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

Value of the Chrysler Building and California Property Taxes

Value of the Chrysler Building and California Property Taxes The big news in New York City is that the Chrysler Building is for sale: New York City’s iconic Chrysler Building has appeared in dozens of movies and remained an Art Deco jewel of the Manhattan skyline for decades. Now, the 89-year-old skyscraper can be yours. Located on […]

More News

A National Emergency Believe It or Not Version, The Hill, Republican Congressional Representative Andy Bigg It is hard to believe someone would write this stuff with any degree of being serious. This is why it should be reprinted as this Representative is an idiot. “In this time of stasis in Congress and a national security […]

The Ethics of Clinical Trials

In a clinical trial the therapy is decided by a pseudo random number generator. How can this be ethical ? People are treated differently for no reason related to different interests different values and priorities or even different merit (assuming merit can differ). There is a utilitarian rational for clinical trials. Through such trials doctors […]

Slavery in the US

Slavery in the US An issue so far not openly addressed in this “Partial Shutdown” situation is that those who have been deemed to be “essential,” are now working without pay, even though we all believe that they will eventually receive their overdue backpay. I really do not know the law that says that these […]

Weekly Indicators for January 6 – 10 at Seeking Alpha

by New Deal democrat Weekly Indicators for January 6 – 10 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Recent gyrations have changed both the short and long term forecast. Once again, it shows that the biggest problem is that most forecasters simply project existing trends forward. As usual, reading the article […]

A Facebook Experiment

Solid social science on the opinion pages (needless to say news reporters consider interest in randomized controlled experiments to be opinion. Christian Caryl explains how it is possible to determine the effect of the Russian influence campaign on the 2016 presidential election. Sinan Aral, a professor at the Massachusetts Institute of Technology [skip] says he […]

PBS NewsHour “Then” Edition with Kevin Hassett

Kevin Hassett (chairman of the White House Council of Economic Advisers) talking to PBS NewsHour: “Federal workers who are without pay as the government shutdown drags on actually have it pretty good. A huge share of government workers were gonna to take vacation days, say, between Christmas and New Year’s. And then we have a […]

How did they get so rich ?

I hope and trust that this will be an amusing display of my ignorance. I don’t hope to reach David Graeber’s level David Graeber: Apple Computers is a famous example: it was founded by (mostly Republican) computer engineers who broke from IBM in Silicon Valley in the 1980s, forming little democratic circles of twenty to […]

The Buffett Buffer

This is an almost semi serious proposal suggesting payday lenders could get good publicity. There are many entities with plenty of spare cash. The US Treasury isn’t one of them. I think that the good publicity gained by offering zero interest loans to unpaid federal employees is worth the cost. They are good credit risks […]