The Fount of Useless Information
Your place for useless information that just might possibly be interesting.
How the 99 percent was born
The Great Recession destroyed the right’s myth of a “liberal elite,” and forced the middle class to band together
http://www.salon.com/2011/12/15/how_the_99_percent_was_born/singleton/
An interesting article on the (surely deliberate) efforts to misdirect and dilute the focus …
A Chinese lifeline for American workers
As wage inflation in China pushes up the cost of offshoring, “Made in America” starts to look a lot better
http://www.salon.com/2011/12/16/a_chinese_lifeline_for_american_workers/singleton/
As happened in Japan, Korea and pretty much everywhere else, labor rates in …
Finally, A Rich American Destroys The Fiction That Rich People Create The Jobs
http://articles.businessinsider.com/2011-12-12/news/30500948_1_entrepreneurs-and-investors-capital-gains-and-income-jobs
I find these statements dead on. Rich people do not consume more than other people and tend to make very conservative investments that rarely lead to …
The Cellulosic Ethanol Debacle
Congress mandated purchase of 250 million gallons in 2011. Actual production: 6.6 million.
http://online.wsj.com/article/SB10001424052970204012004577072470158115782.html
Yes, what is described in the article (forcing refineries to buy products, then penalizing them when they can’t because the products don’t …
Executive pay: Don’t blame the CEO
Yes, huge stock-based compensation packages have distorted the incentives for executives. But CEOs aren’t to blame, their bosses are.
http://management.fortune.cnn.com/2011/11/16/dont-blame-the-ceo/
Just like ball players asking for huge salaries, CEOs are just out trying to …