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After finding former Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin not guilty of misleading investors, one juror revealed just how convincing the defense had been:
[Juror] Hong said that if she had money, she would invest it with Cioffi and Tannin.
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A Louisiana justice of the peace refused to marry an interracial couple. Trying to defend his actions, he then stated:
“I try to treat everyone equally.”
The mind boggles.
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Just received this gchat from MB:
i’m on a virgin america flight with wifi
And now I know exactly how Alexander Graham Bell felt when he called Mr. Watson in 1876.
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Michelle Obama is speaking at UC Merced’s commencement, and it is big news for the relatively low-profile school. But the best line from the NYT’s coverage is this, describing the setting of the graduation activities:
…the campus, which sits in a former cattle field surrounded by hay-laden farmland and cows of unknown political leanings.
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Few things bother me more than the use of random or one-off stories as evidence. Reasoning like that does absolutely nothing to sway me, and I’ll probably just mumble something about Taleb’s Fooled by Randomness. In a somewhat related post, Megan McArdle put it succinctly:
The plural of “anecdote” is not “data”.
Brilliant.
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Makes me angrier than anything yet (spotted over at AK):
“No offense to Middle America, but if someone went to Columbia or Wharton, [even if] their company is a fumbling, mismanaged bank, why should they all of a sudden be paid the same as the guy down the block who delivers restaurant supplies for Sysco out of a huge, shiny truck?” e-mails an irate Citigroup executive to a colleague.
Via NY Magazine.
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