Cold Wisdom from IcelandMost Americans are by now familiar with the root of 2009's financial collapse: banks and government-sponsored organizations, prodded by government regulators, loaned money to people who couldn't pay it back. Eventually, various big players in our financ... |
Jan 12, 10 |
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Big Lies About Those Big AIG Bonuses #2 - How Big Bonuses Benefit Taxpayers The first article in this series explained how stock trading works, and by extension, how pretty much all financial trades work. Details differ considerably, of course, and the reality is far more complex, but the basics are similar and hopefully you'v... |
Mar 23, 09 |
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Big Lies About Those Big AIG Bonuses #1 - How Trading Works We're all aware of the public outrage at the bonuses given to employees of AIG, a financial conglomerate which has been propped up by the biggest taxpayer bail-out in history. This outrage is a reasonable and healthy reaction to outrageous behavior and... |
Mar 23, 09 |
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Three Cheers for Obama's Pay CapAs President Obama's election victory demonstrated, the American people are in a surly mood. Almost all of us are worried about our jobs, our country, and our future. There is a strong sense that we've been robbed; the left likes to blame George W. Bus... |
Feb 5, 09 |
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The Ghost of Christmas Present(s) Charles Dickens published "A Christmas Carol" in 1845. The story was an overnight success and has become one of the most popular and enduring Christmas stories.
Dickens' contemporaries noted that Christmas sentiment was dying out at the time the sto... |
Dec 25, 08 |
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General Motors Takes the UAW's Bullet Nobody - not even our famously feckless Congress - now doubts that General Motors and Chrysler are in deep trouble. It's also perfectly clear how they got into trouble, and their experience offers a number of lessons.
The forces of nature have a hab... |
Dec 16, 08 |
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