1. New World Bank blog on the financial crisis
3. How ants avoid traffic jams
4. 96 pt. type and day-after newspaper arbitrage
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2. I’d go with Summers. He seems like a guy who doesn’t care about appearances. Heuristic, yes. But, who other than a professor would want to fake that signal? Appearances seems to be all Fed Governors seem to think about.
Let me guess, the ant queen exacts a toll on the ant trails so the marginal cost of using the trail equals marginal benefit?
kevin i think there’s a lot more emotional attachment to obama’s win. there are so many people who thought the US could never have a black president, and who’ve been really angry with the last 8 years. half the people i know were so happy they were crying. on the other hand, everyone knew that eventually the number would switch from 1999 to 2000 and it didnt really represent a massive sea change.
Last sentence sums it up nicely, “If Summers ends up with the Treasury job, it’s more than a little reassuring that he’d still have Geithner at the New York Fed–telling him when he’s full of it.”
Geithner is already doing a great job in his current position and is only a phone call away for consult. Summers is excellent and wouldn’t be stressed by the politics of the job.
Though the imagery of cars on the highway veering across the median to physically ‘redirect’ oncoming traffic to a new route is amusing, in a Death Race 2000 sort of way.
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