Archive for May, 2010

I FIND THIS ANALOGY UNPERSUASIVE: “Indeed, the parallels between Israel and — gulp — North Korea are becoming pretty eerie.”

ISRAEL NEEDS TO BE more Jacksonian.

OH, GOODY: Home Sales Set to Plummet in Markets Hit Hard by Foreclosures. “A sample of subdivisions in both cities showed sales contracts for new homes ‘pulled back sharply in May and contract cancellations spiked,’ Houston-based Metrostudy said in an e-mail. Would-be buyers canceled about 40 percent of new home contracts in San Diego in May, up from 10 percent in April, the company said. Data on new signings in that city weren’t immediately available. Sales indicators fell after April 30, the last day for homebuyers to sign contracts in time for a federal tax credit of as much as $8,000 for first-time purchases and $6,500 for certain ‘move-up’ buyers. The deadline may have hurried customers to snap up properties when they otherwise would have waited, said Brad Hunter, chief economist based in Palm Beach Gardens, Florida, for Metrostudy.” As with the cash-for-clunkers debacle, this basically seemed to involve a sort of borrowing against future sales. You get a bit more activity now, at the cost of less activity later.

LEARNING from Canada.

IF YOU’RE FREE NEXT MONTH on June 12-13, you might want to attend the H-Plus Summit at Harvard, with speakers including Ray Kurzweil, Alex Lightman, and a host of other stars.

WEIGHT TRAINING IS GOOD FOR YOU: Low Muscle Mass Linked To Type 2 Diabetes. “Even skinnier old people with low muscle mass are at greater risk of type 2 (insulin resistant) diabetes. The risks do not just come from fat.”

MAX BOOT: “Much nonsense has been written in recent years about the prospects of American decline and the inevitable rise of China. But it was not a declining power that I saw in recent weeks as I jetted from the Middle East to the Far East through two of America’s pivotal geographic commands — Central Command and Pacific Command.” America’s biggest weakness is its political class, where the decline is indisputable . . . .