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Jim Norris posted a link
More thinking about Non-Blocking structures
yesterday at 7:04 pm - via Bookmarklet - Link
"I like the notion of using arrays to hold collections (efficiency (really cool paper), ease of access), but how do you incrementally migrate a collection from one array to another without blocking? By it's nature, you can't atomically update the entire array at one go. By the nature of concurrency, there can always be a 'late arriving writer' who wants to update the old array and isn't aware that a migration is in progress. If you let the writer's write proceed, you risk losing his update (classic hard problem in non-blocking algorithms: dropped update during a 'resize'). How do you get the late-writer's attention that something is going on, when (pretty much by definition) checking an unrelated volatile flag can't do the job?" - Jim Norris via Bookmarklet
What's this about? - ⓞnor
Implementation of non-blocking data structures. Multi-threaded madness. - Jason Wehmhoener
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Jim Norris posted a link
EliasFanoMonotoneLongBigList (Sux4J 1.0.2)
Thursday at 9:00 pm - via Bookmarklet - Link
"Given a (nondecreasing) monotone sequence x0, x1,… , xn − 1 of natural numbers smaller than u, the Elias–Fano representation makes it possible to store it using at most 2 + log(u/n) bits per element, which is very close to the information-theoretical lower bound ≈ log e + log(u/n). A typical example is a list of pointer into records of a large file: instead of using, for each pointer, a number of bit sufficient to express the length of the file, the Elias–Fano representation makes it possible to use, for each pointer, a number of bits roughly equal to the logarithm of the average length of a record." - Jim Norris via Bookmarklet
Perfect for a posting list? - ⓞnor
lolwut? - Tad Donaghe
Seems like the only way to construct one, which presumably uses byte arrays underneath, is to pass it an iterator to copy the longs from. So you're using twice the space, at least for a while... - DeWitt Clinton
Ah, nevermind, you can add new values in incrementally. And it is serializable, so perhaps you'd persist and depersist it as well. - DeWitt Clinton
Here's the 1974 paper at ACM: http://portal.acm.org/citation... - DeWitt Clinton
Twitter
DeWitt Clinton posted a message on Twitter
del.icio.us
Trisha Okubo bookmarked a page on del.icio.us
Microblogging: Twitter and Other Blogging Tools (Newsweek.com)
Thursday at 1:24 pm - Link
Microblogging service Twitter, with 1.2 million unique visitors in May and said to have an estimated value of around $100 million, has inspired a whole range of copycats and sites that aggregate them. - Trisha Okubo
"For example, FriendFeed, Swurl and Spokeo are slightly creepy new tools that allow users to see a wide swath of their friends' online activity in one place." - Jim Norris
Google Reader
Jennie Lin shared an item on Google Reader
Spend More Today
Thursday at 10:35 am - Link
"My wife once asked me whether we were saving enough for "our" retirement. "Sure," I said, "don't forget one of us will probably die before the other and I'm not saving for your future husband." " - RAPatton
ha ha guys, really funny... - Kamilah Gill
Show 2 more comments
It is funny, but the guy has a point. My wife writes financial materials so we read a lot on the subject, and there are many who think that they amount the quantity needed for retirement saving is over sold. That being said, I am saving anyways because whatever is left over goes to my sons (my wife has orders to not financially indulge the boy toys after my death :) ). - RAPatton
"Money's not so valuable if you don't need it to or can't use it to attract a mate." So true... - Jim Norris
@Jim, So which is it "don't need it or can't use it" to attract a mate? Inquiring minds want to know... - Steve Craft
It seems unlikely to me that Americans, on average, err on the side of saving too much. - Clare Dibble
One of my friends' parents died in her 50s without spending their savings. She now spends more. - Mitchell Tsai
Google Reader
Jennie Lin shared an item on Google Reader
Larry Summers on the agencies
Thursday at 10:35 am - Link
It is hard in this world to do well. It is hard to do good. When I hear a claim that an institution is going to do both, I reach for my wallet. You should too. - Jennie Lin
Maybe I interpreted "reach for my wallet" the wrong way, as "pulling out my wallet to give them money" rather than "checking whether my money's still there." - Jim Norris
@Jim :D - Anne Bouey
Google Reader
Tessa MacDuff shared an item on Google Reader
"I hereby declare, on oath..."
