economic viewpoint

NYTimes: Meet the Democratic Candidates

NYTimes has taken the initiative and has recently presented defining profiles of 21 of 22 Democratic candidates for President. The profiles come from each cadidate’s answers to the same 18 questions about the upcoming Presidential contest and their reason for participating in it. Despite many requests by the NYTimes, Joe Biden declined to participate given that …

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Payback on the Front Burner

Worldwide Inequality Becomes More Pronounced Both Wealth and Income continue to skew in favor of privileged 1% as seen in these reports and charts: First there is the trend of income inequlity shows three disturbing trends: First, the top 10% of the population continues to increase its disproportionate percentage of  National Income giving substance to …

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How Google Lost Computing Credibility

“Do No Evil” Google has in the past 3 years lost a lot of its technical lustre and credibility as  Google+ has been killed. Google was once the goto computing innovator among scandal ridden monopolistic players like Apple, IBM and Microsoft. But now Google  is crashing in technical and business stature. And It all seems to …

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Titanic Split Threatens the GOP

The Grand Old Party is coming apart at the seams. For the past 10 years the Republican  party has played loyal supporters to its 1% sponsors [think NRA, Climate Change deniers, Wall Street, etc, etc] while allowing its Tea Party rump of 40-50 House members to dictate policy that is increasingly unpopular with the GOP’s own …

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Ted on Jobs

This Ted Talk by Andrew Mcafee is supercalifragilisticexpialidociously optimistic about jobs: There are four existential wicked problems of increasing danger facing the World: 1)Man made climate change that demands  wrenching alterations in how energy is produced and used worldwide; 2)Income inequality growing at exponential rates in both developed and developing countries. The ever more concentrated wealth  concentrated …

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The Passing of Logic, Science, and Mr. Spock

Leonard Nimoy, Mr. Spock, passed away at 83 last Friday and captured the collective conscious in unexpected ways. Marketwatch, the blog of Wall Street, published a bulletin reserved for big Bull or Bear market movements on the day. The news captured headlines at the NYTimes, Entertainment Weekly, Toronto Globe and Mail, TheGuardian, Sydney Morning Herald, …

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Scene on Google+ – Why Jobs Are Problem One

These are some of the data about the acceptance of article written by robot journalists. The gist of the paper is that Robot Journalists provide more trustworthy, reliable and provoked the following reaction on Google Plus. Ron Miller, a writer on IT trends noted “Am I about to be disrupted by robots? Possibly, but while …

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Massive Income and Wealth Inequality in the United States

Income  and Wealth Inequality is about deserving and fairness. In a democratic society, income  and accumulated wealth have to be unequal because effort and captured good fortune are not equally distributed. So by definition income and consequent wealth will not be even – call this expected  inequality of earnings and consequent wealth. However this expected …

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On Google Plus: Austerity vs Keynesian Economic Policy

Geoff Brandt asked the following question on Google Plus: I was having a discussion with an acquaintance of mine who is somewhat more conservative than I am. He was railing against most gov’t spending (perpetrated of course by “those Liberals in Washington”) and insisted our nation’s top priority other than defense should be to pay …

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An Essay for the Coursera Class: Behavioral Economics

In the Coursera class Behavioral Economics taught by  Duke Professor Dan Ariely, all the students had to write a mid-term  essay in which they described the ideas of Behavioral Economics  and how the methods of the discipline  could be used to solve an economic problem. Despite the fact, that most of the methods in the …

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Another View: Moores Law Slowing

Three weeks ago this blog presented Moores Law is Alive and Well.  But reader reaction was mixed because the post emphasized growth in  computing power rather than number of transistors per chip. But really Moores Law has two meanings in electronics. The strict original circuit design  definition was that the number of transistors on a 2D integrated circuit chip would double …

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Where is the David Einhorn for America

David Einhorn, the tiny $7Billion Hedge Fund manager, has tweaked the nose of computing’s Goliath, Apple. Since a week Thursday, David  has shocked the US business world with his direct, loud, and “uncivil’ attack on Apple’s huge cash hoard of nearly $130Billion. And Apple’s cash hoard islikely getting bigger on a  growth rate of 10%per quarter for the …

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The Grand Trickle Down Deception

The constant refrain in the Presidential campaign is to give the Job Creators the money with various unconditional tax breaks, and those adventurous souls will have America up and working  in no time flat. But  overwhelming  current evidence is this is not just a myth but a crass deception. The following articles  in the NYTimes Dealbook , …

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Daily Facts: Total Taxes Paid As % of Income USA 2011

Given Mitt Romney’s disdain for 47% of Americans as tax moochers and the GOP mysterious “how are they going to pay for it in the proposed Ryan budget”, today’s daily facts looks at who and how much various income groups pay in total US  taxes. But not just the total taxes paid by income group …

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Fundamental Problem in US Health Care:The Course

There is a superb free  course available from Coursera and the  University of Pennsylvania on  Health Policy and the Affordable Care Act. Dr Ezekiel Emanuel who is an Onclogist is a great speaker in this free Coursera program and he starts off by providing a clear chart of  the fundamental problem facing healthcare in the United …

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Free Online College Courses: Deep Impact

The free online courses available from Coursera [Stanford, Princeton, University of California at Berkley, University of Michigan, University of Pennsylvannia] have broken the ice on online college courses. Now MIT has had a program for the past 5 years called OpenCourseWare which made course materials from more than 2,000 classes available free online. Typical MIT …

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Two Superb, Free Online University Courses

Free online university courses have really hit their stride this quarter. Courses from Michigan, MIT, Stanford, University of California at Berkley are available now. Free course material has been available from a variety of sources. Near and dear to this blog  and web developer are the w3schools set of tutorials on all key coding in web development …

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Operating Systems as Natural Monopolies: Think Apple iOS

A computer operating system is very close to a natural monopoly. Controlling the dysfunctional effects of such monpolies has proven very difficult. A simple monopoly occurs when one supplier provides 60% or more of the product in a marketplace. Monopolies do not have to be dysfunctional. However, in profit maximizing markets there is a strong …

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Top US Business Doing Their Fair Share of Damage to the Economy

Call them like the GOP sees them – the Job Creators, the Fortune 300 largest businesses in the US. As the NYTimes describes here, the top US Businesses are not paying their fair share of government taxes and support. And given that Corporations are People and certainly do benefit mightily from government programs they are remiss …

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Occupy the Wall Street Journal: FoxNews-like Messaging and Reporting

The Congressional Budget Office’s recent report on National Income trends for the past 30 years finds that the top 20% of earners have gained at least twice as much in income while all other other groups have fallen behind. The Wall Street Journal felt compelled to respond with the  interview below in its Opinions section. From the …

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