By Nate Silver, FiveThirtyEight @ nytimes.com, Feb. 24, 2012
On Thursday, I warned you to be cautious about assuming that Mitt Romney had retaken the lead from Rick Santorum in Michigan until we saw some concrete evidence for it. Today, it looks like we have some. [....]
Note: he has changed his forecast pretty drastically; right now he has Mitt at 67% chance to win and Santorum at 33%; yesterday he had Santorum at 38.4% and Mitt at 36.8%.
This sure qualifies as defining deviance down! There is, in reality, no sort of loophole pursuant to which the party who presents evidence in court which is known to be false can escape responsibility. Stay tuned. (Bar complaint to follow, guaranteed.)
I know some people might suggest the money spent on these rockets could be better spent lifting their people out of poverty, but given their population of well over a billion people, I think that forcing them into either/or options is narrow thinking.
Krugman explains why the ruble has fallen more then the deflation of the price of oil. He looks at all the debt that the oligarchs has accumulated out side of Russia. All this debt is held in foreign currency and not in rubles. Normally this type of currency crash happens when high foreign debt is caused by government over borrowing and low exports. This is not the case because exports have been high in Russia and government borrowing low. The private sector has been accumulating assets out side of Russia with heavy borrowing.
It is a good read. I like how in the end he brings up the love affair some of the far right's with Putin. Like I said in a comment on the other thread on this subject. Russia is a far right's wet dream.