If they don't get youth unemployment under control. This is something I have been saying to my students, and on these pages, for years. (My thanks to Anthony for the tip.)
Once again via Zerohedge.
Things that make you go hmmm
Williams shows how the world doesn't make sense. Via Zerohedge.
Link to his quarterly statement.
Financial engineering in response to Fed ZIRP and a global tax scheme that makes profit repatriation expensive. I hope that once the Fed get's everyone levered up, they will be happy with the result. Those who wish to see a documentary on global tax arbitrage via financial engineering can look here.
The analysis shows that the costs are quite high.
"There are, at least, three possibilities:
1. It shows that there's something fishy about happiness research.
2. It shows that utilitarianism is wrong.
Causing someone's unemployment is qualitatively different from causing someone's death - especially if you intend one but not the other - and you just cannot compare them on the same scale.
3. It shows that unemployment is indeed a social evil of huge magnitude, a fact which we don't realise because the jobless are socially and politically marginalized.
Personally, I'm not sure how to respond."
Sigh: Quotes a Colorado reader:
"I ran some searches and discovered that of the more than 100 highest paid employees in the district none of them is in a classroom, and all of them are making more than $100k."
The problem of teaching in the US is not that they spend too much money on them or that they are unioinized.
According to this website: