Tuesday, March 31, 2009

I am a liberal ...

according to Don Bordreaux, Chairman of the Department of Economics at George Mason University in Fairfax, Virginia.

"I love and care for my family and friends more than I care for mere acquaintances, and I care about most mere acquaintances more than I care about total strangers.  But the nationalities or physical locations of these people's residences are irrelevant to me.  I care no more for a stranger in my town of Burke, Virginia, than I care for a stranger in Beijing, Beirut, or Berlin."

Still, it's harder than I thought.

"But liberalism rejects the notion that there is anything much special or compelling about political relationships.  It is tribalistic, atavistic, to regard those who look more like you to be more worthy of your regard than are those who look less like you.  It is tribalistic, atavistic, to regard those who speak your native tongue to be more worthy of your affection and concern than are those whose native tongues differ from yours."



How Would You Fix the Economy?

US buddy sent me this.  What's your take on it?

"How Would You Fix the Economy?"
This was an article from the St. Petersburg Times Newspaper on Sunday.  The Business Section asked readers for ideas on "How Would You Fix the Economy?"  This article was one of the ideas submitted...

Dear Mr. President,

Patriotic retirement:
There's about 40 million people over 50 in the work force - pay them $1 million apiece severance with the following stipulations:
  1.  They leave their jobs.  Forty million job openings - Unemployment fixed.
  2.  They buy NEW American cars.  Forty million cars ordered - Auto Industry fixed.
  3.  They either buy a house/pay off their mortgage - Housing Crisis fixed.
Can't get any easier than that!

Jim Wright
Phoenix USA, Inc.

Who sez Ozzies are dumb?

Not outgoing Temasek CEO Ho Jinx.  She just didn't know how smart Eddy Groves, founder of ABC Learning truly was.  This Brisbane Times article is worth reading; not just for Ho Ching-ing but also for its business savvy and insights, not always obvious, at least not to me.

Do corporate eggheads always get fried by the flaming energy of the street-smarts?  Why?

Of course, $400 million is, with apologies to the former patron of NKF, "peanuts" compared with the tens of billions pocketed by short-sellers of UBS, Citigroup .. ad nauseam; but that is another story to be spun by the "masters" of strategic investment.  One has to wonder what was the strategic advantage of investing in child care?  Oops forgot, a balanced portfolio contains both medium-term targets of opportunity as well as long-term strategic investments?  Indeed, it was an opportunity; but for whom?  Stupidity, by any other name, MBA-speak or not, would stink as much,