…a Clarence Thomas problem, or a John Roberts problem—but it also isn’t even a Senate-Dems-who-can’t-muster-the-energy-to-close-the-deal problem. No, I have come to conclude that this is an us problem. Because rather…

…there is a column equating to ‘Income – Cost’ which is labeled ‘Net increase during the Year’. Now the Trustees don’t label this as ‘Surplus’ but there is little doubt…

…Dale Coberly’s numbers for 2013 Northwest Plan with three calculated columns added by me. Those are the three with “Cost-Non Interest Income” as part or all of their label. Which…

…News and Media article. It is no secret or exaggeration to say guns (or bullet-spewing-weapons [my label]) are responsible for the loss of thousands of lives yearly. The loss has…

…1980s, Marilyn Moon: “I don’t have a problem with AARP endorsing travel packages. But when AARP lobbies on Medicare issues while profiting off partnerships with those who are marketing to…

…analysis of the patient’s problem leading to advice leading to actions that have exacerbated the patient’s internal conflict. Fire the marriage counselors, they are the wrong profession for your problem….

…be an principal-agent problem, where the individuals approving the loans make out well, while the companies they work for (and their shareholders, and taxpayers) take the hit. Cross-posted at Asymptosis….

…shareholders’ interests. I can think of an explanation based on principal/agent problems for why firms would advertise more than the shareholder value maximizing amount. It is more fun to be…

…the administrative costs of bankruptcy. Partly it reflects a principal agent model as the CEO of a firm can’t hedge his or her exposure to the risk of bankruptcy by…

…principal agent problem and does a little tiny bit to solve it. Advantage 2 is really a cost. The eggplant wedding cake analogy is excellent (although a student of Larry…