Paul Krugman Wins Nobel Prize in Economics

Not a joke! Blogger and columnist in the NY Times Paul Krugman, one of the leading leftist intellectuals in the US, has won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 for his groundbreaking work in developing macroeconomic models in the field of being right all the time as well as his pattern theories of predictive smartassness.

But seriously, it's something about trade patterns or something. More at the Nobel page.