Archive for March, 2011

Lawyers, Artificial Intelligence And Creative Destruction

I’m a bit behind on my posting, so this is dated by a couple of days, but there are a couple of articles and an opinion piece by Paul Krugman that I highly recommend. The first is a piece that appeared in the NY Times. It’s a review of the threat that artificial intelligence poses […]

The Unassailable Math Of Health Care

OK, I know you are sick to the point of nausea of hearing that the solution to America’s fiscal problems lies in controlling health expenditures. Unfortunately it’s true as this graph from John Hempton makes strikingly clear. As John points out there is one hell of a lot of room to squeeze down expenditures without […]

Everything You Need To Know About Pensions

If you are really on the wonkish side and have a burning desire to research state and local pension plans then here’s a tool you have to have. It’s a comprehensive data base that Boston College has up. Really, it’s kind of cool to play around with and great for arming yourself with statistics you […]

Some Surprising Numbers On Derivatives

I usually don’t get overly concerned about derivatives and bank exposures but this caused me to pause: A proposed accounting change spotlights the problem. The draft rule issued in January would require companies to show the total value of derivative assets and liabilities on balance sheets, rather than netting them off against each other. Already […]