Summary: Today we have a potpourri of articles — insights, information, and folly — for your weekend reading pleasure (with the two best below the fold). Yes, this went up a day early. The comment box is open. Ask questions and express your views. Please be polite and brief.
(1) Everybody loves real estate! See the fascinating tables and graphs in the 2012 Demographia International Housing Affordability Survey. Australia looks like a bubble ready to pop. Out-migration has produced very inexpensive housing in some US cities. Too bad they have little (or no) job growth. An Florida urban housing affordability still has not returned to levels of 2000.
(2) Propaganda deconstructed: “Tax Foundation – up to its usual nonsense“, Linda Beale, Angry Bear, 6 May 2012 — Marketing the bogus “tax freedom day”
(3) An important insight from research, to remember every day: “Don’t Like the Message? Maybe It’s the Messenger“, Justin Fox, Harvard Business Review, 4 May 2012
(4) This is what the approach of peak oil look like: “Marginal oil production costs are heading towards $100/barrel“, Financial Times, 2 May 2012 — A steady rise in exploration and development costs.
(6) An interesting report about an important subject “A Dozen Economic Facts About Innovation“, Michael Greenstone and Adam Looney, Brookings Institute, August 2011
(7) The ominous opening sentences to Limits to Growth – the thirty-year update by Donella Meadows, Jorgen, and Dennis Meadows: