by rdan In April, the Pentagon split its largest military contract in Iraq – formerly belonging to the Houston-based corporation KBR, Inc. – among companies Fluor and DynCorp, in addition to KBR. A fourth company, the British-American service provider Serco, is responsible for managing and overseeing the other three, according to its contract, signed last […]
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 […]
Andrew Biggs notes that the Technical Panel of the SSAB (Social Security Advisory Board) has released its Report on Assumptions and Methods. I am only a few pages into the 82 page Report but my initial response is that this is a very important deal. These people do seem to be actual independent observers fully […]
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 Spencer With the jump in the unemployment rate today the old line that increases in the minimum wage causes teenage unemployment to rise is being tossed about.. So look at the record. We have a long record to compare the teenage unemployment rate and the minimum wage. If you look at the two series […]