…models of this sort by the late Richard Goodwin, who had a Marx-influenced predatory model of class struggle cyclical fluctuations. Their early models were labeled as Kynes-Wicksell-Goodwin (KWG) models. But…

…funny and so true. The state of Ohio supreme court . . . And regarding the food item’s being called a “boneless wing,” it is common sense that that label…

…length of this post on Angry Bear. Anyway, have a good one and keep in touch. Healthcare Millions of children are at risk of losing Medicaid coverage starting in April,…

…risk from insurance companies and public programs like Medicare to health care providers. The risk is shifted by establishing a fee to pay providers a “set fee” per patient per…

…risk from insurance companies and public programs like Medicare onto health care providers. Risk is shifted by paying providers a set fee per patient per year (usually called “capitation”) rather…

…single economic “family” and hence cannot achieve risk-shift or risk-diversification. Although courts were hesitant to adopt this theory, it does seem to capture the essence of the affiliate reinsurance problem….

…short term bonds plus a risk premium. Here the risk is not default risk but the risk of mark to market losses over a short horizon due to higher than…

…gallons was only oil. But, it was not. Can you relate the need to do such a simple calculation to the concept of risk? “Yeah, there’s a risk” you may…

…investment brokers) as the only way to earn fat fees 8. Mortgage broker fraud. 9. Explosive growth of credit derivatives magnified and hid risk. 10. Overreliance on risk models (VaR,…

…volatility in financial markets by making some of the risk tolerance that was otherwise soaked up bearing duration risk free to bear other kinds of risk. That is what it…