Posts filed under “Current Affairs”

States Embarrassing the Feds, part II

Houston Chronicle shut out of 2 more hearings By MARY FLOOD
Fastow transcript still denied release,

A federal judge held two more closed hearings in the criminal case against Andrew Fastow and two other former Enron executives on Tuesday and refused to unseal the transcript of a July 28 hearing he also held in secret.

U.S. District Judge Kenneth Hoyt said he might continue to close hearings if he thinks it necessary.

“There are matters that do not need to be discussed in public in ways that embarrasses or humiliates the government or the defense and particularly the court,” he said.

I don’t know who Judge Hoyt is, but he seems unqualified for the bench . . . At best, he’s guilty of incredibly poor judgement — not the shortcoming you want in a person who’s job it is to exercise judgement . . .

Category: Current Affairs, Finance, Politics

Why the States are embarrassing the Feds

Category: Current Affairs

The Beeb asks the rest of the World about U.S.

Category: Current Affairs

Physics vs. Economics

Category: Current Affairs

Bad Medicine, part I

Category: Current Affairs, Finance, Music, Politics

OMB Watch: Disturbing Pattern Emerging on Government Budget Analyses

Category: Current Affairs, Finance, Politics

Terrorism Futures Market: Much Ado About the Wrong Thing

Category: Current Affairs, Finance, Politics, War/Defense

Weekend Reading

Category: Current Affairs, Finance, Politics

Terror Futures Market

Category: Current Affairs, Finance

The Danger of Dogma

About six months ago, Professor Boskin, an economist at Stanford who was chairman of the Council of Economic Advisers under the first President George Bush, released a paper suggesting that the federal government had a bounty of $12 trillion coming that no one had bothered to count.

Baby boomers and others, who spent decades making tax-free contributions to their I.R.A.’s and 401(k) plans, would soon begin paying taxes on withdrawals from those accounts, Professor Boskin noted. The windfall from all that, he argued, would more than cover the deficits in Social Security and Medicare.

But now it appears that Professor Boskin fired a blank. On July 17, after his ideas were discussed on TV, he quietly notified his colleagues that his equations contained an error. Though he is busily overhauling his paper even now, his latest moment of fame may have already passed.

Download “It Looked Good on Paper” NYT pdf

Category: Current Affairs, Finance, Politics