Saturday, July 24, 2010


In the unexpected beginnings category: Google to start up Iowa wind farm; NIH to do drug development for rare diseases themselves.

Considering the country hasn’t figured out who’s in charge months after its election, it’s perhaps not a surprise that Iraq can’t figure out who’s in charge of its soccer federation. Like the country as a whole, you have the typical Kurdish-Sunni axis (the incumbent) versus the apparently Sadrist Shi’ite. And that’s Iraqi politics in a nutshell.

A very good review of Tyler Cowen’s Create Your Own Economy.

Scary facts about Chinese real estate:
An economist from the Chinese Academy of Social Sciences, using data from electricity meter readings, estimates that there are 64.5 million apartments and houses lying purchased but vacant in urban China.
Oh, there’s more (if you click the link).

Rahm Emanuel promises better relations with bidness in this interview; the most interesting section therein was:
Top administration aides also met this week to discuss possible new measures to spur sluggish job growth. One idea: a new "infrastructure rebuilding bill" to generate more construction activity.

More proof of the innovation shortfall in drug development—French pharma company is circling Genzyme:
Sanofi has reached out to other biotech companies and has been searching for U.S. acquisitions to drive growth, like many pharmaceutical giants whose top-selling branded drugs are coming off-patent, people familiar with the matter said. But it has recently set its sights on Genzyme above other possible targets, these people said

Apparently the Obama administration is blaming environmentalists for their failure in passing the climate change bill. Yes, this makes as little sense as you think it does.

Chocfinger! British financier corners the cocoa market.

Edujobs is dead: I’ve always felt the best way to deal with a recession and set the country up for a bountiful future is to fire as many teachers as possible.

The Roman Catholic Church in Italy is helping out Italian Muslim immigrants.

This Foreign Affairs consideration of Shi’ite theology and its relationship to democracy is really very good.

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