Here’s a more informative and properly proportional chart on the current downturn vs. others in the US. compare and contrast with this one: Notice that the former one includes a number of additional recessions, and uses percentages instead of absolute… Read moreanother perspective on the ‘chart of doom’
In almost all cases, I fall into the set of people who say ‘governments are incompetent agencies, filled with self-aggrandizing politicians and misanthropic bureaucrats who are just as corruptible and venal as any businessman. The only difference is that the… Read moreDo nothing?
Chief Statistical Officer (aka ‘The Black Swan’) – a new C-level position at larger organizations – the person in charge of pointing out all the different ways that companies can royally and truly screw themselves by not considering and preparing… Read moreIdea of the day – Chief Statistical Officer
Richard Posner (respected judge, and a man of which Lawrence Lessig says ‘There isn’t a federal judge I respect more, both as a judge and person’) and Gary Becker (nobel prize winning economist) both come out against pay caps for… Read moreBring the pain
This is going to be a bit geeky. I see a lot of praise on the left for the social safety net in Europe. And criticisms of ours “It’s better than it was, but not nearly as good as theirs”…. Read moreThe hidden cost of social safety nets
*Update* – added a cite for a press release about increasing home sales. I am struggling a bit, with all the bad news of late. Note – it is clear to me that the media is not “in the tank”… Read moreThe preposterousness of hope
Brad Feld talks about the Australian Open, and discusses how it relates to business. I think he significantly oversimplifies, but it’s still an important thing to understand. There are times to think about the “whole game” and times to think… Read moreStop worrying so much
Click below the fold, for a fabulous example of self-organizing systems
Most excellent quote of the day, in response to this: Thirteen-year-old Chuck’s breath may not be exactly minty fresh, but he is a little more pleasant to be around because of daily toothbrushing. “The toothbrush helps control any fish breath… Read moreSuch wealth
*Snort* I am amused that this comes from “truthdig.com”. Our way of life is over. Our profligate consumption is finished. Our children will never have the standard of living we had. And poverty and despair will sweep across the landscape… Read moreNew heights in scenery chewing prose
Highly geeky content – but hopefully something that I will be able to find later when I decide to do this again somewhere else.
*Edit* – whoops, these are suggestions on how to spend the money, not actually items called out in the Stimulus bill. My mistake. If you want to look at the various items in the Stimulus bill, and see what seems… Read moreStimulusWatch.org
Wow. According to David Obey, For every dollar invested in broadband the economy sees a ten-fold return on that investment. So we should just spend $150 billion on broadband, and leave the rest alone. We’ll still get a 1.5 trillion… Read moreWhat a multiplier!
The more power we give the government, the more often things like this are going to happen. The only reason you’re hearing about this one is because the town mayor was the victim. How many other pets are killed, how… Read moreSigh
What it feels like to be a libertarian I think he’s probably overstating his case a bit – not everything that caused this market shock was government-induced. There is also the psychological aspects of popular opinion – confidence is, to… Read moreI’m generally in agreement with this
When the media reports job losses, they do it in absolute numbers – case in point. Of course, this is disingenuous, because the right way to measure job losses is in percentage terms – if the US had 1 trillion… Read moreTechniques to keep you scared