J. Bradford DeLong's Blog, page 2290
June 8, 2010
Liveblogging World War II: June 9, 1940
Flash: Elements of the Nazi Seventh Panzer Division commanded by Major General Erwin Rommel have crossed the Seine River...
Flash: Republican Senate Nominee Carly Fiorina Unveils Plan for California: Reduce Headcount by 50%
"If we can get the headcount in California down to 17 million," she told reporters this evening, "we can restore California to profitability and being once again paying dividends to our institutional investors."
Meg Whitman GOP Primary Win, Item Condition New, $81,000,000. YOU HAVE BOUGHT THIS ITEM
Twitter / daveweigel: Meg Whitman GOP primary wi ...: Meg Whitman GOP primary win, item condition new, $81,000,000. YOU HAVE BOUGHT THIS ITEM. (via @Wonkette)
links for 2010-06-08
Michael Calore: Review: New Features Bring Safari 5 Up to Speed | Webmonkey | Wired.com
David Weigel: Ben Stein: Defending the Anti-Semitic Fred Malek by Lying
Gideon Rachman: The threat from sheep
Paul Krugman's Cameo in Get Him to the Greek
...
Stephen Gordon: Stimulus? What Stimulus?
He writes, stressing a too-often unstressed--nay, unmentioned--fact:
Worthwhile Canadian Initiative: Stimulus? What stimulus?: Robert Reich on the risks of a 'double-dip' recession in the US:
The only reason the economy isn’t in a double-dip recession already is because of three temporary boosts: the federal stimulus (of which 75 percent has been spent), near-zero interest rates (which can’t continue much longer without igniting speculative bubbles), and replacements (consumers...
Martin Wolf contra the Pain Caucus
By my lights Martin Wolf is, of course, completely correct:
Martin Wolf - Fear must not blind us to deflation’s dangers: A consensus is forming that policymakers should tighten fiscal policy, sharply, in countries with large fiscal deficits. Yet what makes these policymakers sure that business and consumers will spend in response to austerity? What if they find that it tips economies into recession, or even deflation? In last weekend’s communiqué of the Group of 20 leading economies...
So Much for the Claim That We Will Make Different Mistakes from Those Made During the Great Depression
Paul Krugman:
Madmen In Authority: So how much we spend on supporting the economy in 2010 and 2011 is almost irrelevant to the fundamental budget picture. Why, then, are Very Serious People demanding immediate fiscal austerity? The answer is, to reassure the markets — because the markets supposedly won’t believe in the willingness of governments to engage in long-run fiscal reform unless they inflict pointless pain right now... markets will turn on us unless we demonstrate a willingness...
What's in the Cards for Our Economy? APM Marketplace
KAI RYSSDAL: 3M and McDonald's aren't the most likely of corporate bedfellows. But they made similar news this morning. Both said problems in Europe -- specifically the falling Euro, which makes what they sell more expensive over there -- is going to hit them right in the bottom lines. You roll Europe's debt crisis up with the weak jobs report we had here on Friday, and there's some speculation about a most unwelcome economic possibility: A double-dip recession. To...
June 7, 2010
Liveblogging World War II: June 8, 1940
From World War II Day-by-Day
World War II Day-By-Day: Day 282 June 8, 1940: At 3 AM, aircraft carrier HMS Glorious sails for Scapa Flow with destroyers HMS Ardent & HMS Acasta (these vessels are not needed to escort troop transports). Captain Guy D’Oyly Hughes does not post top look-outs or fly patrol aircraft and runs into German battleships Scharnhorst and Gneisenau, 170 miles off the Norwegian coast. At 4.30 PM, Scharnhorst and Gneisenau open fire from 24km, one of the longest hits...
links for 2010-06-07
"the 65m wide Darvaza gas crater. It used to be a modest Soviet mine shaft that collapsed into a cavern of gas... local engineers set the gas on on fire – it's its been burning and lighting up the desert sky ever since. Even for an experience junkie a visit to the crater is difficult to adequately describe... a couple of hours driving through the relentless desert to reach from Ashgabat; it's a very large 65m x...
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