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

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Enlightenment: You and Me and China make Three

…time of the Chinese thinking of life. He seems to have asked: What is their heritage and how does it inform us as to their future? The conclusion: China needs…

Pharma research versus ‘admin/marketing’ costs

…and colleagues put it, the image of life-saving “researchers in white coats” was now contested by the one of greedy “reps in cars” [2]. The outcome of the struggle over…

Opus 1, Second movement: On taxation

…and redistribution as the morality applies to life. One concerns our relationships to each other as individuals exclusive of money. It is nature. It is the place for law. The…

Torture legalities have to be open

Elizabeth De la Vega weighs in as a former prosecutor on the torture issue arguments for real life law as practiced by the DOJ. It is worth thinking about. Current…

More on Income and saving the rustbelt

…from the start of the top 10%. I thus question what are we talking when we talk “middle America”? Is it based simply on an income number at the peak

Cheney Sanctioned Torture is not a Movie

…real life is a very decent person. And portraying what might happen in real life in a television show or in a movie does not mean one condones the activity….

Robert Samuelson on the Wealth Effect and Consumption

…before the housing bonanza, there was the stock boom. From year-end 1985 to year-end 1999—just before the market peaked—the value of households’ stocks and mutual funds grew from $1.4 trillion…

Thinking Short Term

There is a basic guideline for financing a purchase; the term of the financing should match the useful life of the acquired product or service. Of course money is fungible,…

An Amazing Story

…the multitude of statistics that I encountered that illustrate just how dramatically life has tangibly improved for hundreds of millions of people in China over the past decade or two….