Posts Tagged ‘economy’

Burn It

[…] The consensus now is that the economic collapse will exceed that of the Great Depression: the only question is whether the collapse will endure as long–which, since the collapse was created by policy, will be the result of policy (which does not make me optimistic). (The Great Depression in the US was “Great” not so much because of the severity of the initial decline–1920/1921 was as severe–but for its duration. Monetary and other policy errors caused the extended misery. Will we repeat them?[…]

What we need are policies that target the most vulnerable (especially the elderly), and vary with local conditions. Instead, we have indiscriminate approaches that have created immense harm to our livelihoods and liberties, with little demonstrable public health benefit in return.

It’s time to rise up and speak out against the petty tyrants who wreak havoc and and add insult to injury by insisting that they are doing it for our own good.



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I return to my earlier dark suspicions about Trump’s direction. Stubbornly pushing tariffs, the way he disposed of his economic adviser Kohn – the one who was behind the famous tax cuts last December and is the advocate for free trade – despite being a Dem. The way he undermines his own administration – just as Mnuchin says “we are not getting into trade wars” ->Trump contradicts him with “trade war is not a bad thing”. The way he caved in to gun-control campaigners. The way the stocks fall and jump on his every tweet doesn’t inspire much confidence either.

Actually, I realize my unease about Trump’s steadfastness (or lack of ) never left me and is hovering in the back of my mind all the time.

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Nation of shopkeepers

Believing in national stereotypes has its downside: risk of falling in deep doo-doo. Like that bon mot by Napoleon in this post’ title. What kind of business genius will repeat the same mistake – that cost him dearly, practically ruining the golden goose – twice? English, apparently.

The Boston Tea Party: 1773

Salt Tax in India: 1835

Could it be possible that British East India Co continuously employed MBA graduates starting 1770’s?


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This is how it looks in credit card bills:

Scary, huh?


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Saturday was rather annoying. I’ve procrastinated long enough, then was sick, then had to buy a rug (another, not less irritating, story – maybe later) – and suddenly, the February is almost over! So I had to man up, brace up and face the Taxes.

¡Mira, panowie! Turbotax  is beyond belief. Because of one measly 1099-MISC I was forced to file as “self-employed”, and in addition to normal income taxes pay another half-a-thou as “self-employment tax”! Is it something new IRS invented this year?  Since when supplemental freelance gigs, accompanying a solid W2 is considered full-blown “business”? And did you know that Medicare and SS “wages and tips”as basis for namesakes taxes are calculated before your voluntary deductions, unlike your Gross? And the not-insignificant Medicare/SS taxes are not counted into your Federal tax paid – so even though your every paycheck is diminished by 1/4 of it’s worth by taxes, your annual federal obligation demonstrates underpayment? That’s what I call Creative Accounting!

So, not surprisingly, I went to bed in a foul mood, had nightmares all night (sinuses being choked up is no help either) and woke up at 5am. What to do, what to do? Opened my Kindle with latest download of Murder: British Library Classic:  a story by Gerald Findler, titled House of Screams. And I read:


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Are you watching? So far I like Bob Jindal most of all. You?
Nope, I take it back. Fiorina is better – and Tramp is a misogynistic, Putin- buddy,self-aggrandizing inarticulate asshole.

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Russia is not isolated. It is a fully paid member of the Drowning Men’s Club

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