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Published Sunday, February 23, 2014 @ 7:58 AM EST
Feb 23 2014

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"Some people, when they're slightly feverish and taking strong antibiotcs, have exotic dreams. I dream of digital rights management."

"Sounds exciting."

"Not the way we implement it."

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They used a text-analysis program to measure the tone of articles in USA Today between 2007 and 2009, and found that especially positive articles predicted a downturn in the Dow Jones Industrial Average between a week and a month later. The researchers also analyzed all twenty-one U.S. Presidential inaugural addresses between 1933 and 2009, and found that Presidents who waxed optimistic about the future saw a rise in unemployment and a slowdown in economic growth during their terms in office. It’s perhaps too strong to suggest that positive thinking, alone, produced these large macroeconomic changes, but the staggering results in this most recent paper are consistent with more than a decade’s worth of studies in Oettingen’s lab. (The Powerlessness of Positive Thinking)

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Just a reminder- Abe Vigoda's birthday is tomorrow. Get your party supplies today.

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When the next crisis happens, and by the nature of markets, it will happen again, the government will do the only rational thing it can, and once again step in and save the institutions with taxpayer money. The economy will again be wrecked and the average family will again pay the costs.

The bankers won't suffer much, not personally. That's the real stupidity tax, and we are all paying. The Powerball lottery: Is it really a stupidity tax?.

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(YouTube video: a great Vivaldi/Disney mashup.)

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Beware the meeping angels.


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