Monthly Archives: July 2010

Sustainably stupid

So, our Community Organizer-in-Chief just announced that we’re giving $2 billion in subsidies (a.k.a., “prepaid bailouts”) to a couple of companies to build some state-of-the-art solar powered money vaporizing plants. Okay, I realize they’ll also generate some electricity as a … Continue reading

Posted in Energy & Environment | Leave a comment

Pension? Ponzi? To-may-toe? To-mah-toe?

[Submitted/published State Journal-Register] Several writers have already responded regarding the bias Ralph Martire of the Center for Tax and Budget Accountability has in favor of the current state pension system (“Critics say 401(k)-style state plan unworkable, expensive,” July 1). The … Continue reading

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From Russia with Love

[Submitted/published State Journal-Register] I’m seriously confused over the whole Russian spy deal.  First, they’re not being prosecuted for spying — the government has stated these people weren’t trying to steal state secrets or technology.  So… what exactly was the mission?  … Continue reading

Posted in Economics & Politics | Leave a comment

Cumulative Probability of Default

Congratulations all around to our governor and legislators. Based on the global credit default swap market for government debt (where basically odds are made on how likely it is that various entities will default on their debt), Illinois aced California … Continue reading

Posted in Economics & Politics | Leave a comment