by Run75411 Healthcare Reform; Socialism or Fascism? Whole Foods CEO John Mackey in 2009 originally called President Obama’s healthcare plan a form of Socialism while writing an op-ed for the Wall Street Journal: “The problem with socialism is that eventually you run out of other people’s money.” Margaret Thatcher” and added to Thatcher’s statement: “While […]
by Mike Kimel Wrong v. Mark Steyn Wrong Every so often I come across one or another columnist or tv personality making some Steyn’s latest! ( Mark Steyn ) If you had buttonholed me in the Senate men’s room circa 2003 and told me that a decade hence Joe Biden would be America’s vice president, John Kerry secretary […]
Robert muses some more. Lifted from his Stochastic Thoughts. Via Steve Benen the folks who’ll appear on the panel about “successful communication with minorities and women,” and the criticism here seems far more reasonable. [The session will have] a female moderator (Rachel Campos-Duffy), a female consultant (Ana Navarro), a female congressman (Rep. Jaime Herrera Buetler), […]
Jon Ogden at Switch Your Bank offers a graphic picture of too big to fail. Lifted from an e-mail response to me…: The units on the left axis are total assets in billions. So, yes, the total domestic assets of these 4 US megabanks grew from nearly $4.5T in 2007 to nearly $6T in 2012, […]
Yves Smith discusses New Ruling on Mortgage Putbacks a Potential Huge Win for Banks Even though, for most people, the housing crisis is a thing of the past, the fight over who should bear the cost of sloppy and openly fraudulent mortgage origination and securities sales continues to grind through the courts. We’ve written now […]
Barry Ritholz offers a chart on “the who is debating” climate change. Personally I am amazed how in December, after Hurricane Sandy, the media reporting seemed to confirm climate change was real and a given fact…after reporting the ‘debate’ so glibly prior to December.
“Build it anyway, and some of them may come” probably won’t sell bonds and loan programs to voters. If you build it they might not come But if the city and its residents are desperate to keep the Coyotes in town, they have to understand that doing so comes at a cost that likely won’t […]
Paul Krugman is Wrong about the Rise of the Robots http://econfuture.wordpress.com/2013/01/18/paul-krugman-is-wrong-about-the-rise-of-the-robots/ Paul Krugman has recently taken a keen interest in the rise of robots and automation — an issue that I have been focusing on since the publication of my book on this subject back in 2009. In a recent post, Krugman says the […]
From The Guardian comes this news: Marcia McNutt, who last week announced her resignation as director of the US Geological Survey, told a conference that Sandy had left coastal communities dangerously exposed to future storms of any size. “Superstorm Sandy was a threshold for the north-east and we have already crossed it,” McNutt told the […]