Relevant and even prescient commentary on news, politics and the economy.

First-Reaction Thoughts About Hobby Lobby and Harris v. Quinn

I haven’t read the opinions, concurrence, or dissents in either Hobby Lobby or Harris v. Quinn, so these comments are based on news summaries and quick commentaries by others.  But the biggest surprise in Hobby Lobby, I think, is the express approval, in the opinion and in Kennedy’s concurrence, of HHS’s on-the-fly setup devised in […]

Polarized Politics Led To Cantor’s Defeat– and Cochran’s Victory. Why the “Uncommitted Center” Is So Important (Cantor part 2)

Part 1; Cantor’s Defeat and What It Does Not Mean When House Majority leader Eric Cantor lost his seat to ultra-conservative David Brat, the Washington Post’s Ruth Marcus summed up the majority view among political pundits: “The episode offers a disturbing commentary about the poisonous, polarized state of American politics.”  I cannot agree. I don’t […]

Le Show!

From Naked Capitalism: Catch Us on Harry Shearer’s Le Show Today Posted on June 29, 2014 by Yves Smith Harry Shearer and I about private equity and the Wikileaks TISA bombshell starting at 1 PM on Sunday. Stations which stream Le Show all day Sunday are listed at publicradiofan.com. Hope you can tune in!

Shaken, Not Stirred: The Supreme neo-Framers (likely) will continue their perversion of the First Amendment speech clause tomorrow.

In an email this morning, Bill H asked me whether I know much about a case called Harris v. Quinn, in which the Supreme Court will announce the likely 5-4 majority’s ruling tomorrow.  I responded: I know LOADS about it, Bill, and wrote about it–and about a bizarre comment by Alito during the argument on the […]

Just In Passing – Sunday Morning

The Absurd Dr. “Chaps” Gordon Klingenschmitt is the Republican nominee for State Rep in Colorado Springs HD15. What qualifies him as a candidate in the Colorado State House? “‘Chaps’ as they call him, has a long history as a disgraced former Navy Chaplain who brags about having successfully performed an exorcism on a lesbian soldier […]

Consumption Wealth ratios and Stock Market Returns II

I finally did a bit of empirical work related to Consumption/Wealth as a leading indicator (see older post). I am reflecting on “consumers – in aggregate – have genuine foresight; this is why consumption-wealth ratios help predict equity returns.” I think I won’t restate exactly whom I am quoting. My thoughts were that the variable […]

Nassim Taleb: Two Myths About Rivalry, Scarcity, Competition, and Cooperation

I’m delighted to find that someone with the necessary statistical chops has answered a question I’ve been asking for a while: Have any of the 130+ evolution scientists who’ve savaged Wilson and Nowak’s Eusociality paper (and Wilson’s Social Conquest of Earth) gone deep into the maths of their model (laid out in their technical appendix)? I check […]