Baumal’s Disease (very important, so please read)

As pointed out in Pearlstein’s Washington PostP article of 10/7/12, economists Baumol and Bowen, back in the 1960s, foresaw the situation we see in the US (and also in the UK and Europe) in the early part of the 21st century. Over the last 50 years there have been huge productivity gains in agriculture and …

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The super rich and taxation

According to the Spectrem Group, 68% of American millionaires favour raising taxes on their fellow millionaires.  Other research suggests that rich people don’t regard themselves as rich and think of themselves as part of the 99%.  What part of an income of $330,000 annual income do they think excludes them from the 1%, for heavens …

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The Giant Snoop

Earlier this year the UK government announced that it had authorised GCHQ to monitor all communications on social media, Skype calls and emails as well as logging every site visited by internet users in Britain. Huge amounts of completely stupid and unnecessary chatter and “information”  clogs the air waves, the internet and the social media. …

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Harvard and the lack of integrity

125 out of 279 Harvard undergraduates who recently took the course called “Introduction to Congress”  are accused of cheating in their final exams, plagiarizing the identical passage (presumably from a course book or something on the Web). And these are America’s brightest and best?  What on earth is the point of cheating in a final …

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