There’s No ‘I’ In Teamwork But There’s Something That Looks Like An ‘I’ In “WWIII”--Bess LevinPhoto links here, here, and here.
This summer, [Derek Jeter] ended up hooking up with a girl who he had hooked up with once before, but Jeter seemed to have forgotten about the first time and gave her the same identical parting gift, a gift basket with a signed Derek Jeter baseball. He basically gave her the same gift twice because he’d forgotten hooking up with her the first time!--pal of Derek Jeter
If, say, Portugal had borrowed lots of money in the last decade and invested it in gold, it really wouldn't have a problem at all. It would have a huge debt burden but also a corresponding asset that is liquid enough to allow it to service the debt. This is small example of a problem overlooked by a lot of macroeconomic types who focus on "aggregate demand," as if the actual things produced through government sponsored demand didn't matter. But they do matter, a lot. This one of the reasons that government spending can slow the economy. It misdirects spending to political ends, rather than economic ends.--John Carney