Well Said...

"The most beautiful discovery true friends make is that they can grow separately without growing apart."

~ Elisabeth Foley

Simon (the gray cat in the middle) enjoys having real friends who love him...

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"Banksterism" Uncloaks

According to the news, MF Global commingled upwards of $1.2 billion of client funds with the firm's internal accounts.

If these allegations are true, then the aberration of "banksterism" is uncloaking right before our eyes...

Well Said...

"When the rich wage war, it is the poor who die."

~ Jean-Paul Sartre

Jean-Paul Charles Aymard Sartre (1905-1980)

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What is Oligarchy?

oligarchy
n pl ol·i·gar·chies
1.
a. Government by a few, especially by a small faction of persons or families.
b. Those making up such a government.
2. A state governed by a few persons.

Source: The Free Dictionary

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Well Said...

"The mind is not a vessel to be filled but a fire to be ignited."

~ Plutarch

Lucius Mestrius Plutarchus (46-120 AD)

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Krugman on Class Warfare

According to Prof Paul Krugman,

The notion that denying health care to the near-poor is a serious deficit-reduction policy, but raising taxes on the very rich is not, is not something you can justify at all on the basis of the actual numbers. Anyone who says different is practicing, well, class warfare.

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Prof Paul Robin Krugman (1953- )

Source: Krugman, P (2011, November 26), Money At The Top, New York Times Online.

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Well Said...

"You can never solve a problem on the level on which it was created."

~ Albert Einstein

Dr Albert Einstein (1879-1955)

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Understanding US Debt via Excel + PowerPivot

For those interested in gaining a deeper understanding of the US national debt, I commend Tyler Chessman's new book, Understanding the United States Debt (2011) and its companion website. Excel (Microsoft) and PowerPivot (Microsoft) users in particular will want to follow the link below to download a free copy of the PowerPivot-enabled Excel workbook (requires Excel 2010 with PowerPivot installed).

Companion Website

To order a copy of the book, follow the link below.

Order Book

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Happy Thanksgiving!

Deep-fried turkey makes for good eating, but please watch this video before trying out your new turkey fryer at home...



Happy Thanksgiving!

Rubinstein: Advice to Graduate Students

Prof Ariel Rubinstein offered the following personal advice to his graduate students during a recent "happy hour" at NYU:

Remember that you are one of the most privileged people on earth. Society has given you a wonderful opportunity. You are supposed to do whatever you want, to think about new ideas, to express your views freely, to do things in the way that you choose and on top you will be rewarded nicely. These privileges should not be taken for granted. We are extremely lucky -- we owe something in return.

Well said, indeed...

Prof Ariel Rubinstein (1951- )

Source: "Happy Hour" (2011, October 28), NYU.

Well Said...

"I like to figure things out and solve problems."

~ Temple Grandin

Prof Temple Grandin (1947- )

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Multinationals Hiring Millions Overseas

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Well Said...

"The infectiousness of crime is like that of the plague."

~ Napoleon Bonaparte

Napoleon Bonaparte (1769-1821)

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How to Buy Congress

One can only wonder what a cash-filled suitcase will buy in Washington these days...

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60 Minutes: Grover Norquist on Taxes

With only two days to go before the Congressional "Super Committee" officially fails America, Grover Norquist is again making headlines.

As head of Americans for Tax Reform since 1986, Grover Norquist has transformed a single issue - preventing tax hikes - into one of the key platforms of the Republican Party. As Steve Kroft reports, his biggest coup was getting more than 270 members of Congress, and nearly all of the 2012 Republican presidential primary candidates, to sign a pledge promising never to vote to raise taxes. But some opponents say the pledge may be hindering a solution to America's debt crisis. (CBS News, 2011)

Holding the line on taxes appears to make good news...

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Source: The Pledge: Grover Norquist's Hold on the GOP, CBS News.