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.
Believe in the Future.
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12/08/2002 - 12/15/2002
02/29/2004 - 03/07/2004
03/07/2004 - 03/14/2004