Condi’s New “Civil Rights Struggle” – Education

Condoleezza Rice spoke at the Republican National Convention tonight, and one statement really resonated with me: “…kids – most often minorities -- are trapped in failing neighborhood schools. This is the civil rights struggle of our day.“  The civil rights struggle of our day.  If you don’t believe this to be true, I would invite you to think about it for a moment.  In fact, I would contend that K-12 education holds the keys to not only greater racial parity but income mobility in general (which is such a hot topic of late). Continue reading

Jon Corzine Is Getting Away With It

The NY Times Dealbook reported that “A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives.”  There has been a lot of angst over Wall Street managers not being prosecuted for losses a few years back, but that is understandable for one reason: being stupid isn’t illegal.  Most of those guys didn’t violate any laws technically, and caused destruction by being cavalier and myopic.  The MF Global collapse of 2011, though, was no such lapse.  This was a case of brazen fraud and theft, and it’s apparently going to go without punishment. Continue reading

What Conditions Led to the US Housing Bubble?

Recently I discussed what a bubble (like the housing bubble) is, and how they behave.  One thing that I noted is that bubbles need a way to start; a way for the band wagon to get going.  To examine the genesis of the housing crisis in this post I will look at housing price data to see the first drastic upward movement in housing prices, examine the time period in which that first happened, and speculate on the origins of the crisis. Continue reading

Harry Reid’s Romney Tax Smear Logically Unsound

The recent claims by Harry Reid regarding Mitt Romney’s tax history is one of the strangest and dirtiest smear campaigns to have occurred in recent years.  The claims by Reid make absolutely no sense on their face, and exhibit his complete disregard for truth or integrity.  Using the simplest of logic, one determine the chances of these claims to be true to be incredibly remote. Continue reading