Monday, May 31, 2010
R-e-S-P-e-c-T, Find out what it means to me!
Originally posted on The Cusp by Emmanuel Santos, this post talks about the proposed Resource Super-Profits Tax. It also provides an analysis of the budget process through the lens of prospect theory.
Sunday, May 30, 2010
More of the same
• Originally posted by Jonathon Dyer on January 29, 2010 at 11:00am
The US Senate has just voted to give Federal Reserve Chair Ben Bernenke a second term (haven't those last four years have just flown by). You can get the story and some insightful analysis of what this means at the Washington Post (free, but registration required), and The Australian (free, for now).
Meanwhile, it looks like Australia's going to take the lead internationally, being the only major economy to begin the new year by raising interest rates. They couldn't at least wait for us to pay off the credit cards from the Christmas blowout?
The US Senate has just voted to give Federal Reserve Chair Ben Bernenke a second term (haven't those last four years have just flown by). You can get the story and some insightful analysis of what this means at the Washington Post (free, but registration required), and The Australian (free, for now).
Meanwhile, it looks like Australia's going to take the lead internationally, being the only major economy to begin the new year by raising interest rates. They couldn't at least wait for us to pay off the credit cards from the Christmas blowout?
Saturday, May 29, 2010
AIG - where the money went
• Originally posted by Jonathon Dyer on January 28, 2010
Here is a link to a profoundly simple graphic explaining what happened to all that money from the AIG bailout (and who benefited). Courtesy of Business Insider (and if you haven't subscribed to their "Chart of the Day" mailing list (subscription details on the right hand side of this screen, above the Market movement graphic), you're missing out).
Here is a link to a profoundly simple graphic explaining what happened to all that money from the AIG bailout (and who benefited). Courtesy of Business Insider (and if you haven't subscribed to their "Chart of the Day" mailing list (subscription details on the right hand side of this screen, above the Market movement graphic), you're missing out).
So long BRICs, welcome the MAVINS
• Originally posted by Emmanuel Santos on January 15, 2010 Admin Options
The BRICs are to the noughties what the MAVINS are to the teenies. This according to Bloomberg's Vincent Fernando and Joe Weisenthal. Read the article.
The BRICs are to the noughties what the MAVINS are to the teenies. This according to Bloomberg's Vincent Fernando and Joe Weisenthal. Read the article.
Best Economic Ideas
• Originally posted by Emmanuel Santos on January 7, 2010
From The New Republic, a list of best economic ideas of the past year compiled in The Stash. The article includes everything from high-end prostitutes and the "economics of happiness", to advancements in fiscal and monetary policy.
From The New Republic, a list of best economic ideas of the past year compiled in The Stash. The article includes everything from high-end prostitutes and the "economics of happiness", to advancements in fiscal and monetary policy.
Capitalism's failure
• Originally posted by Jonathon Dyer on November 25, 2009
There was an interesting short piece in Forbes magazine earlier this month by regular columnist Sramana Mitra called "Capitalism's Fundamental Flaw".
Don't be fooled by the title; raised on a diet of Ayn Rand, Mitra is a strong supporter of Capitalism, but she isn't blind to its shortcomings. Her article highlights the dichotomy between creation and speculation; to wit, how the Capitalist system neglects the creators of value in preference to the speculators who merely trade on the commodification of that value. Take a moment to read the article. Then take another moment and tell us if you agree or disagree with it.
There was an interesting short piece in Forbes magazine earlier this month by regular columnist Sramana Mitra called "Capitalism's Fundamental Flaw".
Don't be fooled by the title; raised on a diet of Ayn Rand, Mitra is a strong supporter of Capitalism, but she isn't blind to its shortcomings. Her article highlights the dichotomy between creation and speculation; to wit, how the Capitalist system neglects the creators of value in preference to the speculators who merely trade on the commodification of that value. Take a moment to read the article. Then take another moment and tell us if you agree or disagree with it.
Friday, May 28, 2010
Sowing the seed
THE CONVERSATION began as a blog - this blog in fact - but it didn't stay that way very long. Below is the first and only entry that went into this format of THE CONVERSATION. Within a couple of days we went live on our new home at Ning. Things went really well there for the better part of a year. I want to say now that Ning offers an excellent product, and if it wasn't for a change in their monetization policies, coupled with a slow shift in the focus of this "group project", we'd probably still be there.
There's been a handful of people working working in the South Australian Government have been contributing to THE CONVERSATION on and off, with Emmanuel Santos and myself doing most of the heavy lifting. Ning allows you to post blog entries, but to also put up discussion starters, events reminders and some other cool stuff all laid out on different parts of the page. With the shift to Ning came a subtle shift in the focus of the discussion, from purely economic issues to a broader public policy forum. This is the focus we'll be bringing to THE CONVERSATION's new (old) home.
It was always the intention of THE CONVERSATION to be a two-way discussion, rather than a megaphone for the contributors to spout off about whatever was vexing them. Hopefully we'll be able to keep that alive here, and in future face-to-face events. In the interest of getting the back-and-forth started, I'll be re-posting here some of the material from the Ning page. If you want to respond to something, please feel free. Say what's on your mind. Tell us we're wrong, if that's what you think. If you've got something you want to say, send it to me and we'll put it up (so long as it's not defamatory or just straight-out vitriolic).
So read, think, and engage. And tell your friends, colleagues, etc.
There's been a handful of people working working in the South Australian Government have been contributing to THE CONVERSATION on and off, with Emmanuel Santos and myself doing most of the heavy lifting. Ning allows you to post blog entries, but to also put up discussion starters, events reminders and some other cool stuff all laid out on different parts of the page. With the shift to Ning came a subtle shift in the focus of the discussion, from purely economic issues to a broader public policy forum. This is the focus we'll be bringing to THE CONVERSATION's new (old) home.
It was always the intention of THE CONVERSATION to be a two-way discussion, rather than a megaphone for the contributors to spout off about whatever was vexing them. Hopefully we'll be able to keep that alive here, and in future face-to-face events. In the interest of getting the back-and-forth started, I'll be re-posting here some of the material from the Ning page. If you want to respond to something, please feel free. Say what's on your mind. Tell us we're wrong, if that's what you think. If you've got something you want to say, send it to me and we'll put it up (so long as it's not defamatory or just straight-out vitriolic).
So read, think, and engage. And tell your friends, colleagues, etc.
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