Thursday at 10:37 am - Link
Blog
Goldie posted an entry on Goldie Blogs You Better!
Waiting for the official first post :)
Thursday at 12:28 am - Link
Is it here yet? - Jim Norris
haha, yep :P - Goldie
FriendFeed
Bret Taylor posted a message
“Karen brought me to Gary Danko for my birthday tonight”
Karen brought me to Gary Danko for my birthday tonight
Wednesday at 7:25 pm - via mail2ff - Link
Belated Happy Birthday :-) - AJ Batac
Yummmmm! - Mo Kargas
Show 11 more comments
Happy Bday Bret and dayam...good taste Karen - Jini
Very cool. Will you be posting more pictures? We've had several great meals there. - Derek
That's where we went to celebrate my birthday, too. - April Buchheit
That's been the anniversary dinner place for my wife and me the last few years. - Hutch Carpenter
Happy birthday Bret! - Mitchell Tsai
My favorite restaurant!!! Love it. - Clay B.
Happy Bday on your real bday - Bindu Reddy
Happy B'dau Dude.. dont be coding 2nite !! - Peter Dawson
Happy bidet Bret - Daniel Dulitz
Happy birthday!!!!! - niniane
did you have the chocolate suffle? Once you have it at Danko, nowhere else is good enough. - David Jeske
@David: yes, that is my favorite as well, and it was amazing. - Bret Taylor
I'm jealous :) - Sheila Taylor
I'm going this Sunday night! :) - Mike Cassidy
FriendFeed
Anne Bouey posted a link
Lack of bank note paper threatens Zimbabwe economy - Los Angeles Times
Lack of bank note paper threatens Zimbabwe economy - Los Angeles Times
Tuesday at 11:57 am - via Bookmarklet - Link
"It has come to this: Zimbabwe is about to run out of the paper to print money on." - Anne Bouey via Bookmarklet
"As hyperinflation spiraled last year, Fidelity printed million-dollar notes, then 5-million, 10-million, 25-million, 50-million. This year, it has been forced to print 100-million, 250-million and 500-million notes in rapid succession, all now practically worthless. The highest denomination is now 50 billion Zimbabwean dollars (worth a U.S. dollar on the street). " - Anne Bouey
I' was born there and I tell you its no joke. when a whole generation of kids grows up never using coins. Its really a shame. Some of us living else where don't realize how good we have it. - Tatenda Mbavarira
@Tatenda I visited there last fall. It was sad to see the empty shelves in the grocery stores. Even if a person had multi-million Zimbabwean dollar notes, there was no food to buy. Such a tragic state of affairs. - Anne Bouey
According to http://www.zimbabweanequities.... the current exchange rate is US$1 = Z$241,421,049,361. I could be a Zimbabwe quadrillionaire. - Jim Norris
FriendFeed
Paul Buchheit posted a link
Home!
Home!
