Kevin Drum incidentally mentioned the Nov 1940 collapse of ‘Galloping Gertie’, otherwise known as the Tacoma Narrows Bridge, in a post about a new technique about generating electricity from river or ocean currents. Which led me to pull up some footage and figure out how to embed it. (No it is not hard. But Old […]
UPDATE: For those who read here and not at CR, a link for Donations. We knew she was home with her family, but it was over the U.S. Thanksgiving holiday… Calculated Risk: Sad News: Tanta Passes Away: My dear friend and co-blogger Doris “Tanta” Dungey passed away early this morning. I would like to express […]
In memoriam for Tanta . CR says it best. Tanta offered humor as well as wisdom in her posts she shared with us. She is in my prayers. Dan
by cactus Inflation, Deflation… Where The Heck Are We Going? Some folks are telling we are going to have deflation, what with the economy contracting and the vast disappearance of tons of cash through the implosion in value of assets that weren’t really worth what Goldman, Welfare, Queen & Sachs and the rest of ’em […]
rdan hat tip Tim Schilling
a whittle by ilsm National Security pork! I came across this at a National Security blog: In this case congress is directing that Air Force buy long lead parts to build 20 more F-22 than defense wants. Certainly the fighter mob in Air Force wants more toys, and the industry wants more revenue. This sets […]
rdan I have no idea how this transfer would be done if the funding happens for high mileage gpm and alternative fueled cars ($25 billion), or if it is accurate as an idea. Not having read the bill I would not know if money is restricted to the US. It does make sense to fund […]
By Robert Waldmann Felix Salmon explains how to make a synthetic bond. you buy a synthetic IBM five-year bond instead, taking advantage of the much more liquid CDS market. Essentially, you take the $100 million that you were going to spend on IBM bonds, and you put it into a special-purpose entity called, say, Fred. […]
rdan Financial Times shows us that One day after announcing strict limits on salaries and bonuses for its top tier of executives, AIG revealed that some of those executives will receive millions in “retention bonuses” next year.Inflatable Tiger Tunnel bady In a regulatory filing on Wednesday, the insurance group disclosed that Jay Wintrob, an executive […]
rdan Here is a look at the history of limiting paychecks after a bailout…not such a promising outlook for those wanting to do so. Tax History Project Too Much: The Historical Link Between Bailouts and Pay CapsDate: Oct. 6, 2008 Full Text Published by Tax AnalystsTM by Joseph J. Thorndike Complaints about outsized executive pay […]