OMG: Cochran and Razib on Blogginheads!
They of course discuss human evolution, the topic of Greg's book. It's a fun and interesting discussion, but the book is a lot better at making it all understandable.
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The House of Representatives shall be composed of members chosen every second year by the people of the several states, and the electors in each state shall have the qualifications requisite for electors of the most numerous branch of the state legislature.
No person shall be a Representative who shall not have attained to the age of twenty five years, and been seven years a citizen of the United States, and who shall not, when elected, be an inhabitant of that state in which he shall be chosen. [EA]
Words of love, soft and tender
Won't win a girl's heart anymore
If you love her then you must send her
Somewhere where she's never been before
Worn out phrases, and longing gazes
Won't get you where you want to go - No!
Words of love, soft and tender won't win her...
You oughta know by now,
You oughta know, you oughta know by now,
Words of love, soft and tender
Won't win her anymore.
American Express Co. (AXP) is offering a $300 incentive for customers to cancel their accounts as the card issuer and payments processor grapples with surging loan delinquencies and reduced card-member spending.
The move comes as credit rating firms have warned that rising credit-card delinquencies could push the industry's charge-off rate into the double-digits by the end of the year from December's record level of 7.7% amid higher unemployment and a bleak economic outlook.
"It's a tool that has been used in the past to motivate borrowers to close off balances," says Scott Valentin, an analyst at FBR Capital Markets. Valentin cited an instance some years ago where National City offered $200 to borrowers who would close their home equity lines of credit.
A potential problem for the company "is adverse selection," says Valentin. " The risk is that the ones that take $300 and close their balances do have the ability to pay, and the ones left behind that don't take the $300 anyway couldn't afford to pay off their balance."
I think that what I've said is what other economists have said across the political spectrum, which is that if you delay acting on an economy of this severity, then you potentially create a negative spiral that becomes much more difficult for us to get out of. We saw this happen in Japan in the 1990s, where they did not act boldly and swiftly enough, and as a consequence they suffered what was called the "lost decade" where essentially for the entire '90s they did not see any significant economic growth.I think if that should be our fate - a decade of 1.5% real growth - we ought to declare a national holiday. I'm afraid what lies in store is something much worse than that, and Obama's stimulus can't possibly prevent it. But where do people get the idea that comparisons to Japan are remotely valid?