Iowahawk is back (sans comments, apparently), from an alphabetical tour of our great land:
Why I’m Not On Television
Why I’m Not On Television
Why I’m Not On Television
Domains Missing In Action
First Clark Lindsey, and now Lileks. Do the end times approach?
[Update at 11:45 AM EDT]
Hobby space is back up. Lileks is still down, though.
Losing Reserve
I am reading The Ultimate Resource 2 by Julian L. Simon (Princeton, 1996). He makes the point that commodities prices tend to decline over the course of the last couple of hundred years compared to the cost of human labor. The average US wage in 1999 dollars is growing at about 2.1% per year geometric mean from 1900-1999. The real interest rate has been about 1% (in the UK anyway).
This means that if technology were constant and reserves were constant, the real price of a commodity would rise 1%. Otherwise, it would make sense to mine as much oil as possible and put the money in the bank, or leave the oil in the ground and wait for the price to rise.
In fact from 1860-2000 the price of kerosene (see figure 5) has dropped about a factor of 6. If you look at the service kerosene was providing (lighting), it has dropped a factor of 40 from
Brit Election Blogging
For those interested, Iain Murray seems to have it covered.
The Academic Bestiary
Sara Townsley, a graduate student in biology (among other things–she should start a blog), offers a field guide to the Cornell University campus.
The Gray-Tufted Nostalgic Lamprey. Physically less imposing than their fearsome and often irreversibly tenured colleagues, comprising the bulk of the liberal arts faculty. These herbivorous throwbacks can be identified by their poor hygiene, old Volvos and apparent lack of vertebrae or testicles. As committed Marxists, a century of genocide poses a bothersome snag; thus, they’re prone to historical revisionism and faddish prejudices. These aging, conformist pseudo-radicals still regard themselves as courageous rebels, despite having built a habitat cleansed of all but lock-step sycophants. Found in organic markets, peace protests and pricey restaurants.
It sounds like a similar habitat to Ann Arbor, Madison and Berkeley.
Good News For Bill Clinton
They may have finally found a cure for herpes–licorice (sorry, subscription required). You can’t just eat it, though–you have to mainline it:
Researchers at New York University ran lab tests on white blood cells, some of which were infected with the herpes virus. Exposing the infected cells to the licorice ingredient, glycyrrhizic acid, shuts down LANA. That starts a chain reaction of biochemical changes in the white blood cells, leading to their suicide and the virus’ death. The uninfected cells showed no detrimental effects from glycyrrhizic acid, the researchers report in the March Journal of Clinical Investigation.
Cool.
Have A Dos Equis
Today is my first Cinco de Mayo since leaving southern California, and clearly the holiday is much less a part of the culture in southern Florida than it is there. It’s not a day that I’ve ever celebrated myself, and given the ongoing disaster that has been Mexican governments, alternating between feudalism and crony socialism, since Independence and up to the present day, I’m often puzzled that the Mexicans celebrate it, though I suppose they’re still better off than they were as a colony, given who the colonialists were. It wasn’t, of course, the day that they won their independence–that happened much earlier–but it was almost certainly the day that they cemented it.
But for Americans, there is one thing to celebrate today–it was a spectacular (which is to say, typical) military disaster for the French.