Wednesday at 1:34 am - via Bookmarklet - Link
Congratulations!!! - Zee from WeDoCreative
Congratulations to you, April and Camilla. - Louis Gray
Show 24 more comments
Congrats! - sergiooo (droffset)
How cute! - James Tenniswood
cute! i think friendfeed is all about baby photos, the rest of the web is all about cat photos - Allen Stern
so cute!! - ionela
great. - 9000
congratulations, adorable baby - acedanger via twhirl
Sweet picture! Congratulations Paul, April and Camila!! :-) - Susan Beebe
oh my...how cute! - zos
Simply adorable. Congrats! - Yung-Hui Lim
Really cute. Congrats to you and April! - Charlie Anzman
congrats! - Rob Reed
Congrats! - Marco
Did you find that baby in a crate and barrel catalog? Too perfect! - J. Phil
Beautiful! Congratulations! - Abby Martin
So adorable! Congrats! How nice it is to have this picture as the first FF Best Of item. Nothing else matters. BabyFeed :) - Aviv
Yay! Definition of adorable, congrats to Paul, April and Camilla! - Jessica Guynn
Paul, that is a great shot -- congratulations - mathew ingram
Awwwwww... - Jim Norris
Cute! - Sally Church
Congratulations - Bob
Adorable! - Anne Bouey
YAY! - Cyndy
awwwwww to cute and btw FF needs a Baby room - seriosuly.. - Peter Dawson
awwww! how cute! - Sarah Perez
Congratulations... What's with all the cute baby pics today, my wife things I'm up to no good when I keep turning the monitor off. I've got 3, I can't let her get all broody - Chris Wright via twhirl
Sooooooooooo cute! - Dan V
Fantastic! - Mitchell Tsai
FriendFeed
Ross Miller posted a link
USB Missile Launcher - WowZzers!
USB Missile Launcher - WowZzers!
Wednesday at 10:20 am - via Bookmarklet - Link
FriendFeed
Jim Norris posted a link
SourceForge.net: zookeeper » ZooKeeperRecipes
July 14 at 12:37 pm - via Bookmarklet - Link
"Since ZooKeeper is often compared to Chubby it is interesting to see how we can implement Chubby in Zoo Keeper: (Note: this is written using only the published information on Chubby. There are subtleties that are not taken into account, so until Google tests and says otherwise, this is more a rough comparison rather than a drop in replacement.)" - Jim Norris via Bookmarklet
...o.O Somehow your postings always make me feel like a drooling idiot, Jim. What is ZooKeeper? What is Chubby? Is it like a Chumby? Why do we want these things? - Amy Tureen
It's sort of like a Chumby, but different: http://labs.google.com/papers/.... It locks stuff. - Jim Norris
@Amy, You're not alone, Jim is a very "special" person. I gave up trying to understand him but it is good to have people like him around as long as they stay hidden in very nice FriendFeed offices and give me free stuff! Thanks Jim. - Steve Craft
Maybe I should set up different feeds for different sides of my personality — a tech feed, a politics feed, a feed of pictures of cute cats... - Jim Norris
@Jim - the zookeeper recipe title had such potential...reminded me of the new orleans zoo where they had the recipes up next to some of the animals.... - Janine Bouey
Twitter
Kristin Norris posted a message on Twitter
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Anne Bouey posted a link
It's only a cartoon! But Obama adds that New Yorker cover insults Muslims
It's only a cartoon! But Obama adds that New Yorker cover insults Muslims
Tuesday at 11:30 pm - via Bookmarklet - Link
"In his first substantive talk about the magazine's inflammatory cartoon depicting him and his wife as fist-bumping terrorists, Obama told CNN's Larry King the image fueled misconceptions and insulted Muslim Americans." - Anne Bouey via Bookmarklet
wow, the comments below the article are interesting enough by themselves - Kelly Norris
i agree with kelly. the comments are priceless. - Jessie Norris
The cover itself isn't too bad in my opinion. The problem is that if the Obama campaign doesn't complain about it, they'll have a tougher time fighting against other inflammatory images that aren't intended as satire. - Jim Norris
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Jessie Norris posted a link
Air hostess picks up chocolate bar, wins space trip | Oddly Enough | Reuters
Wednesday at 10:58 am - via Bookmarklet - Link
"A French air hostess will become one of Europe's pioneer space tourists after picking a chocolate wrapper out of the rubbish and finding a winning number in a competition to fly to the upper reaches of the earth's atmosphere." - Jessie Norris via Bookmarklet
Is that where Willy Wonka lives now? - Jim Norris
FriendFeed
Amy Tureen posted a link
IZE SORRY I ENDANJURED U « Lolcats ‘n’ Funny Pictures of Cats - I Can Has Cheezburger?
