Saturday, November 19, 2011

Links of the Day - Economics

If you read no other link, scroll down and read the last one.

"Our problem is not that we don't have enough stuff -- it's that we don't have enough ways for people to work and prove that they deserve this stuff." Unconventional story will give you a new way of looking at things.

This symptom probably applies to the majority of Air Force procurement projects. More Air Force officers can fly Powerpoint than fly an aircraft (sad but true).

...Due to having the largest portion of their supply chain within the US.

So says one of the stars of "Deadliest Catch"

German executive arrested under Alabama's Immigration laws. That'll attract foreign investment...

A free market, until it's their neck in the noose.

Nabors Drilling Exec gets fat payday
Isenberg's payment would exceed Nabors' third-quarter profit of $74.3 million. A horrible executive gets a gigantic payday, against the wishes of the stockholders.

Banks are unpopular with #OWS'ers and conservatives.

With Christmas shopping around the corner, long live the Consumer?

And people accuse the #OWS crowd of hating bankers...

Can you imagine letting prisoners save your house? Coming to a budget-strapped city near you!

World Power Again Swings back to America
Talks about 80's US/Japan fall/rise trend that ended up with a lot of journalists with egg on the face. One key factor: a weaker dollar helps out US manufacturers. There were also some interesting discussions on Twitter about how NOLA-area merchants LOVED it when the dollar was weaker because they had European tourists spending like mad. Now, with the Euro in the gutter, those tourists are gone.

Fascinating article

Michael Lewis is the best writer out there when it comes to the economy. He covers the German/Greek debt crisis from an unusual perspective.

H/T : "Read this then tell me who has done more damage to the country, Al-Qaeda or business schools"

Statistics-rich article.

Over the past decade, on average, wages have risen only for Americans with graduate degrees

Report: Rich-poor gap growing - Mackenzie Weinger -
50% of US workers made less than $26,364 last year

A sobering read.

Now THIS is an interesting monkey wrench.

Linked to by LGM.

"American firms have been laying-off their engineering staffs for years. In today’s world of MBA-managed companies, R&D is perceived as not being a good use of money." Horrifying.

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