Why is diesel even more expensive than gas? "Next time we notice that diesel prices are a dollar more a gallon than gas prices, instead of wondering why diesel is so expensive, maybe instead we should breath breathe a sigh of relief, and thank heaven that gas is still so cheap."
The Credit Default Swap (“CDS”) Market – Will It Unravel? "Recent credit events have been straightforward Chapter 11 filings and bankruptcy. For other credit events (failure to pay or restructuring), there may be problems in establishing that the credit event took place. This has a systemic dimension. A CDS protection buyer may have to put the reference entity into bankruptcy or Chapter 11 in order to be able to settle the contract."
Carbon Taxes vs Cap-and-Trade: Mark Thoma reviews the latest spat in the blogosphere. Upshot: the two options are much less different than the likes of Robert Samuelson would have you believe, and in many ways they’re identical.
What the Fed forgot: The dollar.
The Amsterdam urinals: The behavioral economics of public urination. I’ve seen flies at the bottom of urinals in more than one city, not including Amsterdam. This is catching on.