Sunday, October 30, 2005
The irony of big oil's record-breaking profits in the midst of hurricanes, war, and generally lacking production, illustrates perfectly how dysfunctional commodity markets can be. When pricing is based solely on scarcity, basically, weird stuff happens. The detroit news has a good articleabout the level of revenue and earnings excesses. This photograph of the Exxon Chairman and CEO, Lee Raymond, is brilliant photographic editorializing by DETnews. Mr. Raymond looks concerned about the troublesome intersection of commodity economics and social responsibility.
Saturday, October 29, 2005
Add this to your iTunes podcasts, and you will start getting daily updates from the del.icio.us popular list. Why is this cool? Well, it is like having thousands of people vote on what internet mp3s are interesting or appealing. So far, I've noticed that the popular list tends to be dominated by funny or jarring covers (e.g. Nina Gordan's acoustic rendition of the NWA's Straight Outta Compton). Like everything del.icio.us, there is a deeply self-referential aspect to your enjoyment -- the podcast is entertaining, as is contemplating why these mp3s are popular.