Events

Three-term U.S. Senator Bob Bennett (R-UT) has lost his party's nomination for a fourth term: Bennett becomes the first Utah senator to fail to get his party's nomination since Democrats tossed out Sen. William King in 1940 over King's opposition to the New Deal. When the results were announced, there was a huge ovation with shouts and yells of "He's gone! He's gone!" Delegates leapt to their feet, and embraced and waved "Do Not Tread On Me" flags. What a way to win the battle and lose the war. Bennett...

Before going to Shanghai, I picked up James Fallows's Postcards from Tomorrow Square, a collection of his essays from living there 2006-2009. (Yes, he lived in the building that houses the hotel where our CCMBA cohort stayed.) First, I'd like to call attention to page 76: The easier America makes it for talented foreigners to work and study there, the richer, more powerful, and more respected America will be. America's ability to absorb the world's talent is the crucial advantage no other culture can...

We all scratched our heads today as the Dow plunged almost 1,000 points in 15 minutes...then rebounded. Still no explanation: Traders and Washington policy makers struggled to keep up as the Dow Jones industrial average fell 1,000 points shortly after 2:30 p.m. and then mostly rebounded in a matter of minutes. For a moment, the sell-off seemed to overwhelm computer and human systems alike, and some traders began referring grimly to the day as “Black Thursday.” But in the end, Thursday was not as black...

Bruce Schneier gives three main reasons: One, terrorist attacks are harder to pull off than popular imagination -- and the movies -- lead everyone to believe. Two, there are far fewer terrorists than the political rhetoric of the past eight years leads everyone to believe. And three, random minor terrorist attacks don't serve Islamic terrorists' interests right now. ... So, to sum up: If you're just a loner wannabe who wants to go out with a bang, terrorism is easy. You're more likely to get caught if...

Via one of my classmates, an graphic depiction of the differences between Germany and China by graphic designer Yang Liu. For example, the evolution of transport over the last 40 years:

Apparently United danced with USAirways just to make Continental jealous. It worked: "What happened here is very simple," Continental President and Chief Executive Jeff Smisek told analysts and reporters on a Monday conference call. "I found out through the news media that Glenn [Tilton, CEO of United] was looking at a potential other combination. I recognized that United is the best possible partner for Continental...I didn't want him to marry the ugly girl. I wanted him to marry the pretty one, and...

Brilliant: If the TSA Were Running New York - All vans or SUVs headed into Midtown Manhattan would have to stop and have their contents inspected. If any vehicle seemed for any reason to have escaped inspection, Midtown in its entirety would be evacuated; - A whole new uniformed force -- the Times Square Security Administration, or TsSA - would be formed for this purpose; - The restrictions would never be lifted and the TsSA would have permanent life, because the political incentives here work only one...

For some reason, the Cultural Disconnect I just wrote for the Shanghai residency was the hardest. I don't know if that's good or bad. Full text follows: Cultural connect? I reviewed my ICE profile and the regional Cultural Dimensions the week before arriving in China. What interactions should I worry about? Where would the disconnections come from? China has high in-group collectivism, high power distance, and relatively low uncertainty avoidance, contra the U.S. My ICE profile spells out a hybrid...

United and Continental have officially voted to merge, which won't suck for Chicago: The new United's operations headquarters will be located in Chicago's Willis Tower, which was formerly known as the Sears Tower. United will move forward with plans to place its crucial nerve center and 2,800 staffers in the skyscraper starting in October. The combined airline would have revenues of $29 billion, based on 2009 results, and hold an unrestricted cash balance of about $7.4 billion. The carriers said in a...

By 2013, the EU will stop confiscating your lunch: Liquids, gels and aerosols will instead be run through a new generation of explosives scanners able to screen them for harmful materials. Getting these machines up and running will be very expensive, and the technology is not yet foolproof. But nothing in aviation security is foolproof, and anything is better than the chaotic confiscation policies now in place. Why are the Europeans always one step ahead of us? ... The 3-ounce container rule is silly...