can be found in marriage. This speech, which will have to act as your lecture this week and last, is the best one I have heard in a very long time. Had I all the time in the world, I would do my best to relate it to several other topics, including the life and…
Details
Statistics and probability are an area in which it is very difficult to find people who understand and apply the concepts correctly (another being logic). Studies depend on these calculations, but many people who conduct the studies don’t have the knowledge or experience with the theories to surmise the conclusions they wish to promote as…
DetailsThe U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were intended to make the financial system safe but instead create the potential for a new systemic financial crisis. The principal purpose of these models is to determine banks’ regulatory capital requirements—the…
DetailsDidn’t work then, doesn’t work now. But what do you know of the original movement Did you know this?: Organized crime received a major boost from Prohibition. Mafia groups limited their activities to prostitution, gambling, and theft until 1920, when organized bootlegging emerged in response to Prohibition. A profitable, often violent, black market for alcohol…
Details
CompassRose makes yet another h/t moment, this one pure gold, and describes very well some of the narcissists we all know… If everyone around you is an idiot, most likely you are a jerkface: Picture the world through the eyes of the jerk. The line of people in the post office is a mass of…
DetailsPiketty, watch out!: