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<channel>
	<title>the rational post &#187; in other words</title>
	<atom:link href="http://www.freedom24.org/rationalpost/category/other/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.freedom24.org/rationalpost</link>
	<description>a collection of essays and articles on the science of everyday life</description>
	<lastBuildDate>Tue, 10 Jan 2012 03:19:04 +0000</lastBuildDate>
	<language>en</language>
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		<item>
		<title>the foreclosure mess</title>
		<link>http://www.freedom24.org/rationalpost/2010/10/16/the-foreclosure-mess/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/10/16/the-foreclosure-mess/#comments</comments>
		<pubDate>Sat, 16 Oct 2010 15:58:54 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[speculation]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2382</guid>
		<description><![CDATA[A timely and frightening exploration of the causes and consequences of the emerging foreclosure mess. This close cousin of the earlier sub-prime mortgage debacle provides even more evidence of the financial industry&#8217;s hubris and inescapable self-interest. 
As the saying goes: garbage in, garbage out&#8230;
The Foreclosure Mess
October 15, 2010, Cumberland Advisors (www.cumber.com)
Dear Readers, this text came to me in an email from sources that are in the financial services business and with whom I have a personal relationship.  The original text was laced with expletives and I would not use it in the form I received it.  Therefore the text below has had some substantial editing in order to remove that language.  The intentions of the writer are undisturbed. ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/10/16/the-foreclosure-mess/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>failure by design</title>
		<link>http://www.freedom24.org/rationalpost/2010/04/22/failure-by-design/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/04/22/failure-by-design/#comments</comments>
		<pubDate>Fri, 23 Apr 2010 03:22:42 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[behavioral]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[failure]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[synchronicity]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2131</guid>
		<description><![CDATA[Churchill argued that democracy is the worst form of government, except for all the others. With capitalism now falling under similar fire, modern politicians, businesspeople and academics are once again questioning both the failures of free markets and the failures of government. As pundits gather on either side of the debate &#8212; casting blame and contempt across the regulatory divide &#8212; one often overlooked explanation for all the recent chaos is the time-honored tendency for human society to self-destruct. Behavioral economists and psychologists are having a field day watching our worst decision-making biases play themselves out in political and capital markets. But few in the legislative capitals of the world have taken notice. Perhaps setting rules that expose our most primitive and predictable ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/04/22/failure-by-design/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>turning a new leaf?</title>
		<link>http://www.freedom24.org/rationalpost/2010/04/07/turning-a-new-leaf/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/04/07/turning-a-new-leaf/#comments</comments>
		<pubDate>Wed, 07 Apr 2010 20:56:52 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[bubble]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[greenspan]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[regulation]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2068</guid>
		<description><![CDATA[Mr. Dollar testified before the Financial Crisis Inquiry Commission today about the challenges of a self-regulating market and the dangers that lie ahead. While his belief in free market capitalism remains unshaken, Greenspan&#8217;s warnings about the key attributes that should underpin a stable banking system &#8212; adequate capitalization, liquidity, and regulatory oversight &#8212; cast a surprising shot across the bow of modern banking giants who have grown a little too comfortable with their bailout blanket and artificially low interest rates. 
Whether the economy tips back into chaos or not remains to be seen, but the rare regulatory prudence recommended in the Maestro&#8217;s testimony is a welcome conservative voice in the growing chorus to reign in banking titans who seem unwilling ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/04/07/turning-a-new-leaf/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>complexity and collapse</title>
		<link>http://www.freedom24.org/rationalpost/2010/03/31/complexity-and-collapse/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/03/31/complexity-and-collapse/#comments</comments>
		<pubDate>Thu, 01 Apr 2010 00:29:56 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[complexity]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[empire]]></category>
		<category><![CDATA[financial system]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[sustainability]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2066</guid>
		<description><![CDATA[From daily solar cycles to quarterly seasonal changes to the 130,000-year lapse between Ice Ages, our world is filled with natural ebbs and flows. Those that try to forecast the future by studying these longer sweeping patterns are often accused of being out of touch, relying on the distant past for established wisdom rather than embracing contemporary optimism that &#8220;this time is different&#8220;. In this essay in Foreign Affairs, Niall Ferguson reminds us that America is just as vulnerable to collapse as the many great civilizations that preceded it &#8212; maybe even more so given the increasing complexity of our modern global economy&#8230;

Complexity and Collapse
Empires on the Edge of Chaos
by Niall Ferguson in the March/April 2010 Issue of Foreign Affairs ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/03/31/complexity-and-collapse/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>market makers</title>
		<link>http://www.freedom24.org/rationalpost/2010/03/25/market-makers/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/03/25/market-makers/#comments</comments>
		<pubDate>Fri, 26 Mar 2010 00:38:26 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[capital markets]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[primer]]></category>
		<category><![CDATA[speculation]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2040</guid>
		<description><![CDATA[As ideological battles are waged over the benefits of free markets, the challenges of financial regulation, the inefficiency of policymaking, and the design of a sustainable path forward, pundits often attack one another without a fundamental understanding of the mechanics of our modern financial system. This primer helps to explain the unique roles that banks and capital markets play in the efficient (and sometimes painfully inefficient) functioning of of modern society. While it won&#8217;t settle any debates, it certainly reminds us how little we may know about the way the economy works&#8230;


