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Monday, December 28, 2009

Cost and Outcomes in US healthcare

We know the numbers but neither the causes nor the solution.
The recent Senate bill will not change this curve by much.

American Exceptionalism Strikes Again | Angry Bear

Stimulus timing - Paul Krugman Blog - NYTimes.com

Simple explanation of impact of stimulus on growth.
First derivative is important.

Stimulus timing - Paul Krugman Blog - NYTimes.com

Jonathan Gruber - 'Cadillac' tax isn't a tax -- it's a plan to finance real health reform - washingtonpost.com

A lesson in framing.
The Cadillac tax is not a tax. It is actually an elimination of a tax break on wealthy Americans.


Jonathan Gruber - 'Cadillac' tax isn't a tax -- it's a plan to finance real health reform - washingtonpost.com

“Is Blaming AAA Investors Wall-Street Serving PR?” « naked capitalism

Investment Banks ripped off investors by selling them fraudulently marked bonds.

“Is Blaming AAA Investors Wall-Street Serving PR?” « naked capitalism

Thursday, December 17, 2009

Morgan Stanley Walking Away from Properties

First class  business in a first class way.

What does this say about the CRE market?
What if more homeowners start to do  this? Another leg down in the housing market.

Wednesday, December 16, 2009

Bonuses Were Paid Fraudulently

Trader and management bonuses were based on fraudulent profits and should be clawed back.
Unfortunately this will not happen.
This is another good reason for a windfall profit tax.


Former Barclays Chief Points Out Bonuses Were Paid Fraudulently « naked capitalism

Thursday, December 03, 2009

What's the Plan for Afghanistan?

There is no plan.

What's the Plan for Afghanistan? | Mother Jones

Public Works

But it's not as though the United States hasn't started some big public works projects over the past decade or so; it just hasn't been doing them here at home. We've spent billions constructing military bases in Iraq and Afghanistan, for example, and another billion or more on a giant embassy in Baghdad and another one in Pakistan. Needless to say, those "public works" projects are a drain on the U.S. economy rather than a source of additional productivity.

Obsidian Wings: But I’ve Been Unfaithful, I’ve Been Traveling Abroad