Category Archives: Economy

Profits Don’t Provide the Whole Picture

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As one reads the newspapers (uncritically), one would assume that business is booming.  We have just read about the third quarter in a row of impressive earnings growth. Total corporate profits are on the order of $ 1.2 trillion, way higher than before our devastation.  First caveat- we are comparing these results to pretty anemic periods.  If you were running your company and had a 50% drop in profits for one year, the next year’s earnings growth of 100% would mean you were back to just where you were two years ago.

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‘We judge others by their behavior. We judge ourselves by our intentions.” Let’s stop that- NOW!

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So, now we know.  To insure that employees (primarily managers) would get a good night;s sleep, the alarms on the TransOcean drilling rig (the aptly named Deepwater Horizon; to inform us what was , indeed, just on the horizon) were turned off.  To insure that Metro (DC) could keep operating the subways without slowdowns, train dispatchers turned off the alarms on sections of track by the Fort Totten station.

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Telemedicine is no longer the future for CHF patients

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Telemedicine has been a ‘whiz-bang’ concept for some time. I remember working with AT&T right after their breakup from the baby bells (almost 20 years ago). We were working on the initial stages of a telemedicine system they would market.  (The real issue was there were insufficient/inaccurate devices upon which we would initially rely.)

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What should our local governments do?

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This is not a local story for most of us- but, it exemplifies most of our towns, cities, and counties.  A building goes vacant in the downtown area.  A company buys that property- knowing exactly what zoning obtains, when it purchases this building. No promises were made to change the zoning before the deal goes through.

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22.143% of Americans hop on one foot, twice a day…

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So, there’s a new book- one that will probably tick you off.  Not because it’s annoying, but because, if you are like most people, you had no idea that the facts reported in the paper (and CERTAINLY on the web) are highly suspect. The book:  Sex, Drugs, and Body Counts:  the Politics of Numbers in Global Crime and Conflict, by Peter Andreas with Kelly Greenhill.  (If you want to buy the book, you can find it here.)

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The Facts of Unintended Circumstances

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I am going write about an institution that is the butt of many of our jokes.  I, too, have many problems with the institution since moving to Northern Virginia; until that event, I loved the institution.  But, once I opened an office on Princess Street and the postman decided to skip our office delivery three or more times a week (“since we are the only building on that street portion), my admiration for the institution dissipated- immediately.  But, that is not the point of this missive.

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The Great Recession has eradicated middle class gains of the past 25 years- except for the top echelon.

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Last Thursday, the Pew Research Center, released a report entitled “How the Great Recession Has Changed Life in America“.  According to this research, we have just undergone a major change (as one would suspect from its title) on our outlook on life.  One point not mentioned:  our children our going to have to find new methods of finding jobs- including working for firms in other countries (unless we finally band together as a nation and GROW our country).

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