Sunday, September 28, 2008

The Financial Situation

Here is a list of insightful commentaries.

Peter Bernstein asks what I think is the best question in all of this: If the government is going to limit the losses of risk taking, why would anyone take less risk in the future?

Friday, September 5, 2008

NIMBY: Priceless Edition

This maybe the greatest, most absurd example of NIMBY I have ever seen.

T. Boone Pickens, of the famous Pickens Plan to increase the capture of wind energy in the United States, was interviewed by Fast Company Magazine. After outlining his project, Pickens was asked the following:

And you'll do all of this on your beautiful 68,000 acre ranch?

To which he responded:

I'm not going to have the windmills on my ranch. They're ugly.