The Fifth Definition

Paul Krugman explains why Keynesian economists have now begun to switch to a fifth definition of inflation, “core inflation”, that is distinct and increasingly distant from the Keynesian school’s theoretical, official, textbook, and practical definitions. Since I’m taking a break from shoveling, I thought I might take a few minutes to address an issue that […]

Monday column

Fixing the Mortgage Fraud It is both extraordinary and amusing to see how fast Washington and the Wall Street lapdogs that presently pass for our financial media have been forced to turn on a dime by the exposure of pervasive criminal activity on the part of mortgage-backed security sellers. The summer-long collusion of the Republican […]

The media wakes up

The Washington Post finally notices that there might be a little problem in the housing market: Senior Obama administration officials said Friday that a nationwide moratorium on foreclosure sales may be inevitable, despite their grave reservations about the impact a broad freeze would have on the nation’s housing market and economic recovery…. With foreclosed properties […]

Mailvox: the homophobia hypothesis

CM was one of the few first-time emailers to write in regarding the Clementi suicide who managed to remain coherent, civil, and emotionally continent in objection to my post on the subject: My evangelical brother told me about your blogging on the Clementi suicide. He directed me to it because he thought I had made […]

Take a look around

What we have here in this prediction of evangelical collapse is a very typically American failure to look beyond the cultural borders while attempting to contemplate global trends: We are on the verge – within 10 years – of a major collapse of evangelical Christianity. This breakdown will follow the deterioration of the mainline Protestant […]

You might want to check that

The claims of average temperatures rising don’t mean a whole lot when the thermometers don’t work: US Government admits satellite temperature readings “degraded.” All data taken offline in shock move. Global warming temperatures may be 10 to 15 degrees too high. The fault was first detected after a tip off from an anonymous member of […]

The end of trend

Nicholas Kristof is correct to say that men should not be written off, but for the wrong reasons: With women making far-reaching gains, there’s a larger question. Are women simply better-suited than men to today’s jobs? The Atlantic raised this issue provocatively in this month’s issue with a cover story by Hanna Rosin bluntly entitled, […]

Worse than Katrina

I expected Obama to be worse than Bush in many ways. I did not, however, expect his administration’s response to a natural or environmental disaster to be even more incompetent than the Bush administration’s response to Hurricane Katrina: Sixteen barges sat stationary today, although they were sucking up thousands of gallons of BP’s oil as […]

Public schools find a use for homeschoolers

I find these administrative shenanigans to be more than a little amusing: More than 22,620 Texas secondary students who stopped showing up for class in 2008 were excluded from the state’s dropout statistics because administrators said they were being home-schooled, according to Texas Education Agency figures. But that’s where the scrutiny of this growing population […]

Republican Party liars

At least with Obama, you know perfectly well that he wants to turn USA into a quasi-socialist third-world hellhole for the benefit of Goldman Sachs and the rest of Wall Street: Dobson pulls Grayson endorsement, backs Paul Just a week after backing Trey Grayson in the Kentucky Senate race, evangelical leader Dr. James Dobson pulled […]