Housing Bubble revisited Saturday, December 11, 2004Housing Bubble, RevisitedAfter reading Kash’s first housing post, I read the paper he cited, “Are Home Prices the Next Bubble?” (FRBNY Economic Policy Review, Dec 2004). While there is a lot to chew on, I share Kash’s skepticism. In particular, the authors rely heavily on quality adjusted housing prices […]
The GAO has a report on quality control of high risk devices (pacemakers for example) for US manufactured and foriegn made. The report also mentions dilemmas faced in drug manufacture from another report done last November on the issue of quality control for all drug manufacturing. A simple adage to remember is that “the quality […]
…in the course of responding to a linked Fallows piece in theAtlantic in comments at Ezra’s I ran across a very intriguing chartfrom Treasury Fallows was putting out the standard line: We buy toys from China,China turns around and finances our deficit, ultimate end resulttrainwreck. Well oddly enough the numbers don’t support that at leastfor […]
Paul Craig Roberts [former US Assistant Secretary of the Treasury; co-author (with Lawrence Stratton) of The Tyranny of Good Intentions]: writes The only case the DOJ was able to manufacture against Padilla was that he was a “terrorist-wannabe.” Padilla was thus indicted on the Benthamite grounds that he might commit a terrorist act in the […]
Hi folks. I have the basic shell and template set up for AB, including our colors. I have the beginning link categories, a link in each, and the start of putting in more widgets. The corners will be fixed at the end of the process. There are “mistakes” in that I was inserting data to […]
The Tax Foundation breaks down data as to who does not pay federal income taxes. I suggest that those who skim the surface of statistics about who pays not assume their point is made and a moral laid on the table by simply quoting 1% pays X. Age: While the zero-tax tax filers tend to […]
The New England Journal of Medicine provides a look at the future of generics here: Today, generic drugs account for 63% of all U.S. prescriptions for drugs (see Figure 1). Since generic drugs sell at substantially lower prices than their brand-name counterparts, they save consumers and purchasers of prescription drugs tens of billions of dollars […]
The foreclosure crisis for some cities like Cleveland is a tsunami of 16,000 homes. Some communities have a foreclosed house or two on every block. There a lot of links to other cities as well if you google. What I see that has not been discussed is what happens when the problem becomes large enough […]
The OODA Loop is described in short at the link. OODA Loop Theory [OODA is an acronym that stands for a rapid, repeated cycle of Orient, Observe, Decide, Act.] Go and read about the OODA Loop, and come to understand how he applied it to high-speed aerial combat, and then how he applied it to […]
The American Constitutional Society has published a white paper about real action versus professed belief of administrative fiat. Transparency is not part of either. The Bush Administration has been quietly waging a campaign to dramatically reconfigure American tort law by claiming that routine regulatory action taken by federal agencies has the effect of preempting state […]