The Radford Free Press – Page 469 – All life is problem solving.

Economics / Andrew Cuomo, B. of A., banking, bonuses, Citibank, Goldman Sachs, JP Morgan Chase, Morgan Stanley, Wells Fargo /

Wall Street Bonuses – The Abomination Continues

July 30, 2009

Do not think that this story will go away. Andrew Cuomo has just submitted another fascinating report of Wall Street bonuses and the manner in which they no longer reflect anything remotely connected to reality. Here’s a quote: “Thus, when the banks did well, their employees were paid well. When the banks did poorly, their […]

Economics / health care, health care costs, health care reform /

Health Care – Understanding Rescission

July 29, 2009

The last couple of days I have tried to focus on aspects of the debate over heath care reform that make no sense or, at least, muddy the waters. In particular I have been trying to defend the case that there can be no pure market solution since such a solution implies unacceptable social ramifications. […]

Economics / durable goods orders, GDP, recession, recovery /

Durable Goods Orders Fade

July 29, 2009

For those of you looking for green shoots this is not good news. After two months of improvement new orders for durable goods slid back by 2.5% in June to a total of $158.6 billion. The slippage returns durable goods orders to a year long downward trend: they are off 26.7% year-on-year. Shipments of durable […]