Nobel Prize winning Economist, Paul Krugman, has a simple way of explaining things. I never understood the Euro mess until I read this:
The introduction of the euro in 1999 led to a vast boom in lending to Europe’s peripheral economies, because investors believed (wrongly) that the shared currency made Greek or Spanish debt just as safe as German debt. Contrary to what you often hear, this lending boom wasn’t mostly financing profligate government spending — Spain and Ireland actually ran budget surpluses on the eve of the crisis, and had low levels of debt. Instead, the inflows of money mainly fueled huge booms in private spending, especially on housing..
In a memorable movie Kathleen Turner says to her teacher "I happen to know that in the future I will not have the slightest use for algebra, and I speak from experience".
But to solve the riddle of major news organizations (CNN, Reuters, Politico, etc) offering conflicting stories about who won the Arizona Tea Party Straw Poll, Ron Paul or Herman Cain, a little high school algebra does wonders.
Ron Paul did win 49% of one part of an Arizona Tea Party straw poll and 15% of another part of an Arizona Tea Party straw poll.
Herman Cain did win 12% of one part of an Arizona Tea Party straw poll and 22% of another part of an Arizona Tea Party straw poll.
Ron Paul did get 581 straw poll votes
Herman Cain did get 256 straw poll votes.
About 1600 people did take part in the Arizona Tea Party straw polls.
It is probably true that 1600 people paid up to 125$ to attend an onsite one day event.
It is probably true that 2300 (maybe even 3000) people paid up to 10$ to view this event online.
The other information in the various articles
2300 people took part in an online poll
1600 people took part in a live/onsite poll are FALSE.
High school algebra is how you sort out truth from sloppy reporting because the number of people taking each version of this poll was never reported correctly by the news media or the straw poll event organizers. Why, is up for someone else to figure out. I just do math.
"Being pragmatic is about forming coalitions," Paul said Wednesday at a breakfast sponsored by the Christian Science Monitor. "I probably work with coalitions better than the other candidates. I don't think I've said anything negative here about the president."
The mainstream media is finally starting to treat Ron Paul's candidacy seriously Huffington Post likes Paul's chances
Michelle Bachmann is no longer considered credible and the author believes Paul has a shot to supplant Perry as the best non-Romney. I am surprised and pleased.
"There is nobody in this country who got rich on his own — nobody.
You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.
Now look, you built a factory and it turned into something terrific, or a great idea. God bless — keep a big hunk of it. But part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along.”
- Elizabeth Warren
With another election cycle underway, the topic of faith is a recurring one, especially in the current Republican primary race. Bob spoke with Amy Sullivan, who writes about religion and politics for Time. She says journalists often miss the mark when discussing candidates' religions.