Tuesday, July 15, 2014
U.S. stocks are now about 80% overvalued on certain key long-term measures, according to research by financial consultant Andrew Smithers, the chairman of Smithers & Co. and one of the few to warn about the bubble of the late 1990s at the time.
In a 2-1 ruling, judges from the 5th U.S. Circuit Court of Appeals found that barring the university from using race would ultimately lead to a less diverse student body in defiance of previous legal precedent that promoting diversity was an important part of education.
The Democrat shook his head. "That's the problem with this White House. Barack Obama is the hero of their narrative, but he's not supposed to be," he said. "The hero of every political narrative should be the voters."
He's the hero of a boring story.
Prof. Philip Hamburger (Columbia), guest-blogging, on his “Is Administrative Law Unlawful?” - The Washington Post
I’m delighted to report that Prof. Philip Hamburger of Columbia Law School — a leading scholar of constitutional law and constitutional history — will be guest-blogging this coming week on his new book, Is Administrative Law Unlawful?:
I've read the first chapter and it looks really, really good.
Perhaps surprisingly, it’s Bill Clinton who emerges as selfish and coldly calculating in the portrait drawn by Halper’s reporting, and Hillary who comes off as warm and caring, albeit charmingly transactional for political gain, particularly with her Republican colleagues in the Senate. All the Clintons are described as obsessed with enriching themselves, using their charitable foundation and the Clinton Global Initiative not only to perform good works but also to help support an imperial lifestyle and provide Hillary’s presidential ambitions with a vast political infrastructure.
So chalking up the president's performance to incompetence doesn't tell the whole story. Everybody who really matters to the president, politically and perhaps emotionally, is pushing against strong action at the border. Why would he alienate them, and ignore his own inclinations, to do what Republicans want?
In his new book, “Missing Microbes,” Dr. Blaser links the declining variety within the microbiome to our increased susceptibility to serious, often chronic conditions, from allergies and celiac disease to Type 1 diabetes and obesity. He and others primarily blame antibiotics for the connection.
I smell a new trend.
The occasion of this revelation is a paper by John Hibbing of the University of Nebraska and his colleagues, arguing that political conservatives have a "negativity bias," meaning that they are physiologically more attuned to negative (threatening, disgusting) stimuli in their environments. In the process, Hibbing et al. marshall a large body of evidence, including their own experiments using eye trackers and other devices to measure the involuntary responses of political partisans to different types of images. One finding? That conservatives respond much more rapidly to threatening and aversive stimuli (for instance, images of "a very large spider on the face of a frightened person, a dazed individual with a bloody face, and an open wound with maggots in it," as one of their papers put it.)
This story is absolutely revolting.
We Can See Political Bias From Space - World leaders illuminate their hometowns like a Lite-Brite, researchers claim
(Newser) – Deceased dictator Mobutu Sese Seko wanted his hometown to shine brighter than the diamonds he ransacked from the Congo’s coffers—and he apparently isn’t the only world leader to shed some light (and money and resources) on his birthplace. Researchers say that political favoritism can, as LiveScience puts it, "literally be seen from space." The home regions of leaders become brighter at night after they come into power—and then appear to fade back to black after the leader dies, retires, or is otherwise deposed.