I was a villain.
Michael Lewis Doesn't Like High-Frequency Traders - Bloomberg View
Monday, March 31, 2014
Sunday, March 30, 2014
Profit Margins: The Death of a Chart | Philosophical Economics
Profit Margins: The Death of a Chart | Philosophical Economics:
General Motors (GM) operates numerous plants in China. Suppose that one of these plants produces and sells one extra car. The profit will be added to CPATAX–a U.S. resident corporation, through its foreign affiliate, has earned money. But the wages and salaries paid to the workers and supervisors at the plant, and the compensation paid to the domestic suppliers, advertisers, contractors, and so on, will not be added to GDP, because the activities did not take place inside the United States. They took place in China, and therefore they belong to Chinese GDP. So, in effect, CPATAX/GDP will increase as if the sale entailed a 100% profit margin–actually, an infinite profit margin. Positive profit on a revenue of zero.
General Motors (GM) operates numerous plants in China. Suppose that one of these plants produces and sells one extra car. The profit will be added to CPATAX–a U.S. resident corporation, through its foreign affiliate, has earned money. But the wages and salaries paid to the workers and supervisors at the plant, and the compensation paid to the domestic suppliers, advertisers, contractors, and so on, will not be added to GDP, because the activities did not take place inside the United States. They took place in China, and therefore they belong to Chinese GDP. So, in effect, CPATAX/GDP will increase as if the sale entailed a 100% profit margin–actually, an infinite profit margin. Positive profit on a revenue of zero.
Saturday, March 29, 2014
On with Larry Kudlow Tonight on His Last Show! | Jared Bernstein | On the Economy
Points of agreement between left and right economists are as many as points of disagreement.
On with Larry Kudlow Tonight on His Last Show! | Jared Bernstein | On the Economy
On with Larry Kudlow Tonight on His Last Show! | Jared Bernstein | On the Economy
There’s No Substitute for Good Judgment | PRAGMATIC CAPITALISM
Nobel laureate Richard Feynmanemphasized the point: “The first principle is that you must not fool yourself – and you are the easiest person to fool.”
There’s No Substitute for Good Judgment | PRAGMATIC CAPITALISM
There’s No Substitute for Good Judgment | PRAGMATIC CAPITALISM
Friday, March 28, 2014
Wednesday, March 26, 2014
Tuesday, March 25, 2014
Monday, March 24, 2014
The secrets of the world's happiest cities | Society | The Guardian
Why I liked Tokyo more than NY; I ran to work.
The secrets of the world's happiest cities | Society | The Guardian
The secrets of the world's happiest cities | Society | The Guardian
Sunday, March 23, 2014
Saturday, March 22, 2014
Friday, March 21, 2014
Thursday, March 20, 2014
Wednesday, March 19, 2014
Rikers Island Struggles With a Surge in Violence and Mental Illness - NYTimes.com
The decrease in violence in America has occurred outside of prisons.
Rikers Island Struggles With a Surge in Violence and Mental Illness - NYTimes.com
Rikers Island Struggles With a Surge in Violence and Mental Illness - NYTimes.com
Monday, March 17, 2014
Tuesday, March 11, 2014
Monday, March 10, 2014
Sunday, March 09, 2014
Saturday, March 08, 2014
Sustainable Development Solutions Network | World Happiness Report 2013
Denmark: the world's happiest place.
Sustainable Development Solutions Network | World Happiness Report 2013
Sustainable Development Solutions Network | World Happiness Report 2013
Friday, March 07, 2014
Yale Endowment Report
Pay attention to three investors:
Buffett
Marks
Swenson
http://investments.yale.edu/images/documents/Yale_Endowment_13.pdf
Buffett
Marks
Swenson
http://investments.yale.edu/images/documents/Yale_Endowment_13.pdf
What really caused the decline of American unions? - latimes.com
Be sure to link through to the other articles. Interesting and worthy debate.
More important is the question what can empower workers if no unions?
What really caused the decline of American unions? - latimes.com
More important is the question what can empower workers if no unions?
What really caused the decline of American unions? - latimes.com
Tuesday, March 04, 2014
Monday, March 03, 2014
Sunday, March 02, 2014
Five Common Mistakes and How to Address Them
https://doc.research-and-analytics.csfb.com/docView?language=ENG&format=PDF&source_id=em&document_id=806005350&serialid=wa%2fjsdAV8YbvqAcuYbmEQSVKGUZwJF0pezqIKyi1lTQ%3d
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