Friday, August 30, 2013

The continuing outrage

OK, really just a tab dump.

Brazil v. Mexico.

Graphical timeline of the turmoil between the bursting of the tech bubble in 2001 and the financial crisis years.

The Federal Communications Commission has to change its regulations to hit its fines-and-penalties objective of $339,884,000.00. When the continuing employment of government officials depends on extracting fines, you can bet we will identify more criminals. Republicans should introduce legislation that provides that fines and civil penalties not be "budgeted" or count toward deficit reduction, and that any such fines be returned to the citizenry as tax cuts.

Flim-flammery in the Obama administration's calculation of the benefits of regulation.

The news on American personal income is not pretty.

The massive middle class tax increases necessary to get the deficit under control if we don't deal with federal entitlements. Only click on the link if you care about the standard of living of people who today are under 40 years old.

Be well.


  1. Re: "get the deficit under control"

    Subj: The Poor

    From Princeton University yesterday: "Poverty and all its related concerns require so much mental energy that the poor have less remaining brainpower to devote to other areas of life, according to research based at Princeton University. As a result, people of limited means are more likely to make mistakes and bad decisions that may be amplified by — and perpetuate — their financial woes."


    Subj: Defense

    From ABC News (USA)today:

    "As the military is considering what assets it may need to conduct a potential strike on Syria, the most advanced and most expensive weapons system history will be watching from a hanger.

    The F-35 Joint Strike Fighter, a do-it-all fighter for three service branches that is estimated to cost in total $395.7 billion, is simply not ready to fly into combat, despite promises from the Department of Defense early in the program."


    - DEC (Jungle Trader)

  2. Two good additions, DEC. The former is interesting in that it is apparently news. It probably is to many self-satisfied Americans, especially (sad to say) Republicans. But for anybody who has actually seen how a cascade of misfortune unfolds -- it happens all too frequently in the management of business -- it is obvious that the poor are often led to make bad choices by the pressures of poverty. Yes, there are an able few who rise above. I suspect that cultural and family strength acts as a buffer, defending such people from the worst of poverty.


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