IZE SORRY I ENDANJURED U « Lolcats ‘n’ Funny Pictures of Cats - I Can Has Cheezburger?
Tuesday at 1:44 pm - via Bookmarklet - Link
That's one ugly cat. - Jim Norris
[like] :) - edythe
Actually this is just an example of poachers more humane methods these days. The gentle kiss on top of the head, followed by the sleeper-hold of doom. - Steve Craft
Picasa Web Albums
Jess Lee published a photo on Picasa Web Albums
IMG_1234.jpg
IMG_1234.jpg
Tuesday at 12:27 am - Link
Is the dog a customs agent or an unfortunate detainee of Japanese border control? - Jennie Lin
Maybe it's one of those drug-sniffing dogs. - Jim Norris
Japan has a cute mascot for EVERYTHING. I think that's the Nagoya Airport security checkpoint mascot. - Jess Lee
FriendFeed
Jess Lee posted a link
Laser Cut tees
Laser Cut tees
Laser Cut tees
July 14 at 5:52 pm - via Bookmarklet - Link
Do you like them or hate them? - Jess Lee via Bookmarklet
Probably depends who is wearing it, and whether I want to see more or less of them. - Paul Buchheit
Show 16 more comments
amazing > hate - fiorano
Creepy and hot at the same time! - Josh Lowensohn
I like the web one, the skull not so much. but the technique is cool, hope to see more - just not so representational. - felix
Love 'em! But wouldn't have the guts to wear 'em and if I had a daughter - I wouldn't let her wear them either. lol. - Sonciary Honnoll
I think it's silly but then again, so many things young'uns do nowadays seem silly to me. Why, back in my day... - Morton Fox
I like the spiderweb one. I'd wear that. - Corie Allison
adding on to Paul's comment, if all things being equal, then it really comes down to the 'location' of the cut spot. -_- - Alvin Woon
the left，哈哈！ - xujun
I'm sure people don't want to see my back through the shirt :) - Dylan McIntosh
How does it look from the other side? - Jim Norris
Jim, I would venture to guess that there are fewer holes... - Ross Miller
here's the link for all u ppl wondering wat the front looks like =) http://twurl.nl/173aim - Peter via twhirl
Coming to a Hot Topic near you. Better wear Sunscreen with that. Absolutely useless in public for 3-9 months out of the year depending on where you live. - Jacob
"...and in the future, people pay good money for clothes with holes cut in them!" - Karim
Karim, don't you remember the stupid pre-torn jeans you could buy for $100 back in the 90s? - Tad Donaghe
Those are kinda cool, but will probably only survive washing maybe once?? In the close-up on the site it doesn't look like the edges are finished in any way. - Shannon Jiménez
Why do they have them on backwards? - Tony
I saw a young woman in the DB ticket station with these. They looked kind of funny, but they looked good on her (she had a body that could show them off) --- and yes, the holes were in the front. - Piaw Na
http://www.boingboing.net/2008... Laser engraving/cutting/etc - scary new trend? - Molly Elliott
FriendFeed
Jim Norris posted a link
Commons Javaflow - Overview
July 14 at 12:33 pm - via Bookmarklet - Link
"Sometimes it is usefull if we can capture the state of the application, its stack of function calls, which includes local variables, the global variables and the program counter, and save them into an object. If this object would give us the ability to restart the processing from the point stored in it. A continuation is exactly the type of object that we need. Think of a continuation as an object that, for a given point in your program, contains a snapshot of the stack trace, including all the local variables, and the program counter. You can not only store these things in the continuation object, but also restore the execution of the program from a continuation object. This means that the stack trace and the program counter of the running program become the ones stored in a continuation." - Jim Norris via Bookmarklet
Here's a similar project: http://www.malhar.net/sriram/k... - Gary Burd
FriendFeed
Dan Hsiao posted a link
California High Speed Rail Authority Interactive Map
