Many people have said to me in the past month, “I’m going to buy a home.” Or, “What do you think of the idea of me buying a home?” I like the second batch of people. They are my friends and it seems like they are sincerely asking for my advice. And I’m going to give it to them. Whether they meant it or not.
Source: Why I’d Rather Shoot Myself in the Head than Ever Own a Home Again – Freakonomics Freakonomics
Original: Why I Am Never Going to Own a Home Again – Altucher Confidential
Only a fool ultimately stays a renter, because they are bypassing the very thing that defines western society and law. Real property ownership.
The new science of interrogation is not, in fact, so new at all: “extraordinary rendition” and “enhanced interrogation” and “waterboarding” all spring directly from the practices of the medieval Roman Catholic Church. The distance, in both technique and ideology, between the Inquisition’s interrogation regime and 21st-century America’s is uncomfortably short—and provides a chilling harbinger of what can happen when moral certainty gets yoked to the machinery of torture.
The Bush Administration’s threshold for where an act of torture begins was the point at which the Inquisition stipulated that it must stop.
Source: Torturer’s Apprentice – The Atlantic
VIA Matt Yglesias, an interesting discussion on the value of gold by the world’s most famous value investor: Today the world’s gold stock is about 170,000 metric tons.
Source: Quips: The wisdom of Warren Buffett | The Economist
An alarming view of prospective young employees comes from the Defense Department, which has found that 75% of Americans aged 17 to 24 are not qualified to serve in the armed forces.
If America wants its economy to be as good as its armed forces, then the same requirements apply to young people looking for private-sector jobs. And the Pentagon is telling us that some 26 million young adults don’t meet the requirements.
Source: The unemployment facts we’d rather not face – Fortune