PrefBlog

The power supply on my offsite server failed at 2am last night, resulting in my various websites being down for about eight hours.

Things are now back to normal, but all eMail directed to me during the period was bounced. If you sent me anything between, say, 2am and 10am on Monday September 27, please resend it!

Users of PrefBlog on March 21 will have noticed that they became redirected to various advertising sites in the course of PrefBlog’s loading.

The site was compromised early in the day (thanks to Assiduous Reader GA for letting me know) and now, late in the day, the hack has been fixed and the vulnerability plugged – at least as far as I know.

I regret any inconvenience.

I reported Willem Buiter’s move to Citigroup, but neglected to remove Maverecon from the Blogroll … but now that sad task is done.

Dr. Buiter’s valedictory post is entertaining:

The joys of academic freedom and irresponsibility include the ability to participate in public debate using expressive, forceful language, strong metaphors, analogues and similes, to go over the top from time to time, to overstate the case and over-egg the pudding and not to worry about giving offense to the high and mighty. Because of their sheltered existence, academics can be reckless with impunity in their excursions into the forum of public opinion.

Inevitably, during my years with the MPC and the EBRD, both the form and substance of my public statements were more constrained than during my academic episodes before and after. The same will be true during the years to come with Citi.

Canadian Securities Law Online is Stikeman Elliott’s online information centre, featuring timely and practical information on important developments in M&A and corporate finance

Across the Curve has ceased publication as John Janssen, the author, has gone over to the dark side.

Accrued Interest is ceasing publication.

It’s a shame. Although I never saw a copy of his performance – and although some of his analytical posts gave me pause – there was never any doubt that he’s a serious player on the bond market’s buy side – and not too many guys in the field blog.

Ave atque vale!

I am sometimes taken to task for my spelling of the word “retractible”. Today, a newly Assiduous Reader writes in and says:

I note that you use the term “Retractible” in your work. I believe the correct spelling is “Retractable”. See http://en.wiktionary.org/w/index.php?title=Special%3ASearch&search=retractible&go=Go

Well, I don’t think it’s as cut and dried as all that, and even if it’s not I won’t get too fussed. The great strength of English is that not only will we steal words from anybody, running amok like thugs, but there are so many English speakers nowadays that the very concept of the Queen’s English is obsolete (The Queen’s English? Anybody knows that!).

Indian English, for example, has something of a reputation for being “cute” (among other English speakers). I can’t remember any particular examples off-hand, but I’ll update this post if I do. There are similar views whenever languages diverge slightly – Swedes think Norwegian is cute. On the other hand, Frenchmen think Quebecois is hillbilly.

And, of course, language is always changing … I once totally impressed a linguistics grad by being familiar with the Great Vowel Shift … not as familiar as she was, of course, but let’s just say … it was a great date!

Anyway, after due consideration, I have decided that for now, my spelling of retractible is non-retractible. What’s more, it’s not just me being stubborn – I can back it up!

According to Random House:

Origin:
1535–45; < L retractāre to reconsider, withdraw, equiv. to re- re- + tractāre to drag, pull, take in hand (freq. of trahere to pull) Related forms: re⋅tract⋅a⋅ble, re⋅tract⋅i⋅ble, adjective re⋅tract⋅a⋅bil⋅i⋅ty, re⋅tract⋅i⋅bil⋅i⋅ty, noun re⋅trac⋅ta⋅tion

Pay attention to the derivation, it’s important!

According to the American Heritage® Dictionary of the English Language

Latin retractāre, to revoke, frequentative of retrahere, to draw back : re-, re- + trahere, to draw. V., tr., senses 2 and 3, and v., intr., sense 2, Middle English retracten, from Old French retracter, from Latin retractus, past participle of retrahere.]
re·tract’a·bil’i·ty, re·tract’i·bil’i·ty n., re·tract’a·ble, re·tract’i·ble adj., re’trac·ta’tion

“Retractation” sounds like a good word! I think I’ll start using it!

Now, remember the derivation? From Latin? According to The English Club (I have no idea whether this should be considered an Authoritative Source or not, but I’m not sure if ANYBODY is an Authoritative Source):

-ible or -able
Many words end in -ible and -able. Sometimes it is difficult to remember which spelling to use.

The -ible ending is for words of Latin origin. There are about 180 words ending in -ible. No new words are being created with -ible endings.

They don’t list “retractible” amongst their examples, but the key part is the “Latin Origin” – and “retract” is from Latin.

On the other hand, there’s a bit on the Ohio Literary Resource Center website (note that I have spelt the word “Centre” incorrectly, in accordance with their spelling) stating:

Adding the letters able or ible to a word or word part makes it an adjective. An adjective is used to describe a noun. In the sentence Macy had an adorable cat, able is added to adore in order to describe what kind of cat Macy had. Below is one basic rule for adding the able/ible endings. Study the rule and then complete the practice exercise.

Rule : add able to roots that can stand alone and ible to roots that cannot stand alone
return + able = returnable terr + ible = terrible

So take your choice! I have!

Update: I remembered my favourite example of Indian English! It was an ad for some service or other that claimed that having the company provide this service would reduce your botheration. Perfectly understandable, but I was taken aback by seeing the word in a formal ad. I once told a Russian girl I had been taken aback by something, which she was surprised at because some Americans she knew had told her quite emphatically that nobody was “taken aback” any more.

Sadly, Brad Setser’s blog is now dormant, he says:

I have accepted a new job, one that will require a certain level of discretion.

It has been removed from the BlogRoll.