Posts Tagged ‘deficit’

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    Averting Disasters

    Oct 3, 11 • 279 Views • No Comments

    Disaster spending is setting records this year. At 81, the number of tornadoes, earthquakes, snowstorms, hurricanes and wild fires is equal to the total for all of 2010 and more than each of the previous 3 years. Disaster spending almost created a disaster...  [read more]

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    An Aviator Stuntman and the Stimulus

    Sep 28, 11 • 262 Views • No Comments

    You’ve probably never heard of Lincoln Beachey. An aviation pioneer, Beachey flew at the beginning of the 20th century. During one of his first air exhibitions, Beachey did something totally terrifying when his plane stalled. The opposite of what anyone...  [read more]

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    Congressional Deficit “Games”

    Sep 25, 11 • 277 Views • No Comments

    Composed of 6 Democrats and 6 Republicans, the congressional super committee is supposed to create a deficit reduction plan. If they do not propose the plan or if Congress does not approve their plan, then automatic cuts are triggered. The automatic cuts...  [read more]

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    Benford’s Law and Greece

    Sep 22, 11 • 244 Views • No Comments

    Does it matter that low first digits occur more frequently? First some history. During the 1920s, Frank Benford, a physicist at GE, noticed that “one” appeared more frequently as the first digit of a number. To test his thesis, he accumulated...  [read more]

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    “Deficit Bias”

    Sep 17, 11 • 335 Views • No Comments

    If anyone asks you about the “fiscal woes” facing the U.S., Japan and the EU, just say, “deficit bias.” The 13th Geneva Report on the World Economy explains “deficit bias.” In the U.S., think about voting constituencies and...  [read more]