Econ101

The Pope Has it Right

2011-12-22T21:00:00.002-08:00

This article is interesting. The Pope is reiterating something that has been obvious for years, that with 8 billion people on the planet, there no longer exist any use to humanity for trillions of dollars sloshing around the globe with nothing but a profit at all cost motive.Still, half of the links to the statement I searched had been removed...

2011-12-22T21:00:00.001-08:00

Fix The Deficit?

2011-12-22T18:44:00.000-08:00

I don't know if you ever ran across this from the New York Times on how to fix the American Government's budget problems http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html?choices=hm101bqxBut you can see by taking proposals right "off the shelf" (where many a forgotten bill resides) any "idiot" can solve the deficit. I am telling you man, the reason the dollar

Dexia and the Second Bailout: No lessons learned

2011-10-23T12:26:00.000-07:00

OK, the time has come for some real riots. I mean, after learning of Dexia recently and reading this article in the NY Times this weekend, my stomach actually hurts.This is the 2nd bailout for Dexia in 3 years and this one is the equivalent of another AIG, not only in scale but in principal, where the government IE; taxpayers, are literally being called upon not to protect their savings in a

The Pension Fund Mess and the Media's Lousy Reporting

2011-10-23T11:59:00.000-07:00

I read this article today in the NY Times. The Little State With a Big MessIt was another lousy, shallow, baseless bleed heart about a politician having to deal with bankrupt pensions... So I wrote these few words in response to the author and share here.Hello Ms. Walsh, I have read quite a number of articles about the financial mess many states, cities and municipalities are in over the past

Open Explanation: Occupy Wall Street

2011-10-15T10:36:00.000-07:00

I wrote this letter to Timothy Lavin of Bloomberg after reading this article by Amity Shlaes. It combines two recent ideas of mine in one letter to try and open a dialog on my take of the Occupy Wall Street phenomenon.Hello Timothy, As editor of the opinion column at Bloomberg I would like you to think about the Wall Street protesters from a couple angles and perhaps seek understanding of what

Worth Reading

2011-10-02T12:20:00.000-07:00

This article, posted on AlJezeera, is an excerpt from a recent essay by Noam Chomsky and is worth reading in it's entirety.The tail end of the article which applies directly to the state of politics in the US is most powerful and is quoted here:Privatising the planet While Grand Area doctrine still prevails, the capacity to implement it has declined. The peak of US power was after World War II,

OccupyWallStreet

2011-10-02T09:31:00.000-07:00

Ok, I am totally committed to the OccupyWallStreet movement in all of it's forms. I took a bus to NYC on 18 September to experience it first hand. I had to return home on the 19th but if I could right now, I would be living in Zuccotti Park. This movement is the BEST thing that has happened from a political action standpoint IN MY ENTIRE LIFE!! And I am over 40.I watched this nation

Your Data

2011-10-02T08:42:00.000-07:00

I remember when google.com launched. I ran a business and was on the road during the day. Listening to NPR I remember the intellectual elites all babbling at the mouth about this great new search engine. I tried it. It was good. I did not become a "google clone" however but stuck with my current variety of web search / email services. I remember about a year or so later when all those

What's Wrong With American Media?

2011-02-22T12:16:00.000-08:00

Here is a perfect example of the complete ignorance of America being highlighted by America's pathetic small minded ignorant corporate influenced Media. Check this out.To even insinuate that switching to energy efficient bulbs is somehow bad or a move in the wrong direction is completely insane. A "politically correct do gooder issue" is the quote from Republican Representative Joe Barton.So

The Mulit-Trillion Dollar Scam

2011-02-02T18:20:00.000-08:00

I read this article today on Marketwatch and later in the Journal about how "publicly traded" Wall Street financial companies doled out $135 Billion in compensation for 2010, over the $128 Billion in 2009. Well with nearly $2 Trillion in "non publicly traded" hedge funds and another $2 Trillion in private equity, it is safe to say the wonderful regulated and unregulated financial world scraped

A Billion Dollars

2011-01-27T19:20:00.000-08:00

I recently was asked what I would do if I had a Billion Dollars. I had to rant: