WITH ALL THE MONEY THEY’RE PRINTING, you’d think there’d be plenty of cash out there. But actually, banks don’t keep much on hand any more — customers don’t want all that much, and there’s always the risk of robbery. I was talking to some tellers at my bank and was astounded at how little they keep. They said it hardly ever creates a problem because they can order it delivered on pretty short notice, and not that many people want to make big cash withdrawals. But it would be easy to create a bank run that would strip banks of cash when supplies are that thin. If I were a banker, I think I’d up my cash-on-hand in response to stories like this.
Archive for 2011
June 12, 2011
FUNNY, NOBODY SAID THAT ABOUT MARK FOLEY: Actress defends Weiner, says ‘everyone lies about sex.’
It’s as if there’s some sort of transparently political double standard or something. But the Democrats can always put together a Groper’s Support Group for the politically correct. Or at least the politically useful. Weiner’s problem is that he’s not that useful any more.
UPDATE: Reader Richard Combs emails: “1998 called. It wants its lame justification for Democratic misbehavior back.”
June 11, 2011
NO DOUBT ANDREW SULLIVAN WILL WANT TO GET TO THE BOTTOM OF THIS: Top Alaska Lawmaker Behind Trig Rumors. “After Sarah Palin revealed she was pregnant with son Trig in March 2008, her office quickly zeroed in on then-state Senate president Lyda Green as the source of rumors that Bristol Palin was actually carrying the baby, according to emails released Friday.”
UPDATE: Related thoughts from Dr. Violet Socks. (Via Darleen Click.)
AT AMAZON, it’s the Father’s Day Shop. But anyone can shop there.
PARENTING STYLES: Bryan Caplan Debates Amy Chua.
I think Caplan’s approach is better.
SHOCKING PALIN EMAIL REVELATIONS: “Jesus. How embarrassing.” It’s Al Capone’s vault all over again.
IMF HIT by cyberattack. “Believed to be connected to a foreign government.”
PROFESSOR BAINBRIDGE ASKS, do you have to like Sarah Palin to be a conservative now?
And a commenter responds: “I don’t think you’re required to like Sarah palin, but you are required to give a reason for disliking her that is more cogent than the simple fact that she’s Sarah Palin.”
LOOKING BACK AT the crash of 1987. “I don’t want to suggest this market is like the 1987 market, but last week there were some similar things that reminded me of the weeks before October 19. . . . The situation today is decidedly different than 1987. The question is, if the market crashed by 20% Monday, would you buy it on Tuesday?”
UPDATE: Well, this is encouraging.
WHAT’S REALLY SCARY about Sarah Palin.
SALIM MANSUR: Arab World A Relic Of History:
Only the politically correct, and they are the majority in the contemporary West, remain surprised of how quickly the so-called “Arab spring” has turned into an “Arab frenzy” and is headed into an “Arab inferno.” . . .
The problem is culture. Arab culture, despite tremendous changes that have occurred elsewhere in the world, remains resilient in adhering to traditional values of patriarchy and the tribal order of father (leader) knows what is best for his tribe or nation.
The Arab League consists of 21 states and the Palestinian Authority. There is not one single democracy in this collection of Arab states, and the predominant reason for the absence of democracy among Arabs is culture.
Democracy is not merely an election, and a representative party with majority support holding power.
For democracy to work, the prerequisite is a culture in which the people recognizes the “other” — irrespective of how the “other” is defined in terms of ethnicity or religion or gender — as equal, and their interests and aspirations as legitimate.
This recognition of the “other” is missing in Arab culture.
Read the whole thing.
WOOLSEY ON ENERGY: US Must Break OPEC Monopoly to Be Secure: Ex-CIA Head.
DID NIETZSCHE FORESEE the rise of the Uberweiner?
AND ANOTHER ONE: Weiner seeking treatment amid growing pressure to resign. Ah, the old “sex addiction” excuse.
ANOTHER ONE BITES THE DUST: Pictures of al Qaeda leader Fazul Mohammed’s corpse, SUV, and weapon.
MARKDOWNS on robotic vacuums.
SCIENCE: Men who are good listeners are better at sex.
But on the other hand, there’s this: Male Brains Wired To Ignore Female Voices.
THE WIND TUNNEL that helped win World War II.
NEWS YOU CAN USE: 8 Things About Sexting That Actually Turn Women On. Well, if you’re a member of Congress from New York, anyway. . . .
Plus, context and crotch shots.
Meanwhile, a cautionary note for Anthony Weiner. A SWAT raid?