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Tuesday, May 25 2010

Lost & 24

What a big deal they have made of Lost's series finale, bah. I got tired of watching it a couple of season ago, too crazy. I am, however, watching 24's finale, very good. Jack Bauer is definitely the best character on TV in a long time.

The Washington Post has an op-ed from Mark Zuckerberg expressing a controlled sort of contrition for its recent privacy moves and promising a simpler privacy-settings interface . He has such a big mouth, and for so long has been so adamant that people don't care about privacy. The piece falls short of the "we're sorry" apology you might want. Zuckerberg allows that in Facebook's quest to make it easier for people to connect and share online, "sometimes we move too fast." He goes on to write that in trying to give users maximum control over their exposure on the widely used social network, Facebook "just missed the mark."

IMF

Kind of a grim outlook on Spain from the IMF

Spain—2010 Article IV Consultation
Concluding Statement of the Mission


Spain’s economy needs far-reaching and comprehensive reforms. The challenges are severe: a dysfunctional labor market, the deflating property bubble, a large fiscal deficit, heavy private sector and external indebtedness, anemic productivity growth, weak competitiveness, and a banking sector with pockets of weakness. Ambitious fiscal consolidation is underway, recently reinforced and front-loaded. This needs to be complemented with growth-enhancing structural reforms, building on the progress made on product markets and the housing sector, especially overhauling the labor market. A bold pension reform, along the lines proposed by the government, should be quickly adopted. Consolidation and reform of the banking system needs to be accelerated. Such a comprehensive strategy would be helped by broad political and social support, and time is of the essence.

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