Monday, March 30, 2009
Friday, January 16, 2009
"The Readers"
"FOR a quarter of a century, surveys of reading habits by the National Endowment for the Arts (NEA), a federally-funded body, have been favourite material for anyone who thinks America is dumbing down. Susan Jacoby, author of “The Age of American Unreason”, for example, cites the 2007 NEA report that “the proportion of 17-year-olds who read nothing (unless required to do so for school) more than doubled between 1984 and 2004.”
So it is a surprise that this bellwether seems to have taken a turn for the better. This week the NEA reported that, for the first time since 1982 when its survey began, the number of adults who said they had read a novel, short story, poem or play in the past 12 months had gone up, rising from 47% of the population in 2002 to over 50% in 2008.*
"
http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=12941110
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Monday, January 12, 2009
Sunday, January 11, 2009
Thursday, January 8, 2009
Monday, November 24, 2008
Sunday, November 23, 2008
Wednesday, November 19, 2008
Sunday, November 16, 2008
Saturday, November 15, 2008
Friday, November 14, 2008
Thursday, November 13, 2008
Rotoscoping
"In Heartless, director Hype Williams uses a method called Rotoscoping. It’s an animation technique in which illustrators trace over live-action film movement and turn it into animation. Originally, pre-recorded films were projected onto frosted glass panels and re-drawn by an animator, but now it’s all computers. This technique allows animators to perfectly emulate a character’s idiosyncrasies, even someone as complex and nuanced as Kanye West! " - Complex
Other examples of rotoscoping:
Link: http://www.complex.com/blogs/2008/11/07/how-kanye-made-the-heartless-video/
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Wednesday, November 12, 2008
Largest Bankruptcies
http://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_CodeCompany Bankruptcy Date Total Assets Pre-Bankruptcy Total assets pre-bankruptcy in 2007 US dollars[6] Filing Court District Lehman Brothers Holdings Inc. 2008-09-15 $639,063,000,000 ? NY-S Washington Mutual 2008-09-26 $327,913,000,000 ? DE Worldcom Inc. 2002-07-21 $103,914,000,000 FY2007 US$119,716,589,862 NY-S Enron Corp.* 2001-02-12 $63,392,000,000 FY2007 US$74,229,508,197 NY-S Conseco, Inc. 2002-12-18 $61,392,000,000 FY2007 US$70,728,110,599 IL-N Texaco, Inc. 1987-04-12 $35,892,000,000 FY2007 US$62,638,743,455 NY-S Financial Corp. of America 1988-09-09 $33,864,000,000 FY2007 US$57,010,101,010 CA-C Refco Inc. 2005-10-17 $33,333,172,000 FY2007 US$35,385,532,909 NY-S Global Crossing Ltd. 2002-01-28 $30,185,000,000 ? NY-S Pacific Gas and Electric Co. 2001-04-06 $29,770,000,000 Fy2007 US$34,859,484,778 CA-N UAL Corp. 2002-12-09 $25,197,000,000 ? IL-N Delta Air Lines, Inc. 2005-09-14 $21,801,000,000 ? NY-S
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Tuesday, November 11, 2008
Sunday, November 9, 2008
I.O.U.S.A.
A 30-minute short version of the full movie that details the potential consequences of the US debt. Target audience is an average American.
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Nanoscaffolding - US Military Regrows Limbs and Organs
"The technology works by placing a very fine apparatus called a scaffold, which is made of polymer fibres hundreds of times finer than a human hair, in place of a missing limb or damaged organ. The scaffold acts as a guide for cells to grab onto so they can begin to rebuild missing bones and tissue. The tissue grows through tiny holes in the scaffold, in the same way a vine snakes its way up a trellis."
Link to Article
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Friday, November 7, 2008
Thursday, November 6, 2008
AHH! My beloved home state..
from Calculatedrisk.blogspot.com:
"As the California recession deepens, the state is facing an enormous budget deficit ...
From the LA Times: Schwarzenegger calls for sales tax hike, cuts in servicesGov. Arnold Schwarzenegger unveiled a plan today for a steep sales tax increase, new levies on alcoholic drinks and the oil industry, and deep cuts in services to wipe out a budget shortfall that is expected to swell to more than $24 billion by the middle of 2010.
This proposal would push the LA sales tax rate to 10.25% - Yikes!
The linchpin of the plan is the sales tax increase of 1 1/2 cents on the dollar, which could raise $10.8 billion through fiscal 2009-10. ...
The governor also wants a number of significant spending reductions, including cuts of $2.5 billion from schools and community colleges.
Tax increases and budget cuts during a recession usually just make the recession worse. My guess is the next stimulus plan from the U.S. government will include some relief for state and local governments."
