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Monday, March 28, 2011

Monday Mailbag: Financial Reform? How About Criminal Prosecutions? Plus: Bonus Ozzy Osbourne | Rolling Stone Politics | Taibblog | Matt Taibbi on Politics and the Economy

" The lesson seems to be if you steal from Goldman you go to the hoosegow for nearly a decade, while if you steal for Goldman you get a government bailout and a hefty bonus."


Monday Mailbag: Financial Reform? How About Criminal Prosecutions? Plus: Bonus Ozzy Osbourne | Rolling Stone Politics | Taibblog | Matt Taibbi on Politics and the Economy:

This is US. We have done all of this.

A list of US interventions since WWII.

This is US. We have done all of this. | Angry Bear

Technology Is Not the Answer

The poverty rate in the US has been at just below 15% despite rapid increases in technology.

Technology Is Not the Answer - James Fallows - Technology - The Atlantic

Parallel Universe

The US Chamber would be clambering for a tax cut in the wake of a similar strategy.

Japan business lobby gives OK to scrap corporate tax cut | Reuters

TSUNAMI: Video of Tsunami In Kesennuma

TSUNAMI: Video of Tsunami In Kesennuma

Complexity

A discussion on Complexity in the financial system. Much of it is devised to deceive clients and enhance profits.

Complexity and War or How Financial Firms Wreck Economies for Fun and Profit � naked capitalism

Sunday, March 27, 2011

Khan Academy

New Tech Bubble?

Higher valuations and possibly a bigger bubble. Less harm to public investors because they cannot invest. Protecting stock markets from themselves.

New Tech Bubble? | The Big Picture

"“I like paying taxes. With them I buy civilization.”"

Convenient Arguments � The Baseline Scenario: "“I like paying taxes. With them I buy civilization.”"

Japan Earthquake: Two Weeks Later - Alan Taylor - In Focus - The Atlantic

Japan Earthquake: Two Weeks Later - Alan Taylor - In Focus - The Atlantic

Tsunami Caught Japan's Nuclear Industry Off Guard - NYTimes.com

Tsunami Caught Japan's Nuclear Industry Off Guard - NYTimes.com:

Normal accidents.

"Tsuneo Futami, a former Tokyo Electric nuclear engineer who was the director of Fukushima Daiichi in the late 1990s. “When I headed the plant, the thought of a tsunami never crossed my mind.”"

And the Onion chimes in:


Nuclear Energy Advocates Insist U.S. Reactors Completely Safe Unless Something Bad Happens

Wednesday, March 23, 2011

Things could have turned out a whole lot worse

What's Your Biggest Regret? - NYTimes.com: "We idealize the road not taken, imagining only the good things that would have resulted from our taking it, conveniently leaving out the bad that accompanies almost every choice,"

Educating College Graduates So They Can be Unemployed � New Deal 2.0

College education is not automatic route to success. The employment to population ratio among 20-24 year olds has dropped by 10 percent in the last 10 years.

Educating College Graduates So They Can be Unemployed � New Deal 2.0

Saturday, March 19, 2011

Lunch with the FT: Howard Schultz

Money, success, being part of something bigger than yourself does not bring happiness nor satisfaction.

FT.com / Columnists / Lunch with the FT - Lunch with the FT: Howard Schultz: "“Let me try to answer. I think my whole life, because of where I came from, I had a fear of failure. Sitting in front of you now at the age of 57, and having achieved what most people might think is the American Dream, I still have it. That’s what drives me. I can’t answer the question intellectually, I just feel it.” He grins as if mystified by his own nature. “But it’s honest.”"

Tuesday, March 01, 2011

Countervailing what?: After unions | The Economist

Countervailing what?: After unions | The Economist:

"This is precisely the kind of answer I was looking for from progressives when I asked, 'If not unions, what?"

The role of unions should be replaced by government.