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Jamie Galbraith explains that govt debt and deficits are a good thing, not a bad thing — Wapo
Lean hogs in gold: the only financial indicator that matters — TBI
My first official Reuters wine column — Reuters
Philips Unveils World’s First LED Replacement for Most Common Bulb — Inhabitat
As the Tories take over from Labour, the UK gets a bit more aggressive on financial reform — FT
Carney to CNBC — NBCU
Joey Kincer might have a net worth of $200k. But he’s still a 32-year-old who lives with his parents — NYT
Amendment banning mortgage steering payments passes 63-36 — Senate
I review new books from Richard Florida and Matt Ridley — BN Review
John Taylor says that a Greek restructuring is “inevitable”, says ECB has lost credibility — CNBC
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Running fiscal deficits and increasing debt at moderate levels maybe all right but at higher levels it will create problems like Greece.
Reinhard and Rogoff stand proof of the fact that greater than 90% debt has usually led to defaults in the 300 year world history
Argentine wines used to have their own unique character when the winemakers were aging them in huge Raule barrels. The wines were mostly awful, but they were uniquely Argentinian!
Notice the big heat sink on the LED bulb. My free advice: don’t put it into a socket that doesn’t have pretty good air circulation around it.
I’m not sure about expressing terroir but you should try the Caves de Weinert wines. They are mellow and a bit old-fashioned rather like classic Riojas such as Lopez de Heredia or La Rioja Alta. So different from the over-extracted premium monsters that I have tried from Argentina.
They cheaper too, inn the UK they’re normally under £10 a bottle.
Yes, all light sockets should have sufficient air circulation, but as the first law of thermodynamic states, energy is “conserved,” i.e., neither created or destroyed. A bulb which is more efficient than an incandescent will produce corresponding less heat.
It’s kind of weird that the Philips article states “the world’s first replacement for the commonly used 60 watt incandescent.” I’ve been using the fluorescent bulbs for years.
Yes, an LED bulb produces less heat than an incandescent bulb– the problem is the direction of the heat flow. The heat from an incandescent bulb flows out the front, in the same direction as the light. Unfortunately, the heat from an LED bulb comes out from the sides and the rear– and existing light bulb sockets are not generally built to accommodate that sort of heat flow. Maybe Phillips has solved this problem, but we shall see.
So, about that; if I have electric heat, is there such a thing as an inefficient lightbulb in the winter? Is any electricity I save in the light bulb necessarily going to be used by the heating system? If I use gas or oil heat, which is less efficient? It seems to me the loss of exhaust in that case is going to make the use of incandescent bulbs better, from an overall efficiency standpoint.
Hey Felix, nice work on the wine column, I like the narrative style. I’m interested in the Cortez wine, I like to buy local but have come to expect CO wine to be overpriced and over-hyped (I’m in CO), do you have an idea where Sutcliffe is distributed?
dWj, you should install a heat pump. For more on why waste heat is an inefficient way to warm your house see page 71 of David MacKay’s Sustainable energy without the hot air.