by rdan Forbes reports: In total, the global 2000 companies now account for $30 trillion in revenues, $2.4 trillion in profits, $119 trillion in assets and $39 trillion in market value. Around the world, 72 million people work for these companies.…The U.S. still dominates this list of global giants, but with 61 fewer entries than […]
by reader ilsm B-2 Spirit Bomber Totaled. The phone rang in the pentagon. The Air Force general on the line called home to tell Dad he wrecked one of his shiny new toys. Last Feb on Guam a B-2, which flies by wire. controlled by software, pitched up without input from the flight controls, drag […]
Reader Sammy sends this opinion piece on Hillary Clinton’s primary race. Peggy Noonan in the WSJ offers a thanks on Clinton: But this I believe is the truth: America dodged a bullet. That was the other meaning of the culminating events of this week.Mrs. Clinton would have been a disaster as president. Mr. Obama may […]
by Reader Arne (lifted from comments) TJ asks “Either Retirement Security is a societal imperative …”An interesting proposition, but has little to do with SS. Consider a cohort of 65 year old guys just reaching retirement. To simplify the math, assume they all need the same amount to live on. In the absence of SS, […]
more cat pictures The econ as science was a success as an open thread and blossomed into a great discussion. Now, we at Angry Bear have been accused of hyper partisnship and perhaps being an echo chamber. Can that be differentiated from an identified strong point of view? Bias will always be present in a […]
The video was too annoying. The last open thread on economics as science opened a wonderful discussion. Hope for another one.
by rdan The Financial Times poses a few questions with this article: Accounting changes could force US banks to take thousands of billions of dollars back on to their balance sheets in the coming months in a move that is likely to curb further their lending and could push them into new capital raisings, analysts […]
by ilsm Ilsm writes another post on whittling the beak: The next few weeks I am going through GAO 08-621T and 08-572T. The T is for testimony.. In the Testimony: a survey of “52 of DoD’s Major Weapon Systems” revealed an “average of 45% of the staff are individuals outside of DoD” or contractors. The […]
by Noni Mausa I was listening to an interesting debate tonight before an audience of Canadians on the CBC radio show “Ideas” which discussed which president, R or D, would give rise to a safer world. Link here: (http://www.munkdebates.com/) The first speaker, Charles Krauthammer, lost me in the first minute or two with this stunning […]
by robertdfeinman Non-Adiabatic Economics by robertdfeinman, continuing the discussion of economics as a science from here and here. Most economic theories assume that the system under consideration is stable or is, at least, tending toward a stable state. I’m going to make an analogy with thermodynamics. The situation I have in mind is one of […]