July 14 at 10:59 am - via Bookmarklet - Link
They've been talking about doing this forever, right? Do you think it'll get built anytime soon? - Dan Hsiao via Bookmarklet
We can only hope... and vote in November... - Ross Miller
Show 4 more comments
Dude! 2030?!?!?!?!? - Jini
@Jini: 2020. The system should be in service in 2020, and become "commercially self-sustainable" in 2030, when it would cross 100M passengers/year. From the text of proposition 1 (which you should vote for in November): "At a minimum, the entire 700-mile system described in the High-Speed Rail Authority’s Business Plan should be constructed and in revenue service by 2020." See http://www.leginfo.ca.gov/pub/... - Tudor Bosman
Construction should start in 2010, and 10 years to build a California-wide train system is a long time, but not unreasonable. Of course, judging by how long it took for BART service to be extended to the San Francisco airport after the project was approved, I'd say 2050 is a more realistic opening date... - Tudor Bosman
I'd pay extra to not have to go through Fresno. - Jim Norris
Sonoma County votes "Yes", Marin County votes "No". Marin is delaying me from accessing SF via smart public transport. Get your "Yes" vote on, Marin! - Andrew Meyer
i just really like the site! great visualization at work here. - Nice Fish Films
Nothing good ever starts from Fresno. - Steve Craft
FriendFeed
edythe posted a link
Readers recommend: songs about colours | Music | guardian.co.uk
Readers recommend: songs about colours | Music | guardian.co.uk
July 14 at 6:19 am - via Bookmarklet - Link
"I have no idea what it will tell us about colour or music - this is another of the themes from Dorian's list of possibilities - but I hope it will be fun anyway. I've been through the A-Z, and can tell you that all these songs have already appeared in previous lists: Kate Bush - the Red Shoes; Prince - Little Red Corvette; Dr Octagon - Blue Flowers; George Gershwin - Rhapsody in Blue; I Monster - Daydream in Blue; Booker T and the MGS - Green Onions; Lemon Pipers - Green Tambourine; Joni Mitchell - Big Yellow Taxi and Little Green; New Model Army - Green and Grey; Chills - Pink Frost; Psychedelic Furs - Pretty in Pink; Sun Ra Arkestra - Pink Elephants On Parade; Roots Manuva - Yellow Submarine; Cyril Tawney - The Grey Tunnel Line; Tori Amos - The Power of Orange Knickers." - edythe via Bookmarklet
Sammy Hagar: "Red", Billy Joel: "Blonde Over Blue", AC/DC: "Back In Black", Living Colour: "What's Your Favorite Color?" - Roger Benningfield
Show 8 more comments
The Velvet Underground - White Light/White Heat, Miles Davis - Kind of Blue - Sean McBride
Red High Heels - Jane Siberry; Black is the Color of My True Love's Hair - Nina Simone - edythe
Jimi Hendrix - Bold As Love - Benjamin Golub
Don't you mean "Purple Haze"? - Jim Norris
Purple Haze is another good example. Bold as Love goes through the whole rainbow: http://www.youtube.com/watch?v... (one of my favorite songs) - Benjamin Golub
Just ask the antses... - Harvey Simmons
Ahh, I thought it had to be in the title. - Jim Norris
Rules were meant to be broken? - Benjamin Golub
@bgolub: Nice share, Benjamin. - Dread Pirate PJ via NoiseRiver
Any Colour You like - Pink Floyd, Black - Pearl Jam, Black Country Woman - Led Zeppelin, Black Cross - Red Hot Chili Peppers, Black Girlfriend - Porno for Pyros, Black Girls- Violent Femmes, Black Hole Sun - Soundgarden, Black Horse & The Cherry Tree - KT Tunstall, Black Masks and Gasoline - Rise Against, Black Math - The White Stipes, Black Sabbath - Black Sabbath, Black Tambourine - Beck, Black Tongue - Yeah Yeah Yeahs, Blood Red, White & Blue - Rise Against, Blue Moon - The Marcels (lots of blue) - Larry Kless
larry k, good list. :) - edythe
FriendFeed
Amy Tureen posted a message
“Waiting Music Fail: Called the University counseling centre and was placed on hold. They must share their music feed with the university pubs because I'm fairly sure they didn't intentionally choose the song "Insane In The Membrane" as their hold music. o.O”
