Muszkiewicz Reader

If bin Laden did not foresee all this, then he quickly came to understand it. In a 2004 video message, he boasted about leading America on the path to self-destruction. “All we have to do is send two mujaheddin … to raise a small piece of cloth on which is written ‘al-Qaeda’ in order to make the generals race there, to cause America to suffer human, economic and political losses.”

Through the initial spending of a few hundred thousand dollars, training and then sacrificing 19 of his foot soldiers, bin Laden has watched his relatively tiny and all but anonymous organization of a few hundred zealots turn into the most recognized international franchise since McDonald’s. Could any enemy of the United States have achieved more with less?

Could bin Laden, in his wildest imaginings, have hoped to provoke greater chaos? It is past time to reflect on what our enemy sought, and still seeks, to accomplish — and how we have accommodated him.

If you believe housing resembles a luxury good, then you’ll end up thinking house prices will rise nearly as fast as incomes in the long run and that houses today aren’t terribly overvalued. If housing is a staple, though, prices will rise more slowly — with general inflation, as food tends to.

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As people become richer, they spend a shrinking share of their income on the basics. Think of it this way: someone who gets a big raise doesn’t usually spend it on groceries. You can see how shelter seems as if it might also qualify as a staple and, like food, would account for a shrinking share of consumer spending over time. In that case, house prices should rise at about the same rate as general inflation and well below incomes.

Here’s the scary thing, at least for homeowners: if this view is correct, house prices may still be overvalued by something like 30 percent.

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The second, less bearish group of economists doesn’t buy this…They say they believe that house prices rise nearly as fast, if not quite as fast, as incomes, and that real estate is no longer in a bubble.

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Perhaps most persuasive is a statistic that Mr. Shiller sent me when I asked him about this debate. It shows that the share of consumer spending — and, by extension, of income — devoted to housing has not fallen over time. It has hovered around 14 or 15 percent for the last 60 years. The share of spending devoted to food, by contrast, has dropped to 13 percent, from 25 percent.

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The best advice for homeowners and would-be buyers may be to think of a house not as an investment, first and foremost, but as a place to live. If there is a good chance you will move in the next three years or so, you should probably rent. The hassles of buying and the one-time costs are just too big. Plus, house prices are not low in most places today.

For the first half of the 20th century, he said, expectations followed the opposite path. Houses were seen the way cars are now: as a consumer durable that the buyer eventually used up.

I quite agree that much of the book will seem coarse, rude, bad-tempered, violently prejudiced, unconstructive — even frankly antisocial in its point of view. Serious critics, serious librarians, serious associate professors of English will if they read this work dislike it intensely; at least I hope so. To others I can only say that if the book has virtues they cannot be disentangled from the faults; that there is a way of being wrong which is also sometimes necessarily right.

Researchers say there is an evolutionary rationale for the pressure this barrage puts on the brain. The lower-brain functions alert humans to danger, like a nearby lion, overriding goals like building a hut. In the modern world, the chime of incoming e-mail can override the goal of writing a business plan or playing catch with the children.

‘We have learned something important since the days that I served in Vietnam,’ Mr. Blumenthal said to the group gathered in Norwalk in March 2008.

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There was one problem: Mr. Blumenthal, a Democrat now running for the United States Senate, never served in Vietnam. He obtained at least five military deferments from 1965 to 1970 and took repeated steps that enabled him to avoid going to war, according to records.

The deferments allowed Mr. Blumenthal to complete his studies at Harvard; pursue a graduate fellowship in England; serve as a special assistant to The Washington Post’s publisher, Katharine Graham; and ultimately take a job in the Nixon White House.

10 Commandments of the Intrapreneur:

1. Come to work each day willing to be fired.

2. Circumvent any orders aimed at stopping your dream.

3. Do any job needed to make your project work, regardless of your job description. (BC: Or, as Eric Reis puts it: “In any situation it is your responsibility, using your best judgment, to do what you think is in the best interests of the company. That’s it. Everything else [in your job description] is only marketing.”)

4. Find people to help you.

5. Follow your intuition about the people you choose, and work only with the best.

6. Work underground as long as you can - publicity triggers the corporate immune mechanism.

7. Never bet on a race unless you are running in it.

8. Remember it is easier to ask for forgiveness than for permission.

9. Be true to your goals, but be realistic about the ways to achieve them.

10. Honor your sponsors.

Truth is a difficult thing. Just a few centuries ago, the smartest humans alive were dead wrong about damn near everything.

They were wrong about gods. Wrong about astronomy. Wrong about disease. Wrong about heredity. Wrong about physics. Wrong about racism, sexism, nationalism, governance, and many other moral issues. Wrong about geology. Wrong about cosmology. Wrong about chemistry. Wrong about evolution. Wrong about nearly every subject imaginable.