Did the Capital Markets Fail Us?
By Karen Johnson &#124; Thursday, March 25, 2010
Amid the debate about excessive bonuses and inadequate risk management, it is useful to ask why the faith ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/03/25/market-makers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>the spanish prisoner</title>
		<link>http://www.freedom24.org/rationalpost/2010/02/11/the-spanish-prisoner/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/02/11/the-spanish-prisoner/#comments</comments>
		<pubDate>Thu, 11 Feb 2010 06:03:49 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2018</guid>
		<description><![CDATA[&#8220;Zapatero is not a good driver. It&#8217;s like a boat, which in calm waters steers fine, but when it gets bumpy, they are not prepared.&#8221; The same could be said for many of the world&#8217;s C-level leaders, so it&#8217;s perhaps not surprising that both companies and countries are finding out the hard way that credit can dry up when the sea gets choppy&#8230;
Not a bull in sight as the bears go after Spain
From the nosebleed seats of the E.U., government cries out &#8216;We are not Greece&#8217;
By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) &#8212; Eduardo Fernandez Agudo is old enough to have lived through other economic crisis in Spain, but the current one has him worried enough.
&#8220;We are in a very difficult time. For ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/02/11/the-spanish-prisoner/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>if piigs could fly</title>
		<link>http://www.freedom24.org/rationalpost/2010/02/07/if-piigs-could-fly/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/02/07/if-piigs-could-fly/#comments</comments>
		<pubDate>Sun, 07 Feb 2010 15:55:23 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[capital markets]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[piigs]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[recovery]]></category>
		<category><![CDATA[treasury]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2000</guid>
		<description><![CDATA[The markets whipsawed in volatile trading last week as war was waged over key technical levels in the Dow (10,000) and S&#38;P (1050). The backdrop was bitter sweet: trouble among the perennial sick men of Europe (Portugal, Italy, Ireland, Greece and Spain) on the one hand, and upbeat earnings in Corporate America on the other. With all the uncertainty over the short-term trajectory of the economy, it would be tough to fault political leaders for at least preaching that the glass is still half full. That said, it&#8217;s almost criminal for the Secretary of the Treasury to tell the American people &#8212; on their holiest of sporting days &#8212; that America&#8217;s economy was frothing at the end of last year, ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/02/07/if-piigs-could-fly/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>one island, two worlds</title>
		<link>http://www.freedom24.org/rationalpost/2010/02/02/one-island-two-worlds/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/02/02/one-island-two-worlds/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 22:02:16 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[empires]]></category>
		<category><![CDATA[geography]]></category>
		<category><![CDATA[haiti]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[recovery]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1947</guid>
		<description><![CDATA[It isn&#8217;t surprising that so-called &#8220;ambulance economics&#8221; has gained mass policy appeal as the global economy descends into madness. The battlefield, after all,  is no place for quiet research and careful study.  But even the most pressing humanitarian disasters could use a little &#8220;clinical economics&#8221; to help decision-makers better chart out the way forward. Recent poverty relief efforts in Haiti, for instance, should certainly focus first on the bare essentials of sustenance, sanitation, and security. Once politicians and development professionals are able to stop the bleeding, however, the really critical work actually begins in terms of supporting the long-term prosperity of the country. In that spirit, any path forward should take into consideration the unique historical, geographic, cultural, and ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/02/02/one-island-two-worlds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>volcker rules</title>
		<link>http://www.freedom24.org/rationalpost/2010/02/02/volcker-rule-sustainable-reform/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/02/02/volcker-rule-sustainable-reform/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 12:20:15 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bubble]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[volcker]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1956</guid>
		<description><![CDATA[A perennial hot ticket on the lecture circuit at economic clubs and grad schools around the planet, Paul Volcker&#8216;s influence is finally starting to resonate where it counts: at both ends of Pennsylvania Avenue. As his testimony in front of the Senate Banking Committee looms, the broader premise of a more responsible financial services sector pursuing sustainable, profitable growth needs to get out in clear journalistic prose from a messenger untarnished by the last 18 months of political and economic triage. This Sunday NYTimes op-ed attempts to do just that, despite the complexity of the topic. Unfortunately, it falls a little short for those either too stubborn or greedy to listen or too impatient to digest his astute commentary on ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/02/02/volcker-rule-sustainable-reform/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>christianity and the crash</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/25/christianity-crash-financial-crisis/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/25/christianity-crash-financial-crisis/#comments</comments>
		<pubDate>Fri, 25 Dec 2009 16:25:54 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[behavioral]]></category>
		<category><![CDATA[bubble]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[psychology]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[religion]]></category>
		<category><![CDATA[speculation]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1717</guid>
		<description><![CDATA[&#8220;America’s mainstream religious denominations used to teach the faithful that they would be rewarded in the afterlife. But over the past generation, a different strain of Christian faith has proliferated—one that promises to make believers rich in the here and now. Known as the prosperity gospel, and claiming tens of millions of adherents, it fosters risk-taking and intense material optimism. It pumped air into the housing bubble. And one year into the worst downturn since the Depression, it’s still going strong.&#8221;
Did Christianity Cause the Crash?
by Hanna Rosin in The Atlantic Monthly

