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Return of the Mac

There’s lots of excitement surrounding the iPhone. But I think the Mac could turn out to be just as big a story.
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Credit Where Credit Is Due

Citi blames high interest rates for its weak results; JP Morgan thanks low interest rates for its good ones.
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Why New York City Property Is Only Going Up

New York City is a unique property market, which can and will continue to appreciate even if the rest of the US sees a significant slowdown.
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Why New York City Property Is Only Going Up

Let me stick my neck out on the future direction of housing prices in the US. I think that we’re in the middle of a mildly chaotic move from a pretty flat price distribution to one which looks much more … Continue reading

Posted in Econoblog | 7 Comments

Simple bond mathematics

Dean Baker doesn’t seem to quite understand how the inverse relation between price and yield works in practice: Back in the summer of 2003, the interest rate on the 10-year treasury bond bottomed out at 3.05 percent. Today, it stands … Continue reading

Posted in Econoblog | 2 Comments

Rent vs buy calculations

There’s an interesting debate going on in the comments section of yesterday’s housing post about the relative costs of buying and renting a house. David Sucher is in Seattle: We have had a great discrepancy between buying & renting since … Continue reading

Posted in Econoblog | 16 Comments

Top women artists

I’m a little late to this game, but I just found the New Economist blog entry on David Galenson’s paper on the subject of women artists. Galenson added up the number of times that women artists’ work appeared in textbooks … Continue reading

Posted in Econoblog, Not economics | 7 Comments

Reading the EMTA volume survey

I love getting nerdy with EMTA’s volume surveys, and now they’ve released the big annual survey for all of 2006. In case the press release has disappeared behind a firewall again, here’s the gist: Emerging Markets debt trading reached its … Continue reading

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Mutual funds: Is there correlation between past performance and future performance?

Free Exchange and Blodget agree: past performance is no guide to future results, when it comes to mutual-fund returns. Is this true? I posed the question back in 2004, when I wrote this: When a rather obnoxious man at Citibank … Continue reading

Posted in Econoblog | 2 Comments

Ecuador: Is the government manipulating the bond market?

Are you still reading the EIU report on Ecuador from last Friday? Silly. Don’t believe for a second that anything in Ecuador can remain germane through a whole weekend. (For what it’s worth, the EIU has Ecuador on a CCC … Continue reading

Posted in Econoblog | 10 Comments

Hedge funds: Not just carry-traders!

First, Sushil Wadhwani closed his flagship $1 billion global macro hedge fund, which lost money in 2006. Reports Edward Chancellor at Breaking Views: Wadhwani believed that the gaping US trade deficit would push down the value of the dollar against … Continue reading

Posted in Econoblog | 2 Comments

Illegal aliens in Brewster

January 9 was an unseasonably warm day in Brewster, NY, a small town near the Connecticut border. As on most days, a number of day-laborers gathered in the village center, hoping for some kind of work, probably in construction. When … Continue reading

Posted in Not economics | 6 Comments

Public transport in London and Germany

I was in Europe for the past three weeks, hence the light posting. I travelled around London and Germany, and although it won’t surprise anyone to hear that the public transportation system in Germany is much better than it is … Continue reading

Posted in Uncategorized | 17 Comments

Public schools are better than private schools

Wow. This is HUGE, and no one seems to have noticed it. Back in May 2005, Sarah Theule Lubienski and Christopher Lubienski published a report in the Phi Delta Kappan saying that after controlling for student background, mathematics achievement in … Continue reading

Posted in Uncategorized | 21 Comments

Antarctica update

My sister’s blog has now been spun off to its own site, rhiansalmon.com – which has just been updated with a fascinating post about the results of all the science she was doing in Antarctica. By measuring lots of different … Continue reading

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Report Report Report 3: Alcohol merchandise

You can take your news straight, or you can take it with a generous dose of snark. Either way, the story seems clear. Here’s Amy Norton, of Reuters: Middle-schoolers who sport alcohol-branded T-shirts and caps may start to drink sooner … Continue reading

Posted in Uncategorized | 1 Comment

Report Report Report 2: Atheists

My eyebrows went up when I saw this report from the Minnesota Daily: Atheists are America’s least trusted group, according to a national survey conducted by University sociology researchers. Based on a telephone survey of more than 2,000 households and … Continue reading

Posted in Uncategorized | 4 Comments

Ethiopian drought insurance

This is one of those stories which raise more questions than they answer: an innovative approach to aid in Africa. The World Food Program, a United Nations agency, spent $930,000 on an insurance policy with French insurer AXA Re. If … Continue reading

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Kottke and promises

One year ago, Jason Kottke gave up his $10,000-a-month web design gig to become a full-time blogger. A good website, he assured us, was about to get much better: The goal is to use the increased level of focus and … Continue reading

Posted in Uncategorized | 11 Comments

Wine Contest!

I hosted a wine contest last night. Thirteen people came, and each brought two bottles of wine. We all tasted one of the bottles, while the other bottle was put into a prize pool. (Hat tip to Gothamist for the … Continue reading

Posted in Uncategorized | 15 Comments

Rhian in America

Much to my surprise, I love America. We spend a lot of time in Britain bitching about America, Americans, Americanisms and of course the American administration. It’s very easy. But whenever I come here, I find some things very comfortable … Continue reading

Posted in Rhian in Antarctica | 21 Comments

Science (or, should Rhian write a book?)

I want to write about science. Well, I don’t really, I’m dragging my heavy arms to the keyboard, I have surfed every website I can think of, I have even done the washing up. It’s not that I don’t like … Continue reading

Posted in Uncategorized | 3 Comments

London

I’ve just got back from London, after an absence of about a year in which time I bought a New York City apartment. I don’t know if that’s why, but this time was my first visit ever where I didn’t … Continue reading

Posted in Culture | 13 Comments

Freakonomics

Last year, I said some nice things about Steven Levitt and Stephen Dubner, or at least about an article they wrote in the New York Times Magazine: The best piece of all in the magazine, however, doesn’t look big, it … Continue reading

Posted in Finance | 27 Comments

Sweden and theWashington Consensus

Both Paul O’Mahoney and Stefan Geens link to a piece by Daniel Brook in Dissent magazine entitled "How Sweden Tweaked the Washington Consensus". It’s mainly interesting, I think, for confirming Stefan’s prejudice about leftists and their degree of understanding of … Continue reading

Posted in Finance | 6 Comments