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 I-95 / I-16
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Some happy thoughts courtesy of Paul Farrell at MarketWatch: Retire? You can fuggetaboutit if the new Global Debt Time Bomb is detonated by any one of 20 made-in-America trigger mechanisms. Yes, 20. And yes, any one can destroy your retirement because all 20 are inexorably linked, a house-of-cards, a circular firing squad destined to self-destruct, triggering the [...] 
Seen at the BBC: World’s tallest building opens in Dubai The world’s tallest building has been opened with a dramatic fireworks ceremony in the Gulf emirate of Dubai. The Burj Khalifa was revealed to be 828m (2,716ft) high, far taller than the previous record holder, Taipei 101. Known as the Burj Dubai during construction, the tower has been [...]
Over the weekend, Mark Whitehouse had a column in the Wall Street Journal which caught my eye. The punchline: The Obama administration expects the federal budget deficit to add up to more than $10 trillion through 2019, or about 6% of the decade’s gross domestic product, a broad measure of economic activity. Under those forecasts, [...]
From a Washington Post article on updated federal deficit estimates: $1.4 Trillion in Red Ink Means Less to Spend On Obama’s Ambitious Jobs, Stimulus Policies Maybe it’s all the years studying applied math and statistics in college, and the years I’ve spent putting that knowledge to use as an actuary… but if you’re already spending significantly more money [...] 
While I have in the past disagreed with him on some points, I generally respect former Fed Chairman Greenspan’s opinions. And this time, they’re spot on. As seen at CNN: Greenspan told the ABC program "This Week" that the federal debt was already getting too big, so reforming health care must do more than achieve what [...]
While the graphics in USA Today sometimes make the paper feel a little too frü-frü, sometimes they do a very effective job at telling a story: I appreciate the need to help reignite the economy after last year’s crash…but doesn’t the path we’re heading down have a certain…Zimbabweish feel? Contrast that with what’s happening in Germany, according [...]
For those of you who are so inclined, it seems that the New York Times has a fascinating, if sad, interactive map online, showing the foreclosure rates by census tract in its primary market for 2005, 2006, 2007, and 2008.
I’ve been deluged with work again, since I returned from my quick trip out of town. During the deluge, Congress passed a credit card reform bill. Consumer Reports describes the high points of the measure as follows: Interest rates can’t be raised during the first year of an account 
I’m currently visiting family in Memphis, where family time and my folks’ four dogs limit blogging time. However, I would be remiss if I didn’t share at least one image from my first visit to Tunica in about 20 or 25 years. Tunica has changed dramatically since gambling was legalized. 
The Washington Post posted this graphic describing the forecasted deficits arising from the budget which passed Congress this week:
I’ve been willing to accept the need for running a federal budget deficit on occasion, when required due to unusual circumstances, such as war or stabilizing the economy for the benefit of all. But [...] |
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