Sunday, May 30, 2010
Saturday, May 29, 2010
There Was 'Nobody in Charge'
Flawed social interactions among the various organizations on the rig was a cause of the disaster.
Friday, May 28, 2010
New proposal would require identification to buy prepaid cellphones
Willing to regulate cellphones...but not guns?
Crazy state of American politics.
Wednesday, May 26, 2010
Commander Cites Progress and Frustration in Afghanistan
The U.S. military with 100,000 troops in Afghanistan cannot hold a province of 600,000 people against 1,000 insurgents.
Structural Unemployment and Technology | Angry Bear
Is unemployment structural due to increases in technology?
If so you have to believe that things really are "different this time".
Tuesday, May 25, 2010
The Gulf Deepwater Oil Spill - the Top Kill Attempt
Good graphics on the complex work of trying to control an oil spill. There was not adequate preparation for anything of this scale.
Monday, May 24, 2010
Japan economic performance is better than advertised
If you look at GDP per working age adult, the growth rate of Japan is in top tier of developed nations.
Sunday, May 23, 2010
Thursday, May 20, 2010
The problem with Libertarianism
Rand Paul is No Barry Goldwater on Civil Rights | Capital Gains and Games: "n short, the libertarian philosophy of Rand Paul and the Supreme Court of the 1880s and 1890s gave us almost 100 years of segregation, white supremacy, lynchings, chain gangs, the KKK, and discrimination of African Americans for no other reason except their skin color. The gains made by the former slaves in the years after the Civil War were completely reversed once the Supreme Court effectively prevented the federal government from protecting them. Thus we have a perfect test of the libertarian philosophy and an indisputable conclusion: it didn't work. Freedom did not lead to a decline in racism; it only got worse."
Wednesday, May 19, 2010
Preliminary Findings Regarding the Market Events of May 6, 2010
Joint Report of SEC and CFTC explains the causes and proposed remedies of "flash crash" of May 6. Good reading.
Accountability
This set of letters is encouraging. Maybe the corporations will be held accountable.
Tuesday, May 18, 2010
Guide to Academic Research
A guide to how to write in the academic style.
Monday, May 17, 2010
Sunday, May 16, 2010
Where is the strategic reserve
My favorite line from Churchill's autobiography.
Winston Churchill Liveblogs World War II: May 16, 1940 - Grasping Reality with Both Hands
Winston Churchill Liveblogs World War II: May 16, 1940 - Grasping Reality with Both Hands
Saturday, May 15, 2010
Garnett on loyaty
Garnett stands tall after sitting - The Boston Globe: "“Loyalty is something that hurts you at times, because you can’t get youth back. I can honestly say that if I could go back and do my situation ... over, and knowing what I know ..., I’d have done it sooner."
Friday, May 14, 2010
Tyler Cowen
One of my favorite bloggers.
Wednesday, May 12, 2010
Tuesday, May 11, 2010
Monday, May 10, 2010
An Analysis of the Thursday Meltdown � naked capitalism
An Analysis of the Thursday Meltdown � naked capitalism: "It boils down to this: this episode exposed structural flaws in how a trade is implemented (think orphaned algo orders) and it exposed the danger of leaving market making up to a network of entities with no mandate to ensure the smooth and orderly functioning of the market (think of the electronic market makers and high freqs who can pull bids instantaneously as opposed to a specialist on the floor who has a clearly defined mandate to provide liquidity)."
Sunday, May 09, 2010
Saturday, May 08, 2010
“A Process That Only We Fully Understand” � The Baseline Scenario
The hubris that was Alan Greenspan.
This is prime reason that the Fed needs an audit.
Kass: Quants Causing Trouble
More quants are momentum based than fundamentally based.
Tuesday, May 04, 2010
Glen Beck moment of Sanity
A Renewed Debate Over Suspect Rights - NYTimes.com: "“He’s a citizen of the United States, so I say we uphold the laws and the Constitution on citizens,” Mr. Beck said. “He has all the rights under the Constitution. We don’t shred the Constitution when it’s popular. We do the right thing.”"
Fix the Rating Agencies
The primary cause of the crash was poor underwriting.
How much of this can be fixed by tinkering with the rating agencies? It is really a business issue that must be addressed firm by firm.
Monday, May 03, 2010
10 Ways the American Economy Is Built on Fraud | Economy | AlterNet
Depressing reading for a gloomy morning.
Incentives, Complexity, and the Blame Game
Use of illiquid assets increased risk while seemed to dampen it.
Sunday, May 02, 2010
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