Sunday, June 15, 2014

Federal Judges as Rubber Stamps

Monday, June 9, 2014

Appeals Court Ruling in Citi Case Is a Gift to Big Banks

Anyone still waiting for justice with respect to the role that large banks played in the financial crisis had to be disappointed in a New York appeals court's ruling in a case involving a settlement agreement between Citigroup Global Markets and the Securities and Exchange Commission. Read more at:

http://www.americanbanker.com/bankthink/appeals-court-ruling-in-citi-case-is-a-gift-to-big-banks-1067939-1.html

Also see: http://www.prlog.org/11948760-william-michael-cunningham-files-revised-brief-in-sec-vs-citigroup-2nd-cir-ct-of-ap.html

Tuesday, June 3, 2014

LeVar Burton and Crowdfunding

We note with interest the recent Kickstarter campaign by LeVar Burton for Reading Rainbow. According to one news report, "Reading Rainbow, the PBS children’s program hosted by LeVar Burton that debuted in 1983 and went off the air in 2006,upset many with its departure. But Burton, who also executive produced the program, has managed to keep the project alive in some form or another in the time since. He launched the show as an app in 2012. And now his new venture is to take Reading Rainbow’s large digital library of books and videos to classrooms nationwide for free. But to do so Burton needs capital. So the Star Trek actor turned to Kickstarter to raise money. He launched his campaign last Wednesday to raise $1 million to launch his PBS children’s series online. Although Burton had allotted 35 days to raise the money, within 24 hours he had reached his goal."

Bravo! Why was this campaign so successful?  See: http://crowdfundingnow.blogspot.com/2014/06/levar-burton-shows-how-to-crowdfund.html

Monday, May 5, 2014

Mr. Gary Becker, 1930 - 2014

The photo at left is Mr. Gary Stanley Becker (December 2, 1930 – May 3, 2014). 

Mr. Becker was thesis adviser for my Master's degree in Economics at the University of Chicago. 

The photo was taken at the International Monetary Fund in Washington, DC on September 23, 2013

Thank you, Mr. Becker.

Saturday, April 19, 2014

Federal Reserve Banks show economic activity increased

Quick summary of the US economy:

Overall Activity: +
Consumer Spending: +
Tourism: +
Advertising: +
Transportation: +
Manufacturing: +
Housing: Flat
Loans: +
Ag: mixed
Wages: Flat
Prices: Flat