"Last week's announcement that "Pay Czar" Kenneth Feinberg slashed compensation for executives at seven large financial firms by an average of 50% stunned Wall Street, stoked the fires of populist resentment, and troubled economists. Will this government-mandated pay cut drive the most talented professionals away from these companies, endangering their recovery? Does it augur further politicization of economic decisions?"
Read the whole article @
http://online.wsj.com/article/SB10001424052748703574604574499953992328762.html
Friday, October 30, 2009
Monday, May 5, 2008
The company we keep part 2
A disturbing interview with William Ayers (who has an association with Obama) from the New York Times. Notice the date that it was published.
The beginning??
Riots in Somalia over the increasing cost of food have resulted in the killing of two protesters. Could this be the beginning of something larger than anybody has anticipated?
I wish to recommend an excellent podcast to all of our readers:
Coyne on Exporting Democracy after War
This follows the excellent post by "Why Me" regarding the role of the US Army plays in "nation-building". From a practical standpoint, what is our interest? The misinformed continually cite Japan and Germany as success stories. Yes, we all agree. However, these represent the select few or "outliers". I would argue that in Germany's case, the proximity of wealthy nations surrounding the country that help promote trade played a large role in their success. Further, how do we expect that to work for Iraq? Will Syria, Saudi Arabia, or Iran come to the rescue? Will the institutions of government be sound? I am going to hazard a guess, I don't expect this to be true.
Coyne on Exporting Democracy after War
This follows the excellent post by "Why Me" regarding the role of the US Army plays in "nation-building". From a practical standpoint, what is our interest? The misinformed continually cite Japan and Germany as success stories. Yes, we all agree. However, these represent the select few or "outliers". I would argue that in Germany's case, the proximity of wealthy nations surrounding the country that help promote trade played a large role in their success. Further, how do we expect that to work for Iraq? Will Syria, Saudi Arabia, or Iran come to the rescue? Will the institutions of government be sound? I am going to hazard a guess, I don't expect this to be true.
Friday, May 2, 2008
Daily's-May 2nd, 2008
Today in USA and CSA History
In 1863, Confederate Gen. Thomas "Stonewall" Jackson was accidentally wounded by his own men at Chancellorsville, Va.; he died eight days later.
What is wrong with portraying reality
Feds with no sense of Humor
Conspiracy nuts come out
I guess when you are in college- you do know everything
“We all have to take responsibility for what we know and what we don't know about money.” This from a school teacher!!
Derby this Weekend and here , and yes I have already enjoyed immensely the bathroom humor I have expressed at the expense of the expected winner- Big Brown
In 1863, Confederate Gen. Thomas "Stonewall" Jackson was accidentally wounded by his own men at Chancellorsville, Va.; he died eight days later.
What is wrong with portraying reality
Feds with no sense of Humor
Conspiracy nuts come out
I guess when you are in college- you do know everything
“We all have to take responsibility for what we know and what we don't know about money.” This from a school teacher!!
Derby this Weekend and here , and yes I have already enjoyed immensely the bathroom humor I have expressed at the expense of the expected winner- Big Brown
Friday Funny
Thursday, May 1, 2008
Daily's-May 1st, 2008
Today in US History
On May 1, 1898, Commodore George Dewey gave the command, "You may fire when you are ready, Gridley," as an American naval force destroyed a Spanish squadron in Manila Bay during the Spanish-American War.
``If we don't experience warming over the next 10 years, it doesn't mean that greenhouse-gas warming is not with us,'' Keenlyside said in an interview. ``There can be natural fluctuations that may mask climate change in the short term.'' Ok, ya that makes all the sense in the world. Let me step aside and let you smart educated scientist take this one, I mean ya’ll are the experts and know what your talking about- yes I conced that Global Warming will want to take a break once in a while and go on vacation.
It turns out the Dems are working
Still can’t get over IT
Thursday Totty
Recession -NOT
“Unless the government watches closely, the airlines will kill you.
That seems to be what many reporters and politicians believe. “
Story bout “Regulators” by John Stossel
On May 1, 1898, Commodore George Dewey gave the command, "You may fire when you are ready, Gridley," as an American naval force destroyed a Spanish squadron in Manila Bay during the Spanish-American War.
``If we don't experience warming over the next 10 years, it doesn't mean that greenhouse-gas warming is not with us,'' Keenlyside said in an interview. ``There can be natural fluctuations that may mask climate change in the short term.'' Ok, ya that makes all the sense in the world. Let me step aside and let you smart educated scientist take this one, I mean ya’ll are the experts and know what your talking about- yes I conced that Global Warming will want to take a break once in a while and go on vacation.
It turns out the Dems are working
Still can’t get over IT
Thursday Totty
Recession -NOT
“Unless the government watches closely, the airlines will kill you.
That seems to be what many reporters and politicians believe. “
Story bout “Regulators” by John Stossel
Wednesday, April 30, 2008
Will the Right Sit It Out?
But why, when America's mini-mills and steel mills are among the most efficient on earth — in terms of man hours needed to produce a ton of steel — aren't those jobs coming back?
Answer: It is due to the free-trade policies of Bush and McCain, which permit trade rivals to impose value-added taxes of 15 percent to 20 percent on steel imports from the United States while rebating those taxes on steel exports to the United States. We are getting it in the neck coming and going.
An America First trade and tax policy could have U.S. steel mills rising again, while those in Japan, China, Russia and Brazil would be shutting down as uncompetitive in the U.S. market.
But we no longer put America first.
----
You know, I have to disagree with Mr. Buchanan. Based on a review of the available data, wage and salary disbursements by private industry rose 52% in the period 1998-2007. Further, personal income has risen by 230% in the period 1985-2007.
I would suggest that we need to do more to promote free trade. It is true there are "losers" in the equation of free trade. However, the societal benefits as a whole far outweigh the negative impact on specific individuals.
I do agree with Mr. Buchanan when he states that we need to stop giving out subsidies to the steel industry. We should promote a level playing field for all industries. I do believe that if the government chose to step out of the way, the jobs lost in one industry will be gained in another as we unleash the entrepreneurial spirit of the American public.
Answer: It is due to the free-trade policies of Bush and McCain, which permit trade rivals to impose value-added taxes of 15 percent to 20 percent on steel imports from the United States while rebating those taxes on steel exports to the United States. We are getting it in the neck coming and going.
An America First trade and tax policy could have U.S. steel mills rising again, while those in Japan, China, Russia and Brazil would be shutting down as uncompetitive in the U.S. market.
But we no longer put America first.
----
You know, I have to disagree with Mr. Buchanan. Based on a review of the available data, wage and salary disbursements by private industry rose 52% in the period 1998-2007. Further, personal income has risen by 230% in the period 1985-2007.
I would suggest that we need to do more to promote free trade. It is true there are "losers" in the equation of free trade. However, the societal benefits as a whole far outweigh the negative impact on specific individuals.
I do agree with Mr. Buchanan when he states that we need to stop giving out subsidies to the steel industry. We should promote a level playing field for all industries. I do believe that if the government chose to step out of the way, the jobs lost in one industry will be gained in another as we unleash the entrepreneurial spirit of the American public.
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