With the Super Bowl coming up in less than two weeks — and yes, thanks, my team made it — it’s worth considering what sort of end-zone demonstrations will be allowed and which will not. Here’s Mike Pereira, the N.F.L.’s outgoing head of officials, with an explanation from earlier this year: If you don’t feel like watching the video, here’s . . .
Last week, we solicited your questions for Keith Hennessey, the outgoing White House chief economic adviser and director of the National Economic Council.
In his answers below, Hennessey explains (among other things) what he thinks are some of the “most absurd economic assumptions” by Washington politicians; where, exactly, the first few hundred billion dollars of the TARP money has gone; and why he had “the coolest job ever.” Thanks to all of you for the good questions and to Hennessey for his candid and thorough answers.
From a reader named Raymond DeCampo comes this interesting, poignant bleg. (Read up on blegs here; send your own blegs here; and see some other new Freakonomics-coined words here.) My wife and I recently undertook the task of securing our son’s future in the event we would not be there to secure it for him. In the process I realized . . .
I came home this evening and found five magazines waiting in the mailbox: Time, BusinessWeek, The Economist, Columbia (a university alumni magazine) and Natural History (from the Museum of Natural History). Four of the five magazines had the same guy on the cover. Yeah, that one, a.k.a. Barack Obama. I have read a lot of interesting things by and about . . .
Sometimes the e-mail in-box captures a pitch that’s just too good to not share. It is probably not the best time to be casting a reality show about fun-loving flight attendants, but show biz waits for no one:
Because a new year has begun, it seems a good time to unveil some of the aptonyms that we’ve been accumulating. (Earlier aptonym posts can be found here.) 1. During a recent N.F.L. game between the Bears and the Vikings, played on a frigid Monday night in Chicago, I learned that the city has a prominent meteorologist named Amy Freeze. . . .
Keith Hennessey Keith Hennessey is the outgoing chief economic adviser to President Bush and director of the National Economic Council. When Obama takes office, Lawrence Summers will take his place. “Our assumptions are that the economy will begin to recover early in the next president’s term,” Hennessey recently told CNBC, “but it’s too early to say exactly when.” (I can . . .
Last month we solicited your questions for Alex Rigopulos, co-founder of Harmonix, the video-game development company best known for its Guitar Hero and Rock Band games. Alex Rigopulos One of the most-asked questions was whether his games discourage players from learning to play real music. Rigopulos doesn’t think so; the games, he says, give people “a taste of what lies . . .
A few months ago, we coined a new word on this blog: “penultamour,” defined as “the last person to date another person before that other person took up with his/her eventual spouse.”
The word hasn’t exactly caught fire; but at least someone grabbed the domain name www.penultamour.com.
Andrew Zimbalist Andrew Zimbalist is the Robert A. Woods professor of economics at Smith College and one of the most prominent sports economists in the land. (Yes, this is a big day for Andrews.) His most recent book — he’s published 18 — is The Bottom Line: Observations and Arguments on the Sports Business. He’s written broadly for the media, . . .
Andrew Lo Andrew W. Lo is the Harris & Harris Group Professor at M.I.T. and director of its Laboratory for Financial Engineering. (Here are some of his papers.) To my mind, he’s one of the most fluent guides to the state of modern finance in that he combines the rigors of a quant with a behavioralist’s appreciation for human intricacy. . . .
From the Pittsburgh Post-Gazette: The 15 highest-rated television shows in the local market in 2008 were Steelers games, according to N.F.L. and Nielsen Media Research. The only reason there weren’t 16 games is because the September 14 game at Cleveland was not rated because of Hurricane Ike. Once again, the Steelers led the league with the highest television ratings in . . .
In my prior post, I blogged about introducing variable tolls on America’s highways. The basic idea: fight congestion by imposing tolls that vary in response to traffic levels. When roads are too crowded, hike the tolls, keep some drivers out, and thus keep traffic free flowing at all times.
We recently ran a bleg about dealing with too much data. That bleg prompted the following note from a reader named Geoff Barry: I had a thought on when it can be truly negative — even unhealthy. Too much medical information at a layman’s fingertips can actually be detrimental, both for the doctor treating the patient and for the patient . . .
Way back when in 2006, here’s what venture-capital legend John Doerr had to say about clean technology: “This field of greentech could be the largest economic opportunity of the 21st century.” As recently as early 2008, plenty of investors and technology companies were still predicting a clean-tech boom. But now? With a recession that has scrambled nearly everyone’s spending and . . .
The January issue of Vogue, in its back-of-the-book Index section, lists 10 “inspired ideas” for the new year, “all in tune with environment- and recession-minded resolutions.” No. 9 on the list is a sewing kit. That seems pretty practical. “Missing button?” reads the text. “Torn pocket? Take matters into your own hands (and keep tailoring bills in line) with Smythson’s . . .
