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First Water Landing in the History of Commercial Aviation
Freakonomics author Steve Levitt confirms: Capt. Chesley Sullenberger yesterday completed the first water landing in the history of commercial aviation.
Want Better Schools? Hire Better Teachers
Ed Glaeser, my college economics professor:
Mindless increases in school spending will be an expensive fiasco that will generate more disillusionment than human capital….
The clearest result from decades of education research is the importance of teacher quality… Improving teacher quality has about twice the impact on student outcomes as radically reducing class size….
The first step toward improving teacher quality is to attract more talented teachers. The second step is to improve teacher selection on the job, promoting the best and encouraging the worst to help society in some other way.
Tumblr Updated to v5
Tumblr, one of my favorite up-and-coming web apps, just got updated to version 5. Tumblr is a dead simple blogging platform that lets you share anything.
Harvard Business School Turkey
Shannon and I visited Harvard Business school this fall. As we walked through the campus, we suddenly came upon a wild turkey standing outside one of the lecture halls.
Turns out she had been there for a year and the students named her Turk.
A week after we left, she attacked a local reporter and was removed from campus before she could complete her MBA.
Congratulations Phil Ruffin
Buy Low, Sell High
1998: Buys New Frontier for $165 million
June 2008: Sells New Frontier for $1200 million (511% compounded annual return)
December 2008: Buys Treasure Island for $750 million
Snow in Summerlin!
Shannon just sent me these photos from our apartment in Summerlin.


Republican Chambliss Wins Georgia Senate Run-off
Republicans: 41, Democrats: 58. With Chambliss’ win, Republicans keep Democrats from winning a filibuster-proof 60-seat supermajorrity. In other news, the recount for seat #100 continues in Minnesota.
Alaska Counting Most Uncounted Ballots Wednesday
The Anchorage Daily News reports that Alaska will tally over half the remaining votes tomorrow. Begich (D) trails Stevens (R) for Alaska’s U.S. Senate seat by 3000 votes with at least 70,000 votes left to tally.
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Mindless increases in school spending will be an expensive fiasco that will generate more disillusionment than human capital….

