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

Oil and oil addictions

The Economist poses some conjectures for oil and Iraq: …Things may be changing. Iraq’s deputy prime minister, Barham Salih, said in April that Iraq’s total reserves, could be as high as 350bn barrels, triple the 115bn that has been its officially stated level for many years. The figure is aspirational and should be treated carefully […]

Neurologica blog

Neurologica blog is a link stolen from Afferent Inputs original site. Way cool and thoughtful. Thanks. No royalties being forwarded.

A Quick One on Externalities of Foreign Trade

I won’t pretend this is part of the Vladimir Masch discussion, or one of the traditional thorough-analysis Angry Bear posts. Just a data point on which we may need to work later, and a report that will be of interest to many who read here. UPDATE: As rdan notes in comments, this “links to testing […]

Soc Sec XIV: Why benefit cuts and cap increases backfire

I know I promised to back off the pace but yesterday’s comment thread got temporarily derailed before the point could be made. In yesterday’s post I highlighted the cash flow in and out of the General Fund to redeem the Trust Fund ‘Crisis’ at Shortfall in an effort to show that in inflation adjusted dollars […]

Singapore and healthcare

Reader Whatever sends along an article on the health system in Singapore written in The American: The People’s Action Party has ruled Singapore since the British left, and is led today by Prime Minister Lee Hsien Loong, the son of founder Lee Kuan Yew. It calls the health system it has put in place the […]

Soc Sec XIII: ‘Crisis’ at Shortfall; or Show me the Money

Social Security ‘crisis’ is normally discussed in terms of Trust Fund Depletion. But given that this event has been pushed back to at least 2041 and boils down to a benefit in real terms 25% better than the one my Mom gets today (78% of 160% = 125%), and that some awareness of this leaked […]

Reader FS and the farm bill

Lifted from comments cactus style, Reader FS fills in some of the info on the farm bill: Here are CBO figures on the new farm bill. Total expenditures, 2008 through 2012: $301.382 Billion (B), or about $60 billion per year. CBO computes changes in expenditures relative to its March 2008 budget baseline. The total changes […]

First telecoms collect, now credit card companies for government use

Because we can? In an effort to track down unreported small business income, the U.S. Treasury is calling on Congress to create a sweeping new program that would require all credit card companies to report the income of all merchants to the Internal Revenue Service. The proposal, raised in President Bush’s FY2009 budget, would require […]