Hi guys!

Look at what I see on my desktop today! July 20, 18 degrees is quite a shame, yes, but look at the next couple of days. Seems impossible, but it must be that somebody up there is finally feeling pity for us...thanks, Peter.

Oh, by the way Saint Peter: Today I was watching the annual parade of the St. Peter's church here in London, very entertaining. And quite as kitschy as in that little Italian village from your favourite mafia movie. A colleague of mine was actually posing as Jesus Christ himself, on top of truck displaying some worshipping scene; another friend of mine was taking part as pretorian (a kind of guard from Jesus' times); there were all sorts of angels and virgins, all played by most devotional (looking) young girls, they as well on the roof of a truck.
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I am leaving for 10 days of vacation. Exams were horrible. Tell you more about it soon. Will get sun-burned first.flo.
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If you are interested in prose, find a lot of it (and other stories) in Pablo's blog. He is based in Buenos Aires. This link goes to one of my favourite stories:

pablejacioflo.

I bet you knew that (and thank heavens, I like it as well, which makes survival here much easier). Some clever people took notice of this fact and subsequently turned it into an amazing marketing strategy. Below you can see just one example I came across recently.

I can assure you that the salad you see on this picture doesn't taste AT ALL buttery. Buttery: "resembling or containing or spread with butter"; wordreference.com

Obviously it doesn't matter if the lettuce resembles butter or not.

Credit Crunch explained. Hillarious. Outstanding.

via: http://arielrubinstein.tau.ac.il/flo.

exams:

12/05: microeconometrics

15/05: economics & psychology

19/05: industrial organisation

21/05: microeconomics

23/05: econometrics

27/05: game theory

29/05: macroeconomics

And then I'll go on holiday. Some island in the sun. No money.flo.

Despite the apparent danger that this blog is slowly degrading into a "lonely island in the pacific"-blog, here is yet another story. I have to cite Russell Roberts on econtalk, where I first heard the following story, which I find quite interesting (I think I remember him mentioning it was on one of his exams while at U Chicago):

Here we are again, back on our decent island in the sun. It is completely isolated from the rest of the world. Imagine one day there arrives a visitor.

The fascist candidate Alemanno (what a coincidential name) has won the mayor's election in Rome. This picture shows some of his supporters celebrating. Make what you want of the way they salute, I for my part know what to think of it.

Italy's going down. What a pity.

(I would wish that I have to revise that post in a year or so and have to admit that it all turned out well. I am extremely pessimistic in this respect.)

flo.

have a look at this video from the economist's Kal.flo.

Policing a city is a costly issue. Full time officers have to be paid decently, firstly in order to attract enough recruits and secondly in order to forestall corruption. So, maintaining a working police force costs a lot of money. In London, you can sign up for a voluntary police unit, policing the city as a support officer ("special constable") for two 8-hour shifts a month. That's 16 hours of free policing-time per volunteer per month.
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