If they can do it for carpenters…

I was just watching a bit of This Old House on the digital tier of my local public TV station. They did a little featurette about a carpenter’s apprentice that works with the show. Don’t you think that paid apprenticeships would work for lots of fields that don’t have it now like accountants, programmers and [...]

Quants, Assumptions and Unexamined Actions

If you combine these articles with my previous post about the article from Scientific American don’t you have to wonder about every analysis concerning finance and credit?
Steve Lohr in the New York Times
Lee Gomes in Forbes
Citigroup Saw No Red Flags Even as It Made Bolder Bet
Aren’t these largely the same processes that credit bureaus use [...]

Wall Street GIGO

Scientific American points out a couple of things that helped lead to our current disastrous situation. What, you might ask, would SciAm have to say about something that comes down to economics and politics? Simple. The financial industry pled for a lifting of rules for how much they needed to hold in reserve. Complex modelling [...]

Related Issues

I stumbled across this article through Google news. It’s always sad when someone joins in with others who just miss the point completely. If you do something to help take care of the health care situation and do it properly then it will in fact help the economy.