Aug 24 - Friday Highlights

Interesting Links

Paul Volcker and the Great Inflation Episode of the 1970s and Early 1980s (Three-Part Series)

http://www.bloomberg.com/news/2012-08-20/how-volcker-launched-his-attack-on-inflation.html

http://www.bloomberg.com/news/2012-08-21/how-volcker-created-a-gold-standard-without-gold.html

http://www.bloomberg.com/news/2012-08-22/volcker-restored-fed-s-credibility-on-inflation.html

Assessing College Readiness - ACT has some interesting data on the preparedness of high school grads for college work: http://media.act.org/documents/CCCR12-NationalReadinessRpt.pdf

The gist of the ACT report is that not many high school graduates are prepared for college-level courses involving math and science.

THE TRACK-STAR ECONOMY by JAMES SUROWIECKI

http://www.newyorker.com/talk/financial/2012/08/27/120827ta_talk_surowiecki

Wall Street Gets Its Way Again

http://www.bloomberg.com/news/2012-08-23/a-case-study-in-wall-street-getting-its-way-in-washington.html

Origin of Indo-European Languages
http://www.nytimes.com/interactive/2012/08/24/science/0824-origins.html

Theodore Dalrymple on the Irrelevance of (British) Foreign Aid

http://www.telegraph.co.uk/news/worldnews/asia/india/9480279/India-is-heading-for-Mars-it-doesnt-need-British-aid-money-to-pay-the-bills.html