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Sunday, September 30, 2012
Saturday, September 29, 2012
Wednesday, September 26, 2012
Monday, September 24, 2012
Sunday, September 23, 2012
Saturday, September 22, 2012
Thursday, September 20, 2012
Wednesday, September 19, 2012
Tuesday, September 18, 2012
Thurston Howell Romney
If Romney has lost David Brooks, he has lost middle America.
Brooks makes sense but returns to his idiotic form at the end.
Thurston Howell Romney - NYTimes.com
Brooks makes sense but returns to his idiotic form at the end.
Thurston Howell Romney - NYTimes.com
Monday, September 17, 2012
Sunday, September 16, 2012
A Military Success Story
Republicans look silly on this. Too bad no one calls them on it.
Opponents of gay marriage will look just as silly.
A Military Success Story - NYTimes.com
Opponents of gay marriage will look just as silly.
A Military Success Story - NYTimes.com
Saturday, September 15, 2012
Friday, September 14, 2012
Citigroup Puts the Fun Back in Taking Huge Losses - Bloomberg
Citigroup Puts the Fun Back in Taking Huge Losses - Bloomberg:
Citigroup should be prosecuted under Sarbenes-Oxley.
Citigroup’s 49 percent interest in Morgan Stanley Smith Barney, which Morgan Stanley agreed to buy for about $6.6 billion, is another classic example. In its 2011 annual report, Citigroup said the investment had a “temporary impairment” as of Dec. 31, but that management didn’t plan to sell “prior to recovery of value” and didn’t believe the bank would be required to. Citigroup also said its potential loss “was not material.”
Citigroup should be prosecuted under Sarbenes-Oxley.
Citigroup’s 49 percent interest in Morgan Stanley Smith Barney, which Morgan Stanley agreed to buy for about $6.6 billion, is another classic example. In its 2011 annual report, Citigroup said the investment had a “temporary impairment” as of Dec. 31, but that management didn’t plan to sell “prior to recovery of value” and didn’t believe the bank would be required to. Citigroup also said its potential loss “was not material.”
Thursday, September 13, 2012
Wednesday, September 12, 2012
Report says Romney backer could save $2bn - FT.com
Good return on investment. Invest 100, get back 2bn
Report says Romney backer could save $2bn - FT.com
Report says Romney backer could save $2bn - FT.com
Tuesday, September 11, 2012
Schumpeter: Bargain bosses
I beg to differ. Each one would do the same work for half. They get paid more because they can.
Schumpeter: Bargain bosses | The Economist
Saturday, September 08, 2012
How Google Builds Its Maps—and What It Means for the Future of Everything - Technology - The Atlantic
In 50 years, Google will be the self-driving car company (powered by this deep map of the world) and, oh, P.S. they still have a search engine somewhere."
How Google Builds Its Maps—and What It Means for the Future of Everything - Technology - The Atlantic
In Pedophile Case, Church Failed to Stop Priest - NYTimes.com
"they have learned nothing and have forgotten nothing."
In Pedophile Case, Church Failed to Stop Priest - NYTimes.com
In Pedophile Case, Church Failed to Stop Priest - NYTimes.com
Smugglers Sell Coolant Tied to Global Warming
Crime and little punishment: White collar crime.
Smugglers Sell Coolant Tied to Global Warming - NYTimes.com
Smugglers Sell Coolant Tied to Global Warming - NYTimes.com
Friday, September 07, 2012
China approves Rmb1tn infrastructure spend
2 percent of GDP. US should do a 300 billion infrastructure build.
China approves Rmb1tn infrastructure spend - FT.com
China approves Rmb1tn infrastructure spend - FT.com
Inside Bill Clinton's Epic Convention Speech
Impressive to note all the changes, mostly additions, that he made on the fly.
Inside Bill Clinton's Epic Convention Speech
Inside Bill Clinton's Epic Convention Speech
Thursday, September 06, 2012
Economists are not forecasters
This should be a commercial during all the msbc and cnbc market shows.
