INTRODUCTION 1) Rethug Speaker of the House John Boehner says that as a nation, “we’re broke“; Rethug presidential candidate Ron Paul claims America “should declare bankruptcy.”  I say these two are liars, and at least one of them is crazy. 2) Tyler Cowan says “we are poorer than we think we are,” due to mis-measurement […]

I was going to write something about Reed Hastings’s inane email, but Wired covered the main point, even if they did bury the lede: However, it’s impossible to see how the split itself benefits customers. The price and plan changes that flustered many of them months ago remain in place, but the company now directs […]

The NYT makes note of the US chamber of Commerce and litigation: The chamber now files briefs in most major business cases. The side it supported in the last term won 13 of 16 cases. Six of those were decided with a majority vote of five justices, and five of those decisions favored the chamber’s […]

The question: How much was credit being funneled away from all other sectors in the economy? The answer: Very little if any. Neither the general consumer lending: nor the specific Real Estate lending: appears to run in a different direction that Business Loans, except possibly, in the latter case, in late 2003 and early 2004. […]

by divorced one like Bush Time for an update on real world business. I posted back in 12/08 about the costs of a flower shop being in a wire service. The costs should matter, as it is what happens when one buys on line from a non-real florist. It is also a lesson as to […]

Via Dr. Black, those RBC models may be missing a variable or two: In April, the rate in the United States rose to 8.9 percent. When the European figures are compiled, it seems likely that the American rate will be higher for the first time since Eurostat began compiling the numbers in 1993…. First, it […]

Just a little break from the usual. Did you know you can pay your taxes easier in Iraq than in the US? I stumbled across this today. It is the World Bank page on Doing Business. It ranks 178 countries on 10 topics. You can resort the order depending on 3 different settings. When you […]