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%.
I have been following this very closely for the last week. Iceland is in for another eruption. It is fascinating how close they were to the actual day it would erupt. Scientist have been reporting the lava as it moved under the crust. This is a bad situation for Iceland because this is subglacial and can cause a jökulhlaup which is an water ice flood. This thread will continue to update through the night.
No one I read explains money matters better than Frances Coppola. Here she begins a series on the changing nature of money.
These days, nearly all forms of money bear interest, which makes them indistinguishable from interest-bearing assets. [T]he paying of interest on bank reserves, coupled with the decline of physical currency, all but eliminates the distinction between interest-bearing safe assets such as Treasury bills and what we traditionally call “money”. All assets can be regarded as “money” to a greater or lesser extent: the extent to which assets have “moneyness” is really a matter of liquidity.
I'm hoping that this article by Amos Harel, defense correspondent for Israel's Haaretz newspaper, comes through the paywall. Harel is someone I read regularly. He has this no-nonsense straight-forward way of writing that I find refreshing, and many others might find dull. But he knows his stuff. Here's his not so positive assessment of what the future looks like for Israelis and Palestinians.