Who Are the Socialists: FOMC vs ECB ?

Today’s chart porn is off of the most interesting article I read in today’s NYTimes: In Europe, Central Banking Is Different.

Note that Central Banks in Europe left  rates unchanged today.

The full article describes how the ECB focuses on reducing inflation. However, there is a laundry list of  factors the ECB pretty much ignores:

-Eliminating the normal business cycle;

-Preventing a recession regardless of costs;

-Allowing the currency to be debased.

Further, the ECB doesn’t seem to care where their equity markets are.


Two Different Approaches to Central Banking


The entire article is fascinating . . . 

In Europe, Central Banking Is Different
NYT, March 6, 2008


Category: Federal Reserve, Fixed Income/Interest Rates

Pending Home Sales Down 19.6%

Category: Credit, Economy, Real Estate

ADP Report, NFP Numbers for February 2008

Category: Data Analysis, Economy, Employment

Faber Says Bernanke Policy Will `Destroy’ U.S. Dollar

Category: Currency, Federal Reserve, Inflation

Why Can’t I Rip DVDs to My iPod?

Simpsons_movLegally, that is.

This is my annoyance of the moment: Why are DVDs a DRM-locked proprietary platform? When I purchase one, why can’t I use this on a convenient, portable device such as my iPod?

What a pain in the arse it is to rip a DVD: Frist, you need to use several products (MP4
, Handbrake, Ripper); 2nd, it takes forever. 3rd, and its illegal to do so.

What brought this about recently was The Simpson’s Movie — actually, more  of an extended 90 minute episode. I saw it with my nephews (with me snoozing thru parts of it).

However, going through the extras, I started listening to producer/writer commentary. Unbelievably entertaining stuff, like a terrific radio show with several very funny people cracking each other up. I would have liked to put on the iPod for the train, but no such luck.


I can rip the basic movie, but not the special audio commentary. Anyone have a clue how to do that?



The Complete Guide to Converting DVDs to iPod Format
Jerrod Hofferth
iLounge, November 21, 2005

Rip DVDs To Your Mac To View On AppleTV And iPod.
Alexis Kayhill
Mac360, Friday, April 13, 2007

Category: Digital Media, Film, Technology, Television, Video

Ambac, Part III

Category: Credit, Derivatives, Finance

The Misleading Jobless Rate

Category: Data Analysis, Economy, Employment, Psychology

Media Appearance: CNBC’s Squawk on the Street (3/5/08)

Category: Media

Bankruptcy & Countrywide

Category: Consumer Spending, Legal, Real Estate, Taxes and Policy

Bernanke to Banks: Take the Hit

Category: Credit, Federal Reserve, Real Estate