Death Star Economics



Monday, #6

Update: Reuters joined us in the 21st century and revised Czecheslovakia to Czech Republic. Congrats, you have now passed Political Geography 101.

Nick Clegg joined the other two moronic musceteers David Cameron and George Osborne in announcing that the UK is comitting “economic suicide” by complying with EU policy: read article

I’m going to see Steven Pinker speak about his new book at LSE tonight and stumbled upon this statement that Helena Cronin, an LSE philosopher herself, made on

Men are at the top because they are smarter – Helena Cronin, philosopher, London School of Economics

I used to think that these patterns of sex differences resulted mainly from average differences between men and women in innate talents, tastes and temperaments. After all, in talents men are on average more mathematical, more technically minded, women more verbal; in tastes, men are more interested in things, women in people; in temperaments, men are more competitive, risk-taking, single-minded, status-conscious, women far less so. But I have now changed my mind. It is not a matter of averages, but of extremes. Females are much of a muchness, clustering round the mean. But, among males, the variance—the difference between the most and the least, the best and the worst—can be vast. So males are almost bound to be over-represented both at the bottom and at the top. I think of this as ‘more dumbbells but more Nobels’.

Really interesting.

Italian 10-year government bond yield hit 6.13%, which is bad. It’s bad because 6% yield seems to be the threshold before you get the “you’re pretty fucked now” look from the rest of the world. It’s also bad, because this could mean that this is the bottom end of the jojo-effect of the EU summit last Wednesday, which proposed a plan, but didn’t actually give us any details. read article

And finally, Mona Simpson, Steve Jobs’ sister said bizarre things in his eulogy. I find it a bit weird that a eulogy is all over the internet to begin with, and I’m sure she is having a pretty bad time right now, but wow, this woman is strange…

“Even as a feminist, my whole life I’d been waiting for a man to love, who could love me.”

read article


So long and have a good week.


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