Monday, January 29, 2007

Milton Friedman Documentary

People WATCH this, it is really great !

I love this line:
"If a country chooses equality before freedom it will end up with neither, should it chooses freedom before equality it will end up with plenty of both."

why this makes so much sense?

Friday, January 26, 2007

Air Trans wants Midwest


Midwest Airlines has sent out this email to its customers:
To Our Customers,

Shareholders and the Communities We Serve:The Board of Directors of Midwest Air Group (AMEX: MEH), parent company of Midwest Airlines, today announced it has unanimously rejected as inadequate AirTran Holdings, Inc.'s (NYSE: AAI) unsolicited exchange offer to acquire all outstanding shares of Midwest for $13.25 per Midwest share and strongly recommends that its shareholders not tender their shares at that price.

The board reached its conclusion after careful consideration, including a thorough review of the AirTran offer with its independent legal and financial advisors. Complete details of the board's position, including related SEC filings, are available from the special page we've set up to share the latest information with our customers.Thank you for your support of Midwest Airlines.To view more information regarding Midwest's response to AirTran, click here:http://www.midwestairlines.com/mymidwest

My note: I wonder if they can hold off, it would be interesting to notice that how much Air Trans is eager to pay above market price to make this merger happens. It also is equally interesting to see who would sell? just a wild guess those who want to gain because of business cycle would be selling however their shares do not constitute a majority of vote to force merging with Air Trans upon Midwest.

Great Article

http://www.washingtonpost.com/wp-dyn/content/article/2007/01/25/AR2007012502087.html
I like this article a lot. Read it!

Wednesday, January 24, 2007

Data Lessons

1. Always check data distribution with respect to:
a. TIME
b. Locations (Regions, Cities, etc)
c. Age
d. Gender
e. Income
f. Any other characteristics that one cannot have 95% of observations from only one category in them!!!!

2. Never EVER think data is SAFE! No data is!!!!
Be PARANOID ABOUT IT!!!!!!

Tuesday, January 23, 2007

Milton Friedman Day

Monday (Jan. 29) has been declared Milton Friedman Day. For some information about Friedman and activities associated with the day commemorating him, please see http://www.miltonfriedmanday.org/ and links therein.

You may also be interested to know that on Monday PBS will air a new documentary entitled "The Power of Choice: The Life and Ideas of Milton Friedman." (See http://www.freetochoosemedia.org/ for more information.)