Pirates believe in deterrence. Keep that in mind when people tell you that deterrence would not work against Pirates.
A very interesting parsing of a New York Times article. The first couple of paragraphs of the post are just blather. But keep reading.
Meanwhile, back in the US, Goldman recorded super earnings in the first part of the current fiscal year, announcing Q1 earnings of $3.39 per share, well above the consensus expectation of $1.64. Except that they didn’t. Buried in the small print, it appears that as the Easter Bunny was delivering candy and eggs to children all over the world, he also desposited a small turd in the GS income statement. In December, which magically falls outside the aegis of any reporting period (falling through the cracks, as it were, in the transition from investment bank to bank holding company) , the firm lost $2.15 per share. Add that to the Q1 earnings figure, and you get a result that is comfortably lower than consensus.
The End of the World Is Nigh Again. (A post arguing that the market is due for another major correction).
The Fruits of China’s One Child Policy. We all know that there is going to be more males than females in China because of the one child policy. But the figures keep getting worse and worse.
This week’s rant of the week is a lecture on management from Sippican Cottage.
Maybe this is how our cat died? Symptoms seem to match but the vet thought that it was just the flu.
They want to give the President the power to shut down the internet. But the President already has the power to declare martial law if necessary. Why give him more power?
How long before this sort of things starts to make people really angry?
German Homeschooling Family Seeks Asylum.
An update on the disease that threatens the worlds wheat crop.
Something for auto workers to do (read till the end)? I don’t know how well these things will really work. But it is important to remember that when you keep companies from going broke you often make it harder to shift resources to where they will do some real good.
The Pension Benefit Guaranty Board decided to invest in an asset class that was guaranteed to be worth less just when they need the money the most.
Banks walking away from homes, but only after kicking people out.