The Fount of Useless Information
Your place for useless information that just might possibly be interesting.
Why Robert Reich Cares so Passionately about Economic Inequality
http://www.pbs.org/newshour/businessdesk/2013/10/why-robert-reich-cares-so-passionately-about-economic-inequality.html
An interesting interview about our current failure to foster any sort of efforts toward remedying income inequality. According to the interviewee, we have had periods in the past where inequality …
Looting the Pension Funds
All across America, Wall Street is grabbing money meant for public workers
http://www.rollingstone.com/politics/news/looting-the-pension-funds-20130926
A rather sad article that details the hopeless stranglehold the elite have on the steadily shrinking middle class, but this time from the …
6 shocking revelations about how private prisons make money
Private prison companies are striking deals that guarantee high prison occupancy rates
http://www.salon.com/2013/09/23/6_shocking_revelations_about_how_private_prisons_make_money_partner/
I have talked about the prison industrial complex a time or twain before so this won’t be news …
The True Size of the Shadow Banking System Revealed (Spoiler: Humongous)
The shadow banking system is vastly bigger than regulators had thought, say econophysicists who have developed a powerful new way to measure its hidden impact
https://medium.com/the-physics-arxiv-blog/5e1dd9d1642
I have read …
Ripping Off Young America: The College-Loan Scandal
The federal government has made it easier than ever to borrow money for higher education – saddling a generation with crushing debts and inflating a bubble that could bring down the economy
http://www.rollingstone.com/politics/news/ripping-off-young-america-the-college-loan-scandal-20130815…
Practice and Genes
http://dilbert.com/blog/entry/practice_and_genes/
I used to believe that plenty of perspiration with a dash of inspiration would lead to success achieving goals. Now, in my cynical old age, I believe it boils down to the three factors of real …
The prisoner’s dilemma:
…Two members of a criminal gang are arrested and imprisoned. Each prisoner is in solitary confinement with no means of speaking to or exchanging messages with the other. The police admit they don’t have enough evidence
A Shuffle of Aluminum, but to Banks, Pure Gold
http://www.nytimes.com/2013/07/21/business/a-shuffle-of-aluminum-but-to-banks-pure-gold.html?pagewanted=all&_r=0
A very interesting read on how the great USofA now works. In addition to the direct tax payer transfer from the govt to special interests (no less than sixteen _trillion_ …
SEC lifts ban on hedge fund ads
http://www.usatoday.com/story/money/business/2013/07/10/hedge-fund-ads/2505463/
There appeared to be a brief period where, after costing the US economy at least $22 trillion dollars and probably no less than twice that in the global economy, where some regulation …
The Benefits of the Safety Net, Part 2
http://jaredbernsteinblog.com/the-benefits-of-the-safety-net-part-2/
I have talked about the “greatest good for the greatest number” before (that blog entry is more or less a link to here). It is my firm belief …