Day September 4, 2007

Most ungreen city

We’re flying out of Las Vegas today after a week vacation in Utah and Arizona. Neither Sue nor I gamble, but we did walk down The Strip where the major casinos are. Acres of neon. Bigger is better is the…

Hedge fund math does not compute

Calculated Risk wonders how a retired investor thought he could get a low risk investment yielding 12% from a Bear Stearns hedge fund invested in mortgages when mortgages weren’t paying anywhere close to 12%. Thus, the hedge fund must have…

All war all the time

“If you think the wars in Iraq and Afghanistan will end with this Presidency, think again. These wars will likely outlast the next several Presidents” says John Robb, citing a number of reasons why this 4GW conflict will continue. For…