Posted by Sid 0 comments
Monday, November 3, 2008
Historical Top Bracket Tax Rates
Historical rates (married couples, filing jointly)
Table
Tax year | Top marginal tax rate (%) | Top marginal tax rate (%) on earned income, if different<1> | Taxable income over-- |
---|---|---|---|
1913 | 7 | 500,000 | |
1914 | 7 | 500,000 | |
1915 | 7 | 500,000 | |
1916 | 15 | 2,000,000 | |
1917 | 67 | 2,000,000 | |
1918 | 77 | 1,000,000 | |
1919 | 73 | 1,000,000 | |
1920 | 73 | 1,000,000 | |
1921 | 73 | 1,000,000 | |
1922 | 58 | 200,000 | |
1923 | 43.5 | 200,000 | |
1924 | 46 | 500,000 | |
1925 | 25 | 100,000 | |
1926 | 25 | 100,000 | |
1927 | 25 | 100,000 | |
1928 | 25 | 100,000 | |
1929 | 24 | 100,000 | |
1930 | 25 | 100,000 | |
1931 | 25 | 100,000 | |
1932 | 63 | 1,000,000 | |
1933 | 63 | 1,000,000 | |
1934 | 63 | 1,000,000 | |
1935 | 63 | 1,000,000 | |
1936 | 79 | 5,000,000 | |
1937 | 79 | 5,000,000 | |
1938 | 79 | 5,000,000 | |
1939 | 79 | 5,000,000 | |
1940 | 81.1 | 5,000,000 | |
1941 | 81 | 5,000,000 | |
1942 | 88 | 200,000 | |
1943 | 88 | 200,000 | |
1944 | 94 <2> | 200,000 | |
1945 | 94 <2> | 200,000 | |
1946 | 86.45 <3> | 200,000 | |
1947 | 86.45 <3> | 200,000 | |
1948 | 82.13 <4> | 400,000 | |
1949 | 82.13 <4> | 400,000 | |
1950 | 84.36 | 400,000 | |
1951 | 91 <5> | 400,000 | |
1952 | 92 <6> | 400,000 | |
1953 | 92 <6> | 400,000 | |
1954 | 91 <7> | 400,000 | |
1955 | 91 <7> | 400,000 | |
1956 | 91 <7> | 400,000 | |
1957 | 91 <7> | 400,000 | |
1958 | 91 <7> | 400,000 | |
1959 | 91 <7> | 400,000 | |
1960 | 91 <7> | 400,000 | |
1961 | 91 <7> | 400,000 | |
1962 | 91 <7> | 400,000 | |
1963 | 91 <7> | 400,000 | |
1964 | 77 | 400,000 | |
1965 | 70 | 200,000 | |
1966 | 70 | 200,000 | |
1967 | 70 | 200,000 | |
1968 | 75.25 | 200,000 | |
1969 | 77 | 200,000 | |
1970 | 71.75 | 200,000 | |
1971 | 70 | 60 | 200,000 |
1972 | 70 | 50 | 200,000 |
1973 | 70 | 50 | 200,000 |
1974 | 70 | 50 | 200,000 |
1975 | 70 | 50 | 200,000 |
1976 | 70 | 50 | 200,000 |
1977 | 70 | 50 | 203,200 |
1978 | 70 | 50 | 203,200 |
1979 | 70 | 50 | 215,400 |
1980 | 70 | 50 | 215,400 |
1981 | 69.125 | 50 | 215,400 |
1982 | 50 | 85,600 | |
1983 | 50 | 109,400 | |
1984 | 50 | 162,400 | |
1985 | 50 | 169,020 | |
1986 | 50 | 175,250 | |
1987 | 38.5 | 90,000 | |
1988 | 28 <8> | 29,750 <8> | |
1989 | 28 <8> | 30,950 <8> | |
1990 | 28 <8> | 32,450 <8> | |
1991 | 31 | 82,150 | |
1992 | 31 | 86,500 | |
1993 | 39.6 | 89,150 | |
1994 | 39.6 | 250,000 | |
1995 | 39.6 | 256,500 | |
1996 | 39.6 | 263,750 | |
1997 | 39.6 | 271,050 | |
1998 | 39.6 | 278,450 | |
1999 | 39.6 | 283,150 | |
2000 | 39.6 | 288,350 | |
2001 | 39.1 | 297,350 | |
2002 | 38.6 | 307,050 | |
2003 | 35 | 311,950 |
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Friday, October 31, 2008
Tuesday, October 28, 2008
Sunday, October 12, 2008
Saturday, October 11, 2008
Thursday, October 9, 2008
Wednesday, October 8, 2008
Best explanation for credit crisis I have read
"Its important to understand how this situation occurred in the first place, if we want to be able to fix it. Blaming the CRA and Fannie/Freddie is a total misunderstanding of how the problem occurred, and what we need to do to fix it now, and avoid doing it again in the future.
To repeat my prior arguments, the proximate cause of the Housing crisis were 1) Ultra-low rates; and 2) Abdication of traditional lending standards, thanks to 3) originators ability to resell mortgages for securitization purposes, and hence, 4) not have to worry about loan defaults.
The credit crisis was caused by 1) the above securitized mortgage paper, that was 2) rated triple AAA by Moody's and Standard & Poors, which then 3) Which was then "insured" by credit default swaps (CDS) -- the unreserved for, shadow insurance products 4) whose exemption was made possible by the Commodities Futures Modernization Act. That legislation exempted these derivatives from any supervision or regulation. The lack of reserve requirements is why there is now $62 trillion in CDS, many of which will never pay their counter parties the promised insurance.
If you are going to blame Fannie/Freddie/CRA, or George Bush or Barney Frank, you are missing the big picture. "
http://bigpicture.typepad.com/comments/2008/10/quote-of-the--1.html
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