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November 02, 2010

Overnight Open Thread - Election Night Version

If things get too crazy, consider this thread a rallying point.

You like pudding? Then How Bout Some Giga Pudding?

Warning: the song is addictive. And yes you can actually buy some Giga Pudding here.


Terminators Really Don't Like Waiting

College Students Don't Know Crap About Economics
Yet they're convinced they should be running things:

Bill Goffe recently (2009) surveyed one of his macro principles classes and found, for example, that the median student believes that 35% of workers earn the minimum wage and a substantial fraction think that a majority of workers earn the minimum wage (Actual rate in 2007:2.3% of hourly-paid workers and a smaller share of all workers earn the minimum wage, rates are probably somewhat higher today since the min. wage has risen and wages have not).

When asked about profits as a percentage of sales the median student guessed 30% (actual rate, closer to 4%).

When asked about the inflation rate over the last year (survey was in 2009) the median student guessed 11%. Actual rate: much closer to 0%. Note, how important such misconceptions could be to policy.

When asked by how much has income per person in the United States changed since 1950 (after adjusting for inflation) the median student said an increase of 25%. Actual rate an increase of about 248%, thus the median student was off by a factor of 10.

A Short Interview With John Milius
And he explains where the name Apocalypse Now came from:

Basically, Milius hated hippies, so he took their common button or jacket patch, a peace sign that said “Nirvana Now”, and added a few lines so that it looked like a B-52 and said “Apocalypse Now.” I don’t know about you, but seeing a dude who looks so much like Walter Sobchak from Big Lebowski talk about hating hippies kind of gives me a hard on.

How To Grill A Pizza
The grill is your tool. Use it.

630px-Pizza10.jpg

The Farting Iguana
You were expecting something else?

The Yahoo AoSHQ group. You know the way.

Tonight's post brought to you by Красный рассвет:

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Notice: Posted by permission of AceCorp LLC. Please e-mail overnight open thread tips to maetenloch at gmail. Otherwise send tips to Ace.

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