Monthly Archives: February 2009

Archive of posts published in the specified Month

Political Jargon

I despise jargon and the way that it hides any real thinking with meaningless words and phrases. We want to think “outside the box,” without defining the box. I am happy to have employees think inside the box; I am…

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The Kidnapping Capital of America

While Mexico is the kidnapping capital of the world, the second highest frequency in the world occurs in the United States in Phoenix, Arizona. All of it is concentrated in the illegal immigrant community. Law enforcement estimates that the reported…

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Empirical Economic Data

The Dow has remained below the 8,000 mark for more than few consecutive days. 8,000 has provided a psychological floor since last November and it should be of concern that it appears to be crumbling a bit. Yet I spent…

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Change That We Need

At a Rotary meeting on Monday we heard a speaker in the tourism industry call for a federal ministry of tourism, even trying to get money for tourism in the “so called” stimulus package. What a terrible idea. Mexico, the…

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How to Make a Crisis Worse

While I am a serious if amateur student of economics, this current crisis is more than difficult to understand. Partisan politics only makes it more so. John Taylor, a professor at Stanford, has authored a book attempting to explain titled…

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A Call to Abandon the Jewish Vote

Randall Hoven noted in American Thinker that according to a recent Commentary article Obama got 75% of the Jewish vote. This is a greater portion than Kerry got and about the same that Gore received with a Jewish running mate…

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Love and Rage

Defiance is the story of the Russian Bielski brothers who lived in the woods with fellow Jews for years fighting the Germans as partisans. Two of the brothers survived and moved to New York where they operated a trucking company.…

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Slippery and Steep

I fear that the worst case scenario is that this “so called” Stimulus Bill, this endless intrusion of the government into our lives, this Europeanization of America, will appear to work. In a few months we may see the results…

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Time to Get a Better Diagnosis

It is dangerous to read too much into any single day’s move in the stock market, but today’s nearly 400 point drop is too significant not to link to the passage of the “so called” stimulus package or Geitner’s failure…

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The Best Stimulus

James Surowiecki writes in the January 26 New Yorker that the impact of rebates on economic behavior may vary. A rebate in the form of a tax cut that increases weekly take pay may be spent more readily than a…

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Blanket Change.

What is the difference between increasing your sales margin by $500,000 or reducing your expenses by $500,000? If all else is the same the answer is zero. My personal financial situation is the same if my revenue goes up or…

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Madoff and Fannie Mae

It is amazing what intelligent people are willing to believe when paid enough money. So many of the rich and the elite willingly invested with Madoff in spite of suspiciously good returns. “I don’t know how he does it, he…

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Exercising Populist Caution

President Obama has announced a limit on executive pay. Officially this only applies to those executives of companies that are receiving federal bailout funds. If this is the limit of the restriction I do not disagree with the principle of…

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The First Victim

President Obama has extended the time period one can sue for sexual pay discrimination. He could be one of the first victims. As I noted in a blog posting last September Obama’s female campaign staff received only 83 cents per…

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Preferential Populism

The desire to have the government control executive pay has great populist appeal, but it is fraught with shortcomings. I do not have a problem with the government exercising some control of executive pay when they are bailing out those…

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Timing is Everything

So the Federal Government wants to spend billions to offer an incentive to scrap gas guzzling cars. Of course they want to do it NOW when both scrap prices and gas prices are very low. The market will take care…

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The Unseen

The greatest risk in poor economic thinking comes from the unseen. It is popular to condemn executive bonuses, so Obama wants to limit the bonuses to $500,000 at least initially reserved to those banks getting federal bailout funds. But are…

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Reduce Corporate Taxes

America used to have one of the lowest corporate tax rates, now it has one of the highest. Even socialist Sweden has lower corporate taxes than we do. This is less a result of us raising taxes than it is…

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Moral Supremacy

The danger of the infection of moral supremacy is the correlation that the ends justify the means. This is why, in my opinion, dictatorships so often come from the extreme left. This also why market oriented states tend to be…

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Sol Rosenberg

Sol Rosenberg died last Friday. He lived in Monroe, Louisiana, where he owned a steel supply house. Sol was born in Germany and moved with his family to Poland where he experienced the worst of the Holocaust. His family was…

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