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Category Archives: Business & Economics
Norman Braman and Madoff’s Field of Suckers
Norman Braman got stiffed big-time recently by Bernard Madoff. He was one of many suckers in what is considered the largest Ponzi [or pyramid] scheme in history. This type of scam is so effective, the SEC gave it its own … Continue reading
Miami’s Real Estate Market
Business Week had an article on how vulture funds have targeted the Miami condo market. Good news bad news. Bad news for developers, but I hardly think its news to them. More like a better idea on how their demise … Continue reading
New York Sting Nabs Tax Preparers
WSJ Tax article —————————————————————— New York Sting Nabs Tax Preparers NOVEMBER 26, 2008, 12:06 A.M. ET By TOM HERMAN New York State tax officials say they have uncovered evidence of significant fraud among professional tax-return preparers in a statewide sting … Continue reading
Auto Industry Bailout Debate
The chart comes by way of Greg Mankiw’s blog It’s fascinating to watch the auto industry bailout debate unfold. I have a natural aversion to arguments designed to pull at my heart strings, so if I see any version of … Continue reading
Poor Aren’t Poor Because Rich Are Rich
Economist Robert Samuelson at his best. He addresses the question of income inequality in his column. An excerpt: Judged only by economic inequality, the financial crisis is a godsend. It will probably narrow the gap though still vast between the … Continue reading
Freedom House
There is an organization out there that actually measures how free different countries are. Freedom House has been doing this work since 1972 and are strongly endorsed by the WSJ Editorial page, my personal measure of acceptability. This year, in … Continue reading
Do free markets corrode moral character?
My biggest concern about the fallout from the financial crisis–which lead to the Federal Rescue Plan–is whether the response to that will lead to over-regulation, i.e. trending towards the Rorschach-word of the day, socialism. The use of the ‘s’ word … Continue reading
The gamble of increasing tax rates
The gamble is that increasing tax rates on the wealthy will not cause them to alter their behavior to avoid the increased tax expense and as a result, will result in much greater tax receipts. I think most Americans assume … Continue reading
Hard jobs with few willing workers
Some articles are so useful, you wish you could ‘drag and drop’ them to a more prominent position in the paper. I found one in Wednesday’s Miami Herald’s Business section about Perdue Farms coming to Broward County to recruit poultry … Continue reading
Posted in Business & Economics
Tagged Miami Herald, Perdue Farms, William F. Buckley Jr.
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Deregulation vs. a lack of regulation
I dislike the ‘both parties are at fault’ argument. Strikes me as lazy, a way to avoid really thinking about an issue. Unfortunately, I found a good example of the ‘both sides’ argument in the debate over what went wrong … Continue reading
Posted in Business & Economics
Tagged Bloomberg, Credit default swaps, Deregulation, Economics, Peter Wallison
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