Category Archives: Economics

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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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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More financial shenanigans

The Vampire Squid Strikes Again: The Mega Banks’ Most Devious Scam Yet Banks are no longer just financing heavy industry. They are actually buying it up and inventing bigger, bolder and scarier scams than ever http://www.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212 I wrote earlier about … Continue reading

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This is what happens when your business model says a certain amount of fraud is OK

Unless you have been living under a rock, you know that Target (and several others) have recently been hacked at their point of sale (POS) terminals to the tune of 10′s of millions of credit cards. Back in the ‘old … Continue reading

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The United States: a government of fear, by fear, and for fear

Fifty States of Fear http://opinionator.blogs.nytimes.com/2014/01/19/fifty-states-of-fear/?_php=true&_type=blogs&_r=0 A very interesting article that sort of consolidates a lot of my own arguments. A bit long for the average web article, but I recommend it to my reader(s). The author alludes to the us … Continue reading

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Jerk CEOs

Why So Many Tech Founders Who Are Jerks Become Insanely Rich And Successful http://www.businessinsider.com/jerk-tech-founders-often-become-kajillionaires-2014-1 As I read this article I started thinking about my past. I used to be a total asshole (as opposed to the partial asshole I am … Continue reading

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The amazing cluelessness of people

Facebook faces suit over private messages http://money.cnn.com/2014/01/03/technology/facebook-privacy-lawsuit/ It is amazing to me that people insist ‘free’ mean without cost. No one anywhere does anything for free. Even those who donate ‘out of the goodness of their heart’ are doing so … Continue reading

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More subprime scandle

Lurid Subprime Scams Unveiled in Long-Running Fraud Trial http://www.rollingstone.com/politics/blogs/taibblog/lurid-subprime-scams-unveiled-in-long-running-fraud-trial-20131212 Matt is more upset about this sort of thing than I am. I _expect_ this sort of behavior when our government regulation has been as completely neutered as it has been … Continue reading

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