Category Archives: Government Failure

Is Detroit Really Rising?

I was perusing a recent article over at the Atlantic’s City edition entitled “How Detroit Is Rising,” noting the glowing opinions of various community groups in the city about their prospects. I found Detroit’s June 2011 audit from their website … Continue reading

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The “Magic” Greek Financials

From the BBC: “The Greek railway had more employees than passengers. A former minister, Stefanos Manos, had said publicly at the time that it would be cheaper to send everyone by taxi.”  

Posted in Accounting Standards, Federal Debt, Government Failure | Leave a comment

State Pension Funding Levels – What it Means for Citizens

One of the problems with the presentation of detailed financial information is that no matter how important the data is, its relevance becomes obscured by the method of presentation. I recently discovered Fusion Charts, and present information related to state … Continue reading

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“Why Americans Hate Economics”

The WSJ runs an article criticizing the recent inane economic views espoused by the White House regarding unemployment insurance. The author was incited by Laura Meckler’s question to White House Press Secretary Jay Carney regarding unemployment insurance. The story has … Continue reading

Posted in Economics, Government Failure | 2 Comments

Bankrupt Central Falls, RI, a “City with a Bright Future”

Bloomburg summarizes the bankruptcy filing of Central Falls, Rhode Island following the the failure of local law enforcement, firefighters, and city retirees to accept retirement benefit concessions. It marks the fifth such municipal bankruptcy this year. The city’s website still … Continue reading

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