What do Bruce Pardo and Atif Irfan have in common? In case you’re not familiar with their names, let me rephrase: What do the white guy who dressed up as Santa and killed his ex-wife and her family (and then committed suicide) and the Muslim guy who got thrown off a recent AirTran flight on suspicion of terrorism have in . . .
As always, we try to bring you the best and latest in honor-payment commerce schemes. Here’s one from a town called Settle in North Yorkshire, England: A shopkeeper in North Yorkshire who wanted a day off on Boxing Day decided to leave his store open and let his customers help themselves. Tom Algie, who runs the Practically Everything hardware store . . .
Eric A. Morris is a researcher at U.C.L.A.’s Institute of Transportation Studies, concentrating on a variety of transportation issues including history, economics, and management. He weighed in here earlier on the gas tax. Here is his first of two posts on road tolls. Why You’ll Love Paying for Roads That Used to Be Free By Eric A. Morris A Guest . . .
The Times (of London) recently reported that “The F.B.I. has been forced to transfer agents from its counter-terrorism divisions to work on Bernard Madoff‘s alleged $50 billion fraud scheme.” This might lead you to ask an obvious counter-question: Has the anti-terror enforcement since 9/11 in the U.S. helped fuel the financial meltdown? That is, has the diversion of resources, personnel, . . .
Some of them, according to this New Yorker piece by Lizzie Widdicombe, are being sent in by Madoff victims to raise cash:
Back in midtown, business was brisk at the Madison Avenue headquarters of CIRCA, a jewelry-buying firm, where Madoff-related jewels had been incoming all month, like expensive shrapnel.
… you can show them this chart, courtesy of the Congressional Budget Office, via Greg Mankiw: Lowest quintile: 4.3 percent Second quintile: 9.9 percent Middle quintile: 14.2 percent Fourth quintile: 17.4 percent Percentiles 81-90: 20.3 percent Percentiles 91-95: 22.4 percent Percentiles 96-99: 25.7 percent Percentiles 99.0-99.5: 29.7 percent Percentiles 99.5-99.9: 31.2 percent Percentiles 99.9-99.99: 32.1 percent Top 0.01 Percentile: 31.5 . . .
There was a lot of noise last week about how the banks who’ve been drawing down the government’s Troubled Asset Relief Program fund can’t account for how the money is being spent. It’s not like $700 billion can just disappear, right? Well, a reader named Gannon Hubbard wrote in with a hunch as to where the money is being spent. . . .
I just received the following e-mail from my accountants, who have several clients invested with Bernard Madoff. They are passing along some year-end tax advice that contains at least a sliver of good news: Taxpayers who invested in Bernard L. Madoff Investment Securities LLC directly, or through a fund of funds, have a loss that is most probably categorized as . . .
If you’re looking for a silver lining in this bad economy and especially in a dismal Christmas retail season, you can at least console yourself with the thought that there will be less deadweight loss this year than in past Christmases — that is, less inefficiency generated by people spending money to buy things for other people who value the . . .
Alex Rigopulos started playing video games at 3 years old on a Magnavox Odyssey console, and has been an avid gamer ever since. He earned his B.S. in music from the Massachusetts Institute of Technology and his M.S. from the computer music group of the M.I.T. Media Laboratory. In 1995, he co-founded the video-game development company Harmonix with the goal . . .
On family holiday in London, we were riding in a taxi out to the Imperial War Museum. As we passed the riverfront headquarters of MI6, a.k.a. the Secret Intelligence Service, my wife happened to be futzing with her iPhone. A list of Wi-Fi networks popped up. At the top: a network called KeepNoseOut. Coincidence? I’d like to think not. I . . .
Julian Zelizer Last week we solicited your questions for political historian Julian Zelizer. In the aftermath of an historic election and in the midst of strange and shocking political events, many of your questions had the zing of the moment about them — including whether any other president has had a shoe thrown at him. (Unfortunately, the answer isn’t yet . . .
Am on holiday with the family in London. Pure joy — although my 6-year-old daughter, who’d recently heard that black pepper can force a sneeze, took a handful and somehow mashed it into her eye instead; tears ensued; but it was nothing a trip to Hamleys couldn’t cure. At a very delicious Italian restaurant called Pappa Ciccia, there is a . . .
Bernard L. Madoff is not a young man, and if he is convicted of the crimes of which he stands accused, he may spend the rest of his life in prison. But on the off chance he doesn’t, he may wish to consider Sam Antar, of Crazy Eddie fame, as a future role model. Do you remember Crazy Eddie? A . . .
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