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

Nationalizing appeared possible in a bipartisan way

Avedon Carol in The Sideshow guides us to this item: America’s Largest RN Organization Says: If We Can Nationalize Banks, Why Not Healthcare? […]” Consider that on the same day our government moved to take over collapsing banks, the U.S. Census Bureau released data that 16 percent of Americans under 65 are uninsured, and in […]

Need to talk in more meaningful terms

Lifted from comments from Tax cuts for rich….Movie Guy says: I’ll skip the usual political commentary and comparison of supposed high office politician “plans” and focus on what is really happening based on my understanding. The events of the past thirty days or so have resulted in significant withdrawals from the stock market including massive […]

White House not slowed down by disaster in financials

Steve Benen at The Washington Monthly points to a WSJ article that cautions us: THE ULTIMATE BUSH LEGACY FOR BIG BUSINESS…. Bush’s presidency may be winding down, but he’s not quite done with his conservative domestic agenda. Bush administration officials, in their last weeks in office, are pushing to rewrite a wide array of federal […]

"Welfare Queen"

by cactus Some thoughts on the bail-out: 1. Goldman’s market cap is about 50 billion. The gubmint is gonna buy $10 billion worth of (non-dilutive, non-voting) shares, for which it gets essentially, well, nothing. Nothing at all. Goldman will go about its business. So… Goldman is getting an infusion equal to 20% of its worth, […]

Information cascade and decision making structure

by noni mausa Lifted from comments at Economist’s View on a post about information cascades (following the crowd…when does the crowd start?): I participated in a classroom project modeling the allocation of funds to community projects by a “city council” of students. There were five or six groups of us, and at the end of […]

Mc Cain sinks the Dow!

by Divorced one like Bush Concerned about the cause of the Dow? Not to fear. Many have been working on it such as Glenn Greenwald.The market does not like someone who is not like them so goes the Mc Cain clan. It is possible, but then Glenn asks for proof and finds an economist of […]

Krugman’s Nobel

by cactus There seems to be a fair amount of anger in some corners about Krugman’s Nobel. A few thoughts about the complaints: 1. Kary Mullis believes in astrology. William Shockley was certain that black people were inherently mentally inferior to white people. Mullis received a Nobel Prize in Chemistry for developing Polymerase Chain Reaction […]

The weight of a snowflake

by reader noni mausa Vote. I was taught, by example, how to vote. My parents got up in themorning and dressed as though for church. The day was somehow quieterthan other days, even in a household with five kids. We drove to the polling site and while one parent went in to vote, theother would […]

Review of Palin and tax return issue

by reader rollomotasi, lifted from comments with slight corrections for readability and links: I’ve been following the Tax Prof on Palin’s tax problems (they are indeed problems), and theataxingmatter site boils down the key issues very well, getting the “tax home” issue as close to right as I’ve seen with her point 1., and her […]