This is yet another very clever, funny, and well done music video. You’ll enjoy it.
Hat tip to Dano.
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This is yet another very clever, funny, and well done music video. You’ll enjoy it. Hat tip to Dano. The FDIC and OCC announced six more failed banks on Friday: American Marine Bank, Bainbridge Island, WA According to Calculated Risk, there have been 15 closures in 2010, 140 in 2009, and a total [...] It all depends on how you wish to spin the numbers. Q4 2009 GDP increased 5.7% of which 3.4% was inventory reduction. Overall for 2009 GDP went down 2.4%. My guess is that the 5.7% number will be readjusted downward when the revised numbers come out in late March (26th). What does this mean? Inventory reduction is [...] This is what you do after you lose and election in a rock solid Blue State (Massachusetts). Go on the offensive against evil banks. When Treasury Secretary Timothy F. Geithner and White House adviser Valerie Jarrett hosted a private dinner with the leaders of six banks to discuss financial regulation on Jan. 20, the bankers soon [...] I predicted that we would have a Q4 09 “bump.” But so did everyone else. I think we’ll have a positive Q1 10 also. The latest report from Goldman Sachs reveals that they have upped their Q4 estimate to 5.8%: We have boosted our estimate for fourth quarter growth to 5.8% from 4.0% (annual rate). However, [...] Comments on President Obama’s State of the Union Speech
I will say that President Obama is pretty good at this speech stuff. Remember last year when Professor Obama said that the adults are now in charge and we’re going to clean up the mess the kids made? This year had a much different tone. At [...] Even the Congressional Budget Office is conceding that things aren’t turning out as expected: The Congressional Budget Office hiked its forecast Tuesday for how much the stimulus bill will add to the nation’s deficit, raising its estimate by $75 billion to $862 billion. The American Recovery and Reinvestment Act, passed in February 2009, was initially believed to [...] The recent Supreme Court ruling (Citizens United v. Federal Election Commission) on corporations’ freedom of speech was an amazing ruling. As you know this case made it legal for corporations to run ads for favored candidates. Whether or not we agree with the role of corporations in elections, I believe the ruling was correct in [...] This is fabulous. You will love this rap video as J.M. Keynes duels in rap with F.A. Hayek. It was put together by Russ Roberts at George Mason University. Very clever and very much an “inside” joke among economists. This news came out last Friday that Rep. Barney Frank, chairman of the House Financial Services Committee, was considering eliminating Fannie Mae and Freddie Mac: “The remedy here is…as I believe this committee will be recommending, abolishing Fannie Mae and Freddie Mac in their current form and coming up with a whole new system of housing [...] More from Cato’s Dan Mitchell on Keynesian stimulus. It is an excellent recap of the promises and failures of the current economy. I disagree with his conclusion that we are almost certain to recover in 2010. I have previously written about the phenomenon that regardless of what the Obama Administration does, economies tend to repair themselves. Evidence [...] Excellent comments from Cato scholars David Boaz and John Samples on Scott Brown’s victory in Massachusetts: The theme of the World Economic Forum Annual Meeting in Davos, Switzerland this year is “Improve the State of the World: Rethink, Redesign, Rebuild.” It starts today. As you know, this annual meeting is where governments and businesses meet to “exchange ideas” and issue puffy statements about the world, pledge international cooperation and solidarity, and then [...] Here are two headlines from this morning’s news that I never thought I’d see: GOP Victory Throws Health Bill Into Doubt; Democrats Regroup on Health After Losing Seat. Like most free marketeers I was already grabbing my ankles and gritting my teeth, resigned to the fact that the Democrats had the political power to ram through their Frankensteinian [...] Just when we thought things were getting better in China the commies ruin everything. This from the Wall Street Journal: BEIJING—Chinese authorities have sharply curtailed showings of the movie “Avatar,” in hopes of protecting local films from the runaway blockbuster. The film, whose antiauthoritarian message has struck a chord among many ordinary Chinese, sold about $44 million [...] Here is a chart depicting bank closure activity. We are now at 144 banks closed by the FDIC. Thanks to the Big Picture for this chart.
Q: Is Avatar a metaphor for “capitalism?” Is the rape of another planet capitalism? Is the movie left wing Hollywood schlock propaganda? A: Yes, as James Cameron defines “capitalism.” No. Yes. Is it also something else? Yes. * * * * * Here are some typical and atypical reactions to the movie: From Hollywood Elsewhere: The political [...] Haiti is proof that capitalism saves lives. The San Francisco Loma Prieto earthquake in 1989 was also a 7.0 event but only 63 people were killed. Haiti’s lack of freedom and capitalism could not afford the life saving building techniques that capitalist countries benefit from. * * * * * I received this wonderful post [...] |
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