This story is going hugely viral: Economist Removed from Plane for Algebra The outpouring of sympathy and firestorm of righteous indignation, similar to that observed after the Ahmed Mohamed clock story, is more evidence we’re in an era of the ‘STEM celebrity‘, of which economics is part of. Had an obese snoring passenger been removed… Continue reading I Can Tolerate Anything Except Factual Inaccuracies
Month: May 2016
Donald Trump Wrong About Treasury Bonds
Even though Josh Brown of the Reformed Broker leans ‘left’, I agree stiffing treasury bond holders, hurting America’s credit worthiness and causing a multitude of problems in the process, is a bad idea: The whole world runs on the premise that US debt is risk-free in terms of return of principal, backed up by our… Continue reading Donald Trump Wrong About Treasury Bonds
Guest/User-Contributed Content is Clogging Google
In 2011 and 2012, Google introduced sweeping updates to minimize low-quality, thin content on its search results. However, there seems to be a new type of ‘spam’ that is more subtle but also annoying: user-contributed content, also known as content farms. For the sake of simplicity, assume there are three types of sites: Sites run… Continue reading Guest/User-Contributed Content is Clogging Google
The Biotech/Heathcare Scam Bubble Bursts
In early 2015, I expressed sentiment of healthcare and biotechnology being a ‘scam’, divided into two parts: 1. The ‘scam’ of exorbitantly priced treatments (orphan drugs) for rare diseases, which are paid for by taxpayers. Since policy makers have this fixed belief that every life is worth saving at any cost, drug companies have an… Continue reading The Biotech/Heathcare Scam Bubble Bursts
The Logical Inconsistency of Collapse-ism
From Aeon Physics is on the verge of an Earth-shattering discovery The mere announcement of what might be the first signs of a new particle, delivered at the end-of-the-year LHC seminar on 15 December 2015, sent theorists into a frenzy. Expectations are so high that there are already 338 scientific papers on the possible nature… Continue reading The Logical Inconsistency of Collapse-ism
Zerohedge
This is pretty funny…and maybe old news to some The real identities of ‘Tyler Durden’ and Zero Hedge have been revealed The identity of the bloggers running Zero Hedge has long been the subject of speculation in the financial community, with Ivandjiiski often cited as the likely source of much of the site’s content. As… Continue reading Zerohedge
Failed Predictions of the Demise of the EU
‘The EU Is on the Verge of Collapse’—An Interview Just like many pundits predicted the financial problem of 2008 would follow a similar trajectory as the Great Depression, which it didn’t, now many predict the EU will collapse like the Soviet Union. I’ve also I’ve noticed a trend recently of sites on the ‘right’ legitimizing… Continue reading Failed Predictions of the Demise of the EU
Adulting
Adulting is now a ‘thing’: Adulting (v): to do grown up things and hold responsibilities such as, a 9-5 job, a mortgage/rent, a car payment, or anything else that makes one think of grown ups. Used in a sentence: Jane is adulting quite well today as she is on time for work promptly at 8am… Continue reading Adulting
Getting Around the Reverse-Flynn Effect
From yahoo.com: Researchers say Western IQs dropped 14 points over last century A new study from researchers in Europe claims that the average IQ in Western nations dropped by a staggering 14.1 points over the past century. “We tested the hypothesis that the Victorians were cleverer than modern populations using high-quality instruments, namely measures of… Continue reading Getting Around the Reverse-Flynn Effect
Bill Clinton vs. Sanders
By ‘left’ I don’t mean all liberals. Bill Clinton, despite his flaws, is an example of a liberal who, through his technology initiatives, promoted individual success, unlike Sanders who threatens to suppress and punish it. Clinton understood that the health and success of an economy depends on the ability of exceptional people to innovate and… Continue reading Bill Clinton vs. Sanders