I mean what’s not to love about the Northeast? It’s crowded. It’s cold. It’s polluted. In many parts it’s flat out corrupt. It’s over taxed and over regulated. And in my experience folks just aren’t that nice to one another. (At least where it’s crowded.)
It was just reported that the first Ebola victim discovered in the US is being treated in Dallas Texas. It is imperative that information flow freely around this situation. Keep the response open sourced. Let people track developments closely. I am sure developers at this very moment are working on applications which will help people avoid the virus.
The great disconnect continues. Those who are tapped into the (crony) financialized system have seen their stocks and bonds do well as the market has ridden a Federal Reserve created bubble. Those who do not have assets, or only real estate assets, (unless they have nice arable farmland) have fallen behind. It’s a case of the rich getting richer and the poor getting poorer, but the situation has been exacerbated by the central bank experiments of the last 6 years.
Both major parties are corporatist parties and both have been for a long time. But Dems seem to be signalling that they are interested in cozying up even closer to crony corporate America.
Senator Blumenthal says that he’d like to forgive student loans of those who become government workers. Why? Because they will then vote for him. Er…I mean because these people are “public servants.” Workers in the private sector however would be out of luck. That seems backward doesn’t it?
Look, this comes from John Oliver who has no love for libertarians or objectivists. (At least as far as I can tell.) Saying that I am still a fan and every once in a while when his statism doesn’t get in the way he shines a bright light on a subject in a humorous way. His breakdown of foreign military aid to Egypt was fantastic for instance.
His effort here is less fantastic. It’s basically a semi-funny hit piece on Ayn Rand. However, it is informative (if obviously biased) and I think our readers will enjoy it, both those who are pro-Rand and those who don’t like her.
When I was in college one of the first op-eds I ever wrote was on Social Security in the college newspaper. I argued that with the the baby boom generation getting ready to retire (this was the late 1990s) we college students (of a smaller generation) faced a real problem. There were going to be an awful lot of retirees out there counting on Social Security with fewer people actively contributing to the general economy. (And to Social Security.)
The argument I made was of course not solely my own. Many people had made the argument before me and many people have since. I said that we needed to radically reform Social Security and phase it out over a few years.
The idea that schools are supposed to serve students first and teachers second doesn’t seem like a radical idea. Let’s be frank, for pretty much everyone this is just assumed. But it is NOT assumed by the teacher’s unions, especially in California where they have a stranglehold on the system.
One of the problems with the attached article is that it implies that the reason Goldman pulled the things it did and does is because the Federal Reserve, the regulator, wasn’t and isn’t strong enough to curtail Goldman’s power.
The Fed is plenty strong. Far too strong in fact. What the author doesn’t appear to get is that in this instance we don’t have a case of “regulatory capture” per se. The Fed doesn’t kowtow to Goldman Sachs. The Fed and Goldman, and JP Morgan etc., are partners and always have been.