openpolitics.com

Even the promise of reunification with the South will bring disillusion. Poor North Koreans will be exploited by South Korean employers and tricked by financial scammers. Members of the former regime, their criminal skills already honed, will seize chunks of the economy and even prey on hitherto safe South Korean cities. And what fate awaits educated North Koreans? Doctors can make drips out of beer bottles, but know nothing of the modern pharmacopoeia. The typical history teacher, Mr Lankov says, “knows a lot about events that never actually happened”.

in the same week that Mr Benítez was sacked, a local radio station in the south-eastern state of Tabasco revealed audio recordings of Andrés Granier, a former governor of the state, bragging about his 400 pairs of shoes, 600 suits and 1,000 shirts, most of which he kept in his swanky homes abroad because, he said, he was obliged to dress down in Tabasco. Responding to the revelations, which were recorded shortly before he left office, he claimed that he was drunk at the time, and denied most if it. But newspapers were quick to note the old saying that children and drunks always speak the truth.

The evolution toward platforms such as Twitter that empower the individual are allowing Al-Qaeda's supporters to avoid forum censors and promote their own personal narratives, which are not necessarily in agreement with that of Al-Qaeda's messaging strategy writ-large.

After all, Pastor Brown is right to call the Bible scandalous, filled as it is with stories of murder, adultery, deception, theft, and other risqué activities. Scandal is no more salacious than the accounts of Old and New Testament biblical figures, from King David and his philandering-but-wise son, King Solomon, to Apostle Paul, pre-conversion.

Every summer, the 59-year-old Chinese blogger Zhang Shihe rides his bicycle thousands of miles to the plateaus, deserts and hinterlands of North Central China. In this Op-Doc video, we meet Mr. Zhang, known to his many followers online as “Tiger Temple,” as he goes to great lengths to document the stories of struggling rural villagers whose voices are seldom heard in China’s state-monitored media.

Mr. Blankfein has had a public image makeover, thanks in part to initiatives by Goldman. After the financial crisis, Goldman announced new charitable efforts, started an advertising campaign and showed an increased willingness to engage with the media.

"Producing a kilo of beef requires 13 kilos of grass or green matter. But to produce a kilo of cricket, beetle or grasshopper meat one needs just 1.5 to 2 kilos of feed and it produces a fraction of the carbon dioxide emissions”

To boil it down, I don't think Hu Jintao or Xi Jinping believe in Communism themselves. And I don't believe any of the political leaders believe in Communism themselves, otherwise they wouldn't need to accept bribes and they wouldn't be so corrupt.

Sometimes strings need to be pulled. When Sunny Thakur, the scion of a suburban family influential in politics and real estate — and, according to press reports, the underworld — realized that even with a hydraulic nose-lift system, his matte-black 2012 Aventador LP700-4 couldn’t clear the local speed bumps. His solution, he said, was to lobby his uncle, an influential politician, to have them lowered.

In this insight was the germ of Chapter 11 of the modern US bankruptcy code, the provision that allows an insolvent corporation to write off old debts and have a fresh start as a going concern.

The British devised the concept of legal discharge from debt not out of a sudden attack of compassion but because the economic crisis of the 1690s had put much of the merchant class in jail. The cause was not improvident or immoral behavior on the part of debtors, but general economic dislocation beyond their control, caused by the confluence of bubonic plague, recent wars with France, and a storm that devastated the merchant fleet in 1703.

.. Legal historians such as Bruce Mann have observed that, for capitalism to proceed, it was necessary to shift the economic thinking and legal policy governing debt from moral questions to instrumental ones.

.. after a brief flirtation with World War I–style reparations, the occupying powers agreed to behave differently: they wrote off 93 percent of the Nazi-era debt and postponed collection of other debts for nearly half a century. So Germany, whose debt-to-GDP ratio in 1939 was 675 percent, had a debt load of about 12 percent in the early 1950s—far less than that of the victorious Allies—helping to produce postwar Germany’s economic miracle.

As Fed chairman, every time I expressed a view, I added or subtracted 10 basis points from the credit market. That was not helpful. But I nonetheless had to testify before Congress. On questions that were too market-sensitive to answer, “no comment” was indeed an answer. And so you construct what we used to call Fed-speak. I would hypothetically think of a little plate in front of my eyes, which was the Washington Post, the following morning’s headline, and I would catch myself in the middle of a sentence. Then, instead of just stopping, I would continue on resolving the sentence in some obscure way which made it incomprehensible. But nobody was quite sure I wasn’t saying something profound when I wasn’t. And that became the so-called Fed-speak which I became an expert on over the years.

In these big sets of data, which were far larger than those used in, for instance, the 1985 basketball study, success did slightly increase the chances of subsequent success — though generally over a longer time frame than the next shot. Basketball players experienced statistically significant and recognizable hot periods over an entire game or two, during which they would hit more free throws than random chance would suggest. But they would not necessarily hit one free throw immediately after the last.

