An article on Detroit that is worth the read

Detroit had filed for bankruptcy protection a while ago. The rationale for this was simple, they simply did not have the cash flow to pay for all their liabilities. They had limited access to debt markets for a number of reasons, and they couldn’t keep cranking up the taxes on residents and businesses in the […]

Violin kicks out founding CEO

Story at The Register. Usually you give a CEO some time to right a listing ship. I pointed out in a recent post that there are some significant grumblings about Violin and in fact about most of the flash-as-rack-appliance space. I had noted What?s interesting to me is that I had a conversation with a […]

Part of the reason why Detroit has a long rough road ahead

is due, in significant part, to bad law and bad policy enshrined in law. Ideological view points are hard coded in the firmware of Michigan. Which allows lawsuits and results such as this. It cannot be overemphasized how bone-headed this particular law is. That one can never, under any circumstances, reduce pensioner benefit values. This […]

… and bang goes Detroit …

This brings me no joy. I went to grad school in Detroit. I like this city. It has character, it has guts, it has potential. It also has no cash to continue operations. And that sucks. Detroit filed for chapter 9 bankruptcy a few hours ago. There are many reasons for this, but there are […]

You can’t make this stuff up, 10-June-2013 edition

“We don’t want to tax all businesses out of business,” Obama said. “But we do think that there’s a role to play for government.” Link here. Don’t want to tax ALL businesses … out of business? Just some of them? Are you mad? Are you freaking kidding me? Pulling my leg? Very sad. Very very […]

Do we really have enough native STEM workers in the US?

Yes, actually we do. Too many. Turns out that little law of supply and demand does in fact hold true. The higher the demand for something in limited supply, the higher the price (wages) you will pay for it. By applying forces to this law, you impact a number of outcomes. That is, if you […]

Will the US default soon?

Quite possibly. We have a toxic mixture of overspending, insufficient revenue to cover the spending, and a borrowing limit. Several ideas have been floated over the last few weeks, including minting a $1T USD coin and depositing in the federal reserve. Thats $1012 USD folks. This is sort of like quantitative easing, aka printing more […]

Interesting and depressing article on Michigan’s future

A few prefaces … First, I disagree with the premise throughout this article that our governor is timid. He is, IMO, and in many people’s opinion, doing a great job. Governor Romney is very similar to Governor Snyder in many ways. Timidity really isn’t apparent. I guess that people see someone making a cost-benefit analysis […]

Beautiful smackdown

This is epic. As originally seen on @mndoci ‘s twitter stream. Short version: Those who don’t have a clue, really … REALLY … shouldn’t write lengthy journal articles about what they don’t have a clue about. Lest they get smacked down. Like this. For some reason, its an article of faith for many people, who […]