Maybe it's because I'm a Londoner - that I moved to Nice.

LG scares the crap out of people to demonstrate its new monitors.

You can't be me, I'm taken

A Hurricane Warning is now in effect for Jamaica as Tropical Storm Sandy again strengthens and continues on a track towards the island.

There was a time when conservatism meant what the word suggests. It was an attempt to keep things as they are: to arrest economic and social change, to defend the position of the dominant class. Today conservatism has become a nihilistic festival of destruction: a gleeful Bullingdon dinner party of upper-class anarchists, smashing other people's crockery and hurling the chairs through the windows. Yet its purpose is still to secure the position of the dominant class.

It is no longer enough to own the land and most of the capital, to own the media and - through the corrupt system of party funding - the political process. To reinstate Edwardian levels of inequality, the feral elite must seek to reverse the political progress that has been made since then. This means dismantling the tax system, which redistributes wealth. It means ditching the rules that prevent the powerful from acting as they please.

Both are being consumed in what British Conservatives proudly describe as a bonfire. Nowhere is deregulation more destructive than in its treatment of the natural world.

Michael Gove, the education secretary, is writing to all MPs in areas where schools are underperforming - mainly Labour-led inner-city schools - demanding they side with him to open up the education system "to the new providers who can raise standards".

Gove has started his campaign against "the forces of conservatism" by writing to MPs in Leicester and Derby on Tuesday asking them whether they want to "keep the door closed to new solutions and stick rigidly to the status quo which is failing the children in their areas".

http://www.guardian.co.uk/politics/2012/oct/23/michael-gove-schools-labour-cities

Apt comment:

I am writing to my MP concerning areas where the government has underperformed demanding that they step aside and let someone who can do the job takeover. The problem is that it is the whole damn lot of them.

The reality:

My sister works in an inner city school which just had its intake increased by 150 pupils with no extra resources.

Why

Because the LEA had to divert funds and close another school for one of Goves 'Free' Academies

She tells me that its unified the whole school she teaches at, parents, teachers, head staff, governors hate Gove an his ideas with avengance.

He is sucking out the resources from these poor inner city schools so that middle class parents can play at running a school (never explained though what happens if these schools fail have you Gove)

Now he is trying to blame the schools themselves

He is despicable little toad, the lowest of the low, if any one person summed up this hapless contemptable coalition it is Gove.

Yes, they did it, the impossible i mean.

notice the ball hits the bat three times.

produced three runs. (well two, because the Cardinal outfielder was distracted by a hot Jay guy in the upper deck, and didn't pick up the ball allowing the third run to score.)

The Royal We were pretty excited around about 5:00 in the morning in these parts, as were the rest of us, incomprehensibly. The Boys of Summer have done something infuckincredible, winning six straight elimination games in the same postseason. No one, not even the Royal We, have donned that before.

How strange then, that I will be deep in the heart of darkest Czech Republic during Game One of the "World" (hah) Series, and Vienna during Game 2.

BUT, los Gigantes are in the finals, or as Timothy the Lincecum has on TV stated, FUCKYEAH!

For the last out, Goddess unleashed her tears of joy, and trains of H2O dropped from the heavens. Here is Most Valuable Player Marco Scutero keeping his fluids in order, just before he catches the last out, hit by the guy who illegally steamrolled him with hard slide.

i have so much work to do before the plane gets on me, but here meyam posting my joy on ET.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

It is worth taking a minute to understand how abysmal the numbers on the for-profit college industry really are. They show what a poor substitute for-profit education is for traditional public higher education, especially community colleges. This isn't surprising: in addition to leading to price increases and rationing, conventional economics would suggest that capping the supply of quality higher education results in a type of "fake supply" or in attempts to mimic the supply at a lower quality.

Studies find graduates of for-profits leave with worse employment prospects than their peers at community colleges, in large part because these companies spend less on instruction than they do in pursuit of profit margins. Recent investigations found that for-profits have ten recruiters for every career services staff member, and several of the leading for-profits have no career services at all. If their programs lack accreditation for a specific occupational field, they often acknowledge this in fine print or other obtuse disclosures.

For-profit schools are also more expensive than their peers, with bachelor degree programs roughly 20 percent more expensive than at a flagship public university, and associate degree and certificate programs roughly four times the cost of a comparable community college. It therefore isn't surprising that graduates of for-profit schools have the highest student debt loads, averaging $33,050 in 2008, compared to $20,200 for public school graduates and $27,650 for private nonprofit grads. Even with high dropout rates, 96 percent of for-profit students take out a student loan.

This question is actually the title of ECB working paper #841 from December 2007 by Livio Stracca. Inside money is understood as "money produced by the private sector and not by the government or the central bank" (p. 5). The author incorporates inside money in the standard DSGE model and comes to the following conclusions:

Fourth, simulating a banking crisis as a simultaneous increase in the cost of bank lending to firms and of producing deposits leads to an unambiguous contraction of economic activity and inflation and to a fall in interest rates. Finally, the inside money shocks enter in an optimal simple linear monetary policy rule, but their contribution to the overall central bank loss is found to be minimal. In other words, it appears that reacting to inflation is sufficient for stabilization purposes.

...

Let me stress one more time that this crisis is one of intellectual failure to grasp reality. Central-banking is not the only field where this happened, so no particular blame should be shifted to the institution. However, blame must be put on it if it refuses to learn. Perhaps the central bankers of today  don't like the (Post-)Keynesian academics that have been developing `endogenous money', and they are reluctant to leave their DSGE models in which they have invested so many years of work, but this is not the time for academic bickering.