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POPSIn Search of Wisdom: What is the Root Cause of Inequality? When there is nothing quantifiable to possess, we would neither know what the share of each individual is nor think of equality; if there was no notion of equality, we would not care that some have more than the others. Fortunately or unfortunately, there is always something to be possessed and our mind is naturally keen on the subject of equality
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POPSBrain-Damaged Traders Prevail in High-Risk Investing Situations Dramatic studies show human emotions can get in the way of profit maximization. As the rounds progressed, the "normal" participants passed, becoming cautious and concerned about conserving their winnings. Those with lesions did not, and ended the game with an average of $25.70, almost $3 more than the "normal" group.
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POPSObama's "Equal Pay" For Women [Not So Much] The average pay for the 33 men on Obama's staff (who earned more than $23,000, the lowest annual salary paid for non-intern employees) was $59,207. The average pay for the 31 women on Obama's staff who earned more than $23,000 per year was $48,729.91. (The average pay for all 36 male employees on Obama's staff was $55,962; and the average pay for all 31 female employees was $48,729. The report indicated that Obama had only one paid intern during the period, who was a male.)
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POPSUS Economy Rebounds According to Democrats - we have a terrible economy. So this surge must be due to... let's see what would work here well... Obama's acceptance speech tonight... and in the immortal words/voice of Jon Lovitz, "yeah, yeah, that's it!"
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POPSPlanning the Future of Rwanda "A bit perversely, the genocide itself has become a sort of psychic engine for development, the glimpse of darkness that inspires the light" Capital of Rwanda: Kigali Population in 1990: 7 million Killed in the 1994 genocide: 800,000 Population today: 9.7 million Estimated population in 2030: 20 million Urban population in 1990: 5.3% Urban population in 2003: 21.8% Kigali annual growth rate: 7–9% Kigali population in informal settlements: 83% Average per-capita annual income: $280 Population with regular access to electricity: 5% Projected population with access to electricity in 2011: 10%
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POPSBanking Crisis: Worst to Come These new regulations require banks to show how much cash they actually have. Very inconvenient. As with all recent economic concerns the worry comes not from screaming lefties, greenies etc but from sober, conservative economics commmentators. Time to buy a caravan.
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POPSMAD AS HELL AND NOT GOING TO TAKE IT ANYMORE!
I don't know about you, but I'm tired of sitting still like some sacrificial lamb while the POWERS TO BE stomp our faces down deeper into the mud. Like film hero Howard Beale, we middle-class Americans are starting to scream, "I'm mad as hell, and I'm not going to take it anymore!" It's time for all of us to stop listening to the lies and propaganda spread, by the likes of Fox Noise and the Limbaughs. We're all in this together so let's wise the hell up and fight back before we become too financially frail to do so. (Now, if I only had a plan!) Oh, here's an idea, no more shop till you drop, like Bush urged us to do after 9/11. No more luxury items, touted as a way to happiness by the Corporate World and No more "Shopping is Patriotic" Rovian symbolism. Eyes wide open and purses closed, will make the biggest impact on our leaders, rendering them impotent to the point where they can do nothing else but LISTEN to our demands! WHAT A TOOL WE POSSESS AND DO NOT USE. It's a mind-boggler!
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POPSBuy stocks on bad employment report?? Interesting. I hope this guy is right. He's saying that the market's interpretation of the employment report was wrong. I would assume that regardless of the employment report, the big spike in oil must have spooked the market today.
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POPSThe Price of Putin
when Russia defaulted, and the amount of cash leaving the country in the second week of August was the highest on record. Russia's central bank, which reported the $16.5 billion decline last week, still reckons to have $581 billion in reserves, money being stored away when the oil runs out and the gas flow starts to falter. This may come somewhat sooner than many think. Finance Minister Alexei Kudrin spoke after the Cabinet approved the draft federal budget for the next three years, which assumes that Russia's main oil blend, Urals, will sell for at least $95 a barrel. (Russian government's own budget estimates, oil is expected to drop to $90 in 2010 and $88 in 2011.) At current rates of extraction combined with rising national consumption, Russia's known oil reserves will start to run out in the 2020s, and a lack of investment in maintenance and development means the two main gas fields expected to maintain Russia's export income are falling ominously behind schedule.
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