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

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Insanity in the White House

…what Ira Magaziner did and do the opposite) was letting Baucus add universality. Removing it would be a huge slap in the face of Baucus, Ignani (head health insurance industry

What is competition?

…has used this measure along with a concentration ratio of an industry as an indicator of the relative size of firms in relation to the industry as a whole in…

Suspend Mark-to-Market?

…is a unique industry. Unlike virtually any other industry on earth, banks deal in a product that never goes out of style – money. As long as a bank maintains…

Who is fungible and who is not?

…contractors will vote on a walkout on Monday morning in solidarity with oil industry contractors in Lincolnshire which is at the heart of the dispute after around 300 new jobs…

A Few Questions About Taxes

…ones that do the most for the economy and create the most jobs Question 1: What industry would you suppose the folks who benefited the most from cuts in the…

Buffet begins pull out of bank insurance

…blow to the financial-services industry as it tries to assuage anxious customers. The subsidiary, Kansas Bankers Surety Co., is notifying about 1,500 banks in more than 30 states that it…

New place, new stories

…I’m not getting back. Which got me to thinking about deregulation in the phone industry. Its been twelve years since the 1996 Telecom Act. I remember how it used to…

Knowledge based funding approach

…the report about the need to have more knowledge of what is required and more knowledge of what the industry can do. Neither of which are coming any time soon….

Minimum Wage and the Supply Curve

…$8.00 for someone to bus dishes. What he did not know is that the Massachusetts tourist industry is suffering from a labor shortage this summer because the usual supply of…