Since last Friday, our minds have been focused on children. Those who lost their lives in the Newtown, Conn. tragedy on Friday. Those at that school who survived. Those at schools around the country, who now seem much more vulnerable to, of all things, an assault-rifle hit, even though they don’t live in a war […]
Mish Shedlock points to this video of an automated Greek slaughter house, and opines: Automation Rules What can be automated, will. The number of things that can be automated increases every month
I rarely watch TV news shows anymore, much less cable political talk shows. (Okay, I rarely watch TV at all anymore.) But I happened to watch Chris Matthews’ Hardball tonight on MSNBC. The topic was, of course, gun control. (Actually, the lack thereof, and whether is any real chance that that might change now.) And […]
by Linda Beale Goggle’s Bermuda hideaway/HSBC’s too-big status: time to rein in the corporations! If you are a company that depends on IP for a lot of your revenue, you may be able to avoid considerable taxes by funneling profits from subsidiaries in high-tax countries into a Bermuda shell company. Google avoided about $2 billion […]
by Mike Kimel Whether you favor more gun control or less, via the less famous Roger Ailes, a story in Australian SkyNews on one of the very few things that can change the entire dynamic of the debate: Media mogul Rupert Murdoch has called on United Stateslawmakers to ban automatic weapons following the Connecticut schoolmassacre, alluding to […]
Update: There is a revised and corrected version of the model and spreadsheet here, with discussion. In a recent post I built a model with one rich person and ten poorer people to ask: does redistribution from rich to poor make us all more wealthy? The conclusion was Yes. Jump back there to see a quick rundown […]
Robert Waldmann points to Song of PI:
Dan Crawford notes Paul Krugman’s change of heart on the increasing importance of automated systems, in particular robotics: In the past discussions at Angry Bear on the impacts automation might have on our lives, and the economics involved, gathered comments such as “You are a neo luddite”. As if widespread use of automated systems was […]
by Tom aka Rusty Rustbelt Security 101 This week I visited my grandsons’ elementary school four times, three times through the front door and once through a side door. I immediately had the run of the entire building if I so desired. The only line of defense was the receptionist, who gave me a wave because […]
The ever hopeful infinitely patient Ezra Klein attempts to find good Republican proposals for health care cost control. He notes that the Congressional leadership’s proposal to raise the Medicare eligibility age would increase total health care spending and sins grievously against Ballance writing “But an increase in the eligibility age would be a trophy that […]