The Price of Parking
1 hour ago
3 Mar 2012
19 Feb 2012
8 Feb 2012
23 Jan 2012
20 Jan 2012
19 Jan 2012
31 Dec 2011
22 Dec 2011
17 Dec 2011
11 Dec 2011
The big squeeze continues
As a sequel to this post:
After a permanent cut in nominal wage of 8.5% in January and an extraordinary cut of 3.5% in December, in the next two years (at least) we will have a cut of 14% in nominal wages per year (public sector only).
Will it be worthwhile?
7 Dec 2011
4 Dec 2011
Quote of the day
“You can have peace. Or you can have freedom. Don't ever count on having both at once.”
Robert A. Heinlin
Source
13 Nov 2011
Quote of the day
"This is not Wall Street, this is Hell. We have some little something called integrity."
Supernatural
9 Nov 2011
21 Oct 2011
Quote of the day
"The lawyers I saw there had about as much in common with the man who had defended me at fifteen as automated machine rifle fire has with farting. They were cold, professionally polished and well on their way up a career ladder which would ensure that despite the uniforms they wore, they would never have to come within a thousand kilometres of a genuine firefight. The only problem they had, as they cruised sharkishly back and forth across the cool marble floor of the court, was in drawing the fine differences between war (mass murder of people wearing a uniform not your own), justifiable loss (mass murder of your own troops, but with substantial gains) and criminal negligence (mass murder of your own troops, without appreciable benefit). I sat in that courtroom for three weeks listening to them dress it like a variety of salads, and with every passing hour the distinctions, which at one point I'd been pretty clear on, grew increasingly vague. I suppose that proves how good they were."
Altered Carbon by Richard Morgan
20 Oct 2011
19 Oct 2011
Quote of the day
"His face looked back at me on the screen, pale. Scared, but not scared enough. Or maybe scared of someone else. Anyone who bar-codes their employees isn't likely to be the forgiving type, and the reflex of longheld obedience through hierarchy is usually enough to overcome fear of a combat death. That's how you fight wars, after all - with soldiers who are more afraid of stepping out of line than they are of dying in the battlefield.I used to be like that myself."
Altered Carbon by Richard Morgan
14 Oct 2011
3 Oct 2011
23 Sep 2011
Economics is everywhere
According to a recent paper by a University of Helsinki researcher:
"The size of male organ is found to have an inverse U-shaped relationship with the level of GDP in 1985. It can alone explain over 15% of the variation in GDP. The GDP maximizing size is around 13.5 centimetres, and a collapse in economic development is identified as the size of male organ exceeds 16 centimetres. "
Via Freakanomics
11 Sep 2011
10 Sep 2011
Portugal's GDP figures for the second quarter of 2011
GDP decreased -0.9% after a decrease of -0.5% in the first quarter.
As a result of austerity measures, domestic demand fell sharply, outweighting the good performance of the external demand contribute to GDP growth.
...all components of domestic demand decreased, with private consumption showing the biggest decline. YoY private consumption decreased -3.7%, the biggest drop since this series were built. (Note: the next chart shows contribution to GDP growth, not YoY growth)
The next chart is the most encouraging, showing that exports have been behaving fairly well, with the second consecutive quarter with YoY growth of 8.4%.
...all components of domestic demand decreased, with private consumption showing the biggest decline. YoY private consumption decreased -3.7%, the biggest drop since this series were built. (Note: the next chart shows contribution to GDP growth, not YoY growth)
The next chart is the most encouraging, showing that exports have been behaving fairly well, with the second consecutive quarter with YoY growth of 8.4%.
9 Sep 2011
MOTELx
MOTELx, Lisbon's International Horror Cinema Festival, is currently taking place. Last year George Romero was here. This year we have Eli Roth, among others.
31 Aug 2011
Quote of the day
Obama wishes to be president of a country that does not exist. In his fantasy US, politicians bury differences in bipartisan harmony. In fact, he faces an opposition that would prefer their country to fail than their president to succeed…
Martin Wolf
Via Brad deLong
10 Aug 2011
6 Aug 2011
4 Aug 2011
My life so far
College - The golden age
After college, early jobs - The great unravelling
Marital relationship - The dark ages
Divorce - Hey, life is ok after all
Phd Student - The great enlightenment a.k.a I can do all that cool stuff too
17 Jul 2011
16 Jul 2011
15 Jul 2011
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