Monday, October 31, 2011

Mazi's Link O' the Day

SCIENCE! Can't save you...

Thursday, October 27, 2011

Mazi's Link O' the Day

Simon Johnson is happy about Thomas Hoenig getting involved with policy making at Capitol Hill. And I trust Simon Johnson:

Wednesday, October 26, 2011

Mazi's Link O' the Day

James Altucher talks about one of the essential skills of the entrepreneur: connecting:

Tuesday, October 25, 2011

Sunday, October 23, 2011

Mazi's Link O' the Day

Apparently, TED thinks something is rotten in the state of, well, The States:

Saturday, October 22, 2011

Something Is Rotten in the State of England...

Dale Farm. For those of you who have heard, perhaps you have mixed feelings. Mine are very straight-forward.

To recap: Recently police and other authorities evicted a huge number of "travellers," or gypsies, from Dale Farm, and illegal establishment. Protests broke out, as the police brought stun guns, cut power, and destroyed settlements.

Here's the fact: It was an illegal place. The police were "in the right" to evict them.

Here's the truth: You don't do that to people. You don't destroy their homes, even if you can. An old man was hospitalized because the police cut power from his defibrillator. I'm surprised there isn't more outrage.

Stand up for Dale Farm!

Mazi's Link O' the Day

Lease out your island!

Friday, October 21, 2011

Mazi's Link O' the Day

James Altucher gives us a different take on the "1%." How about the 1% happiest?

Thursday, October 20, 2011

Wednesday, October 19, 2011

Mazi's Link O' the Day

Macroeconomic Advisers says GDP rose 0.4% in August. September numbers aren't out yet, but other indicators suggest that things won't be awful. Hopefully, we're inching away from another recession:

Monday, October 17, 2011

Mazi's Link O' the Day

What's the link between between raising the minimum wage and the % of workers being paid that wage?

Sunday, October 16, 2011

EconStu on the Ground

These are some images from the Occupy London protests (one of the sister movements to Occupy Wall Street). As any good source of information ought to, EconStu trekked through this grey, English city to St. Paul's cathedral, where the show was under way.

I wrote a post on the movement earlier, and now, having seen it in person, I would like to reiterate a couple of points.

Firstly, I still don't think many of these people know what they're protesting against. If you have problems with government bailouts for banks, why aren't you at Parliament or Congress? There was also, of course, some of the "usual suspects:" People looking for a cause, without even having a stake in it.

Secondly, I would like to say, I still think this is the BEGINNINGS of a good movement. Currently, it's kind of directionless. However, so was the Tea Party. I think once this circus gets a ring-master we might end up with the counter-weight to that Tea Party, and that's something we need.

The protesters have organized themselves into working groups, such as toilets, entertainment, donations, etc... A lot of time was spent with speakers from each of the groups tackling administrative business. And for the most part, they're actually quite organized. Invisible hand anyone?

Thanks to Peter Honey for the photos.

Mazi's Link O' the Day

James Altucher answers your questions:

Saturday, October 15, 2011

Friday, October 14, 2011

Thursday, October 13, 2011

Mazi's Link O' the Day

One of my new favorite bloggers: James Altucher. He's funny. He's worked in finance. He's worked in technology. He's written books. He's got good advice. Here, he talks about honesty, and what will happen to you when you become honest:

Monday, October 10, 2011

Mazi's Link O' the Day

While China's storied economic growth continues, many households are afraid to transform China into the massive consumer economy it could be:

Sunday, October 9, 2011

Occupy Your Mind

I suppose the time has come for this blog to address the ubiquitous news story of the past month: Occupy Wall Street. Although, I will grant myself some slack and say that I have relented from discussing this issue for fear of making hasty judgments before the curtain has come down, so to speak. I have broken my fast simply because this play seems like it's going to last longer than I initially anticipated.

The first notion that needs to be dispelled with is the idea that this protest, like so many other protests, has clearly defined political sides. We would like to be able to examine our own political leanings, and then, given that information, figure out which side of the street we're on. I am liberal, and I hope that usually shines through on this Internet monologue that I address to you, Reader. Having said that, I am not prepared to unconditionally carry the flag of Occupy Wall Street.

I like my protesters to have a firm grasp of the issues at hand, and while I do not doubt that some in this movement do, the de facto slogan of "Fight the Evil Banks," always gathers forth a veritable storm of idiots. From what I have read and heard, there is a slew of people out there who are looking to get Barak Obama reelected and have decided that this campaign will assist his own. Let's just start by saying that Goldman Sachs is one of the president's largest contributors. So, we put that notion to rest. This is not the Dems vs. the Reps. However, it is a political issue.

The banks, I would imagine, do not give a rat's ass about the crowd outside the window. And if you're one of the fighters who can form cogent thoughts about finance and economics, then you probably there because you don't feel like justice has been delivered to the culprits of past and present economics woes. I'll agree with that point. Someone(s) should be in jail, although I doubt anyone will. I'm no corporate lawyer, but I'm unsure that any laws were actually broken. And I don't know how flexible the charge for fraud is. But if you can't jail them, you might as well carry signs around their offices.

Except that's not right. Keep your signs and head a bit further south. Head to Washington D.C. The people who get money from Obama and Co. are not hanging around Grand Central Terminal or Park Avenue. They work in lobbying firms that don't have famous names. Now, that money does get to the banks, somehow. But it's the political system that gets the rabbit into the hat. Your local senator is not going to put forth a bill to let Bank X fail, if the lobbying group that supports Bank X just paid for his vacation to Bermuda.

Get to Washington and say, "This is a bullshit cycle." Alright, I like my money to be safe, and I'm not prepared to see some enormous financial institution go down in flames, so yeah, bail-out our Too Big To Fail firms. Instead of focusing on the "Big" part of that phrase, which people tend to do, let's focus on "Fail." It's not so easy to say, "Just don't fail." Ask your local senator to put some bills forward that will tighten the leash on the dog. He may not be free to run around as much, but at least he doesn't have enough slack to stumble into the street and get run over. The fact that your senator enjoys his tropical vacation is going to complicate the issue, but I never said it'd be easy. Now, if you're down for that plan, give me a call, I've got some good signs to make...

Mazi's Link O' the Day

I've mentioned the Great Stagnation before (specifically why we may not be in it). Here's a back and forth debate on the same question:

Friday, October 7, 2011


Friends, relations, enemies, gargoyles... We want you (that's right) to write for the world un-renowned, EconStu, the best economics/current events blog named EconStu. Say you'll do it baby! We need ya!

Anyway, seriously, do it. This is a good time all around. Email me at if you're interested.

Peace out homeskillets

Wednesday, October 5, 2011

Mazi's Link O' the Day

The Occupy Wall St. movement suggests a "Tobin tax." That may not be such a bad idea:

Sunday, October 2, 2011