markets

Stan, U.S. public education has always been a real market.  Unfortunately, it gets manipulated too much and suffers from institutional decay.  If functions surpisingly well in some ways, in higher education and research, and surprisingly poorly in others, K-12.  That those with the means overcome the impediments is a story as old as our founding as this Encarta article describes.

I am a huge Yankees fan.

I grew up in Brooklyn.  Although I have one memory of watching the Dodgers play at Ebbets Field, by the time I was old enough to develop a loyalty to a team the Yanks were the only one left in New York.  I can still give you the names, numbers, and positions of every player on the 1961 Yankees. I still grieve over Bill Mazeroski's homerun in the seventh game of the 1960 series against the Pirates.  Thurman Munson and Bucky Dent will forever be heroes.

The LA Times this morning has what has to be taken as a gloomy report about the economy, citing an UCLA study that says a recession is possible in the not too distant future.

The story talks about falling housing prices and declining new home starts as reasons for the economic troubles. Here's are the two key sentences: