If you caught my video “Credit Default Swaps and the European Debt Crisis“, you know that those who lent to Greece had the opportunity to buy a unique form of insurance called a Credit Default Swap, or CDS… Insuring that if Greece didn’t make good, someone else (generally a large financial institution) would.. At least [...]

According to yesterday’s New York Times Article U.S. Rule Set for Cameras at Cars’ Rear, tragically, two children are killed and fifty injured every week by [mainly] family members backing their automobiles… Therefore, in a move loving parents would surely endorse, the government is about to mandate rear-viewing cameras in every new automobile beginning 2014…  [...]

The UAW Choir parades a banner featuring Mitt Romney’s infamous quote “Let Detroit go bankrupt” (preceded by “Mitt Romney said:”), while in route to their performance at the Republican front-runner’s economic address… Their conductor (with a bullhorn) is none other than their president Bob King… They’ve come to debut their latest single; Thank You President [...]

I’m afraid I’m going to step on a couple toes here… One, for this reactionary critique of the Tea Party… Two, for not having truly delved into the whole Tea Party message (I imagine we agree on many of the eight toes remaining)… I’ll say first that I sympathize passionately with what I believe to [...]

I gotta tell  ya, if you think for a minute that trade (“free” or unilateral) is somehow, on net, bad for the U.S., you have another think coming… Just consider these two headlines from CNBC.com this morning: 1: “HP, Dell Watch China Labor Costs for Apple”… Last week Foxconn (they assemble all three’s products) raised [...]