In The End of Economic Man: The Origins of Totalitarianism (1939), Peter F. Drucker argued that capitalism can generate economic development, but he believed that capitalism was bad as a underlying social system due to its “failure to establish equality by economic freedom.” Drucker believed this is why the Germans and Russians chose socialism (although this was an ideology that Drucker…
Obama has made a poor choice of Jeffrey Immelt as his “Jobs’ Guru,” also known as head of the Council on Jobs and Competitiveness (a new group that replaces the Economic Recovery Advisory Board). Immelt has said, “It should be our goal [to restore the 2 million jobs lost in the recent recession]…. Restoring manufacturing…
The video, A Fair(y) Use Tale, was created in 2007 by Eric Faden of Bucknell University to illustrate key concepts of U.S. copyright law. It uses short clips from copyrighted Disney movies.
California should seriously consider passing a law that forms the State of California doing business as the State Bank of California. Its funding model would be to serve as the depository for all state tax collections and fees. With this captive deposit base, the bank could pay a competitive rate to the state treasurer. Then, these…
BP Live Video Feed of ROV monitoring damaged riser
Image via Wikipedia Senator Lisa Murkowksi (R-AK) blocked Senate Bill S.3305, the “Big Oil Bailout Prevention Liability Act” yesterday. This proposed law would cap BP’s (or any other oil company’s) liability at $10 billion, even if damages from an oil spill surpass that figure. The current liability cap under OPA is $75 million. Murkowski, who became a Senator…
Based on its out-of-control well’s latitude (approximate) of 28° 44.20′ North and longitude (approximate) of 88° 23.23′ West, the current oil slick should reach the following places on these approximate dates with these then current spill sizes in gallons: Mobile Bay, 5/3/2010, 15.6 million gallonsGulfport, 5/10/2010, 23.4 million gallonsTampa Bay, 10/11/2010, 194.8 million gallonsGalveston, 11/23/2010, 242.6 million…
synthetic collateralized debt obligation