China Renminbi revaluation?

I have been trying to follow what China is doing with the Renminbi and the possible impact on the US economy. Here's an interesting article by Brad Setser: The $1.3 billion question: What will happen to the renminbi which speculates that China will not only revalue the Renminbi from its current US dollar peg, but that the change will be 10% or greater:

Still, I came away thinking the odds of a major move in the renminbi -- say a revaluation of more than 10% -- are higher than I thought going in. Why? Because Chinese economists, including economists in research institutes with links to the People's Bank of China, are very aware that the-oft discussed 3-5% revaluation in the renminbi would not do much. It is too small a move to have much of an impact on China's (growing) global trade surplus. More importantly, such small move would leave investors expecting a further renminbi appreciation. Consequently, it would not significantly reduce the pace of China's reserve accumulation.

Link: Why We Can't Compare Folksonomies to Search

Bokardo « Why We Can’t Compare Folksonomies to Search (Notes) The more I use del.icio.us and observe other folksonomies, the more I realize that we don’t use them to find “stuff”. We use them to discover “personally-related stuff”, which is really hard to do with a search engine.

Record direct to disk

The Sydney Morning Herald writes about Corduroy Records in Australia, the last place in Australia (and likely close to last place in the world) where musicians record directly to vinyl, no tape, no DAT, no digital nothing: Vinyl's last stand: Instead of a multi-track studio enabling overdubbing of recordings, direct to disc is a one-take operation with no margin for error, and, as such, is in some ways obsolete. The bands perform into microphones hooked up to a mixing desk and a 1978 Neumann lathe that simultaneously cuts grooves into an acetate disc at 45 or 33¹⁄₃ rpm.

net.disaster

Don't let your site turn into a Netdisaster. Oops, too late for Alex, Oliver, Klaus, and Todd.