1. Eric Falkenstein finds another person who agrees with his view that risk is not related to return (or expected returns). 2. How China shapes their news. They have gotten more sophisticated over time. Key quote: "“He’s basically telling these students that journalism in China is a big show, it’s fabricated, but in the end it’s all justified for the higher purpose of stability,” Mr. Xiao said." (HT: Anthony)3. Encouraging embedded allies to become Dilberts (Or more accurately, Wally and the pointy haired boss) to defeat our enemies from within. 4. The EIA's latest forecasts basically admit that oil production over the next few years has peaked. It is even worse when you look at projected production excluding non-oil liquids such as biofuels.