Archive for April, 2011
Obama Stuffs His Birth Certificate Down Trump
TRUMP ON OIL “WHY IS NONE OF OUR POLITICIANS WILLING TO TALK ABOUT OPEC?”
Donald Trump dropped a barrage of F-bombs where he blasted the president repeatedly and slammed politicians as “blood suckers.”
“Our leaders are stupid, they are stupid people,” he said to the crowd of about 1,000 people at the reception at the Treasure Island casino along the Las Vegas Strip, sponsored by the Clark County GOP and three women’s groups. “It’s just very, very sad.”
Billionaire Warren Buffett said, “We’re a growing country, and we’re going to have a growing debt capacity,” Buffett said today at the annual meeting of his Berkshire Hathaway Inc. “In my view, there’s no chance that they don’t increase the debt ceiling.” Read More>>>>
Will raising the debt limit signal to markets what we want? Or will it signal an unwillingness to deal with tough decisions on spending and debt in the near term? Cato Institute Senior Fellow Jagadeesh Gokhale suggests that refusing to raise the debt limit (until programs like Medicare, Medicaid and Social Security are reformed) could signal to markets a greater willingness to deal with long-term fiscal issues sooner rather than later.
“Fight of the Century” is the new economics hip-hop music video by John Papola and Russ Roberts.
According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. Yet we’re all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we’re still in?
In “Fight of the Century”, Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What’s the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more spending come from the top down or from the bottom up? What are the ultimate sources of prosperity?
Keynes and Hayek never agreed on the answers to these questions and they still don’t. Let’s listen to the greats. See Keynes and Hayek throwing down in “Fight of the Century”!
Starring Billy and Adam
Visit http://www.econstories.tv for the full lyrics.
May 02, 2011 – Second time Sony admits computer hackers breached security of another 24.6 million for more than 100 million accounts.
Read More LATIMES
“Sony says people in 59 nations use the PlayStation network. Of the 77 million user accounts, about 36 million are in the U.S. and elsewhere in the Americas, 32 million in Europe and 9 million in Asia, mostly in Japan.
The Ponemon Institute, a data-security research firm, estimated that the cost of a data breach involving a malicious or criminal act averaged $318 per compromised record in 2010, up 48 percent from the year earlier.
That could pin the potential cost of the PlayStation breach at more than $24 billion.”
