A friend wanted to withdraw 10k from his bank account to keep the cash on hand because he is concerned about the financial stability of banks especially after what happened in Cyprus. What he found out surprised him but it was something I already knew. The bank didn't have 10k in the vault to give … Continue reading What’s Left of Financial Privacy?
So the story has broken that the NSA & FBI have a massive spying program on US citizens. Email, pictures, web searches, SKYPE conversations etc. The reason given is to fight terrorism and no doubt well meaning people within the government will do just that, however, human nature being what it is I can be … Continue reading King George Never Asked for This
In Joseph Conrad's novel Lord Jim , a young man redeems himself for his cowardice and disgrace through service on a remote settlement. Today, the publicly disgraced stay in the public arena running for Congress where they can get superior healthcare, multimillion dollar retirement (after serving a single term) and millions more when they leave … Continue reading The Publically Disgraced No Longer Retire to Private Life
Western culture strikes rock bottom, breaks out dynamite. The very fact it is in the newspaper means it is not widespread. Otherwise it wouldn't be "news". People become single parents for any number of reasons, accidental pregnancy, widowed, abandonment, etc. (I don't count simple divorce as that is volitional. There are quite a few selfish … Continue reading Get a Puppy…
Consider that whenever we have a massive failure in a business industry like the .com era, real estate or banking we usually wind up with more regulation and more rules. Rules are expensive to comply with. Most compliance efforts are "letter of the law" not the spirit. Before, during and after the rule process there … Continue reading Rules, Principles & Virtue
Frontline has a new series on how no Wall Street Executives found a prison cell their new lavish quarters after the mortgage debacle. The only missing thing from this series is the role of the US Congress and how they built the incentives into the system to reward this behavior. There is really good paper … Continue reading Frontline The Untouchables
The difference between rhetoric and the dialectical style can been seen in this video. Logic versus emotional appeals. https://www.youtube.com/watch?v=Ooa98FHuaU0