Category Archives: Business

Take out the messenger

FedEx indicted for shipping drugs sold online http://money.cnn.com/2014/07/17/news/companies/fedex-indictment-drugs/index.html?hpt=hp_t2 Since the government can’t do its job properly it decides to go after someone it can reach in its laziness. I like this quote from FedEx: “We continue to stand ready and … Continue reading

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“If they can get you asking the wrong questions, they don’t have to worry about answers.”

Why the GOP really wants to defund IRS Hint: It’s not about punishing administrative incompetence. http://www.washingtonpost.com/posteverything/wp/2014/07/01/why-the-gop-really-wants-to-defund-irs/ Back from my week long ‘vacation’ (the bulk of which was 10-12 hours a day of back breaking work (in sauna-like temps) to get … Continue reading

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Oh yes, lets use Helium!

Meet the BAT, an airborne wind turbine http://www.cnn.com/2014/05/12/tech/innovation/big-idea-airborne-wind-turbines/index.html?hpt=hp_c2 At first the idea of a lighter-than-air product to reach the higher energy winds at higher altitude makes a great deal of sense, but the use of helium makes it a really … Continue reading

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But a company can’t to go jail!

Feds wrestle with ‘too big to jail’ http://money.cnn.com/2014/05/05/investing/too-big-to-jail/index.html?hpt=hp_t2 I talk about “too big to jail” here from time to time. The core of the problem remains this idiotic notion of a corporate entity being ‘human’. You can’t put a company … Continue reading

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HFT

A nice explanation for how high frequency trading makes its outsized gains: Trading in Milliseconds: When Correlations Break Down http://jaredbernsteinblog.com/trading-in-milliseconds-when-correlations-break-down/ In the comments (most of the comments on his blog are intelligent) is another nice analogy: http://jaredbernsteinblog.com/trading-in-milliseconds-when-correlations-break-down/#comment-2146150: It would be … Continue reading

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Tamiflu is a billion-dollar boondoggle

Updated Review: Tamiflu Is a Bust After finally getting their hands on full clinical study reports, independent reviewers say the antiviral drug is ineffective. http://www.the-scientist.com//?articles.view/articleNo/39686/title/Updated-Review–Tamiflu-is-a-Bust/ I mentioned Tamiflu and its uselessness when I complained about the uselessness of the flu … Continue reading

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Rigged

How America is rigged for the rich http://www.cnn.com/2014/04/09/opinion/liu-income-inequality/index.html?hpt=hp_t4 This is kind of a ‘retweet’. I think this is important for the health and welfare of our nation, though I figure the rich have such a lock on things their hold … Continue reading

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Shocking! America falling behind the third world

Why is American internet so slow? The country that literally invented the internet is now behind Estonia in terms of download speeds http://theweek.com/article/index/257404/why-is-american-internet-so-slow I have been complaining about how the US has been rapidly turning into a third-world country, this … Continue reading

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Welfare for citizens == welfare for corporations?

Hey, Washington! The Pay Is Too Damn Low: The Minimum-Wage War Giving America‚Äôs lowest-paid workers a raise is great for the economy. And even better for Democratic prospects in 2014 http://www.rollingstone.com/politics/news/hey-washington-the-pay-is-too-damn-low-the-minimum-wage-war-20140227 This seems to be another step in my personal … Continue reading

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Turning tide on executive compensation?

A new study: How overpaid CEOs tank their firms http://www.pbs.org/newshour/making-sense/new-study-overpaid-ceos-tank-firms/ Quite interesting article, I will copy the summary of the paper here: We find evidence that CEO pay is negatively related to future stock returns for periods up to three … Continue reading

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