Economics: The ivory fortress: ONE of the more interesting responses to this week's Reinhart-Rogoff debate was this, from the economics blog Cheap Talk. "I Move That The AEA Stop Publishing Papers and Proceedings", the post title reads. Then:
Non-peer reviewed, inaccessible data, and punditry that can’t tell the difference between P&P and a regular AER article can’t be good for the reputation of the journal, the AEA, or the profession.
SEATTLE — Detectives have recovered more than 2,500 bottles of fancy wine stolen from a Seattle shop, police said Wednesday, and they’re examining whether the Thanksgiving heist might be related to a similar break-in at a San Francisco wine seller earlier this year.
Talk about liquid assets.
Goldman Sachs Group Inc. accepted almost 15,000 bottles of fine wine as loan collateral from a former high-ranking executive, according to a regulatory filing last month. Andrew Cader, a former senior director at Goldman Sachs’s specialist-trading unit, pledged a secured interest in the wines, which are primarily from the Burgundy and Bordeaux regions of France, the filing showed.
The government is selling off its vintage French wine collection for £5,000 a bottle in a bid to offset the costs of its expensive wine cellar. The government wine cellar, located in the basement of Lancaster House near Buckingham Palace, is used to provide wine for visiting dignitaries at 200 or more events a year.