News of the Day 080506

  1. Legislative opposition to online gambling is slowly fading, according to Patrick O’Connor on Politico. Wooohooo! This has been a ridiculous regulation (perpetuated by those crafty “limited government” Republicans. Remember kids, the word is “hypocrisy”) for a longtime that prevents the government from making a lot of money and adults from making adult decisions.
  2. OPEC tensions on the rise as the organization refuses to increase production, citing mismanagement of the American economy as being largely responsible for the increase in oil prices. In fact, many OPEC countries were thinking of cutting production to drive oil prices up in order to compensate for the weak dollar. It’s good to know the providers of the world’s equivalent of “mothers’ milk” continue to use their control over the valuable resource to bend consumers over. I swear to god I’d buy some solar panels if my house wasn’t covered by a massive pecan tree!
  3. Freakonomics posted this paper by a few economists saying, “smaller businesses create more jobs, on net, than larger ones. It’s a long, boring read – but the result are interesting. And it’s pdf, so it might take a little time to load.
  4. Rolling Stone endorsed Obama today, I’m sure you heard. Should we revisit this culture of news publications (which Rolling Stone isn’t, necessarily) endorsing candidates? I get why they did it back in the day when access to information was limited and they thought they were doing a public service (albeit, motivated by bribe monies much of the time). But these days?? When the public has widespread access to information and can easily make up their own minds? All the major newspapers in Texas endorsed Obama. Didn’t do him much good and aren’t they supposed to be unbiased? Interesting topic for debate and discussion. I must marinate on the topic a bit more.
  5. Experts are returning to their professional dominance after years of tyranny of the masses on the internet, according to Newsweek. “In December, Google began testing Knol, a Wikipedia-like Web site produced by “authoritative” sources that share ad revenue. The sample page contains an insomnia entry written by Rachel Manber, director of Stanford’s Insomnia and Behavioral Sleep Medicine center. In January, BigThink.com, a self-styled “YouTube for ideas” backed by former Harvard president Larry Summers and others, debuted its cache of polished video interviews with public intellectuals.” Us neophytes with our misinformation are going to be relegated to the netherworlds of the web where we belong!!

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