Just a few quick things today:
- The temperature hit 13°C today, not a record but definitely a pleasant day in December. In Chicago. Because, of course, there are parts of the world where that temperature on any day of the year would cause alarm.
- Matthew Yglesias thinks mutual funds are stupid. I'm linking because of his two clear charts. His recommendations: index funds. (But...is any of this news?)
- The local pizza place around the corner folded last week. This was Parker's favorite summer hangout. We'll miss it.
- Comcast and AT&T are fighting public broadband in areas that don't have it. Common sense suggests that the government subsidy would ultimately go to them, but their first reaction is that of any monopolist. As Duke University economist Leslie Marx put it only yesterday, "remember that everywhere a firm looks, it is obligated to look for profits, and I would challenge anyone to show me an industry where the suppression of rivalry is not profitable."
More later. Possibly a Parker photo, too.