Archive for 2010

ONE-DAY-ONLY SALE: DeWalt 18v Hammer Drill, $159.99.

UPDATE: Reader Darryl Boyd emails: “They are also giving another $25 off at checkout for a total price of $134.99.” Wow. I had missed that.

MORE COPYRIGHT TROLLING FROM RIGHTHAVEN, this time over images. I love that the image is reproduced in the story, with this note: “Image: Vdara ‘death ray’ graphic as it appears in a Righthaven court filing.”

TOP CHRISTMAS DEALS in Electronics.

HOW BIG is the Chinese property bubble? “Property investment in China in 2009 was 10% of GDP, up from 8% in 2007. In Japan, at the peak of its bubble, it did not exceed 9%; in the U.S. it never exceeded 6%. . . . As usual, the identifcation of the bubble is not the hardest part, it’s the timing of the pop. Bubbles have a habit of going on a lot longer than most think they can and given the political pressure to keep it going and the financial resources available to the central planners, this bubble may have a way to go yet.” This is a couple of weeks old, but still seems pretty relevant. It’s not like things in China have improved since. . . .

A CONSTITUTIONAL CORRECTION FOR SNARLIN’ ARLEN SPECTER:

Bleh. You just disagree with the call. I hate this sort of political posturing. It’s not the massiveness of the congressional record that makes a statute constitutional. It’s fitting within the Constitution.

Specter is acting as if the question at the confirmation hearing was: If we put a really, really huge number of words into the record, do you promise to let us do anything we want? And the answer was: Yes, of course. When I see a lot of pages, I always think, wow, that must be true.

Specter is a rare creature. Most Senators only disgrace one party, but he’s managed to embarrass both.

STILL ROLLING OUT THE last-minute holiday deals. Well, it’s only the 21st, so it’s not quite the last minute, but you can see it from here. . . .

THIS IS NOT THE HOPE I WAS LOOKING FOR: Government liabilities rose $2 trillion in FY 2010: Treasury. “The U.S. government fell deeper into the red in fiscal 2010 with net liabilities swelling more than $2 trillion as commitments on government debt and federal benefits rose, a U.S. Treasury report showed on Tuesday. The Financial Report of the United States, which applies corporate-style accrual accounting methods to Washington, showed the government’s liabilities exceeded assets by $13.473 trillion. That compared with a $11.456 trillion gap a year earlier.”

Just the other day, one of my colleagues told me he was planning a trip to Barbados, “while my dollars will still buy something like that.”