IMAGE CREDIT: MARK PETERSON/REDUX
LIKE THE AMBITIONS of many immigrants who attend services there, Casa del Padre’s success can be measured by upgrades in real estate. The mostly Latino church, in Charlottesville, Virginia, ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/12/25/christianity-crash-financial-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>calculated terror</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/22/calculated-terror/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/22/calculated-terror/#comments</comments>
		<pubDate>Tue, 22 Dec 2009 04:27:01 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[in other words]]></category>
		<category><![CDATA[science & tech]]></category>
		<category><![CDATA[the middle east]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[middle east]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[technology]]></category>
		<category><![CDATA[war]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1865</guid>
		<description><![CDATA[In the 400+ years since the birth of modern statistics, data has been collected on everything from life expectancy and planetary motion to little league batting averages and micro-loans in rural Bangladesh. As technology catches up with the world&#8217;s desire to better predict the future and understand the past, applications have expanded to include dynamic models of the global economy and more recently the probability of a terrorist attack. The danger with relying on this methodology, of course, is that the same statistical biases that contributed to the recent financial chaos may cause more harm in the real world than they ever did on Wall Street&#8230;
Calculated Terror
How a computer model predicts the future in some of the world&#8217;s most volatile ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/12/22/calculated-terror/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>trouble on the homefront?</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/18/household-finances-governor-carney/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/18/household-finances-governor-carney/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 12:31:13 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[behavior]]></category>
		<category><![CDATA[behavioral]]></category>
		<category><![CDATA[canada]]></category>
		<category><![CDATA[consumption]]></category>
		<category><![CDATA[fin]]></category>
		<category><![CDATA[households]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[real esate]]></category>
		<category><![CDATA[saving]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1861</guid>
		<description><![CDATA[As rare proof that not all ex-Goldman bankers are great vampire squids wrapped around the face of humanity, Bank of Canada Governor Mark Carney turns his gaze toward households as the holidays approach with some keen macro observations and their implications for micro decision-making. Though the central bank recently raised flags about Canadian household finances and talk of a real estate bubble has begun to resurface, this public address seems measured both in its observations and its conclusions, and reflects well on the current poster child of responsible 21st century monetary governance&#8230; 
Remarks by Mark Carney, Governor of the Bank of Canada
at The National Forum (Canadian Club of Toronto and Empire Club of Canada)
16 December 2009
Download the entire document in ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/12/18/household-finances-governor-carney/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>bunning ♥ bernanke</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 01:52:21 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bernanke]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[policy]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1776</guid>
		<description><![CDATA[For all its flaws, one of the great strengths of the American political system is the degree to which competing perspectives fight to the death in Washington&#8217;s marketplace of ideas. A perfect example is the recent exchange between Senate Banking Committee member (and Baseball Hall of Famer) Jim Bunning and his monetary nemesis Fed Chairman Bernanke on the eve of a controversial re-nomination&#8230;

Bunning Statement On The Re-Nomination Of Ben Bernanke To Be Chairman Of The Federal Reserve
Senate Banking Committee on Thursday, December 3, 2009
Four years ago when you came before the Senate for confirmation to be Chairman of the Federal Reserve, I was the only Senator to vote against you.  In fact, I was the only Senator to even raise serious ...]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>war games</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/16/war-games/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/16/war-games/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 03:35:35 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[world affairs]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1796</guid>
		<description><![CDATA[Scores of advanced military technologies – from radio to the Internet to GPS – have successfully made the leap from combat central to electronics expo since the dawn of the industrial military complex. As game consoles grow ever more powerful and programmers continue to push the envelope of simulated reality, consumer electronics are returning the favor. At a fraction of the cost of custom hardware designed by established global defense contractors, networked PS3s and the benefit of retail economies of scale are being used for everything from high-tech imaging systems to simulating the behavior of nuclear weapons, blurring the line yet again between war and peace&#8230;

War games
 Dec 10th 2009 From The Economist print edition
Consumer products and video-gaming technology are boosting the ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>financial crisis for beginners</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/15/financial-crisis-for-beginners/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/15/financial-crisis-for-beginners/#comments</comments>
		<pubDate>Tue, 15 Dec 2009 07:03:47 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[CDS]]></category>
		<category><![CDATA[federal reserve]]></category>
		<category><![CDATA[japan]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[primer]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1712</guid>
		<description><![CDATA[Commentators often question how recent events in global capital markets could possibly sneak up on the world&#8217;s leading economists and policymakers. One possible explanation begins with the premise that the average citizen is reasonably unaware of even the most basic financial and economic concepts – like fractional reserve banking and the time value of money. As a result, generations of otherwise sophisticated individuals have grown up trusting that our economic plumbing and the individuals who manage it are fundamentally sound.

From the sophisticated supply chain that furnishes your morning cup of Ethiopian dark roast to the number of travel miles it takes to fly home for the holidays, the financial system reaches seamlessly into virtually every part of our life. It ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
	</channel>
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