Core Incompetence

What you don’t know can kill you.  Back in the day, banks were sweating how to get machines to replace people in their back offices.  Had they not done so successfully, it would’ve been impossible to operate the way they do now on such a mind blowing transaction processing scale.  But they didn’t start out […]

Random Mutations

Look before you leap kind of begs the question.  Like what’s the commotion in your emotion? One of the two books that most influenced me intellectually was Lord Bertrand Russell’s “Wisdom of the West”.  He‘d made his intellectual bones with the logical foundation of Mathematics.  Russell was also a philosophical exponent of Analytical Logic. In […]

The Pit and the Pendulum

It seems like we’ve been taking the virtual out of the reality in this country with Edgar Allen Poe’s “The Pit and the Pendulum” ever since the Vietnam War’s lost innocence let the lunatics out of the asylum. First swing of the pendulum gave us Nixon.  Back on our meds, we went with Carter.  “The […]

Mis-Rule of Law

Injury piles on insult, when the rule of law jumps to conclusions in forcing facts to fit a legal theory.  Take the rights of individual citizens in a representative democracy.  Start with Freedom of Speech.  Then force the facts to monetize it.  Spending power moves up the ladder, on a slippery slope, from a benign […]

Set Thine House In Order

“Just because you do not take an interest in politics doesn’t mean that politics won’t take an interest in you.” (Pericles Funeral Oration in “The History of the Peloponnesian War” written by Thucydides in 431 B.C.E.)  Are there “systematic forces that sometimes turn good economics into bad politics, with the latter unfortunately trumping the economic […]

Bingo in the Boardroom

Go down the S&P 500 list and ask any CEO, where is the Magna Carta in their corporate charters for “the freedom of speech that was the right of Englishmen”?  (Citizens United v. Federal Election Commission, Supreme Court of the United States, 129 S. Ct. 2893 on June 29, 2009)  Corporate governance is no more […]

Cruising for a National Economic Bruising

Charles Darwin never actually said: “It is not the strongest of the species, nor the most intelligent that survives, but the one that is the most adaptable to change”.  (“Six things Darwin never said – and one he did”, Darwin Correspondence Project, University of Cambridge ©2013) So whoever baits you with this hook – from […]

Between the Cheat’s Political Sheets

Democracy is when two wolves and a sheep vote on what they will have for lunch. (Benjamin Franklin)  Instead of who pays the nation’s medical bills – we all do – better to ask who is getting paid?  It’s right there on the front page of The New York Times in “Fiscal Footnote:  Big Senate […]

Health Care’s Affliction of American Prosperity

Skyrocketing medical costs are a drain on national prosperity, a drag on employment and a damper on economic growth prospects.  “Since the start of the recession in December 2007, real health care spending…has increased by 12.7%…During this same period, real GDP excluding health spending fell by nearly 7% in mid-2009 and, with its recent decline, […]