Sharks Have Taken Over A Lake On A Golf Course In Australia

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Email Zip Sharks Have Taken Over A Lake On A Golf Course In Australia Leah Goldman | Oct. 10, 2011, 11:27 AM | 779 | A A A   xEmail Article From To Email Sent!You have successfully emailed the post.

A golf course in Brisbane Australian has discovered some very dangerous, unwelcomed guests in a lake on the greens.

Sharks. There are six sharks now living in the lake on the golf course, according to MyFox Orlando. The sharks washed up in the golf course due to heavy flooding

Check out video of the sharks below:

VIDEO: Sharks in golf course lake: MyFoxORLANDO.com

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A TIGER COMEBACK? Woods Broke A Record At A Florida Golf Course Yesterday

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Image: AP

It's been a seriously rough couple of years for Tiger Woods.

But there might be hope for the unlucky golfer. Woods went golfing at The Medalist in Florida yesterday and shot a 62, beating the previous record by two (Tim Rosaforte via Yahoo! Sports).

This is a good sign for Woods since he hasn't shot under 70 since coming back from injury.

Hopefully it will carry over for Woods at the Frys.com tournament this week.

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Of Course, Eric Cantor Is A Total Hypocrite

In a way, I may be wasting my time doing any kind of rational analysis of Eric Cantor’s demand that any disaster aid in the wake of Irene be offset by spending cuts elsewhere. Cantor is, of course, being totally hypocritical; where were the demands for offsets to the cost of invading Iraq?

Still, it may be worth talking about just how bad an idea this is in terms of basic economics — and in this case, regular economics, not fancy-schmancy macro.

Think of the government budget as involving tradeoffs similar to those an individual household makes. On one side, there are all kinds of things the government could be doing, from dropping freedom bombs to providing children with dental care; think of each of these things as involving a certain marginal benefit per additional dollar spent, with the marginal benefit declining in the total amount spent on each concern. On the other side, raising revenue has a cost, both the direct cost of the money taken from taxpayers and the possible reduction in incentives from higher tax rates.

What the government should do, in this case, is set all the marginals equal: the marginal benefit of an additional dollar spent on bombs, dental work, national parks, soup kitchens, etc, should all be equal, and this common marginal benefit should equal the marginal cost of raising an additional dollar of revenue.

Now suppose a disaster strikes. What this does is raise the marginal benefit of spending on disaster relief. The appropriate response is to move all the marginals to get them in line: spend less on everything else, and also raise more in taxes. So even there it shouldn’t be all offsetting spending cuts.

But wait: even more important, the government can borrow (or, in principle, lend, if it pays off all its debt). So it should balance its budget in present discounted value terms, not year by year. This means that the tradeoffs should include future spending and taxes as well as this year’s spending and taxes. And a natural disaster, like a war, is a temporary event; it should be met largely through higher taxes and lower spending in the future rather than right away, which is another way of saying that it should be paid for in large part by a temporary increase in the deficit.

This isn’t some novel idea, by the way — it’s the standard theory of public finance during war, going all the way back to Ricardo. And the logic of wartime finance applies equally to natural disasters.

So the bottom line is that basic, regular economics says that Cantor isn’t making sense. Are you surprised?

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Indoor Outdoor Mini Golf Course

by Edwin - on August 17th, 2011

If you are an avid golfer and would love to get your game on just about anywhere, then perhaps you might be interested in shelling out $169.95 for the Indoor Outdoor Mini Golf Course? The name itself implies that you can give this a go indoors if the weather is not favorable at all for you in the great outdoors, while when the sun is out and all is well, you can always bring the entire shebang outdoors for a tan and some exercise.

This mini-golf course will not be a walk in the park though, as you are able to set it up in a way where you can challenge players with a variety of obstacles. Hailing from Munich, Germany, you can be sure that German precision is part of the set’s DNA right from the get go, sporting rugged ABS that will not crack or break despite being exposed to the elements, where nine pieces will let your imagination run wild with the kind of courses that you design.

There is a maze obstacle that returns balls which miss the 3? wide lane that leads to the hole in its center, while an inclined corkscrew will need the right angle of attack to reach the hole at its center, and who can forget the two-way incline which requires you to have a deft touch to reach the hole at its apex without dropping down the other side? Seems to be a challenge worth purchasing – what say you?

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