Category Archives: Economics

“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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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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