Obama and Clinton are buying into a bottomed-out market vis-à-vis America’s position in the world. It is as if they will be buying stock after the market has crashed, and just at the point when a number of factors are already set in motion for a recovery. For President George W. Bush did not just damage America’s position in the world, he has also, over the past two years, quietly repositioned himself as a realist in foreign policy, and that, coupled with a bold new strategy in Iraq, known as the “surge,” has poised America for a diplomatic rebound, which the next administration will get the credit for carrying out.

I have to say I find that reasoning persuasive, although it is absolute heresy to the left. I wish Obama could have kept Condoleezza Rice on as Secretary of State. In retrospect, I think I think I have more respect for her than anyone else in the Bush Administration. As for having Hillary in that role. Well, hrm, ok, maybe, we'll see...

Obama's Foreign Policy: Buying in at the Bottom - The Atlantic (November 25, 2008)

Worthersee wrote:

:) I used to have this on my cube at work.

RE: Smoky The Nanobot

Princeton economists review recent events on Wall Street and assess the implications for the economy and public policy.

If you are short on time, you might consider skipping to Krugman at 50:00...

YouTube - Crisis on Wall Street - Gold Star

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Another crisis, another massive power grab.

naked capitalism: Why You Should Hate the Treasury Bailout Proposal

Science Debate 2008 worked with the leading organizations listed to craft the top 14 questions the candidates should answer. These questions are broad enough to allow for wide variations in response, but they are specific enough to help guide the discussion toward many of the largest and most important unresolved challenges currently facing the United States.

There are probably many readers interested in this. Both candidates claim they will support increased funding for basic science research.

Sciencedebate 2008

At a press conference this morning at the National Press club in Washington, the Space Solar Alliance for Future Energy (SSAFE) announced a milestone demonstration of the critical technology enabling SBSP:  long-distance, solar-powered wireless power transmission.

The Technology Liberation Front » A Major Milestone for Space-Based Solar Power (SBSP)

Stay current on the issue. More here.

Has the Large Hadron Collider destroyed the world yet?

Many of Georgia's internet servers were under external control from late Thursday,' before the actual war began.

Slashdot | Evidence of Russian Cyberwarfare Against Georgia

CypherGhost wrote:

The bottom line is that in blind wine tastings, there is a zero or even slightly negative correlation between the ratings of regular people and the price of the wine they are drinking; for experts the relationship between rating and price is positive.

I enjoyed this short article, and the first blog post it links.

When my friend Mark first started exposing me to decent wine I was subject to numerous blind taste tests in which I was asked to select the more expensive bottle. I was consistently wrong when I first started. I am fooled less easily today, but wine is a very complicated thing and it takes a long time, and a lot of bottles, to get good at it and to have a good appreciation for a wide array of variatals. Thats part of what makes it fun. There is always something new to discover. Something else to learn.

There are some potential problems with running these kinds of blind taste tests particularly with two decanters that contain the same bottle. The first is that the character of a wine changes as it oxidates. If you had the same bottle appearing twice in a taste test, and you tried it first, just after it was opened, and then again after it had been sitting out for half an hour, it would taste much better the second time, particularly if it was higher quality or older.

The second is that your perception of wine is contextual. This is why people pair particular foods with particular kinds of wine, and why wine in general goes well with some kinds of food (like pasta) and terrible with other kinds (like hot wings). What you have tasted before tasting the wine effects your perception of how the wine tastes.

My advice is to always drink your cheapest bottle first. (More expensive does not always mean better, but it often does.) You'll appreciate a really good wine after a glass of average wine even more than you would if you started with that good bottle and you had nothing to compare it to. In the blind taste test if you had tried the repeating bottle first, with no context, you might have given it a medicore rating, and then if you tried it again immediately after having tried a cheap wine, you might have found it singing!

Of course, my sister suggests that I am more impressed with the quality of my wines as the evening goes on and I get more drunk. I insist that this cannot be the case. :)

The economist's suggestion, that ignorance is bliss, is a perfect example of why accounting is the opposite of art. I've found getting better at drinking wine to be very fun and rewarding. Really great wine and really great gourmet food can provide an experience that is completely different than ordinary eating -- its not about satisfying hunger but more about experimenting with the range of flavors that you are capable of experiencing... Its worth knowing why cooking can be considered an art, but you can't just roll up to an ex... [ Read More (0.2k in body) ]

RE: Keep the Cheap Wine Flowing - Freakonomics - Opinion - New York Times Blog

In October, the house sold at auction for $304,500.

It resold in January for $625,000.

"They lied to us," he said of the sellers. "They said the house was really $500,000, but when I bought it, the papers said $625,000."

Gomez said someone else – he's not sure exactly who – paid the $125,000 down payment.

"I didn't pay any money down," Gomez said. "The man who sold it to me said, 'No money, no problem.' And later he told me I would get $30,000 for buying the house."

From an envelope containing his loan papers, Gomez produced a two-page document titled "Addendum to contract" signed by Praslin. The memo, mostly handwritten, said that if the purchase went through, Praslin would pay Gomez $30,000, cover the first three mortgage payments and throw in a 52-inch LCD television.

How people flip houses.