Do Money Market Mutual Funds Make Sense Anymore? | e21 - Economic Policies for the 21st Century
Interesting comments on the current state of money market funds. The writer explains, in reasonably understandable language, how the 2008/2009 "liquidity crisis" came to be and its effects on the money market industry.
Worth reading.
Saturday, December 04, 2010
Friday, October 22, 2010
Is Everyone Just Imagining the Government Spending Explosion? | e21 - Economic Policies for the 21st Century
Is Everyone Just Imagining the Government Spending Explosion? | e21 - Economic Policies for the 21st Century
Dr. Krugman’s calls for more horses pulling the big-spending bandwagon aren't themselves remarkable, but his other claims make me think he's been on another planet than the rest of us mortals:
“The whole story (of expanded government) is a myth. There never was a big expansion of government spending.”
Huh?
Dr. Krugman’s calls for more horses pulling the big-spending bandwagon aren't themselves remarkable, but his other claims make me think he's been on another planet than the rest of us mortals:
“The whole story (of expanded government) is a myth. There never was a big expansion of government spending.”
Huh?
Monday, September 06, 2010
Science and religion: Another ungodly squabble | The Economist
Nothing new here. The only people who think that Hawking was (somehow) sympathetic to religion in his popular 1988 book "A Brief History of Time" are those who never bothered to read it. Hawking takes unnecessary snipes at religion whenever he can and has for decades.
I suppose it's a cheaper way to sell books.
The review of his latest book cited in this article (http://bit.ly/aPu3Yx) argues that the centerpieces of his latest round of theories are without observable evidence.
If you're wondering, yes I did study physics at one time.
Nothing new here. The only people who think that Hawking was (somehow) sympathetic to religion in his popular 1988 book "A Brief History of Time" are those who never bothered to read it. Hawking takes unnecessary snipes at religion whenever he can and has for decades.
I suppose it's a cheaper way to sell books.
The review of his latest book cited in this article (http://bit.ly/aPu3Yx) argues that the centerpieces of his latest round of theories are without observable evidence.
If you're wondering, yes I did study physics at one time.
Monday, August 09, 2010
Review & Outlook: Richard Foster for President: Medicare's Chief Actuary on ObamaCare Facts - WSJ.com
The Wall Street Journal points out that chief Medicare actuary Richard Foster's analysis of the trustee report says that White House claims about the Affordable Healthcare Act are incorrect.
"There probably isn't a worse job in Washington than Medicare trustee, unpaid Capitol Hill interns included. Every year the trustees issue the gravest warnings about entitlement spending and at best prompt a moment of brow-furrowing before the political class returns to its default state of indifference.
"This year's report, issued last week, has more than the usual political meaning because Democrats are hailing it as validation of their claims that ObamaCare will save taxpayers money. The trustee report shows "how the Affordable Care Act is helping to reduce costs and make Medicare stronger," the White House said in a statement.
"One problem: That spin ignores the extraordinary companion analysis by chief Medicare actuary Richard Foster that repudiates this conclusion and is the most damning fiscal indictment to date of the Affordable Care Act."
The Wall Street Journal points out that chief Medicare actuary Richard Foster's analysis of the trustee report says that White House claims about the Affordable Healthcare Act are incorrect.
"There probably isn't a worse job in Washington than Medicare trustee, unpaid Capitol Hill interns included. Every year the trustees issue the gravest warnings about entitlement spending and at best prompt a moment of brow-furrowing before the political class returns to its default state of indifference.
"This year's report, issued last week, has more than the usual political meaning because Democrats are hailing it as validation of their claims that ObamaCare will save taxpayers money. The trustee report shows "how the Affordable Care Act is helping to reduce costs and make Medicare stronger," the White House said in a statement.
"One problem: That spin ignores the extraordinary companion analysis by chief Medicare actuary Richard Foster that repudiates this conclusion and is the most damning fiscal indictment to date of the Affordable Care Act."
Thursday, August 05, 2010
Judge Walker’s Phony Facts - The Editors - National Review Online
Judge Walker’s Phony Facts - The Editors - National Review Online
It has been clear since before the beginning of the year that Judge Vaughn Walker of the U.S. District Court in San Francisco was on a mission to establish a federal constitutional right to same-sex marriage and thereby to overturn California’s Proposition 8, a constitutional amendment passed by the peopleof the state in 2008.
From his decision to have a “trial” of the “facts” in the case rather than proceed straightaway to legal arguments about the constitutional issues (a choice that surprised even the plaintiffs’ attorneys) to his attempt to stage a nationally televised extravaganza (brought to a halt by the Supreme Court) to his unconcealed bias in favorof the plaintiffs in virtually every aspect of the proceedings (ably summarized by NRO’s Ed Whelan here), Judge Walker has been preparing us for a baldfaced usurpation of political power for quite a while.
It has been clear since before the beginning of the year that Judge Vaughn Walker of the U.S. District Court in San Francisco was on a mission to establish a federal constitutional right to same-sex marriage and thereby to overturn California’s Proposition 8, a constitutional amendment passed by the peopleof the state in 2008.
From his decision to have a “trial” of the “facts” in the case rather than proceed straightaway to legal arguments about the constitutional issues (a choice that surprised even the plaintiffs’ attorneys) to his attempt to stage a nationally televised extravaganza (brought to a halt by the Supreme Court) to his unconcealed bias in favorof the plaintiffs in virtually every aspect of the proceedings (ably summarized by NRO’s Ed Whelan here), Judge Walker has been preparing us for a baldfaced usurpation of political power for quite a while.
Friday, June 04, 2010
Lexington: A truck in the dock | The Economist
Lexington: A truck in the dock | The Economist
Somehow, the legal theories under which government sues objects such as "State of Texas v One 2004 Chevrolet Silverado," and how the same government manages to shift the burden of proof onto the owners of such objects to prove there is no basis for the action manages to elude me.
The Economist article suggests that this is an uncomfortable trend toward "policing for profit."
Somehow, the legal theories under which government sues objects such as "State of Texas v One 2004 Chevrolet Silverado," and how the same government manages to shift the burden of proof onto the owners of such objects to prove there is no basis for the action manages to elude me.
The Economist article suggests that this is an uncomfortable trend toward "policing for profit."
Tuesday, May 18, 2010
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