I imagine that I’m a person who’s never sick, never needs medicine, has no vices, comes from a healthy family, and is so spiritually and emotionally balanced that he never needs help. The person I actually am is more than a little out of shape, is probably a candidate for heart trouble, enjoys a scholarly pipe smoke a little too much, and has several times been so beset with spiritual and emotional trouble that he needed serious help from a counselor. It’s official. Hello, Doc. My name is Andrew, and I’m a person with Real Problems. I sat on the papery hospital bed thinking about how uncomfortable I was that the doctor knew more about the “real” me than most people.

.. I saw the great Garrison Keillor at the Ryman Auditorium a few years ago when A Prairie Home Companion came through town, and was struck by how comfortable he was in his own skin. He has one of the most recognizable voices in radio history and has been entertaining us for decades—but he has, as they say, a face for radio. He’s not an attractive man. His eyes are bulgy, his nose is a little too small, he’s gangly, he hunches, and though his speaking voice is magical his singing voice is about as plain as you could imagine. But when he steps out onto the stage in his suit and bright red sneakers, he shines. He dances around as awkward as a goose on stilts, singing badly and looking odd—but he’s so joyful, so clearly doing what he loves to do, that he doesn’t care how weird he looks.

The extensive involvement of Rove, not only with Liberty Works, but with all aspects of Republican efforts to build a technologically advanced, integrated voter list has provoked new charges that Rove is acquiring unprecedented control over the Republican electioneering machine: over the aggregation of tactically valuable data and of sharing it; over fundraising; over candidate selection; over voter mobilization; and finally over issue prioritization.

.. Here’s why data ownership is a big deal. To paraphrase the geographer Halford Mackinder: Who controls the data controls the candidates; who controls the candidates controls the party.

In other words, Keynes was saying economics has to do more than just tell us how the world works when the world works. It has to tell us how the world works when it doesn't -- and how to make it work again. An economist who only says our problems will eventually go away is no better than a doctor who says the same of illnesses. This is not a call to ignore the future, but rather to stop ignoring the present.

It was during this time that he conceived what he calls his “Keplerian quest.” Three centuries earlier, Johannes Kepler had made sense of the seemingly irregular motions of the planets by a single geometrical insight: he posited that their orbits, instead of being circular as had been supposed since ancient times, took the form of an ellipse. As a teenager, Mandelbrot “came to worship” Kepler’s achievement and aspired to do something similar—to impose order on an inchoate area of science through a bold geometrical stroke.

.. To Mandelbrot, these two men were “made of stardust.” He served as postdoc to both: first to Wiener at MIT, and then to von Neumann at the Institute for Advanced Study in Princeton—where he had a nightmarish experience. Delivering a lecture on the deep links between physics and linguistics, he watched as one after another of the famous figures in the audience nodded off and snored. When he finished, the renowned historian of mathematics Otto Neugebauer woke the sleepers by shouting, “I must protest! This is the worst lecture I ever heard!” Mandelbrot was by now paralyzed with fear, but happily a formidable pair came to his rescue: first Robert Oppenheimer, who flawlessly conveyed the intended gist of the lecture in one of his legendary “Oppie talks”; and then von Neumann, who did the same in one of his equally celebrated “Johnny talks.” The audience was transfixed, and the event ended in triumph.

.. The fractal model of financial markets that Mandelbrot went on to develop has never caught on with finance professors, who still by and large cling to the efficient market hypothesis. If Mandelbrot’s analysis is right, reliance on orthodox models is dangerous. And so it has proved, on more than one occasion. In the summer of 1998, for example, Long-Term Capital Management—a hedge fund founded by two economists who had won Nobel Prizes for their work in portfolio theory and staffed with twenty-five Ph.D.s—blew up and nearly took down the world’s banking system when an unforeseen Russian financial crisis foiled its models.

According to one study, women in the arts and entertainment are more likely to keep their names; the authors hypothesized that their maiden names had already become "akin to a 'brand'."

.. Cokie Roberts's full name is actually Mary Martha Corinne Morrison Claiborne Roberts. Cokie was just easier for her brother to pronounce.

We are killed by the accumulation of our own normal neurotransmitter telling our own nerves to do the normal things they normally do, just in excess. One could draw an analogy to cancer.

South african classic. Clasico verbenero. The Queens are Emily Zwane from Brakpan, Thandi Radebe from Dube ( Soweto ), Beatrice Ngcobo from Durban, Thandi Nkosi from Emdeni ( Soweto ) and Caroline Kapentar from Bloemfontein. They are considered the best Mgqashiyo entertainers in Southern Africa.

From a series of films based on the book Marriage for Moderns by Henry A. Bowman comes "Choosing for Happiness," a dating how-to guide for young women in 1950, courtesy of the Prelinger Archive

.. In an era when the median marrying age for women was 19, this instructional film reminds us that, in the '50s, society still viewed college for women as merely a layover on the way down the aisle