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.

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Two Different Approaches to Central Banking

2008europeangraphic

The entire article is fascinating . . . 

Source:
In Europe, Central Banking Is Different
CARTER DOUGHERTY    
NYT, March 6, 2008
http://www.nytimes.com/2008/03/06/business/worldbusiness/06euro.html

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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
Converter
, 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.

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

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Sources:

The Complete Guide to Converting DVDs to iPod Format
Jerrod Hofferth
iLounge, November 21, 2005
http://www.ilounge.com/index.php/articles/comments/the-complete-guide-to-converting-dvds-to-ipod-format-mac/

Rip DVDs To Your Mac To View On AppleTV And iPod.
Alexis Kayhill
Mac360, Friday, April 13, 2007
http://mac360.com/index.php/mac360/comments/rip_dvds_to_your_mac_to_view_on_appletv_and_ipod/

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