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March 4, 2013 0

UK Seeks to Further Fund, Arm Al Qaeda Collaborator Moaz al-Khatib

By News Desk

March 4, 2013 (LD) – Resorting to name-calling, the United Kingdom’s legitimacy slumped further still as it stubbornly maintained its support for terrorists attempting to overthrow the Syrian government, now unsuccessfully for over 2 years. Unlike in Libya where NATO was able to militarily intervene directly and overthrow the Libyan government before the public realized the so-called “rebels” were in fact the US State Department , United Nations , and the UK Home Office (page 5, .pdf) -listed Al Qaeda terrorist organization, the Libyan Islamic Fighting Group (LIFG), the West’s assault on Syria has dragged on much longer. Image : (left to right) Foreign Secretary William Hague, US Secretary of State John Kerry, and the Al Qaeda-coddling Moaz al-Khatib, are all, by US criminal code, providing material support to terrorist organizations, more specifically, Al Qaeda

March 4, 2013 0

Not all priors are equally defensible.

By News Desk

There appears to be a lot of Bayesian thumb sucking going on, maybe the first was Eli’s duo with Socrates , and, of course the bunnies know that James has been going on about uniform priors , and there is always Andrew Gelman .  Now some, not Eli to be sure, might think that the recent election also gave a strong push to priors and p values and such.  Nate Silver of the NYTimes blog five thirty eight has a book out which is reviewed in Science by Sam Wang and Ben Campbell, who also are in the election prognostication business.  Silver, of course, is another guy with a Bayesian hammer looking for statistical nails and finding them all about.  Eli thought a  couple of paragraphs towards the end capture what the Rabett has been trying to beat into bunnies heads. Our biggest criticism of the book is that although statistics and Bayesian inference are powerful ideas, they are not a cure all.  In his enthusiasm for the good Reverend, Silver has stuffed a fair bit into the same Procrustean bed.  Silver uses the old fox-hedgehog analogy, saying that foxes (including himself) use many ideas, whereas hedgehogs focus on one subject only.  But here he is a hedgehog with one big idea:statistics.

March 2, 2013 0

China "Fully Prepared for Currency War" Says China’s Central Bank Deputy Governor

By News Desk

Please consider China well-prepared for currency war: official . China is fully prepared for a looming currency war should it, though "avoidable," really happen, said China’s central bank deputy governor Yi Gang late Friday. A currency war could be avoided, Yi said, if policymakers in major countries observed the consensus, reached at the recent G20 meeting, that monetary policy should primarily serve as a tool for domestic economy.

March 2, 2013 0

Bright horn

By News Desk

Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves

March 1, 2013 0

"The Blame Game"

By News Desk

"The Blame Game" Posted by Michael Shedlock at 12:13 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy

February 28, 2013 0

What Bernanke Didn’t Say About Housing (And Everything Else); Bernanke’s Ploy

By News Desk

What Bernanke Didn’t Say About Housing (And Everything Else); Bernanke’s Ploy Caroline Baum had some interesting comments about Bernanke’s testimony before Congress in her writeup What Bernanke Didn’t Say About Housing . One of the more interesting exchanges at Ben Bernanke’s testimony to the Financial Services Committee today was the one between the Federal Reserve chairman and Representative Scott Garrett, a Republican from New Jersey.     Citing Bernanke’s assertion that one of the benefits of QE had been the rise in home prices, Garrett said the following: "Previously you have said that the Fed’s monetary policy actions earlier this decade, 2003 to 2005, did not contribute to the housing bubble in the U.S. So which is it?