Doctor Cleveland's picture

    No Plan on Wall Street

    It's become disturbingly clear that the people occupying Wall Street, and the centers of several other major American cities, have no plan for the future. No vision. No coherent ideas. No sense at all of what to do next.

    Donal's picture

    Same as Cash?

    Before about a decade ago, I paid rent, insurance, and doctor's bills by writing checks and sending them through the mail. My wife paid by check at the grocery store. I had a credit card for traveling and large purchases, but used cash as much as possible.

    Donal's picture

    Politics Under the Sun

    As Solar Decathlon teams assemble their entries, politics heats up everything under the sun. Republicans gleefully exploit the failure of solar panel startup Solyndra, and Germany's Passiv Haus Institut casts out their US incarnation. In Passive House Schism Leaves U.S. in Limbo, GreenSource reports:

    Doctor Cleveland's picture

    Taylor Branch and the Shame of College Sports (Pay the Kids, Already)

    After I suggested being honest about college sports on this blog page, Taylor Branch has made the same case, better, in The Atlantic. With, you know, actual reporting and everything.

    Here's a bit from Branch's lead, as a shoe-advertising king pin talks openly about "buying your schools" in order to increase his market share:

    Doctor Cleveland's picture

    God Bless the National Debt

    Let's get one thing straight: without a national debt, there is no national defense. This has always been true.

    We can all sputter righteously about the evils of borrowing and debt, but a United States government that did not borrow would either have to do without any military at all or else make do with a tiny, ill-equipped military with troops who almost never got their pay, which is what we had before the Washington Administration. Access to credit has always been central to effective government operations, and especially to effective military operations. Gimmicks like "debt ceilings" and "balanced budget amendments" not only threaten the effectiveness of basic, everyday governance but make the government completely incapable of responding to an emergency.

    Michael Maiello's picture

    Corporate America Breaks Up With The Middle Class

    American businesses are breaking up with the middle class.  This won't be news around here, though it might stir up some controversy over at The Daily today.  In my column this week I looked into some of the potential implications of two big changes in American business.  They used to rely largely on domestic middle class consumers to make their profits.  This was true even in the 1990s, when the main effect of globalization was overseas exploitation in order to sell cheap goods ba

    Doctor Cleveland's picture

    Revisiting LeBron (and Retaining Employees)

    So, last summer LeBron James decided to leave Cleveland, leading to a massive outburst of Clevesentment and a widespread belief that Cleveland had burned down among my friends and family who don't live there (and not just among them, judging from the search terms that old post collected). A year later, he's gotten himself to the NBA Finals for the first time in his career.

    William K. Wolfrum's picture

    The Yes Men & Coal Cares to Peabody Energy and Coal Industry: Stop Killing Kids

    Since my previous post on the satirical Web site, there have been several interesting developments. First off, the infamous Yes Men have been outed as the masterminds behind the site.

    William K. Wolfrum's picture's clever hoax

    Head on over to and take a look at the work they’ve done creating a spoof Web site for the purpose of creating discussion on the harm of coal plants as well as rising asthma rates.

    A snippet from the site:

    Donal's picture

    Why aren't we panicking at the pumps? Update: Or are we?

    In Peak Oil Elasticity, Tom Whipple wonders why $4.00 fuel hasn't made Americans cut back our driving all that much: 

    William K. Wolfrum's picture

    Chrysler announces first profit since bailout - better than a bullet in the eye

    As America celebrates President Barack Obama's birth certificate as well as Osama bin Laden's new eye hole, one bit of news managed to get by that will likely have a bigger effect on the U.S. - Chrysler announced a profit:

    Chrysler has posted its first quarterly net profit since declaring bankruptcy almost two years ago, Reuters reports.  

    Doctor Cleveland's picture

    Your Neighbor's Paycheck Is Your Paycheck

    Here's the deal: how much money you get paid is based on how much other people get paid. This is a fact of life. Your paycheck is based on what other people get in other jobs like yours, and what other people in your area make, and what other people with your qualifications make. The price of those people's work sets the price of replacing you if you quit your job. If you make less than they make, it can only be so much less. If you make more than they make, it's only realistically going to be so much more.

    Michael Wolraich's picture

    Book Review: The Great Stagnation

    The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better by Tyler Cowen

    The Great Stagnation, a short yet ambitious e-book by economist Tyler Cowen, has been generating a lot of buzz lately. It has been recommended by Matthew Yglesias (ThinkProgress), Ezra Klein (Washington Post), Tim Harford (Financial Times), and Nick Schulz (Forbes), to name a few.

    I bought the book on the suggestion of EmmaZahn here at dagblog. I found it to be clear, original, and so engrossing that I missed my subway stop. But I did not ultimately find it persuasive.

    In the book, Cowen argues that America's spectacular growth of the past 200 years has been driven by the consumption of "low-hanging fruit" which we have now exhausted. In particular, he cites cheap land, advances in education, and technological innovation. He argues that since we can no longer rely on these drivers, our economy will stagnate for the foreseeable future.

    But you don't have to be an economist to see that the evidence Cowen relies on to bolster his low-hanging fruit theory has been derived from some aggressive cherry picking.

    William K. Wolfrum's picture

    Federal Judge Rules Capitalism Unconstitutional

    AMERICA – A Federal Court in Florida has struck down Capitalism, ruling that the requirement for individuals to live under any type of economic system is unconstitutional.

    Ramona's picture

    Foreclosure for Fun and Profit

    There is a lovely new residential-shopping complex in Myrtle Beach called "The Market Common".  We haven't been there yet this year, but last year we walked around it a few times.  In my wildest dreams I couldn't afford anything in their shops, but honestly?  I never saw anything I would be willing to give up my entire SS check to buy.  Still, I kind of took a liking to the place, faux as it was.

    Doctor Cleveland's picture

    Intellectual Property Blues: Beatles Edition

    So, the Beatles are finally available on iTunes, goo goo goo joob. And the news has been greeted with a resounding yawn; many people claim that the move is much, much too late to be hip, and too late to be hip, in the music business, means too late to make a sale. [UPDATE: Since the Beatles sold 2 million songs and 450,000 albums on iTunes this week, I was obviously completely wrong about this.


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