The US has the problem that in a 2 party system the US is only running with 1. This NYTimes article by Paul Krugman catches the essence of the argument made increasingly in this blog here and here: Mr. Romney is seeking the Republican presidential nomination, and whatever his personal beliefs may really be...
If the Republicans want a bona fide issue to tar and feather President Obama on, its his kowtowing to the banks exemplified most recently by the Housing Settlement. Once again, “for the sake of the economy”, banks get away with major white collar financial crime. Anything for a settlement. The $25Billion is peanuts in comparison to the...
Our article, The Wheels Are Coming Off the GOP Base, has had some very interesting confirmation in the Press in the past few days. The NYTimes in an editorial says “Don’t stop the debates. The purpose of debates is to get candidates and their ideas before voters. In the Republicans’ case, that includes exposing the...
Politics, particularly Presidential politics is risky racing like Formula 1. Everything is taken to the limit and like Formula 1 every performance is polled, monitored, and analyzed in almost excuciating detail. And there is a surplus of political operatives suggesting how to drive the...
Mitt Romney now appears to be the leader to beat in the polls for the next 3 primary votes – New Hampshire, South Carolina and Florida. In the Saturday ABC Debate debates the consensus is that Romney escaped unscathed as none of his rivals attacked him even with comparison statements. The result is that...
The five major problems facing not just the US but almost all developed countries are the following: 1)Jobs are going to the developing countries with very favorable rates of exchange and wage level relative to prosperous developed countries. Wages in China, India, Vietnam, Brazil and others across the board are a fraction of the...
In the last two years, more article are appearing from Wall Streeters who are questioning the budding financial myths on what caused the Financial Meltdown of 2007-2008. Here is a telling one by a Wall Street analyst, Barry Ritholtz that appeared in the Washington Post and has been picked up by a number of Share websites...
Over and over again, the world is seeing an anguishing and paradoxical debate over the Deficit Conundrum . Simply stated, nation after nation has allowed bubbles of inflated values to occur, accumulate and eventually topple their economies. The classic bubbly case is the overinflated housing markets in the US and parts of Europe that...
The best lines at the ABCTV-sponsored debate this past weekend was Michelle Bachmann’s ”Newt Romney”, AKA Newt Gingerich and Mitt Romney. Michelle could show the two not only flip flopping together but also abandoning conservative principles at the drop of a hat. The Daily Beast has been following the two since the debate and the...
Nicholas Kristoff at the NYTimes, has a very telling piece about the Bankers who brought about the 2007-2008 Financial meltdown. Recent disclosures by Bloomberg and others have made it clear that the $0.70 Trillion TARP bailout was just the tip of the iceberg as 10 time the TARP, or $7.0trillion has been spent to...
Both fascinating and frustrating reading. The story of Joseph Needham collecting together the history and legacy of China's technological triumph's is utterly fascinating. But frustrating is the failure of Winchester to shed clear light on why a)China did not already have such a hitorical trove in Beijing and b) why did China miss out on the Industrial Revolution while Japan, even more reclusive, did not.
