What is the fuss about “net neutrality?”

On December 21, 2010, the FCC passed a new rule that restricts Internet providers from entering into certain contracts or managing their bandwidth in certain ways.  The end result may be that the internet brought to your home by your cable or phone company may be a very different experience than what, possibly from the …

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Obama’s new whale and the State of the Union

This month, President Obama will need to give a State of the Union address.  The primary of the purpose of the State of the Union Address is to set forth a legislative agenda for the upcoming session.  This year’s legislative session will certainly be more difficult for Mr. Obama because he no longer has a …

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Permanent link to this article: http://betweenthenumbers.net/2011/01/the-tea-party-horse-feathers-and-the-state-of-the-union/

If I Ran the Zoo

          “It’s a pretty good zoo,” said young Gerald McGrew, “And the fellow who runs it seems proud of it, too.” “But if I ran the zoo,” said young Gerald McGrew, “I’d make a few changes, that’s just what I’d do…”           Dr. Seuss, If I Ran the Zoo    A complete overhaul of the …

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Illinois “Beats” California as most Likly to Default

Living in California, I am used to hearing well-earned criticism of California’s legislature for failing to control its spending,  failing to pass a budget, and generally not doing its job.  Candidly, I have been known to add to the criticism (here is an example of a comparison of California’s legislators to monkeys that used video clips).  So, …

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Initial Thoughts on the 2010 Census

Christmas came a little early for statisticians and demographers with the release of the first numbers from the decennial census.  These three interactive maps provide a means of understanding population movements and absolute numbers.  Here are initial thoughts based on these maps.  Most of the headlines commonly reported are really continuations of past trends, or …

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CFO Incentive Compensation Not a Key Factor in Accounting Fraud

This last week, the Harvard Law School Forum on Corporate Governance and Financial Regulation published an interesting paper entitled “Why Do CFOs Become Involved in Material Accounting Manipulations?.  The research was conducted by four professors from the University of Pittsburg and the University of Washington. The professors started with 2,261 Accounting and Auditing Enforcement Releases …

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HR 4853 Summaries

We have two new articles regarding the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853).  One article summarizes (i) descriptions that are more detailed than what has been summarized in the headline news regarding what this Act contains, and (ii) the costs of this substantial new law, as determined by …

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Permanent link to this article: http://betweenthenumbers.net/2010/12/hr-4853-summaries/

E&Y Deserves its Lehman Trouble

New York Attorney General and Governor-elect Andrew Cuomo filed a lawsuit against Ernst & Young.  The suit charges Ernst & Young with helping Lehman Brothers engage in accounting fraud involving “the surreptitious removal of tens of billions of dollars of securities from Lehman’s balance sheet to create a false impression of Lehman’s liquidity, thereby defrauding …

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Crazy Eddie and the Financial Crisis

 In my prior posting on the financial meltdown I mentioned that just about anybody by now has their own theory on what caused the financial meltdown of 2008.  Mine may be a little different: The financial meltdown occurred because nobody believed that all the bankers had gone insane. I remember the first time I heard a …

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The Missing Word

There is a word that has been sadly missing from the national debate on how to get the US economy growing. That word is opportunity.

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