward a bit — presuming of course that he would be at least a competent president. (A less-than-competent black president would likely be a step backwards.) It would be a good thing were blacks to be more open to the power of individual responsibility. And it would surely help us all if whites were less cowed by the political correctness on black issues that protects their racial innocence at the expense of the very principles that made America great. We Americans are hungry for such a cultural shift. This, no doubt, is what Barack Obama means by “change.” He promises to reconfigure our exhausted cultural arrangement.” Shelby Steele. Why Jesse Jackson Hates Obama - WSJ.com

“So it is not hard to see why Mr. Jackson might have experienced Mr. Obama’s emergence as something of a stiletto in the heart. Mr. Obama is a white “race card” — moral leverage that whites can use against the moral leverage black leaders have wielded against them for decades. He is the nullification of Jesse Jackson — the anti-Jackson. And Mr. Obama is so successful at winning gratitude from whites precisely because Mr. Jackson was so successful at inflaming and exploiting white guilt. Mr. Jackson must now see his own oblivion in the very features of Mr. Obama’s face. Thus the on-camera threat of castration, followed by the little jab of his fist as if to deliver a stiletto of his own.” Shelby Steele. Why Jesse Jackson Hates Obama - WSJ.com


“The remarkable decline in macroeconomic volatility experienced by the U.S. economy since the mid-80s (the so-called Great Moderation) has been accompanied by large changes in the patterns of comovements among output, hours and labor productivity. Those changes are reflected in both conditional and unconditional second moments as well as in the impulse responses to identified shocks. Among other changes, our findings point to (i) an increase in the volatility of hours relative to output, (ii) a shrinking contribution of non-technology shocks to output volatility, and (iii) a change in the cyclical response of labor productivity to those shocks. That evidence suggests a more complex picture than that associated with “good luck” explanations of the Great Moderation.” On the Sources of the Great Moderation (NBER)

Jul 22
“[T]he statement “All models are wrong, but some are useful” is itself a model (of an epistemological system, with many competing models) and thus is paradoxical, being true only if it isn’t. Moreover, although it asserts directly that some models are useful and indirectly that others are not, the statement tells as [sic] nothing as to which is which, so it is not, itself, useful.” Marginal Revolution: Sentences to ponder

“We have become a nation of shoppers. Our heroes? Sex and the City types. Consumerism has replaced soulfulness. We deal with our emotions by purchasing bigger and more expensive items. (Remember Bush’s advice after 9/11? Go to the mall! He didn’t counsel us to grieve.) Let’s all begin to cultivate an inner life, and stop depending on goods and services as a substitute.” Given a Shovel, Americans Dig Deeper Into Debt - Readers’ Comments - The New York Times

Really good.


As the Israeli ambassador to the United Nations, you are about to leave your post after nearly six years and return to Tel Aviv at a time when Iran is releasing touched-up photographs of its latest missile tests and continuing to enrich uranium in defiance of U.N. sanctions. How seriously do you take their threats? Listen to Ahmadinejad, who denies the Holocaust while planning the next one, who talks about wiping Israel off the face of the map — listen to him, and take him at face value.

But what if it’s all bluster? Maybe he’s just a short man who needs to pontificate. For too long, much of the world, including Neville Chamberlain, believed that Hitler was just a crazy short man. I don’t think we can afford to do it again.

Questions for Dan Gillerman - Diplomatic Impunity - Interview - NYTimes.com


“The Palestinians’ real tragedy is that they have not been able to produce a Nelson Mandela.” Questions for Dan Gillerman - Diplomatic Impunity - Interview - NYTimes.com

Page 1 of 69