July 14 at 11:01 am - Link
Gmail/Google Talk
Jess Lee had a new status message on Gmail/Google Talk
“back from Japan”
July 14 at 11:06 am - Link
Blog
Trisha Okubo posted an entry on Omiru: Style for All
You Said: No to Big Shoulders
July 14 at 12:02 am - Link
Sucks for those who were born with them... - Jim Norris
FriendFeed
bob posted a link
abc7news.com: Convicted murderer Hans Reiser leads police to Nina's remains 7/07/08
July 8 at 1:36 am - via Bookmarklet - Link
ABC News has confirmed that authorities are in the process of recovering Nina Reiser's remains from Redwood Regional Park, east of Skyline Boulevard. The body was found in a bag, buried deep in a ravine. The bag was well concealed and could have been easily overlooked. Authorities had a forensic anthropologist on scene to help recover the body. - bob via Bookmarklet
Sources tell ABC News that a deal was struck with Reiser that would reduce his conviction from first-degree murder to second-degree murder. The lesser charge means Reiser could receive a sentence of 15 years to life, instead of the previous 25 years to life. - bob
Show 3 more comments
aha, so he did do it. - j1m
I don't understand why the DA's office would agree to giving him a deal; he was already convicted of first degree. - Tudor Bosman
Tudor: perhaps for the family of the deceased, for closure? - Bret Taylor
Yeah I think they were specifically buying the knowledge. A lot of people think it's really worth something to know. - j1m
were they in /lost+found? - Jim Norris
@Jim: so offside... but funny at the same time. - nadim
FriendFeed
Chris White posted a link
Op-Ed Columnist - Fannie, Freddie and You - Op-Ed - NYTimes.com
July 13 at 8:45 pm - via Bookmarklet - Link
"Still, isn’t it shocking that taxpayers may end up having to rescue these institutions? Not really. We’re going through a major financial crisis — and such crises almost always end with some kind of taxpayer bailout for the banking system" - Chris White via Bookmarklet
Increasingly, I find myself in conflict with Paul Krugman's positions. - Chris White
Show 2 more comments
What in particular do you disagree with? That Fannie/Freddie can't be allowed to fail? - Jim Norris
In this case, I disagree that Fannie/Freddie aren't partially responsible for this mess, as well as how the inevitable answer for problems in the economy is taxpayers bailing out governmental and institutional mistakes. Clearly a bunch of people made money off the whole real estate bubble since 1998, including people associated with Fannie/Freddie. Why don't they pay for this? - Chris White
Well, you'd have to decide how that was gonna work, exactly. - j1m
Maybe it's better to let them fail. Mortgages will be harder to get, so houses will be harder to sell. In order to sell the houses, prices will have to be lowered. That's the natural way to get housing prices back to what they should be. Right now it makes more sense to rent than to own in many markets. Low interest rates and poor lending practices caused housing prices to drastically inflate like a dotcom stock. How will prices get back to what they should be under the bailout plan? - Chris White
Going forward, there should be no more interest-only loans, and 20% down should be required, along with verified earnings and/or proof of collateral. Second homes should probably require even more down, without the ability to walk away freely from a foreclosure without owing anything. - Chris White
FriendFeed
grant posted a link
Income Gap and Marginal Tax Rate 1917-2006 at Visualizing Economics
Income Gap and Marginal Tax Rate 1917-2006 at Visualizing Economics
July 13 at 9:01 pm - via Bookmarklet - Link
From the Nation. The top graph shows the average income of the top o.o1% compared to the bottom 90%. The higher the peak the bigger the gap between the two groups. In 2006 you would need an income of over $10 million to make it into the top 0.01% while your income would have to be less than $100,000 to be in the bottom 90. The second graph shows the marginal tax rate over the same time period. - grant via Bookmarklet
