8 hours and 11 minutes, per day. That’s how much TV the average American watches. My mind = blown. That’s a second job! Link via Gadling
Monthly Archives: August 2007
Debtor Nation
Harvard Magazine has a good article up online called Debtor Nation. The four pages give an overview of the current situation with the US economy and currency and its dependence on debt. The global imbalances created by this dynamic of American borrowing and foreign lending appear stable for now, but if they slip suddenly, that …
Diving in the park
I did a 45 minute dive at the La Jolla Cove kelp beds this morning with a buddy. Visibility was only 5-10 feet. But the surface temp was 74, and the coldest water we hit was 64 degrees. We saw a lot of kelp bass and a few large schools out, but no large fish …
China flexing
This is hardly surprising: Two Chinese officials at leading Communist Party bodies have given interviews in recent days warning, for the first time, that Beijing may use its $1,330bn (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks …
Fed bubble bailout
Hillary, check your head. “Mrs Clinton proposed expansion of the groups among measures to tackle weaknesses in the mortgage market and Âsupport homeowners. She vowed to clamp down on “unfair lending practices†and create a $1bn federal fund to help homeowners avoid foreclosure. Mrs Clinton said fixing the mortgage crisis would be among the priorities …