There was a time when the short end of the curve was not very loved, as all bonds 3 years and shorter were sold by none other than the Fed. Today, that is no longer the case, driven primarily by ever louder whispers that because the Fed is very much limited in its long-dated purchases [...]
Depressed Copywriter is a collective comprised of four copy editors who correct the propaganda of print advertising with their harrowing, truth-seeking revisions. Their reasoning: Every time I see an example of corporate happiness I can only see the reality of life. I can’t help myself anymore. I can’t stop rearranging their copy. (Read more…)
Researchers have found that, over a period of five months following the disastrous 2010 Deepwater Horizon explosion and oil spill, naturally-occurring bacteria that exist in the Gulf of Mexico consumed and removed at least 200,000 tons of oil and natural gas that spewed into the deep Gulf from the ruptured well-head.
We have already discussed what is priced into FX markets with regard QE3 – and as Barclays notes, we also saw a similar gain in momentum into QE1 and QE2 (only to fade post the announcement). Mortgage traders see a sizable QE3 more than priced in, which is especially notable given the consensus forming around [...]
Computational engineers have built a supercomputer from 64 Raspberry Pi computers and Lego. The son of one of the professors (aged 6) provided specialist support on Lego and system testing.
The invader of the invader has been discovered for the first time in Europe. The small ostracod Ankylocythere sinuosa measures no more than half a millimeter in length and lives on other crayfish. And, Spanish scientists have discovered it for the first time in Europe. The finding suggests that it arrived along with the invader [...]
A new set of fossil footprints discovered in Joggins, Nova Scotia, have been identified as the world’s smallest known fossil vertebrate footprints. The footprints belonged to a small amphibian which would have roamed Earth 315 million years ago, a creature not unlike a salamander.
Police say newly released footage of Wade Michael Page’s shooting rampage at a Wisconsin Sikh temple last month reveals Page shot the first officer he encountered 15 times before he was taken down by a second officer. According to WISN-TV, Oak Creek Police released dashboard camera footage from Page’s encounters with Lt. Brian Murphy and [...]
Eight years ago, Democrats were so nervous about the GOP’s perceived advantage on national security issues that they nominated a Vietnam veteran who walked up to the podium in Boston and saluted, proclaiming, “I’m John Kerry and I’m reporting for duty.” With Kerry’s line at this year’s convention—”Ask Osama bin Laden is he is better [...]
Election guru Charlie Cook says that if President Obama wins in November, “it will be despite the economy.” That’s the conventional wisdom, all right, but the conventional wisdom is wrong. Ezra Klein explains: Some months ago, I worked with political scientists Seth Hill, John Sides and Lynn Vavreck to build a model that used data [...]
The boss of the IMF, Christine Lagarde, has been talking the past few days. She said some things that I thought were interesting. (Read more…) A few weeks ago, the ECB’s Mario Draghi laid out his plan to buy unlimited amounts of bonds of Spain and Italy in a desperate attempt to stabilize [...]
The official release, just issued by HM Treasury, is below. The unofficial one is as follows: “The successful candidate must have proficiency with the CTRL and P buttons. Must sound confident and sophisticated when talking in circles while saying nothing. Must be malleable to financial sector suggestions. (Read more…) All other considerations secondary.” From the [...]
Picture: National Park Service (PD) Via ScienceDaily: Repeated exposure to violent images from the terrorist attacks of September 11 and the Iraq War led to an increase in physical and psychological ailments in a nationally representative sample of U.S. adults, according to a new UC Irvine study. (Read more…) The study sheds light on the [...]
1st Lt. Michael Moore, platoon commander for 1st Platoon, Bravo Company, Battalion Landing Team, 1st Battalion, 2nd Marine Regiment, 24th Marine Expeditionary Unit, crosses paths with Djiboutian wildlife as he walks back to camp after taking part in assault climber training with his Marines in Djibouti, Aug. 29, 2012. U.S. (Read more…) Marine Corps photo [...]
Last week we discussed what the expectations were for Draghi’s OMT – approximately EUR250bn – which coincidentally provided cover for the rest of the year (conditionally) for the entire new issuance of the European Union. Based on EURUSD’s recent exuberance – something we saw ahead of QE1 and QE2 – the market is now more [...]
People face this predicament all the time — can you determine a person’s character in a single interaction? Can you judge whether someone you just met can be trusted when you have only a few minutes together? And if you can, how do you do it? Using a robot named Nexi, psychologists have figured out [...]
An international team has developed a simple new technique using Scotch poster tape that has enabled them to induce high-temperature superconductivity in a semiconductor for the first time. The method paves the way for novel new devices that could be used in quantum computing and to improve energy efficiency.
To all who miss the highly volatile days of August 2011, when as a result of the congressional deadlock on the debt ceiling, and the S&P downgrade of the US, the DJIA swung by 400 points every day for 4 days in a row just to get Congress to come to the “compromise” exposed in [...]
Stem cell researchers have found that a gene therapy regimen can safely restore immune systems to children with so-called “Bubble Boy” disease, a life threatening condition that if left untreated can be fatal within one to two years.
Joe Nocera comments today on the teacher strike in Chicago: There really isn’t much evidence that introducing choice and competition — an important rationale for charter schools — has forced the big-city public schools to improve. Until somebody figures out how to create reforms that work for all, and not just the lucky few, American [...]