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POPSScientists adapt economics theory to trace brain's information flow Scientists believed the frontoparietal cortex was influencing the visual cortex, but the brain scanning approach they were using, functional magnetic resonance imaging (fMRI), can only complete scans about once every two seconds, which was much too slow to catch that influence in action. When researchers applied Granger causality, though, they were able to show conclusively that as volunteers waited for the stimulus to appear, the frontoparietal cortex was influencing the visual cortex, not the reverse.
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POPSI'd Rather Listen to Insects Buzz (continued) Listening to politicians, regardless of party, discuss economics makes me sick both to my head and to my stomach. And the only people who are not similarly affected, I fear, are persons whose knowledge of economics is sufficiently scant -- or whose ethics are sufficiently perverted -- to protect their senses from being insulted by what issues forth from the mouths of politicians speaking on economic topics. So as an economist, I am no more interested in having Sen. Obama (or Sen. McCain) come to GMU's campus to lecture us on "how to manage the economy" than I would be, say, to have O.J. Simpson come to GMU's campus to lecture us on how to manage one's marriage. Sincerely, Don Boudreaux Professor and Chairman Department of Economics George Mason University
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POPSPost-bailout AIG spends $440,000 for "retreat" at a California resort Congressman Waxman also said that there was evidence that the former CEO changed the bonus schedule in order to insure that top executives would continue making multi-million dollar salaries, even as their company went broke. "Mr. Sullivan and the other top executives should have had their bonuses slashed due to poor performance," said Waxman. Sullivan received a $15 million golden parachute payment when he was let go in June, says ABC.
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POPSFrom Goldwater to McCain "The American right has come full circle in 44 years, with two allegedly maverick senators from Arizona playing bookend roles, one at the beginning, one perhaps at the end"
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POPSU.S.Treasury's Kashkari to Lead Bank Bailout Office (Update1) ``We need to think through what's the best for securities, for loans, to help strengthen the balance sheet of the institutions.'' Anthony Ryan, the Treasury's acting undersecretary for domestic finance, said in an interview today on CNBC. ``We are focusing on the broader issues, the mortgage- related assets.'' Senate confirmation is required to fill the position for which Kashkari will be nominated. The Treasury hasn't specified the length of Kashkari's tenure, or whether the White House would nominate him officially. The Bush administration remains in office until January. Ben Dover, "Dewey Screwem and Howe" via tom mcguire
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POPSConfusing - This Economic Crises - Isn't It? I f documented and undocumented migrant workers in US send less money back to their families and relatives at home, then their relatives can't buy exported US goods and the American economic crisis gets worse. So, we need a bailout plan or economic stimulus plan to get more money into migrant workers' hands so they can send more money home, so they can buy US exports? And all this time, fright mongers were telling us that migrant workers were costing us? See it's confusing and not as simple as the simple minded have been telling us - eh?
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POPSJim Cramer: Abandon the market immedieately, no matter the losses you take "Whatever money you may need for the next five years , PLEASE take it out of the stock market right now, this week. I do not believe you should risk those assets in the stock market." See also: Wall Street's Racket Has Gone Too Far, and We're Going to Pay the Heavy Price When Jim "Mad Money" Cramer says sell immediately, no matter the loss you take... If America goes bankrupt, I hope we at least have enough cash on hand to get our troops a cab ride home from our far-flung (and expensive) empire.
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POPSChoose Your Poison or Go 3rd Party? I think the decision should be easy, I cannot get why so many still will vote for one of the two in the clip, it just makes no sense whatsoever! I hear many say let's vote out of office anyone who voted yes to the $700b bailout, yet BOTH of these two voted yes and those same people are still considering voting one or the other INTO the highest office. Can someone who is doing this, please explain it, thanks.
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POPS"Welfare State Mentality" at the bottom of our financial woes! He who is ever desiring wealth goes running after money, and does not see that need will come on him. Prov 28:22 (BBE) Wealth gained hastily will dwindle, but whoever gathers little by little will increase it. Prov 13:11 (ESV) If you work hard for it you will appreciate the fruits of your labor more so then if it is simply handed to you without the toil and the sweat.
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POPSChalmers Johnson on the "Pentagon Bailout" "There has been much moaning, air-sucking, and outrage about the $700 billion that the U.S. government is thinking of throwing away on rich New York bankers who have been ripping us off for the past few years and then letting greed drive their businesses into a variety of ditches. In fact, we dole out similar amounts of money every year in the form of payoffs to the armed services, the military-industrial complex, and powerful senators and representatives allied with the Pentagon. "
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POPSVOODOO ECONOMICS Over 20 years have they gone and resisted transparency thru smoke and mirrors and other charades, now the only question remains: Can we actually save Capitalism? And should; we?
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POPSThe Real Culprits - Part One And in so doing, he helped create the market for the risky subprime loans that he and Democrats now decry as not only greedy but "predatory." Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the '90s by Clinton and his social engineers. They were the political catalyst behind this slow-motion financial train wreck. And it was the Clinton administration that mismanaged the quasi-governmental agencies that over the decades have come to manage the real estate market in America.
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