Tuesday, January 31, 2012

Petrus van Uhm: Guns and Peace

Gen Petrus van Uhm's speech that follows is a persuasive admonition about why the world needs people with guns to protect the peace.

Good News: Foxconn is Hiring High Tech Workers

There's good news in high tech hiring! Apple's manufacturing subsidiary, Foxconn, is looking for thousands of motivated high tech workers to expand production of their venerable line of iPad and iPod handheld computing devices. Follow the link below to learn more.

Learn More


Foxconn is an equal opportunity employer.

Monday, January 30, 2012

Charles Seife: On Mathematical Deception

Prof Charles Seife cautions vigilance in the face of what he describes as "the dark arts of mathematical deception."



I regret that good people continue to be bamboozled and victimized by numerical charlatans who prey upon our society. The newest approach to mathematical deception is through distorted visualizations and graphics. Ironically, many of the "dashboard" solutions that are in current use in enterprise have never been tested for validity or reliability. Consumers of quantitative intelligence would be wise to look well beyond the numbers and graphics into the sources of data and confidence testing that was used in support of analytical conclusions.

As a business intelligence and quantitative professional, I am constantly detecting subtle to blatant methodological violations in the literature. In particular, government research is not immune to these violations. When in doubt, be certain to consult with an independent analytics professional before relying upon any reports and evidence required for major decisions that entail potential catastrophic loss of assets, life, or freedom. Remember that the marketplace, hospitals, and courtrooms are still very dangerous places.

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Tuesday, January 24, 2012

What is a Racketeer?

racketeer
n
A person who commits crimes such as extortion, loansharking, bribery, and obstruction of justice in furtherance of illegal business activities.

Don Vito Corleone (Marlon Brando) in The Godfather (1972)

Source: The Free Dictionary

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Jeb Corliss Conquers the Matterhorn



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Sunday, January 22, 2012

Well Said...

"You have to perform at a consistently higher level than others. That's the mark of a true professional."

~ Joe Paterno

Joseph Vincent Paterno (1926-2012) [photo by Allenmock]

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Wall Street Racketeering Alleged

As reported in Bloomberg (2012, January 21):
Jon Corzine, MF Global Holdings Ltd.’s former chief executive officer, was sued under U.S. racketeering law by commodity customers alleging he and other executives "unlawfully" took money from their accounts and failed to segregate their money as the law requires.
The suit alleges that MF Global transferred "hundreds of millions of dollars" from customers' accounts into house accounts to resolve cashflow problems.

Hon Jon Stevens Corzine (1947- )

If Wall Street executives with close ties to government are engaging in "racketeering," then society truly is dealing with a bankster clan of the worst kind...

Source: Sandler, L (2012, January 21), Corzine Sued for RICO Violation by MF Global Customers, Bloomberg.

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Thursday, January 19, 2012

What is Deflation?

deflation
n
1. The act of deflating or the condition of being deflated.
2. A persistent decrease in the level of consumer prices or a persistent increase in the purchasing power of money because of a reduction in available currency and credit.


Source: The Free Dictionary

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What is a Skill?

skill
n
1. special ability in a task, sport, etc., esp ability acquired by training
2. something, esp a trade or technique, requiring special training or manual proficiency
3. Obsolete understanding


Notice that "understanding" is not synonymous with "skill"...

Source: The Free Dictionary

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The Secret of Oz

A Bold Idea for US Tax and Currency Reform

The demand for Federal Reserve Notes for Federal transactions has never been greater. The result is a shortage of dollars along Main Street USA. What is needed in response are alternative currencies that can be used for commerce without tax consequences. In other words, any transaction completed with other than Federal Reserve Notes would be non-taxable as income or capital gains. Tax reform would then focus on regulating the use and flow of Federal Reserve Notes exclusively. Only earnings and trades transacted in Federal Reserve Notes would be reportable and taxable. Business transacted using alternative currencies would be considered "blind events" for tax purposes.


US tax and currency reforms are urgently needed if Federalism is to save itself as a form of governance...

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Wednesday, January 18, 2012

Moneyball

Moneyball (2011) makes an excellent case for competing on analytics using professional baseball as the cinematic venue.



The film does an excellent job of portraying the temperamental resistance of "old school" decision analysts to probabilistic thinking and quantitative methods.

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The Mystique of Goldman Sachs