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The Mistake of 2008

Gavyn Davies has a good post on core inflation, monetary policy, and all that. He summarizes nicely the thinking behind the Fed’s belief that a one-time surge in commodity prices is not a reason to tighten. But I’m a bit surprised — not so much about Davies as about the discussion in general — at how little attention is given to the ECB’s Mistake of 2008, which illustrates the trouble with focusing on headline inflation......

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To Tourists, Greek Debt Crisis Is a Distant Concept By NIKI KITSANTONIS Published: September 20, 2011 FROM NEW YORK TIMES ATHENS — Despite all the gloom surrounding Greece and its battered economy, the sun has been shining on the country’s tourism industry, offering one of the few glimmers of hope for recovery. Greeks have cut back on vacations, prompting a 20 percent drop in domestic tourism. But the number of foreign visitors to its sun-drenched islands and ancient monuments is set to reach a record of 16.5 million this year. That is up 12 percent from 2010, according to the Association of Greek Tourism Enterprises. Sorely needed revenue is expected to increase by the same rate, netting 11 billion euros ($15 billion). In places like the Cretan port of Rethymno, the debt crisis seemed a distant concept at times. During a recent visit, restaurants were full all along the coastal promenade. “Our foreign customers have always been ...
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Productivity Hacks: DaVinci’s Mind Mapping

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http://www.linkedin.com/today/post/article/20140121122453-271580474-productivity-hacks-davinci-s-mind-mapping?trk=object-title This post is part of a series in which LinkedIn Influencers share their secrets to being more productive.  See all their #productivityhacks here. Trying to get smarter, I once read a  book  on Leonardo DaVinci that promised to help you find your inner genius. The book was interesting and insightful, but I still cannot paint or draw and I never discovered a dormant talent for invention. I did, however, discover a technique called “mind mapping” derived from DaVinci’s approach to note taking. It revolutionized my approach to organizing ideas and managing complex tasks. Leonardo is immortalized in his famous notebooks. He took notes, sketched inventions like the helicopter and drew beautiful images of the human body. He loved nature and was both intensely curious and exceptionally observant. He memorialized all he saw and all he thought. ...
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