Category Archives: Economics

Legalized theft

The real Olive Garden scandal: Why greedy hedge funders suddenly care so much about breadsticks Remember that “hilarious” report last week ripping the chain eatery to pieces? The back story will infuriate you http://www.salon.com/2014/09/17/the_real_olive_garden_scandal_why_greedy_hedge_funders_suddenly_care_so_much_about_breadsticks/ This is really the core problem … Continue reading

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What have you invented for me _lately_?

I have been thinking the last week or so that for all the appearance of our rapidly escalating technology, we really haven’t invented anything since the middle of the last century. I view the last real invention as the Laser … Continue reading

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Organic: better, the same or worse?

Is organic food better for you? http://www.cnn.com/2014/08/05/opinion/carroll-organic-food-nutrition/index.html?hpt=hp_t3 While things _may_ have progressed to the point where we are getting negative returns on our investment, for the most part the last several centuries of steadily increasing technological application toward food has … Continue reading

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Peak Everything

This is probably going to be a long and rambling post, but heck, I haven’t done one in a while (though I am sure some readers will object since I often run off at the keyboard). Over the last couple … Continue reading

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A third of Americans in debt collection!

1 in 3 U.S. adults have ‘debt in collections’ http://money.cnn.com/2014/07/29/pf/debt-collections/index.html?iid=HP_LN&hpt=hp_t2 Pretty scary stat, but that is what happens when our Great Government socializes risk while privatizing reward. The rich keep getting richer and the rest just take it in the … 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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