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Cafe Hayek — where orders emerge

So far, the discussion – sparked by Michael Lewis’s Flash Boys – about the privately planned and financed construction of a tunnel in which a fiber cable is run from Chicago to New Jersey misses some important points. (I reach this assessment without having read everything that’s out there on the matter. It’s possible that I’ve missed some sterling blog posts or magazine essays on the matter.) The object of the tunnel’s builders is to shave a few milliseconds off of the time that it takes traders in New Jersey to get information on asset prices in Chicago. (Paul Krugman, unsurprisingly, uses this project as yet another opportunity for him to perform as the hero of Upper East Side populistas – a species of populists who, ignorant of basic economics, gripe about the alleged predations of successful business people while on their way, not to NASCAR races, but to Milan for a few nights of opera at La Scala. Cafe Hayek — where orders emerge
Watts Up With That?

Watts Up With That?

Frontiers fires back again on the hype surrounding Lewandowsky’s retracted Recursive Fury paper Readers may recall some ethics objections I raised in my complaint letter to UWA and Psychological Science, and also sent to Frontiers. It seems Frontiers agrees. This statement was posted on their website today: =========================================================== Rights of Human Subjects in Scientific Papers The retracted Recursive Fury paper has created quite a blogger and twitter storm.
Feds form grand jury to probe Chris Christie's role in Bridgegate... Afghans line up for blocks to vote for new leader... $1.5 MILLION Hotel Bill for Obama's One-Day Visit to Brussels... Holder defends using DOJ airplane for 27 personal trips... Maryland: 60,000 Obamacare Sign-Ups, 73,000 Lost Insurance... Fear of penalty reason for late surge in CA... DRUDGE REPORT 2011®

DRUDGE REPORT 2011®