Economist, Sept 7, 2013 (II)

choi

I have added the following to a previous posting about 4-H.

(a) Economist "newspaper"--that is what Economist identifies itsel--names the column of each section after a person or a thing noted in that category. So,
"Lexinton" (as in Cord and Lexington in American Revolution) for "United States,"
"Banyan" for "Asia,"
"Schumpeter" for "Business," "
"buttonwood" for "Finance,"
and so on.
(b) "For many, the name [4-H] conjures up a single image: a farmer’s child at a country fair, clad in best blue jeans and cowboy boots, gravely leading livestock round a show-ring."
(ii) Kathleen O'Keefe, 2008 Hokkaido Holstein National Show--Heifer Class Result. Holsteinworld, Sept 27, 2008
www.allbreedsblog.com/2008/09/27 ... ifer-class-results/
(photo 2 displayed "show ring")

Westminster Kennel Club Dog Show
http://en.wikipedia.org/wiki/Westminster_Kennel_Club_Dog_Show
also uses "show ring" format.
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(3) What state lawmakers earn | Some work for nothing.
http://www.economist.com/news/un ... 7-some-work-nothing

Note:
(a) "Only New Mexico pays its lawmakers less [than New Hampshire]; in the Land of Enchantment, they work for nothing."

New Mexico
http://en.wikipedia.org/wiki/New_Mexico
(Nickname: Land of Enchantment)
(b) "California, by contrast, pays its legislators a hefty $90,526 a year. Fortunately, there are not many of them: 38m Californians are represented by just 120 state legislators, or 3.2 per 1m people."

California
http://en.wikipedia.org/wiki/California
(section 1 Etymology; "The California State Legislature consists of a 40-member Senate and 80-member Assembly. Senators serve four-year terms and Assembly members two. Members of the Assembly are subject to term limits of three terms, and members of the Senate are subject to term limits of two terms")
(c) "Nebraska is the only state with a unicameral legislature."

Nebraska
http://en.wikipedia.org/wiki/Nebraska
(section 8.2 Legislative branch)
(d) Massachusetts Legislature consists of 40-member Senate and 160-member House of Representatives; both have two-year term and have no term limit.

They are full-time jobs but members can legally hold down a second job (practicing law as an attorney, for example). See also
(i) Full and Part-Time Legislatures. American Conference of State Legislatures (NCSL), June 2009.
http://www.ncsl.org/legislatures ... e-legislatures.aspx
(ii) 2012 Legislative Session Calendar. NCSL, Aug 3, 2012
http://www.ncsl.org/legislatures ... ssion-calendar.aspx
(footnote *: "Legislature meets throughout the year" and that includes Massachusetts)

choi

(4) Buttonwood | Squaring the circle; Financial markets are sending incoherent messages
("Albert Edwards, a permanently bearish strategist at Société Générale, sees the recent turbulence in emerging markets as 'leading to a renewed global recession, with waves of deflation flowing to the West from Asia as China is ultimately forced to devalue in the face of an unrelenting loss of competitiveness, most especially against its emerging-market rivals'”)

My comment: I recommend you not read the rest of it, which deals with global market fluctuations. You are tempted, I know, but there are better ways: reading the original (which is impossible, for the analysis is locked behind pay wall, for clients' eyes only). Thus the next best thing is read to a summary. Here is the only one available online.

Katie Holliday, Albert Edwards: Emerging Market Rout to Trigger Global Recession. CNBC.com, Aug 30, 2013.
http://www.cnbc.com/id/100998610

The English surnames Holliday/Holladay are "from Old English haligdæg ‘holy day,' ‘religious festival.' The reasons why this word should have become a surname are not clear; probably it was used as a byname for one born on a religious festival day."