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links for 2011-05-12

  • Quote:"And that's precisely why a recent Facebook scandal has hit the town particularly hard. According to the Boston Globe, no fewer than 11 Melrose varsity athletes were recently identified in illegal possession of alcohol or tobacco in photos which first surfaced on Facebook. The photos were taken from the site by a concerned parent, transferred to a thumb drive and submitted to the school's administration as proof of inappropriate actions by the student body.

    // I played three sports in high school, football, baseball and wrestling. I could not name one person I played with on any of those teams who either didn't drink once in a while, or smoke. Not one.

  • Quote:"The significant lag between gross domestic product recovery and employment recovery has been particularly extreme in the wake of the most recent recession, but this pattern was a characteristic of the previous two recessions as well. You know the facts: In the post-WWII recessions up to 1989, the average time it took to regain recession-generated job losses was 10 months. The recovery time expanded to 23 months and 38 months in the recoveries following the 1990–91 and 2001 recessions. And we are on track to shoot past those records this time around.

    // Keynesian economics in action. Read the whole article, which has great data on offshoring (it's not as bad as you think, seriously).

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