Quick! Name a former Bush-era Secretary of Defense from whom you'd take moral advice. Easy, right? Donald Rumsfeld, obvs. While it is beyond this blogger's comprehension why anyone would choose to interview Mr. Rumsfeld in 2013, let alone to ask him about marriage equality, it is nonetheless true that Larry King did just that. (And yes, I too thought Larry King had retired.)
Ken Rogoff is an economist who has always been kind to me, and for whom I have deep respect. And I have no animus toward Carmen Reinhart. Nevertheless, I hope there has been a nightmarish quality to the last few days of what Quartz writer Matt Phillips called a “bone-crunching social media pile-on that Harvard economists Ken Rogoff and Carmen Reinhart…
I don’t know about you, but I’m worn out. The seemingly relentless onslaught of bad news was hard to believe. While I have had a number of strong reactions to the week’s events, I don’t feel it’s time to go into them. Instead, I’ll ask you to keep those who’ve lost loved ones in your thoughts and, that you find ways to spread a little extra good in the coming weeks. We’re gonna need it. With that, let’s enjoy a song that, for me, is a pure expression of joy. It seems we’re due that bit of respite. Tomorrow, I’ll get back to booking my summer in Cambridge. (I can’t wait to get there so I can buy a round for the boys in blue.)
By James Kwak
I spent the past two days at a financial regulation conference in Washington (where I saw more BlackBerries than I have seen in years—can't lawyers and lobbyists afford decent phones?). In his remarks on the final panel, Frank Partnoy mentioned something I missed when it came out a few weeks ago: the role of Microsoft Excel in the "London Whale" trading debacle.
But while Excel the program is reasonably robust, the spreadsheets that people create with Excel are incredibly fragile. There is no way to trace where your data come from, there’s no audit trail (so you can overtype numbers and not know it), and there’s no easy way to test spreadsheets, for starters. The biggest problem is that anyone can create Excel spreadsheets—badly. Because it’s so easy to use, the creation of even important spreadsheets is not restricted to people who understand programming and do it in a methodical, well-documented way.***
Published on Mar 13, 2013
http://ClimateRealityProject.org - Narrated by Reggie Watts. We are all paying the price of carbon pollution. It's time to put a price on carbon and make the polluters stop the carbon destruction.