The Radford Free Press – Page 472 – All life is problem solving.

Economics / china, consumption, exports, GDP, health care, Japan, recovery, savings, stimulus, unemployment /

GDP: Good News

July 31, 2009

Everyone – well almost everyone – predicted that the second quarter GDP figures would show an improvement over the miserable performance of the last six months. That much was not hard to do, after all businesses will eventually run out of stuff to cut, slash, burn or otherwise eliminate. Once we reach that point even […]

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. […]