Now it’s true that the Fed’s policy of quantitative easing, leading to an expansion of its balance sheet from about $1 trillion before the financial crisis to more than $3 trillion (and growing), does present the risk of future inflation if and when the velocity of money reverts to its mean and increases. However, the Fed is well aware of that risk (economists remind them of that daily) and is thus likely to take action to unwind the policy when they believe it’s appropriate. It’s also important to understand that the Fed doesn’t have to actually sell bonds to contract its balance sheet.
Wrath of the TitansIt’s a box office battle of mythic proportions this weekend as remixed fables and fairy tales go head to head. In one corner, Mirror Mirror, a snarky retelling of the Snow White fairy tale. In the other, Wrath of the Titans, the sequel to the widely panned remake from 2010.
Viewers have also noticed a dramatic difference in how fighters approach the sport. Instead of aggressive fights and flurries of kicks that were staples of taekwondo just a decade ago, taekwondo matches have become more defensive, with each person using their legs to protect the sensors that can go off with the slightest tap. When I attended sparring class from elementary to high school, I was taught that points only count if the kick stops the momentum of your opponent, or clearly hits their pad..
SubscriptionsGo to the Subscriptions Centre to manage your:My ProfileThe Academy Awards gala is a strange annual tradition. What started out as a non televised, 15 minute long industry event has become Hollywood’s biggest night, aka an overly long back slapping fest packed to the rafters with stars who look dazzling, but often disappoint when they open their mouths.It’s also a bizarre vacuum where smart, funny comedians enlisted as hosts can tank disastrously with material that’s in the same vein as the jokes they normally crack.Oscar organizers retreated to the tried and true this year, bringing in the reliable Billy Crystal to host after the unexpected exit of original host choice Eddie Murphy. The event needed a little stability, I guess, after 2011’s hot and cold edition, emceed by the overeager Anne Hathaway and the ultra low key James Franco.And stable it was.
I understand that it is all relative and public funding for transportation is not the same. But in all fairness, Boston has a objectively terrible subway system and people should complain about it (although I concede that complaining on Reddit is just a form of catharsis and will have no effect on policy and funding). The fact that its better than some shithole in North Dakota should not make anyone feel better..