The Krugman Blues.

That's Nobel Prize-winning economist and New York Times columnist Paul Krugman, and he's giving Loudon Wainwright III the blues...

(H/T: Calculated Risk.)

Song To Rupert.

From HuffPo:

Singer/songwriter Jill Sobule was introduced to News Corp chairman Rupert Murdoch at last year's All Things Digital conference (D6). To commemorate that occasion and kick-off this year's conference, Sobule serenaded Murdoch at the event in Carlsbad, California Tuesday night.

(Here are the lyrics:)

Rupert, I met you last year

At this conference

Do you remember me?

Rupert, they took our picture

You gave me a warm hug

It was really disconcerting

I've never been a big fan

The op-ed of the Wall Street Journal

I can't stand

But that night, Rupert

You were the man.

Rupert, you took me back to your room

Showed me your iPod

You love Olivia Newton-John

We drank Foster's

We got so pissed

You told me your secret

That you voted for Obama

You said you've got a secret plan

You hired Glenn Beck to ruin the Republicans

Oh, Rupert

You are the man.

Hey Paul Krugman.

     Paul Krugman in today's New York Times:

     On Monday, Lawrence Summers, the head of the National Economic Council, responded to criticisms of the Obama administration’s plan to subsidize private purchases of toxic assets. “I don’t know of any economist,” he declared, “who doesn’t believe that better functioning capital markets in which assets can be traded are a good idea.”

     Leave aside for a moment the question of whether a market in which buyers have to be bribed to participate can really be described as “better functioning.” Even so, Mr. Summers needs to get out more. Quite a few economists have reconsidered their favorable opinion of capital markets and asset trading in the light of the current crisis.

     But it has become increasingly clear over the past few days that top officials in the Obama administration are still in the grip of the market mystique. They still believe in the magic of the financial marketplace and in the prowess of the wizards who perform that magic.

     The rest is here.

It's A G-Nome Thang.

In honor of science's return after an eight-year absence, let's regulate us some genes!

According to Reuters, that's Stanford University human biology instructor Tom McFadden and junior Derrick David. It's "Regulatin' Genes," a parody of Jay-Z's "Money Ain't A Thing."

Evolution jams and Darwin was an Original G.