the startling detail to me is that the last time there was a period of low income tax on the rich it was followed by a depression; that's not to say that that could happen this time around, but I always hold onto the belief that everything reverts to the mean and when stuff gets out of wack, it finds a way to get fixed. - grant
Show 7 more comments
But what would Ludwig von Mises say? - Jim Norris
free markets is one thing, misrepresented taxation another. - grant
The unstated goal behind the “income gap” presentations seems to be to bring down the rich, instead of bringing up the poor. Both bridge the gap, but they don't lead to equivalent worlds. - Amit Patel
Amit, how do you bring up the poor without raising taxes? - Jason Wehmhoener
I think education could go a long way, but maybe I'm too optimistic. Teaching people to save, to not go to the mall when they're bored, to avoid fast food, to drink water instead of soda, to drive less, to not “buy as much house as you can afford”, to stop giving money to DeBeers. I don't see taxes as much of a solution. - Amit Patel
I'm a believer in safety nets. Health care is a big one. - Jason Wehmhoener
That looks like an awesome album cover. - Akiva Moskovitz
Are people really surprised by this? It seemed obvious, IMHO. - Steve Lynch via Alert Thingy
This is interesting from both sides. The average income of the top 0.01 percent jumping over 5x from 1980 to 2006! But on the flip side in 1944 a top marginal rate of 94%, and paying uncle sam 65% of your total income! - Derek
Interesting that at the height of WWII an extreme progressive tax rate was acceptable as a wartime measure, but now that we're fighting another very expensive war the cost is much more distributed across all income levels. - Jason Wehmhoener
FriendFeed
Jason Chen posted a link
Bush Offers Plan to Save Fannie, Freddie
July 13 at 7:25 pm - via Bookmarklet - Link
"Alarmed by the sharply eroding confidence in the nation’s two largest mortgage finance companies, the Bush administration on Sunday asked Congress to approve a sweeping rescue package that would give officials the power to inject billions of federal dollars into the beleaguered companies through investments and loans. In a separate announcement, the Federal Reserve said that it would make one of its short-term lending programs available to the two companies, Fannie Mae and Freddie Mac. The Fed said that it had made its decision “to promote the availability of home mortgage credit during a period of stress in financial markets.” - Jason Chen via Bookmarklet
In other words, they have a plan to use our taxpayer money and to print more money (thus devaluing the dollar) to help out lenders who gave money for houses that shouldn't have been bought at those prices. Nice. But the good part is, if you were good about saving, the prices will be kept artificially high, while the money you saved will be worth less. - Chris White
@Chris: The counter-argument (I assume) is that keeping the companies "on the hook" and letting insolvent lenders collapse might end up starving the economy, reducing tax revenue and devaluing the dollar just as much if not more. There's a serious moral hazard here, but that doesn't prove that bailouts are a bad idea: http://www.ft.com/cms/s/0/5ffd... - Jim Norris
FriendFeed
j1m posted a link
Lessig at the Aspen Ideas Festival, on Congress (Video)
July 13 at 7:42 pm - via Bookmarklet - Link
wow, he's *much* better at talking about this stuff than cpright - j1m via Bookmarklet
Is he bad on copyright, or just good on political reform? - Jim Norris
Also, what's up with the hair? - Jim Norris
It's not that he's a bad speaker when speaking about cpright -- indeed he's lucid and interesting -- but he's not inspiring in the way he is in this clip. - j1m
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