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

Follow up Army navy air force Marines Budget

by ilsm This week I expand upon my response to 2Slugbaits’ comments to the excellent post Army navy air force Marines Budget; Peace in our Timesby Robert Waldmann.2Slugbaits’ comment revolves around the fact that the Army, a situation common to the other services, is in a contractor trap. The result is despite spending huge, budget […]

Weird Tom Disch Connection

Today at Readercon, my wife participated on a Necrology panel. (“Those we’ve lost this year…”) An audience member mentioned that Tom Disch wrote an episode of Miami Vice, featuring James Brown. Also appearing was Chris Rock, four years before New Jack City made him a movie star. Anyone who can tell me about the episode? […]

In Which I Say Something Nice about Globalization

It’s still not “free trade” in a sense anyone but the self-delusional Greg Mankiw could describe it, but there are some gains accruing to China. As the Chinese economy moves from agriculture to producing more goods and services, two things have happened. Energy demand has gone up: And people have been able to afford services […]

Education Spending

It is very interesting to go to conservative and/or libertarian blogs and encounter the comments on public education. So often you run across the statements about how the cost of education is rising and that they take some quote about rising real cost as absolute proof of their beliefs that politicians and the teachers unions […]

29 years ago, this man said:

Hat tip to The Tiny Revolution CARTER: Point one: I am tonight setting a clear goal for the energy policy of the United States. Beginning this moment, this nation will never use more foreign oil than we did in 1977 — never… Point two: To ensure that we meet these targets, I will use my […]

Value of a Human Life

Here at Angry Bear we regularly report on the poor economic performance of the economy under the Bush administration. But it now looks like we have a first. The Environmental Protection Agency has lowered its estimate of the the statistical value of a human life from about $8.04 million to $7.22 million, about an 11% […]

Soc Sec XXXIII: Medicare Finance

I don’t claim to have studied Medicare in depth. They send me the Reports in the same envelope with the Social Security Reports and I browse through them, but that is pretty much it. So this post is more of a call for people more informed on aspects of Medicare to chip in. But I […]

Withdrawal from Iraq in the cards?

Maliki agrees with 16 month Obama plan. Any context to add? And this means what in terms of numbers (is down to 50,000 troops enough?), air bases maintained of the main four to six, the embassy maintained as built? Any reporters want to fantasize or link?