Michigan won against Pen State 17-10! The game ended a few minutes ago and that makes Michigan undefeated after 7 games!
In the top 5, all teams came on top of the opponent except #2 Florida. So, I’d suspect that Michigan currently #4 to move up one spot, closer to #1 OSU. This will make The Game all the more interesting!
p/s – did I mention that Ajax won 3-2 against Groningen while both PSV and Feyenoord lost?
The win keeps Ajax at the top of the Eredivisie with 18 points,
Yup:
ANN ARBOR, Mich. (AP) — University of Michigan police have arrested a 23-year-old man they say stalked and sent threatening e-mails to football coach Lloyd Carr.
Tobi Akinmusuru, of Ann Arbor, was arrested Tuesday, the same day Carr and other coaching staff members received threatening, harassing and obscene e-mail, campus police said.
Joe Paterno must be very desperate, hiring people like that.
Bring on the Lions!
Just hours after I wrote about this year’s Prize in Economics, here comes the 2006 Nobel Peace Prize winners.
The Prize is awarded jointly to Muhammad Yunus — the founder of Grameen Bank and the inventor of micro-credit — and Grameen Bank win the Nobel Peace Prize!
Excellent choice!
Last year, it was a tribute to physics. This year, it’s economics.
As a blog that pretends to know economics, it’s embarrassing for me to not to blog about Edmund Phelps when he was awarded with the Prize in Economics earlier this week. Almost all blogs that love economics are celebrating his achievement. So, today, I want to celebrate his achievement too.
In modern macroeconomics, students learn that there is a trade off between inflation and unemployment. If inflation goes up, unemployment goes down and vice versa. Those who are familiar with economics will know that this refers to the Phillips curve.
The problem with the Phillips curve is that in macroeconomics, in the long run, nominal factor does not affect real factor. Inflation is a nominal factor and so, in the long run, inflation does not affect the real economy. Despite that, the original Phillips curve says that inflation affects real component of the economy.
Phelps added inter-temporal dimension into the Phillips curve. In essence, his research suggests that current expectation of future inflation affects future Phillips curve. This is the expectation-augmented Phillips curve and with that, he solved the nominal-real problem. In simple terms, the Phillips curve could move around.
The new Phillips curve is dynamic and it shows that there’s no trade off between inflation and unemployment in the long run. The new model also able to explain the stagflations of the 1970s and the low unemployment and inflation rates during the 1990s. The old static Phillips curve can’t explain those two historical events.
I learned that in class and he won the Prize in Economics for it. Last year, the winners contributed to the advancement of game theory. And yup, I learned about that in class too.
p/s – economists for full-cost accounting. Yup, among them are Greenspan and Mankiw. Mankiw call this group of economists as the Pigou Club.
Something has been bugging me for the past few weeks.
In Islam, Iblis is the devil; Satan himself. Iblis was an angel before he disobeyed God. But, angels have no freewill. Therefore, if Iblis was an angel and an angel does not have freewill, how was it possible for Iblis to disobey God in the first place?