economic viewpoint

Memo to: B. Obama – Paul Krugman Was Awfully Right Thrice

Memo to: President Barack Obama Subject: NYTimes/Princeton’s Paul Krugman was right three times Dear Mr. President We regret to inform you that Paul Krugman was right three times. First he was right about the size and targeting of the stimulus funds. JedReport, June 2010 – Stimulus Spending: Paul Krugman was right – it was not nearly enough …

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Mitch Daniel’s Indiana – Facing National Decline

NYTimes has a good article about Mitch’s Daniel’s Indiana and some of the heart rending tradeoffs Daniels has had to make in the face of recessionary winds: “People think great business climate, Indiana comes to mind. People think infrastructure, we’re exactly who they think of.”Because recessionary winds have not toppled Indiana’s house, this state is …

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Paul Gigot: Republican Intellectual Distemper

Having praised Republican Intellectuals for their leadership in defining the the number 1 issue in the upcoming Presidential Election [in case you missed it -High Anxiety over the widespread  National Decline and Washington’s incapacity at addressing the underlying issues], ye Editor expected that some Republican intellectual  gaffe or three to inevitably follow. After all this …

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Global Harming

Global Warming is unpopular because it says that humans at 6.9 billion and counting  are responsible for global weather processes. Global Warming occurs  primarily due to the release of CO2 and other gases into the upper atmosphere to levels that gradually raise the temperature around the world and lead to more radical and disruptive weather …

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Vindication: Problems with IBM’s Watson

Ye Editor has taken it on the chin in the Reddit community commentary for advancing about IBM’s Watson  two arguments: a)IBM secured an important dispensation when its Watson supercomputer was allowed direct text inputs rather than having to parse , decipher and  understand directly  the spoken questions by Jeopardy host Alex Trebek  and/or scan and …

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Prosperity Measured?

The Legatum Institute has a website devoted to measuring the World’s Prosperity  and showing the comparison among all the World’s countries. Being a strong believer in unbiased measures as a way to steer a group or country to enlightened betterment, ye Editor was immediately attracted to the Prosperity.com website. To move out of the OECD …

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G.O.P. – Irrational Like Foxes

In nuclear arms strategy, one winning gambit is to convince your opponents that you are an irrational and unstable player. This puts your opponents on the defensive because they can’t count on you to compute and think rationally. And so therefore in all the MAD [Mutually Assured Destruction] posturings one can never be sure that …

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Bankers Did It Again – Fcuked You Ess Ehhh

As the US hurtles towards mid-term elections in which Supreme Court blessed campaign financing has tripled relative to the 2006 midterms, the People discover once again that their Bankers have fcuked Fiduciary Trust, Rule of Law and the People once again by Fcuking Foreclosures with gross negligence and legal fraud. Paul Krugman at the NYTimes …

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Reagan Republican: How GOP Destroyed the US Economy

Marketwatch’s Paul Farrel is at it again – speaking his mind. Paul has taken former Ronald Reagan Budget Director David Stockman’s article in the NYTimes and played it back again and has come up with the most popular posting on Dow Jones Marketwatch today. Paul minces no words, just like David Stockman: Stockman is equally …

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Manufacturing Jobs, Manufacturing Jobs, Manufacturing Jobs

Manufacturing Jobs, Manufacturing Jobs, Manufacturing Jobs is finally emerging, 3 years after the great financial debacle, as the number 1, number 2, and number 3 economic and social  problems facing not just the US but most developed countries in the World. And its not easy – just ask the Japanese who had to suffer the …

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View from China: Chinese Low Labor Cost Economic Model

In our previous post on Chinese views as published in the Beijing based Chinese Business Magazine Caixin Online, Takethe5th found the posting tainted – written by an American and not yet translated into Chinese. The following article is dramatically more authentic – written by a Western-exposed, Chinese journalist and available in Chinese as well as …

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Saints Preserve US – US Senate Rescues Wall Street Gambling Dens!

MarketWatch has just reported that the Senate has made it safe to bet big and naked on Wall Street. An amendment to the Finance Reform Bill that would have outlawed  Naked CDS – Credit Default Swaps that are pure bets on what will happen on default positions taken by others; this prudish amendment has thankfully …

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Is the Wall Street Banking Game Fixed ?

There is strong evidence that what has been suspected is true – the Big Banking Game is Fixed. And you thought the top US Banks had to fight to survive in one of the toughest and most coldly efficient banking markets. But diverse financial media players like China Post, Bloomberg, Iranian Financial Times,  NYTimes,  and …

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