I'm with Senator Reid on brothels

I’m with Senator Reid over Goodman on the issue of brothels. Unless somebody can show me how the use of prostitutes engenders a net economic benefit, I don’t see why such an activity should be legal. In my estimation, it’s immoral. It degrades women, turning them into objects to be bought and sold. Prostitution . . . → Read More: I’m With Senator Reid on Brothels

Speaking of Chutzpah…

It takes a lot of it to write something this asinine:

Let’s start with S.& P.’s lack of credibility. If there’s a single word that best describes the rating agency’s decision to downgrade America, it’s chutzpah — traditionally defined by the example of the young man who kills his parents, then pleads for mercy . . . → Read More: Speaking of Chutzpah…

Quantitative Absurdism... or If Godot Traded Fixed Income Securities

This article from Friday just is killing me. The title is “Pittsburgh Water and Sewer Authority counts on $1 million in savings“

OK.. the ‘savings’ is at best relative to the huge costs the bond in question has cost the PWSA over the years. So they are moving a small bit back toward normalcy . . . → Read More: Quantitative Absurdism… or If Godot Traded Fixed Income Securities

Economic Events on August 15, 2011

At 8:30 AM EDT, the Empire State manufacturing index for August will be released.  The consensus is that the index value will be 1.0, which would be 4.76 points higher than the value reported in July.

At 9:00 AM EDT, the Treasury International Capital report for June will be released, showing the flow of . . . → Read More: Economic Events on August 15, 2011