The interactive chart featured here is making the rounds on the web, because it tells a story about how the rich are getting richer and the poor are getting poorer, or it at least it seems to.
The problem with that interpretation is that it is about income, not wealth. Each year, the people in the [...]
A smart politician/bureaucrat can spend and waste money for years and leave the bill to the next guy – who usually pays the least amount possible so that he can spend and waste and then pass on the bill.
Of course, as the state budget crises have shows us (see California in particular) having a [...]
The Japanese would have a a very different take on the story of the big bad wolf. Between tsunami’s, typhoons, and earthquakes, natural disaster’s regularly destroyed towns. Homes weren’t built to withstand anything hurled at them – they were built to work day in and day out, and to be rebuilt quickly after a disaster. [...]
Apparently our economy has been much slower than reported for years:
Growth: Why the Stats Are Misleading – BusinessWeek.
Auction technology has blossomed around the world, and called into existence a whole new industry, replete with firms, entrepreneurs, consultants, counter-consultants and even a few gunslingers. When the National Bureau of Economic Research’s Market Design Working Group held its first-ever meeting earlier this month, many of the stars were there, mostly economists, but a handful [...]
In these days of bailouts and government intervention, there is much talk about how effectively the Government can run any business.
To see what the future for GM and others may hold, it pays to take a look at how the US Postal Service is run.
Most American citizens are blissfully unaware of the degree [...]
What if our current economic crisis was not just caused by poorly designed financial markets, but by a lack of growth driving innovation?
what if the conventional wisdom is wrong? What if outside of a few high-profile areas, the past decade has seen far too few commercial innovations that can transform lives and move the [...]
From an article comparing what Obama has done to what McCain might have done, an insightful (and factual rather than speculative gem):
The dirty little secret that many people don’t realize is that monetary policy, not fiscal policy, has been much more aggressive in addressing the current crisis.
In fact, trillions of dollars more aggressive.
Next time you are playing monopoly and your opponent snaps up too many properties, get the justice department to step in.
Assistant Attorney General for Antitrust Christine Varney claims that the Justice Department can aid economic recovery by prosecuting businesses that have been successful in gaining large market shares. In her announcement last month she [...]