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Archive for December, 2008

2008    2009…

Who’d have thought 2008 would be like it was? Thank God for the election! For a lot of the rest of it, it’s hard to know what to say exactly. We thought things couldn’t be worse, and then they were. No rest for the weary. In spite of the dreadful financial crisis, two wars, the […]

2008 [in context]…

I get it! Madoff = A.I.G. = Ponzi…

As a little kid, there was a part of my little mind that always had a big question mark on it. Like, when I was told that I was "wasting time"or entreated to "save time," I would think that those things didn’t make sense – that time marched on no matter what I did. Of […]

Shiller’s Question…

Back when the financial crisis was first becoming apparent and I was poring over the Internet trying to understand what was happening, I ran across Dr. Robert Shiller – the expert on financial "bubbles." At the time, I didn’t really get the full concept. In several of his articles, he mused on the question, something […]

a bronze statue in the Washington Mall…

Brooksley Born, isn’t giving interviews these days [the last one I found was in 2003] despite the important role she played as a voice of reason as Chairman of the Commodity Futures Trading Commission from 1995 until 1999. But going back in time, during the Administration of George H.W. Bush, Wendy Gramm, a Ph.D. Economist […]

the economy of the entire planet…

I was reading Part 1 of the Washington Post’s Series on the financial crisis, and ran across this article from October. It’s followed by an 2003 interview with Brooksley Born, the head of the Commodity Futures Trading Commission when these events occurred. It’s a tragic story… What Went Wrong By Anthony Faiola, Ellen Nakashima and […]

those stupid programs…

Patient Teenagers? A Comparison of the Sexual Behavior of Virginity Pledgers and Matched Nonpledgers Janet Elise Rosenbaum, PhD, AM Health Policy PhD Program, Harvard University, Cambridge, Massachusetts; Department of Population, Family, and Reproductive Health, Johns Hopkins Bloomberg School of Public Health, Johns Hopkins University, Baltimore, Maryland OBJECTIVE. The US government spends more than $200 million […]

arithmetic…

Where Is Madoff’s $50 Billion? Based on Bernard Madoff’s own estimation, he lost approximately $50 billion of investor funds. Every since this disclosure, the biggest questions are where did the money go and how much of the $50 billion remains. Bloomberg is reporting that "Madoff To Reveal Assets" by year end. Investors looking to recoup […]

not what we’re about…

As the Republican Maelstrom discovered beginning in 1994 when they took over the Congress ,and in 2000 when they took over everything else, it is much easier to criticize the governance of others than it is to govern. In fact, their time in the Sun was largely spent dismantling all those things they found so […]

despots…

The despots of the Twentieth Century weren’t terribly different from those that came before them. Kaiser Wilhelm II, German Emperor and King of Prussia made a fine mess of things with World War I  taking his cousin-in-law Czar Nicholas II of Russia down in the process, effectively bringing the age of the Old World Monarchies […]