Counterparties

By Felix Salmon
May 3, 2010
WSJ

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Is Shepard Fairey’s Legal Mural Illegal? — Animal NY

Well done to the NYT for publishing a big chart where time isn’t on the x-axis — NYT

Frustrated HAMP architect leaves Obama administration — Debtwire (PDF)

Rent vs buy chart of the day. In Manhattan, renting is clearly smart — Curbed

This will go down in history as the high point of Charlie Rose’s career — WSJ

Unemployment in Spain crosses 20% — WSJ

iPad + iPhones: perfect for poker, Scrabble, Risk, Battleship, card games in general — Wired

Comments
4 comments so far

Not loving the chart in the NYT. It’s visually interesting, but hard to read.

Given the same information, I’d present it with time on the x-axis, miles on the y-axis, and use color or size to show the price dimension.

For instance, have a look here

Posted by TWAndrews | Report as abusive

@TWAndrews – The problem is that the X axis in data analysis and presentation represents the independent variable, and the Y axis the dependent variable. Rarely is it useful to say that a meaningful measurement is dependent upon the advancement of time.

Posted by Curmudgeon | Report as abusive

The interesting fact in the data is that as time goes on, we drive more, regardless of fluctuations in the price of gas, which produce modest, very-temporary, dents in the ever-increasing number of miles driven per person.

In time-series analysis, it’s almost always the case that time is plotted on the x-axis, and it’s frequently useful to notice that the value of a measurement changes over time (concentrations of atmospheric CO2 come to mind).

Given the possible relationships in this data (price-miles, price-year, miles-year), the strongest one is by far-and-away the relationship between the year and the number of miles driven–R^2 is .98, and so it’s perfectly appropriate to think of miles as a function of the year.

Posted by TWAndrews | Report as abusive

“This will go down in history as the high point of Charlie Rose’s career”

Although Charlie Rose made a cute quip, it was taken out of context in the article to make Summers look bad and fuel more government and Obama hate.

It was made at about 50 minutes into the video and discussing regulation. Charlie wiggled like a giddy school kid, finger pointing and trying to cut in, even though he was moderating, and waited 4 minutes to make the quip.

As much as it is obvious a lot of people and bloggers don’t like Summers, there should at least be some research and balance and proper context to be a story.

(tch tch)

See the conversation here … red print, 4th video desciption down.

http://www.americanprogress.org/events/2 010/04/jobs.html

Posted by hsvkitty | Report as abusive
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