Category Archives: Economics

Some banks who wrecked the world economy

Britain: 2009 In Britain, the most egregious case was RBS, a now majority state-owned bank that announced in February 2009 that it intended to honour £1 billion in bonus contracts.1 2012 The Barclays chief executive, who was paid £18 million last … Continue reading

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Football Review: Dagenham and Redbridge vs. Chesterfield Saturday 15th September 2018

Dagenham (‘Redbridge’ is silent amongst hard core fans) have had a torrid 2018. The principal sponsor and benefactor withdrew support and with very poor crowds (a home crowd of about 1000 + away support) and mounting debts it looked like … Continue reading

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Britain’s incoherent drug laws

The British government’s rhetoric about drug use is facile. Heroically misplaced aspirations are paraded with the premise that positive action will be decisive. A so-called Drug Tsar was appointed as long ago as 1998. Why, one wonders, would a British … Continue reading

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Paying for blood: a good thing?

Only countries that pay for plasma are self-sufficient in it. (Italy where donors are given time off work, is close to self-sufficiency.) Half of America’s plasma is shipped to Europe- 20M contributions worth. Canada imports 80% of its plasma products … Continue reading

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John Kenneth Galbraith’s Wealth and Poverty (1963)

“The modern conservative… not even especially modern… is engaged… in one of man’s oldest, best financed, most applauded, and, on the whole, least successful exercises in moral philosophy. That is the search for a superior moral justification for selfishness….Social Security … Continue reading

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Educational discrimination at Harvard University

University officials did concede that its 2013 internal review found that if Harvard considered only1 [my emphasis] academic achievement, the Asian-American share of the class would rise to 43 percent from the actual 19 percent. What they value more than … Continue reading

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Why you are dissatisfied with your wonderful life

Necessities become things that are beneath our notice. Conveniences become necessities. Luxuries become conveniences. And then we invent new luxuries…. http://www.bradford-delong.com/2018/06/current-links-1-1-1-1.html Chris

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