Kel Kelly @ April 30, 2008 # 4 Comments
This article discusses how the various politicians seeking the presidency - the ones we trust with our lives and money to “take care of us” - propose to solve the problem of high gas prices. Of course, none of our current candidates propose letting the market take care of solving oil price problem; they certainly […]
Kel Kelly @ April 23, 2008 # 5 Comments
This article discusses how laser eye surgeries are slowing alongside a slowing economy. Lasik surgery is not generally covered by health insurance. Thus, people have to pay out of their pockets. Because spending on these types of items are paid out of the pockets of consumers, this small corner of the healthcare world does not […]
Kel Kelly @ April 21, 2008 # One Comment
Both the first article and the second article (which cannot be found electronically) are from the April 21, 2008 issue of Forbes magazine. The purpose here is not to discuss these in detail, but to simply point out inconsistencies or pure fallacies by the authors. The first article is by none other than […]
Kel Kelly @ April 21, 2008 # 3 Comments
This article in the New York Times states that Iceland is experiencing an economic bust. Its currency has declined sharply, and inflation rates are over 8% (for the second time in two years). They, as well as the Icelandic government, assert that the cause is due to evil hedge fund speculators, and the inability of […]
Kel Kelly @ April 19, 2008 # 3 Comments
Paul Krugman writes in this article that there is a world food shortage, accompanied by skyrocketing prices. Because of this, poor people in Africa and other places are starving. He suggests that this has come about mostly because of:
New food demand by China
The high price of oil
Bad weather in important farming areas(particularly Australia)
The […]