During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the 1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union, because it induced a costly restructuring of the manufacturing sector and a sudden, large increase in the cost of energy.
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Those who wish to keep the internet free and open had best dust off their legal arguments. One of America's most influential conservative judges, Richard Posner, has proposed a ban on linking to online content without permission. The idea, he said in a blog post last week, is to prevent aggregators and bloggers from linking to newspaper websites without paying:
Expanding copyright law to bar online access to copyrighted materials without the copyright holder's consent, or to bar linking to or paraphrasing copyrighted materials without the copyright holder's consent, might be necessary to keep free riding on content financed by online newspapers from so impairing the incentive to create costly news-gathering operations that news services like Reuters and the Associated Press would become the only professional, nongovernmental sources of news and opinion.
The article is actually pessimistic about stopping this sort of thing.
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If the same old decorative glass balls hanging from the Christmas tree (or Festivus pole) seem drab and lackluster, consider switching out your glass balls for meatballs. The Flying Spaghetti Monster tree ornament features a booglie eyed pasta monster that represents the faux Church of the Flying Spaghetti Monster, created in 2005 by an Oregon graduate student protesting the decision by the Kansas State Board of Education to require the teaching of intelligent design alongside biological evolution. Yay for politics on the tree! Look out for the Dick Cheney on a ribbon ornament!
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JANESVILLE — With three white sport utility vehicles immediately preceding it, the Chevy Tahoe snaked its way down the assembly line with a wave of workers and well-wishers in tow.
Fittingly dressed in black, the final production SUV reached the end of the line at the Janesville General Motors assembly plant at 7:07 this morning, leaving thousands of workers, retirees and—most likely—a local industry in its wake.
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After three decades of steady if unspectacular service, the spinning wheels of the home-entertainment stalwart are slowing to a halt at retail outlets. On a crisp Friday morning in October, the final truckload of VHS tapes rolled out of a Palm Harbor, Fla., warehouse run by Ryan J. Kugler, the last major supplier of the tapes.
"It's dead, this is it, this is the last Christmas, without a doubt," said Kugler, 34, a Burbank businessman. "I was the last one buying VHS and the last one selling it, and I'm done. Anything left in warehouse we'll just give away or throw away."
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