Archive for the 'Links' Category

Get a handle on what’s happening in the finance industry

Thursday, September 18th, 2008

Leave it to the guys at Freakonomics to find some experts to explain what’s going on in the markets.

Steven Levitt found a couple of finance experts to provide easy-to-understand answers to the most basic questions regarding what happened with Lehman, Frannie and Freddie, and A.I.G. It’s the best explanation I’ve  found so far.

By the way, if you haven’t read Freakonomics yet, you’re missing out on an opportunity to get a good handle on thinking the way an economist does. In addition, the Freakonomics blog is a great read for any armchair economist…wait, aren’t all economists armchair?

Diamond and Kashyap on the Recent Financial Upheavals.

Why study economics?

Monday, September 1st, 2008

In case you might need a good persuasive argument as to why you should study economics, Amazon has gracously made available the first chapter of the 1948 edition of Economics by Paul Samuelson. For being written 60 years ago it is still quite prescient.

Although the practice appears to be less widespread today, there has been a stigma about studying economics because it is hard and confusing. Sure, but the discipline is damn useful.

With a firm understanding of economics, it is easy to comprehend how some people are wealthy, while others have little; why the price of a slice of pizza has gone up. But also less obvious things: like why do people continue to live in areas that have recurring threats of natural devastation, or why people still abuse credit cards (or cigarettes or junk food or running) even with full knowledge of the dangers.

To answer the question, “Why study economics?” the simple answer is that economics is a set of tools you can use to understand human decision more clearly, so you can make better-informed decisions in your life. It’s one of the few subjects which can make you happier, healthier, and wiser with a little application.

(Via Freakonomics)

“China’s Economic Future” and “The Beijing Olympics” Revisited

Saturday, August 16th, 2008

Since I posted my articles on China, I’ve found several articles in the same vein about China that are very interesting, not to mention much better written.

First, from Cracked.com – which is one of the funniest and smart sites around nowadays – is an expletive-filled rant about the Beijing Olympics, “What the Olympics Really Mean to China.” Look for the hilarious bit about the American swim team beating the cocky French team.

io9, a great sci-fi blog, has an interesting post about the future of China, “Coming Soon from China: Dystopic Futures, the Next Steve Jobs, and a World Full of Drumming Androids.” The author makes some predictions that could very well come true if Americans continue in their recent vein of complacency. I doubt that though – at some point we’ll become so pissed off with what our country has become that we’ll improve. I’m mad as hell and I’m not going to take it anymore!

Finally, from The Economist, are two articles on China and what’s really going on there: “China’s dash for freedom” and “Welcome to a (rather dour) party.” Both articles touch upon what I believe is really happening minus my optimism. In fact, they’re so well written and offer such a complete view of what I was trying to say that it makes me feel inadequate in my writing. Regardless, I have high respect for The Economist. It’s well-written and seems to be filled with the few journalists with the balls to give their own subjected opinion without sounding like a shrill Pentagon lackey. Oh, and the paper’s view is usually the correct one.

Never Mind The Buzzcocks Series Finale On Veoh

Sunday, December 23rd, 2007

For the Never Mind The Buzzcocks fans out there that aren’t in the U.K., the latest episode is on Veoh here.

I told myself I’d never use Budaeli as a linking blog so I could create original content, but I can’t pass this up for those out there who share the same excitement as me…so don’t expect much more in the way of link posts.