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 […]
Slate has an article on AARP designed legislation in Georgia. Under the Georgia Fair Lending Act, however, players in the secondary mortgage market could face serious liability if they so much as touched a predatory loan. The AARP, which drafted the model legislation that formed the basis for the Georgia law, explained that imposing liability […]
Pediatrics also included a short description of work done in the field on treatments for children age 4-7. Nothing earth shaking, but a reminder of who else gets scared in theater, wherever that occurs. Adler Center for Research in Child Development and Psychopathology, Department of Psychology, Tel Aviv University, Ramat Aviv, Israel OBJECTIVE. The goal […]
Hat tip to Healthy Rivers, my favorite site to follow dirty statistics, offers a new public health tracking program locally to shed light on a problem that has been mostly ignored to date. I had a close friend here in Milwaukee who got really sick this summer from swimming in the lake while sailing after […]
I have a lot of theories about what caused the long wave in interest rates. Most center on inflation, but here is another interesting chart to make you think about it. One of the key relationship is that monetary velocity is inversely related to real interest ratesand that has been true for decades — including […]
Oldvet– very good on the long run bond market. Here is another chart to put that trend in perspective. I suspect that to get back to the solid trend line it will take a Japaneses type depression scenario.
The Financial Accelerator, Revisited This was on the WSJ blog by Greg Ip and I though it was worth passing on. Fed Chairman Ben Bernanke’s newfound urgency in addressing the risk of recession can be traced in part to the insights he gleaned from his pioneering research on the financial system and the Great Depression. […]
The Guardian reports a letter signed by five notable military persons sent to their respective governments concerning preemptive nuclear attack. The risk of further [nuclear] proliferation is imminent and, with it, the danger that nuclear war fighting, albeit limited in scope, might become possible,” the authors argued in the 150-page blueprint for urgent reform of […]
An Inconvenient Truth from John Bogle via Fool.com cautions investors. In my opinion the exuberance of playing even mutual funds, much less stocks, in the grand scheme of average investors is telling. I recently came across a chart that John Bogle, founder of the Vanguard Group, posted on his blog. This blog highlighted some startling […]
A review of costs in the Pharmaceutical industry for comparison between research and ‘marketing and administration’ budgets was done for 2004. Posts on the issue have argued the point. A quick review of this source looked reasonable, but needs a more careful study. There are better minds to do this than I, but offer the […]