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

Black Friday sales watch

Black Friday sales information Black Friday official sales site We shall see if the sales, specials, and earlier advertising make a difference with the sentiments of consumers and the shorter season. I am looking for a good deal on a GPS for Mrs. rdan. Any suggestions? Update: Friday report on retail for October

SRM sues WSJ

Financial Times carries this little note on one hedge fund. SRM Global, the hedge fund run by the former star UBS trader Jon Wood, is suing The Wall Street Journal for publishing allegedly confidential information about its performance, setting up a high-stakes battle over the industry’s transparency. SRM claims the newspaper acted in “flagrant disregard” […]

Wampanoag

The Wampanoag also need remembering today, with care and humbleness, as part of our history and who we are. Can we handle both ideas of Thanksgiving simultaneously? Both the gift and the sacrifice?

How To Bail Out the Economy – A Less Wrong Way

by cactus How To Bail Out the Economy – A Less Wrong Way Regular readers know I’ve had post after post explaining why a bail-out would be a bad idea and would not work, dating to long before the bail-out began. I predicted that the end result would be the further enrichment of some of […]

$7.7 trillion

Bloomberg does the numbers with details, and then we must add Citi’s $304 billion. Total of promises to date is 7.7 $trillion.

The Bail-Out Will Not Work

by cactus Let Me State Again: The Bail-Out Will Not Work, It Cannot Work I’m on vacation, and I check the news and Angry Bear and I find this crazy bail-out is growing like mad just in the last few days. I had a post at the start of this thing that the bail-out wasn’t […]

Health care in MA is out of balance

The Boston Globe reports: Call it the ‘Partners Effect:’Elite hospitals are paid much more for care that is often no better than average. It is the best kept secret in Massachusetts medicine.…Behind the rankingsTo walk the gleaming corridors of Partners’ flagship hospitals is to tour a Hippocratic Hall of Fame: Dr. William Morton first demonstrated […]

This Gallup poll on perceptions on who is ethical by job category

rdan This Gallup poll rates nurses as the most ethical. Of course bankers have taken a hit to new new low for this series. Labor Union leaders best business execs, car salesmen, and congress. I suppose one could play with perceptions, but it is fun for liberals playing with a two edged sword. Voters are […]

Lawrence Summer says:

rdan Big Think has a video clip on Lawrence Summers and the current crisis. Note that home loans becomes the center of the storm. Of course, understanding value by the “market” is a key in my opinion, and gets to be harder the further from “cash” we go.