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Bernanke has proven himself to be a particularly talented public servant. He saw the credit crisis coming and adjusted the central bank's policies at a rate which was abnormally fast based on Fed history. He offered hundreds of millions of dollars of liquidity to banks that probably would have collapsed without it. He manhandled the people who got in his way, most recently Ken Lewis from Bank of America...
...conspicuous fact with our [Case-Shiller] data is that prices are still falling, although at a somewhat lower rate. There is also some sign of pick-up in pending-home sales. But to me the dominant fact is that prices are still falling. We've never seen a real estate market turn on a dime. For the longer horizon, though, it's possible that we are picking up. The other thing that is striking is that home prices have come down a lot, so they're no longer very overpriced...
...Eating, Sleeping and Leisure: "Americans spend around an hour and a quarter eating every day, slightly more than only Canadians and Mexicans but less than half the eating time spent by the French. Despite this limited time spent eating, their obesity rates are the highest in the OECD." (That's ten times the rate in South Korea, mind you). "Spain reports the highest proportion of leisure time spent doing regular physical activities. Even there, exercise accounts for a mere 13% of leisure time. ... Italian men have nearly 80 minutes a day of leisure more than women. Much of the additional...
...victims of bullying are more likely to be boys than girls. Only in Hungary and Greece are girls victims of bullying more often than, or equal to, boys. There are no countries with more female than male perpetrators. ... Underage drinking is a big problem in the United Kingdom. Although rates have fallen since 2001/2002, in 2005/2006 one in three girls between 13 and 15 said they got drunk regularly in the United Kingdom, more than anywhere else. Boys of the same age were only just behind (32%), second only to Denmark (34%). With around one in ten male teenagers...
...Japan. The rise in life satisfaction in Turkey is particularly striking. ... While Mexico shows the lowest income among OECD countries, at $10,000 per capita, Mexicans report being almost as satsified with life as OECD's highest income country Luxembourg, at $55,000. ... Korea now has the highest suicide rate among OECD countries (around 22 deaths per 100,000 individuals). Ireland shows a marked regular increase of suicide rates with a peak in 2000, followed by a small but continuous decline...