actually has a pretty good piece providing a lot of info concerning ETA and a new generation of etarras looking to kill people. Of course, for good commentary in English check out Iberian Notes
David Bernstein over at the Volokh Conspiracy brings up
an interesting question about the proper ways to invest during a time of low interest rates with an expected (though uncertain) rise exptected to come.
Dan Drezner links
to a great article from the Heritage Foundation about the winners and losers in todays economy. The article and Dan's explanation provide good insight into who exactly makes up the unemployed right now and how much of the noise over 'outsourcing' is just that, noise.
Unfortunately, Dan didn't provide a link for me
to get a job.
It's a great time to go into debt
(or further into debt). Atleast that's what a lot of people have decided. This is great news for my brother who works for a lender on a commision basis. Bad news for real estate investors, though. Sure, there's a lot of free money out there, but all this cash is floating those prices and killing rents. I bet condo developers are making a killing. Sure enough, sales of luxury Condos at Trumps new development in Chicago have been brisk enough to convince
Trump to reconfigure his plan to add more Condos, that and a dead Office market. It well be interesting to see what happens once the economy picks up and rates rise; although they are so low now that I wonder how much they would have to rise to make a difference. Either way, I think we're in a kind of real estate bubble. Should make for some good deals on the way down, better go work up some capital.
Over at Matt Welch's blog
a reader writes in to complain about blogads and the hockey season, and Matt agrees.
I like hockey, but professional hockey sucks. The season is
too long and everyone makes the playoffs. Furthermore, the league is way over-expanded. Now, the players are considering striking. I know some of the owners make a mint, but a lot of teams are struggling and the league in general is in trouble
. A strike would be bad news, and if the strike leads to some teams closing up shop; well that means less positions for players. Right now the economics just don't work and like it or not the players are facing a contraction in pay rates or a contraction of the league, possibly both. If I were them, I do my best to prevent both from happening, which could be the result of a strike.
Ben Nighthorse Campbell has announced that he will not be seeking to retain his Senate seat, meaning that there will no longer
be an Indian in the Senate. I was an intern one summer in DC and I always thought it was cool to see Senator Campbell's Harley parked out front of the Capital.
Collin May, himself a Canadian, writes
about some of the problems affecting Canada right now, particularly the east-west devide. I've always been interested in Canada and try to follow its politics. Things there are a mess right now, and I feel if it was for the U.S. providing an anchor on which to define themselves, Canadians would lack an coherent sense of a nation. This is especially true of those who live in Southern Ontario, which is a tightly packed little wonderland in North America, anchored by my favorite city Toronto. However, most residents of the region barely acknowledge the rest of Canada. They have some vague notion of the French to the east, but if you listened to them it would seem if there was nothing out west but a few wile blue-eyed sheiks that raise a ruckus every now and then. To them, the west is nothing more than two ski resorts and a vacation in Vancouver.
Okay, back for another day studying real estate transactions, the basis of our legal system. Meanwhile the arse's in the Aussie High Court have handed down a ruling
that doesn't bode well for the internet. I say kick'em out of the common law (we can do that, right). I'll be back when I haven't procrastinated enough.
Attakullakulla Speaks! I shout out something meaningful when I actually finish these finals.
Believe in the Future.
Email the Sachem: Overspeaker (at) yahoo (dot) com
12/08/2002 - 12/15/2002
02/29/2004 - 03/07/2004
03/07/2004 - 03/14/2004