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5. For a while, they were asking for people to knit penguin sweaters, so that oiled penguins wouldn't try to preen themselves (and poison themselves) before they could be cleaned.

Out of context quote of the day: "the United States is arguably less suitable for a single currency than Europe" -Paul Krugman, 1992

Whenever Krugman says something blatantly, blindingly stupid, it's only because you have taken him out of context. It's just one of those rules.

If you want a real quote of the day, check out the comment at #3:

>>"It is pretty taboo to talk about racism against blacks in this society, so I congratulate you on doing so."

High comedy.

Actually, I like the comment "Never underestimate the racism of people toward blacks,"

Now we don't have to, it is exactly 20%

I’m not sure you should call it racism. I would expect that Chinese would rather buy from other Chinese. But Asians can’t be racist, right? Seriously, it’s just a matter of comfort and trust. Yes, the consequences are unfortunate, but it’s a deeply ingrained human trait to feel more comfortable with/around people that are similar to oneself.

Why pick skin color as the characteristic by which you measure similarity. Why not culture, language, height or even hair or eye color.

Joan, skin color in the US is culture, and it is far more important than height or eye color (but you knew all this already...).

Without even looking, I'd betting he says the mobility of our labor markets and our nationwide stabilizers make the common currency possible.

I know he's PK and says things that make us angry, but don't go making up more stuff when there's already enough for us to rage against.

Excellent links in #2 (especially those about Kahneman).

http://blogdredd.blogspot.com/2011/10/on-new-meaning-of-human.html

4. how many € is that?

3. Implications for Ethnic Dining Guide?

4. Drat, the secret's out. I've got no chance now. Good, back to Murakami.

5. If my uninsured container fell off a ship I'm not sure how I would react. I might feel liberated.

Re 1. Shouldn't this be "relativistic finance" rather than "Quantum Derivatives"? For what it is worth, Feynman Diagrams have been used in finance, for example for rapid calculation of greeks for various shades of exotic options. The standard diffusion equation is an imaginary time version of the schroedinger equation, and the convergence questions are actually much simpler.

1. Build those islands out in the ocean. Put the world's top "financial geniuses" on them. Sink the islands.

Like the old joke:

"What do you call 100,000 lawyers on the bottom of the ocean?"

"A good start".

5. ""New Zealand's worst maritime disaster"??? Loss of some containers and some fuel oil? Not even close, unless ecologic harm is now worse than loss of human life.

What about the ferry Wahine in 1968 which killed 53 people, or the rather epic Orpheus foundering in the 1860s which killed 189. Astrolabe Reef is a pretty famous navigational hazard with tons of wrecks. It is not a coral reef, people forget that reef was originally a nautical term for a linear barrier to navigation.

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