From Antarctic Ice Shelf Disintegration Underscores a Warming World, March 25.
Satellite imagery from the National Snow and Ice Data Center at the University of Colorado at Boulder reveals that a 13,680 square kilometer (5,282 square mile) ice shelf has begun to collapse because of rapid climate change in a fast-warming region of Antarctica.
And after Round 3 of the
2008 NCAA Bracket Econbrowser Challenge we have not one but two entries (from N. Klingenstein and H. Parsley) that correctly picked all of the Elite Eight finalists. How they knew Davidson would get there is beyond me.
I’ve been invited to give the keynote lecture at the Society for Nonlinear Dynamics and Econometrics Annual Symposium next week at the Federal Reserve Bank of San Francisco. I plan on presenting results of some ongoing research with Mike Owyang of the Federal Reserve Bank of St. Louis on regional propagation of business cycles. This is the first of two posts that describe some of our findings about how recessions differ and seem to propagate across different states and regions.
Last week we received some new data linking commodity prices to the decisions of the U.S. Federal Reserve.
At the risk of losing my audience by skipping over the the record housing price decline, and an outsized drop in the consumer confidence index, I’m going to focus on what seems like old news (but is being reflected in current news on the dollar), namely the OECD reduction in growth forecasts for the G-7 economies. The euro area economy is slated to do better than the US economy in 2008H1, but that’s not saying much.
Here are a couple of nice summaries of the credit crunch and the Fed’s response.
Here’s the status of the 2008 NCAA Bracket Econbrowser Challenge now that the tournament is down to 16 surviving teams.
Some personal reflections on the last year of my father-in-law, who died Thursday at the age of 86.
Herewith an update on how the
2008 NCAA Bracket Econbrowser Challenge stands after round 1.