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The best explanation of our health care system I’ve seen.

In comix form, no less. Check out Tom Tomorrow at:

http://www.salon.com/comics/tomo/2009/09/15/tomo/

The France Telecom Suicides.

There may, or may not, be a rash of suicides at France Telecom. If there is, it may, or may not, be due to management’s policies, which seem to be what we can call the American plan:

Cut jobs to increase profits Work remaining employees harder to increase profits Give the profits to the shareholders […]

The big honking flaw in the health care reform bill

So I read all 1018 pages of the health care bill (the July 24 version). I’ll summarize it in another post, but here’s a summary of the summary:

There’s a lot to like in it. Most of the bill seems to have been written with care and thought by very knowledgeable people who genuinely want […]

Solutions, Part I: The Single Profit Statement.

This blog involves analyzing (or, um, bitching about) various aspects of the economy that don’t work, so I thought I’d break things up occasionally by putting forward solutions to the things I’m complaining about. Some will be ones I’ve thought up, others will be other people’s good ideas that need more publicity.

So here’s the […]

The unemployment numbers (again)

We just got the August employment numbers; unemployment jumped from 9.4% to 9.7%. That sounds bad, but as I explained last month, the unemployment rate is a strange beast. In unsettled times like this it bounces around a lot, so it’s better to look at the sheer number of jobs lost.

It turns out that […]

Major bank 1.2 trillion in the red

On the heels of last year’s meltdown comes the news that EBANK has frozen its accounts, $1.2 trillion in the hole.

It’s the old story–in the words of the new CEO, “controls were not enforced, auditing was never completed and reporting was almost non-existent.”

On the bright side, the real-world fallout should be minimal–EBANK only […]

Why do we allow the health insurance companies to exist, again?

I consider myself a pretty cynical guy, but the latest news on the healthcare front shocked even me: Apparently private health insurers in California reject a fifth of claims. In one system it’s 40% of claims.

That’s worse than it sounds:

A health insurer isn’t going to bother rejecting your claim for a routine doctor’s […]

“Economists call for Bernanke to stay?” Not exactly.

“Economists are nearly unanimous that Ben Bernanke should be reappointed to another term as Federal Reserve chairman. . . .” That’s how a Wall Street Journal article begins.

But I couldn’t help but notice that all the quotes in the article (three out of three) were from economists at financial firms. I emailed Phil Izzo, […]

The Employment Numbers

The New York Times reports that unemployment has dropped, from 9.6% to 9.4%. That sounds hopeful, but there are also 247,000 fewer jobs than there were in the first quarter of the year.

That’s because to be “unemployed” takes more than simply lacking a job. You must have actively looked for work in the four […]

First Thumbnails

Just saw the first thumbnailed pages from Dan Burr today. Things are happening! A mere 5 1/2 years after I committed myself to doing this book!