Blog Posts

Oh, Lord . Time for another boring lecture

... on the social security trust fund.

What it isn't: a lot of cash.

What it is: two columns of numbers.

Structural Unemployment

ain't happening. 

Brad DeLong, boringly providing facts to the masses (i.e. people like me) provides Paul Krugman providing a couple of paragraphs (go ahead, you can read them) that demonstrate we aren't suffering from structural unemployment which has to be tolerated until every first grader has learned Chinese. Or something.

We're just suffering from ............ unemployment. 

Money isn't everything.. Until the bank fails.

Cmaukonen today
Those that are struggling to make it are not going to listen to some ones ideas if these ideas come from people who ................................... pull in 6 figure salaries and justify to the nines their right to do so

And rightly so

I'd be hypocritical if I did not comment that most of those I know earning a 6 figure salaries are justified to claim it's justified..

Logic, smogic.

John Quiggen today in Brad deLong's blog

"The thing about tariffs is - they do the trick" : Keynes, April 17, 1933

And : "Free trade agreements are licenses to engage in what used to be called "Labor Racketeering" Give the 6 month notice. Likewise notify the wto that we are out the door " Jolly Roger, in a comment to SleepinJeezus' blog today, "The failure of a thirty year experiment."

It's intuitively convincing, but in my particular case, FWIW supported by observations from  the 20 years of my career which I spent in international business, usually living abroad, that John Maynard and Jolly Roger, are right.

Time for Wikileaks

In artappraiser's comment to Wolfrum's Keith Olbermann post, she links to the Times' contribution to the cover story.

Not to repeat my post on Comcast's necessary involvement, but had it actually been true that it had just stood on the sideline every Comcast shareholder would right now be on his way to his lawyer to sue them.  For negotiating an acquisition without the usual prohibition against cardinal changes prior to closing. 

Of course Comcast approved the terms of Olberman's departure.

The COMCAST  contract with NBC will of course have contained a stand-still clause ,standard  in  such agreements, under which  MSNBC was required to avoid any major changes during this final  period before the Closing,now  scheduled for Jan 28.

Just the facts, mam


New York Times  Jan 20 2011 Cameron Proposes a Radical Reorganization of England's Heath Care System.

Concluding sentence :  " .......a service in which patients can now sometimes wait months for specialist care."

Sounds bad. But .....

Brother can you spare a dime

The point of post-1945 European welfare states was to free the needy from dependence on private generosity, which tends to miss out the socially marginal, and to be least available when times are hardest. Welfare gave a sense of security and dignity that the less fortunate had never previously enjoyed. It was particularly important to continental societies that had seen how insecurity bred fascism.



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