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  • The Problems Of HFT, Joe Stiglitz Edition [View article]
    Americans have a strong sense of fair play, and regardless of what the actual facts are, very few retail investors believe HFT is fair. This is why Michael Lewis struck a chord when he asserted the market is rigged. There's a perception of unfairness, and those responsible for market governance had better do something about it.
    Apr 18 12:10 AM | 1 Like Like |Link to Comment
  • Clear And Present Danger To The World Economy [View article]
    If Putin makes further moves against Ukraine, and there's almost zero chance he won't, that will bring to a screeching halt any political moves in the United States to cut our own defense spending. Putin is doing such a good job of reinvigorating the U.S. military-industrial complex you've got to wonder if they paid him to do it.
    Apr 17 11:50 PM | 2 Likes Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    "its just shifting the cost of subsidization to walmart and McDonalds instead of the government paying for it."

    From my viewpoint as a taxpayer, that's the whole idea. Why should I be forced to help pay for Walmart's and McDonalds' labor costs? I'm tired of the corporate socialism we have in this country now.
    Apr 17 03:04 PM | 2 Likes Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    WMarkW, let me see if I understand your argument. First, you say government shouldn't require employers to pay a living wage because that violates their property rights. Second, you suggest that government support these workers (with funds that presumably will come from taxpayers). Is this correct? If so, please explain why this doesn't violate taxpayers' property rights by taking from them to give to employers? Isn't that confiscation for a private purpose?
    Apr 17 02:56 PM | 2 Likes Like |Link to Comment
  • Kinross Gold: The Disappearing Reserves [View article]
    Yes, what you're missing is the cost of extracting a few grams of gold from each ton of rock.
    Apr 17 01:34 AM | Likes Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    "At the lower left end of the spectrum....I can show you some people I know that aren't even worth minimum wage."

    Some prominent bankers and Wall Street figures come to mind.
    Apr 17 01:28 AM | 1 Like Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    So your argument is we taxpayers should subsidize the labor costs of employers who don't want to pay a living wage so they can make higher profits. Great. Who subsidizes we taxpayers?
    Apr 17 01:26 AM | 1 Like Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    The federal minimum wage is for states run by people who think workers should be paid nothing. (Think "Confederacy" and "slavery".)
    Apr 15 07:45 PM | 1 Like Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    "If raising wages was this magical thing, why not just give everyone a million dollar minimum wage?"

    Someday we will. Just give inflation a little more time, and we'll get there.
    Apr 15 07:42 PM | 1 Like Like |Link to Comment
  • Great Graphic - Case Study: San Jose Hiked Minimum Wage [View article]
    The whole issue of minimum wage is so politicized that people believe what they want to believe, and all you'll get in the comments is the standardized talking points that everyone has memorized. This issue won't be resolved by rationale discussion. It'll be resolved by party-line votes in Congress and state legislatures. Democrats are for raising low-paid workers' wages, and Republicans are against it. Their reasons don't really matter. Which side has the most votes is what matters.
    Apr 15 07:41 PM | Likes Like |Link to Comment
  • The Future For Fracking [View article]
    "They even try to explain that away."

    Yes, by explaining that climate and weather are two different things to people who haven't figured that out yet.

    What you call a "myth" is the professional conclusion of nearly all the world's climate scientists. I'm inclined to go with their empirical research results over the politically-motivated wishful thinking of people with no scientific training until someone gives me a good reason not to.

    This article is about fracking vis-a-vis water supply and contamination. I'm not against fracking just because it produces more fossil fuels to consume. I think it's a mistake to ignore what technology can achieve in dealing with these issues.
    Apr 11 02:15 AM | 1 Like Like |Link to Comment
  • Why Progressives (And Everybody Else) Should Care About Corporate Profits And Stock Prices [View article]
    The really interesting question is: As between jobs and spending, and profits and stock prices, which is the tail and which is the dog?
    Apr 11 01:36 AM | Likes Like |Link to Comment
  • Why Progressives (And Everybody Else) Should Care About Corporate Profits And Stock Prices [View article]
    "almost all of the gains have gone to producers, and almost none to labor"

    Interesting word choices. I've always thought "producers" and "labor" were one and the same.
    Apr 11 01:32 AM | Likes Like |Link to Comment
  • The Economy Without Stimulus [View article]
    Recent experience suggests that laying off teachers and letting our infrastructure rot is not a sure-fire path to renewed prosperity.
    Apr 11 01:26 AM | 1 Like Like |Link to Comment
  • Another Debt Milestone [View article]
    The $17 trillion includes debt the U.S. government owes to itself. The national debt owed to others is more like $10.9 trillion, which is less than corporate ($13 trillion) or household ($13 trillion) debt.
    Apr 6 11:52 PM | 1 Like Like |Link to Comment
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