Philly’s $100 Cheesesteak (CBS3.com)
Yep, it’s today’s Drudge-endorsed econ link. But we know what you’re thinking… this is some ridiculous extravagance for the rich and it probably has crazy ingredients on it, like gold leaf. But nope: $100, that’s just what a normal cheesesteak costs in Philly these days in light of food inflation. Ok, that’s a joke. Among the ingredients: poached lobster and truffles. Blech.
Bernanke’s Bubble Laboratory (WSJ)
Some Bernankeistas at Princeton (where he was CEO of the econ dept.) have set up a “lab” to study bubbles. And that would be financial bubbles, not the kind that could, you know, actually be studied in a lab. Bubbles are fascinating, no doubt. That book about extraordinary popular delusions and the madness of crowds, called Extraordinary Popular Delusions and the Madness of Crowds, is a great read. But labwork on bubbles, c’mon, really?
Microsoft Joins Effort for Laptops for Children (NYT)
Really, we’re not cynical people, but we can’t help but read deeply into the news that Microsoft is now partnering with the (way overhyped) One Laptop Per Child organization. Two things to consider: At this point, the organization has shown itself to be ineffective, so really, no harm in Microsoft giving it some love. And also, this is the exact kind of deal that will kill any zealous, grass roots support the organization has. Who wants to volunteer and evangelize a little, cheap computer with Windows on it. Oh, and how the hell will these things manage to run Windows, when even most people’s computers can’t do it.
Little League, Huge Effect (American)
Youth sports are good for the economy. Probably more of a long-term phenomenon. In the mean time, the only thing that will help is stimulus checks.
The Sweet, Sweet Irony of Mark Cuban and Yahoo (AllThingsD)
By now you’ve heard that Mark Cuban is on Carl Icahn’s proposed board slate as he wages a proxy war for Yahoo. And of course you know the history. Broadcast.com, top of the bubble, yadda yadda yadda. Nevertheless, Kara Swisher writes about it in top notch form, so for some amusement, check it out.
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On the Laptops for Children project, Joe you are right on. This is Microsoft effectively killing the project. Mr. Negroponte jumped the shark, that’s how desperate he was. RIP.
besides becoming expert at 12 in trolling for porn, why do kids need laptops? Shouldnt they be out playing?
guest at 8:26 – I’m guessing you don’t have kids. By 6 they’re bitching that they don’t have their own laptop.
@8.42–maybe you’re just a crappy parent who uses technology to baby sit your kids instead of being actively involved.
Cosmi’s Deli on South 8th Street has the best cheesesteaks in Philly.
Chuck Norris FACTS!
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The FED is not concerned with inflation when it cuts rates.
The FED is concerned with the fact that Chuck Norris has a HELOC that is based on the fed funds rate
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Chuck Norris doesn’t use bid and ask….its give and take.
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Chuck Norris is the best performing money manager of all asset classes of all time frames of all time.
All lists you see are those who came closest.
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ECNs means Establishments of Chuck Norris.
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Here’s the link
http://elitetrader.com/vb/showthread.php?s=70423058d96a98f136b10ca7169bad9a&threadid=127184
Happy Friday
Metals Trader
Children are a waste of skin.
OLPC has been an unmitigated disaster since inception. The infighting, bickering, and politicking that any remotely informed critic warned of has, and will keep the project from acomplishing its stated ‘goals’ on the scale they intend. As Joe and diablo point out, Mr. Softy is definitely the proverbial nail in the coffin.
Oh, and Pats cheesesteaks all the way. With the Whiz!
Actually, the $100 cheesesteak at Barclay Prime isn’t that good. But the Kobe Sliders are a must-buy.
The Barclay cheese steak is definitely interesting – but the slider’s are from heaven.