Word: herds
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...Stanley economist Andy Xie, who has warned repeatedly?to the great misfortune of those who've heeded him?about an ominous oversupply of apartments and the government's halfhearted efforts to rein in speculation. For me, there's a particular terror of repeating my New York mistake: joining the herd moments before it runs off the cliff. But with Chinese incomes surging and well-paid expats flocking to Shanghai, I have little doubt that luxury apartments in prime locations are a great bet if you hold on to them long enough. As Faber says, "You may overpay on a short...
Proponents of ANWR drilling have been improperly minimizing the effects of oil development for years. They like to cite the growth of the caribou herd at Prudhoe Bay—a Northern Alaska drilling site that has been open for business since 1977—where caribou wander daily through industrial sites. But they ignore evidence that total herd growth is sustained by the females whose fecundity is least affected by industrialization. For the shrinking ANWR caribou herds, the impact of drilling on fertility could sound a death knell. Drilling proponents like to point to the small physical footprint...
...Republican majority has now located the limits of the possible, and it has been guided to that ledge by the creative intransigence of Senate Democratic leader Harry Reid, whose control over his donkeys has been as striking as G.O.P. Senate leader Bill Frist's failure to herd his elephants. Reid has been clever and very, very tough. His opening bid was opposition to President Bush's Social Security semiprivatization plan, which proved a congenial place for Democrats to congregate. Social Security reform now appears to be moribund. The Democrats hung together on the budget last week, luring moderate Republicans...
...second attempt, now comatose, was the National Intelligence Reform Act--the brisk congressional response to last summer's findings of the 9/11 commission. The bill would have created a National Intelligence director to ride herd over the CIA, NSA, parts of the FBI and assorted other intel agencies. The czar would have had budgetary authority and also the power to "design" and "implement" the unified computer network. But two House Republican committee chairmen decided to croak the bill on the weekend before Thanksgiving--in large part because the reform was opposed by the Pentagon, which controls 80% of the intelligence...
...course, this ignorance is not entirely our fault. Some of the blame rests on the official policy of the U.S. government, which suppresses the Iraqi casualty count. In an honest revelation of priorities, the U.S. government does, through the National Agricultural Statistics Service, keep meticulous data on the herd sizes and deaths of hogs, pigs, cattle, poultry, sheep, and ewes. A simple search of the Department of Agriculture can find you the number of sheep slaughtered for human consumption in Hawaii in 2002, but a similar search of the Department of “Defense” for the number...