Image via Wikipedia John Allison, who for two decades served as chairman and CEO of BB&T, the nation’s 10th largest bank, told CNSNews.com it is a “mathematical certainty” that the United States government will go bankrupt unless it dramatically changes its fiscal direction. Allison likened what he sees as the predictable future bankruptcy of the United States […]
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Late night reflections on theory
In preparing these remarks I was struck by how our use of the word theory encompasses both theory and practice. There’ve been discussions in these threads already about various theoretical models which may be used to describe, explain and predict organizational behavior. Then there are references to theories – in – use where the sense […]
Looking behind the curtain of global warming once more
Image via Wikipedia An alarming letter from a physicist of great renown, slamming the professional ethic of his peers and their professional organization. he asserts that, just as the military-industrial complex has perverted common sense notions of appropriate defense programs, so to has the research grant gravy train perverted notions of a pure scholarly approach […]
Eliot Spitzer on CNN
Image by steve louie via Flickr what a buffoon. Did he run out of hookers to chase? Who thought it was a good idea to give him a microphone …so we can listen to his excellent and reasoned judgment credits Clinton with giving us a budget surplus; blames libertarian economics for the current budget disaster […]
A self licking ice cream cone, funded by taxpayers
Image via Wikipedia A classic example of self-licking ice cream cones and how you can convince yourself that bad ideas are good ideas as long as you can fund them with other peoples money On Monday, District residents’ tax dollars went to pay Summer Youth Employment Program participants to attend a Council oversight session at […]
Adios, Civil liberties
Image by 3zooz Photography™[In Zurich <3 ] via Flickr This phenomenon must inevitably lead to the further erosion of our civil liberties. The consequences of planned violent action for political effect, aiming at nothing more than chaos as a precondition for civil disorder, goes far beyond anything the founders ever conceived. The window of opportunity […]
Obama thinks we are “out” of the mess, thanks to his policies
Image via Wikipedia If there were ever a case of not knowing where you are or what’s going on around you: [Obama]….But he also says the midterm congressional elections could come down to “a choice between the policies that got us into this mess and my policies that got us out of this mess.“ Related […]
Traders roundtable: explaining the Continuation pattern
A continuation pattern requires a “successful” previous trade. Each of the original patterns: WO, TS, 5DD, maxpain: all are probabalistic hypotheses; we ventured into the trade on the possibility it may reward our risk; The success of the first pattern gives us reason to believe (in the form of evidence!) that the target is moving in our […]
Globalism giving way to regionalism in front of our eyes
Image via Wikipedia i think we are getting ready to see a move from globalism to regionalism in terms of markets. as governments try to keep jobs in critical indistries closer to home and buying their own stuff first regional competition vs global competition The free market principles increasingly popular around the world over the […]
Military Acquisition: a political process?
Image via Wikipedia If acquisition is a political process (and it should be since the military is subordinate to the civilian, AND is in support of the values of the political system), then effectiveness is probably more important than efficiency. Effectiveness is may have to be defined as the “best” political compromise, ie one in […]