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Wesley Clark gets it right

Amid the uproar over Rush Limbaugh's resignation from ESPN due to accusations of racist commentary about Philadelphia Eagles quarterback Donavan McNabb, many talking heads on television defending Limbaugh have trotted out the First Amendment defense. According to this article, Rush himself said "that he was exercising his free-speech rights in calling McNabb overrated." Read more »


Pointers

As people often stop reading the blog page when they get down to a post they remember reading, it might be worthwhile to point out the missing posts that were added in today.


Roads? Where we're going we don't need roads

mcflydoc.jpgYou would think that when your blog hits the fan, you would at least notice. Not so. This most devious of bugs was brilliant in its constitution, and stunning in its design. Last weekend, our webhost decided to change the server the site is hosted on to make things run faster, and that we 'wouldn't notice a thing'. They got that right. Read more »


Justice turned upside-down

In my younger wilder days, I partook in numerous post-victory on the field celebrations as the hokies climbed into college football's upper echelon. I knew that in such a mob scene, the potential for injury to my person was not small. Especially around the goalposts. Simply by running onto the field from the safety of the stands, I was putting myself in danger, and it was my responsibility to take care of myself. If something had happened to me, it would have been my fault. Read more »


Stock options compensation and opportunity cost II

As Micha pointed out below, although the creation of new stock may be theoretically unlimited, shareholders have the power to put a limit on dilution, and thus practically, scarcity is a real property of stock. After thinking more about the issue over the weekend, here are my current thoughts on the opportunity cost argument for expensing stock compensation. Read more »


Edison Schools and the free market

Kevin Drum writes about recent news with Edison Schools, a corporation that partners with failing school districts in hopes of raising achievement. Read more »


Quote of the Day


Public service announcement

jennifergarner.jpg

The season premiere of Alias starts in five minutes.


Catallarchy College Football Top 25 - 9/27/03

Catallarchy College Football Top 25 - 9/27/03
For all games played up to 9/27/03, the new rankings:
(Methodology -- Week 1 -- Week 2 -- Week 3 - Week 4)

Rank - Team - Previous
1 -- Ohio State (2)
2 -- Oklahoma (1)
3 -- Miami (5)
4 -- Virginia Tech (7)
5 -- Florida State (8) Read more »


Patriot Act moves beyond its scope

You knew it was going to happen. Libertarians across the net have been warning about the potential since it was first enacted.

WASHINGTON, Sept. 27 ? The Bush administration, which calls the USA Patriot Act perhaps its most essential tool in fighting terrorists, has begun using the law with increasing frequency in many criminal investigations that have little or no connection to terrorism.

Commercial quantum cryptography

In light of recent discussions about the future of cryptography, and speculations about the book Cryptonomicon, this recent article from The Economist speaks on the first commercial system for quantum cryptography. An excerpt: Read more »


Quote of the Day


Candy bars and movie tickets

Arnold Kling has posted an entry on the topic of stock options. His entry gives much food for thought, and I will post a thorough reply in the next couple of days.

In the meantime, a question about an underlying issue : Are there any exchanges/giveaways in which the value of one party's gain is radically different the value of the other party's loss, even though the object transferred is the same? A couple of examples that may be analagous to a limited degree: Read more »


Response from reader about global warming

Back in August, I wrote down some thoughts on a letter to the editor from Caleb McClennen published in the Boston Globe regarding global warming. Caleb wrote a response on the blog entry and in an email to me. Here is what he had to say, with my own response underneath.

Jonathan,

Stock options compensation and opportunity cost

Arnold Kling links to a paper titled "The Trouble with Stock Options" by Brian J. Hall and Kevin J. Murphy, and quotes the following excerpt from it... Read more »