Would You Run with the Bulls at Pamplona?

Running with the bulls in the Spanish city of Pamplona can lead to serious injury, even death. How risky is it? According to the website FiveThirtyEight, there was a 0.3% chance of being injured in 2014. In a highly unscientific survey I sent out recently, about half of the respondents chose this figure. A little over one-third of the respondents said they would participate in the event if the probability was this low.

But do people who run with the bulls correctly calculate the risk? After all, FiveThirtyEight called the festival "one of the most jarring examples of how imperfect a process natural selection is ... Literally the only point of going is to survive extreme risk (and to slap a bull on the butt, apparently)."

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Financial Advisors, Dentists and Golf Balls


Choosing a professional, like a dentist or financial advisor, can be difficult when we don't have the requisite expertise to judge their skill level. But there are certain things you can focus on. Check out the video for some criteria to use and how golf balls fit into the equation.

Musical Treat

Dentists help create a nicer smile.  Hopefully financial advisors make you smile. Chicago's "Make Me Smile" is a great combination of rock with a horn section.  The 1970 live version is worth a listen. (Sadly, the 1977 live version shows the deterioration of the late guitarist/singer Terry Kath.) Other "smile" songs include "Desecration Smile" by the Red Hot Chili Peppers and a take on the classic "Smile" by Nat King Cole.

Notes From My Trip to China

China overwhelms you -- in a positive way. There is the history, the culture, and the food. There is the size of its cities and the presence of so many people. There is the natural beauty of its mountains, lakes, and rivers. It's hard to convey everything we saw, so I'll focus on some of the broader themes of our experience (as compared to a travelogue).

You say you want a revolution ...

Construction cranes filled the sky of the Chinese cities we visited, adding ever more high rises to the seemingly endless vista of apartment buildings. How could Beijing (population 22 million), Xian (8.5 million), and Chengdu (14 million) become any denser?

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Football, IPOs, and The Winner's Curse

The hapless Detroit Lions, the cause of endless frustration, may have done something right for once when they didn't pursue All-Pro defensive lineman Ndamukong Suh in a bidding war that was eventually won by the Miami Dolphins. Suh received a $114 million contract, $60 million of which was guaranteed.

Why do free agents in sports receive such enormous contracts that seem to defy reason? After all, as the website "FiveThirtyEight" points out, Suh's dominance as a player with the Lions may not be replicated in Miami. And even if Suh continues to be a great player, Miami may still have paid him more than he's worth.

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Possible Reasons for the Dramatic Drop in Oil Prices

During a time of rising gasoline prices, the comedian Jay Leno quipped: "I bought a gallon of gas, as an investment." He probably did not anticipate that this sentiment could one day be a factor in causing oil prices to plunge, as they have recently.

Why has the price of oil dropped more than 50 percent over the past year? Two obvious culprits are our old economic friends, supply and demand. On the supply side, increased production in the U.S., along with the return of production in such places as Libya, has made oil more plentiful. On top of this, a sluggish world economy, especially in slower-growing China, has lessened demand. The result is lower prices.

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