I want to talk about something of which I know nothing: Wireless Internet Access. We spent the weekend in pgl-land (NYC), at a friend’s apartment. Since he’s a rather prominent computer graphics designer, I assumed, incorrectly, that he would have some form of Internet access at home.* So I did what I always do: opened […]
This figure shows in graphic form the outcomes of Intermediate Cost (II) vs High Cost (III) vs Low Cost (I) Outcome II shows the standard narrative. A Trust Fund Ratio rising to a peak in 2017 then a more or less rapid falloff to zero as the first the interest is tapped and then the […]
Tom’s doing some heavy lifting, PGL is in form, Bruce has started SocSec 101, and the entire economics blogsphere is having so many conniptions over Hillary that you’d think the CEA was actually the Shadow Government. So I just want start easy, and take a look at three easy-to-compare data points:First, the Federal Funds target […]
The Boston Herald reports: BAGHDAD – Forget rocket attacks, concrete blast walls and no sewer system and try picturing luxury hotels, a shopping center and even condos in the heart of Baghdad. It’s all part of an ambitious five-year development “dream list” to transform the U.S.-protected Green Zone from a walled fortress into a gleaming […]
The church currently leases space in the steeple for the antennas of two wireless phone companies, AT&T and T-Mobile. The rent from these leases currently provides almost $70,000 of annual income to the church. Up until last year, the church leased space to three wireless companies. Because of industry consolidation, we lost one of these […]
Well Reader Dan invited me to submit some posts on Social Security and so here I am. Depending on reader interest this is the first in a series trying to get us to a deeper understanding of what Social Security actually is and where it is likely heading. And that may be a much different […]
How to use Your IRS Rebate check…As you may have heard, each of us will be getting a tax rebate check to stimulate the economy.If we spend that money at Wal-Mart, all the money will go to China . If we spend it on gasoline it will go to the Arabs. If we purchase a computer it will […]
k harris comment lifted directly from comments cactus style: Moody’s has cut Fannies financial strength rating to B from B+, but affirmed its debt rating at Aaa. Rationale? Fannie is at considerable risk of needing help in avoiding default, but the help is going to come, just going to, so that the risk of actual […]
Ilsm writes: One of the repeated objectives of the highest managers of the military industrial complex is: “Reliable and cost effective industrial capabilities sufficient to meet strategic objectives”. Former DoD management objectives had the “health” of the defense industry as a goal. Political appointees, summer help that they are, refer to the military industrial complex […]
Market Watch reports important news on needing more liquidity. Probably worth several posts. Hat tip to stormy. The Federal Reserve, along with other central banks, said Friday that it was increasing the funding it is providing to banks and announced that, for the first time, it was willing to accept bonds backed by auto loans […]