Greg Mankiw's Blog: A Surprising Pitchman
Greg Mankiw's Blog: A Surprising Pitchman
Wednesday, September 05, 2012
Tuesday, September 04, 2012
Japanese poverty: Who's to blame?
Noahpinion: Japanese poverty: Who's to blame?
" Every day they get up, slave away diligently and conscientiously for 8 or 10 hours at a mind-numbing menial job at pittance wages, and every night they return to sleep on the floor of tiny bare rabbit-hutch studio apartments barely larger than my bathroom. They were born well-behaving and hard-working and poor, and they will die well-behaving and hard-working and poor. "
" Every day they get up, slave away diligently and conscientiously for 8 or 10 hours at a mind-numbing menial job at pittance wages, and every night they return to sleep on the floor of tiny bare rabbit-hutch studio apartments barely larger than my bathroom. They were born well-behaving and hard-working and poor, and they will die well-behaving and hard-working and poor. "
Monday, September 03, 2012
Disappearing Daytime vs Overnight Volatility (and Why That Matters)
HFT maybe does not increase volatility?
Disappearing Daytime vs Overnight Volatility (and Why That Matters) � MarketSci Blog
Disappearing Daytime vs Overnight Volatility (and Why That Matters) � MarketSci Blog
Sunday, September 02, 2012
Financial Firms Face Subpoenas on Tax Strategy - NYTimes.com
Why two tax rates do not work. Smart lawyers will always find ways to convert ordinary income into capital gains.
Financial Firms Face Subpoenas on Tax Strategy - NYTimes.com
Financial Firms Face Subpoenas on Tax Strategy - NYTimes.com
GPS and Human Error Can Lead Drivers Astray
Don not get too reliant on GPS. Mapreading skills are important too.
GPS and Human Error Can Lead Drivers Astray - Digital Domain - NYTimes.com
GPS and Human Error Can Lead Drivers Astray - Digital Domain - NYTimes.com
U.S. Halting Program to Train Afghan Recruits - NYTimes.com
U.S. Halting Program to Train Afghan Recruits - NYTimes.com:
Still in denial to the bitter end.
" Still, the American Special Operations spokesman said that these so-called insider attacks are not seen “as a systemic problem with the” Afghan Local Police."
Still in denial to the bitter end.
" Still, the American Special Operations spokesman said that these so-called insider attacks are not seen “as a systemic problem with the” Afghan Local Police."
Saturday, September 01, 2012
The Real Mystery of Paul Ryan's Marathon Time
No mystery. He lies about everything. All the time.
The Real Mystery of Paul Ryan's Marathon Time - James Fallows - The Atlantic
The Real Mystery of Paul Ryan's Marathon Time - James Fallows - The Atlantic
Are Entitlements Corrupting Us? Yes - WSJ
No entitlements are not corrupting. It is in our national character to save for retirement.
SS and medicare are retirement plans, not transfers.
Yes. It is in our national character to take care of the poor and the sick. Unemployment insurance and medicaid are for that.
Are Entitlements Corrupting Us? Yes - WSJ.com
It's Becoming Clear That No One Actually Read Facebook's IPO Prospectus Or Mark Zuckerberg's Letter To Shareholders - Business Insider
It's Becoming Clear That No One Actually Read Facebook's IPO Prospectus Or Mark Zuckerberg's Letter To Shareholders - Business Insider:
Best quote of Zuckerberg
Simply put: we don’t build services to make money; we make money to build better services. And we think this is a good way to build something.
Best quote of Zuckerberg
Simply put: we don’t build services to make money; we make money to build better services. And we think this is a good way to build something.
Fact-Checkers Howl, but Both Sides Cling to False Ads -
Fact-Checkers Howl, but Both Sides Cling to False Ads - NYTimes.com:
Quote to the election:
“We’re not going let our campaign be dictated by fact-checkers,” Neil Newhouse, the Romney campaign’s pollster, said this week during a breakfast discussion at the Republican National Convention in Tampa, Fla.,
Quote to the election:
“We’re not going let our campaign be dictated by fact-checkers,” Neil Newhouse, the Romney campaign’s pollster, said this week during a breakfast discussion at the Republican National Convention in Tampa, Fla.,