Month November 2010

Austria to Greece. Drop dead

Austria so totally does not want to contribute $258 million more in their next tranche to Greece, saying Greece isn’t hitting their promised targets. The EU president says the mounting insolvency crises in Greece, Portugal, and Ireland threaten the EU…

On TSA’s new search procedures

Market-Ticker.org says we should heed TSA Secretary Janet Napolitano’s snide remark to “travel by some other means” if we don’t like the new procedures and start boycotting the airlines. While terrorism is horrifying it does not rise to a risk…

California’s Potemkin Village Budget

Why do official estimates for California’s budget deficit consistently overestimate revenue and underestimate expenses? This has been happening so steadily for years that it seems a deliberate attempt to erect a Potemkin Village (a shiny and phony facade covering up…