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  • May 2010
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links for 2010-05-10

  • Quote:The Irish economy expanded rapidly during the Celtic Tiger years up to 2007 due to low ECB interest rates among other causes. This led to an expansion of credit and included a property bubble which began to end in 2007. Irish banks, already over-exposed to the Irish property market, came under severe pressure in September 2008 due to the global financial crisis of 2007–2010.

    // "Blame low interest rates" (To those liberals who look at Ireland and see "not enough taxes" causing the recession, you're simply wrong. Misallocation of capital created a bubble (thanks to low interest rates), the bubble burst (because low interest rates are just inflationary, not real loanable funds), and the financial crisis throughout europe and the US made things worse. This was not a failure of free market economics, it is in fact the opposite, the Austrian school is proven right again.

  • Quote:"Anthony Slama keeps dominating at Triple-A and keeps being bypassed for call-ups because the front office doesn't believe he's for real and refuses to place him on the 40-man roster. He has a 1.77 ERA, .121 opponents' batting average, and 25 strikeouts in 20 innings at Rochester while the rest of the Triple-A staff has a 5.66 ERA. Slama is 26 years old with a 1.85 ERA and 296 strikeouts in 204 pro innings, yet the Twins won't even give him a look as a middle man

    // Simply unjust

  • Quote:"Scientists are hoping to gain new insights into the mysteries of ageing by sequencing the genome of a 17-year-old girl who has the body and behaviour of a tiny toddler.

    Brooke Greenberg is old enough to drive a car and next year will be old enough to vote — but at 16lb in weight and just 30in tall, she is still the size of a one-year-old.

    Until recently she had been regarded as a medical oddity but a preliminary study of her DNA has suggested her failure to grow could be linked to defects in the genes that make the rest of humanity grow old.

    // The nightmare: immortality, if you're willing to live forever an infant.

  • Quote:"Reports claim that as many as one in five healthy young men between the ages of 18 and 25 produce abnormal sperm counts. Only 5 to 15 per cent of their sperm is good enough to be classed as 'normal' under World Health organisation rules – proving that infertility is not just a female problem. Indeed, among those experiencing difficulty with conception, a male fertility problem is considered important in about 40 per cent of couples.

    // Yikes.

  • Quote:"Professor Paul Bloom, a psychologist at Yale University in Connecticut, whose department has studied morality in babies for years, said: 'A growing body of evidence suggests that humans do have a rudimentary moral sense from the very start of life.
    'With the help of well designed experiments, you can see glimmers of moral thought, moral judgment and moral feeling even in the first year of life

    // So incredible. There has always been some evidence for a universal moral, but to see it a priori…like I said, incredible.

  • // good for him
    (tags: Baseball)
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