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The Balance Sheet: Online Only: The New Yorker
Lefty Rosenthal—the antihero of Nick Pileggi’s “Casino” and the model for Robert De Niro’s character in the movie of the same name—died a few days ago, which I learned thanks to a great obituary notice (is that a contradiction in terms?) by Bruce Weber. Obviously, the reason most people know or ...
The Balance Sheet: Online Only: The New Yorker
newyorker.com — A couple of weeks ago, economist Brad DeLong suggested (at least semi-seriously, I think) that now might... be a good time to “take the Social Security Trust Fund balance out of Treasuries and move it into equities.” As he put it, “Buy low, sell high ... (more) The Balance Sheet: Online Only: The New Yorker
The Balance Sheet: Online Only: The New Yorker
newyorker.com — One of the peculiarities of the U.S. budget process is that we don’t distinguish between “expenditures” that... are actually long-term investments, often with high returns for the economy as a whole, and expenditures that are consumption in the ... (more) The Balance Sheet: Online Only: The New Yorker
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There're a Lot of Holes in the Desert
Club for Growth — Was the late Lefty Rosenthal an innovator in Las Vegas?

Monday links: reasons for optimism
Abnormal Returns — ... and Demand) Is China the next trouble spot?  (Infectious Greed, 24/7 Wall St.) Jim Cramer, “I’m not Warren Buffett.”  (LATimes.com also NYTimes.com) Why is Barron’s ‘banned’ from CNBC?  (Big Picture) On the invention of the modern sports book.  (The Balance Sheet) Moneyball, the movie.  ( ...

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