Monday, January 30, 2006

A SuperBowl of Terror?

At least thats' what WorldNet reports. The San Jose Mercury News writes of the NFL dismissing it's security firm of the past 29 years for cost reasons. No worries says the Detroit News, it will be the largest security operation ever undertaken.
The Art of War says that "You must attack where the enemy cannot defend and defend where the enemy cannot attack." The black economist doubts that there will be a superbowl terror attack because it will be so heavily defended.

Wednesday, January 25, 2006

Privacy in the New Millenium

The desire for and right to privacy is inherent in human nature. Thoughts are by their very nature private things and since rational thinking requires compartmentalization and classification they are not for everyone at everytime. More than thoughts but activities, interests, dislikes, associations and such should be kept private if one should wish.
In a digital world that is not the case. Information trades in kind on the internet and private networks. Pin numbers, pass words and code words unlock bill paying, purchases and informational sites. Satellite images are freely available on google and maps are plentiful.
The black economist publishes under a nom de plume not to conceal his identity but to set a very definite tone as to the nature of the work. That is to say that the black economist harbors no illusions as to the possiblity of his identity being secret or his personal habits and purchases.
On the other hand I did find the news that Apple computer downloads the libraries of itunes users disquieting.

Ever notice....

that major terrorist attacks tend to take place when the moon is a crescent? Is Al-Queda into astrology?

Wednesday, January 18, 2006

Envisioning US Economic Collapse

Catastrophism studies are a favorite pastime of the black economist, particularly during this time of "terror." The question of total economic collapse due to a terrorist attack is provocative to say the least. To accomplish this the terrorists would have to do one of three things, cause a shock to supply, demand or both. Disrupting the supply chain of an input critical to the economies' functioning (oil maybe?) would accomplish a supply shock. Infecting the country with a lethal, highly contagious organism would create a demand shock as people would avoid one another at all costs.
Thus, the original question melts away and we see that these shocks (economic collapse) take place frequently (Argentinian peso collapse, New Orleans hurrican, Russian political collpase, Toronto SARS, Hong Kong SARS) and that it is a question of how long they last and what happens within them that should concern us. In other words it is not a question of if the economy can collapse but when and what will you do to survive?

Tuesday, January 10, 2006

Black Economics?

How can economics be black? Mainstream economists argue that overall economics is a science founded in mathematical theorems and quantifiable phenomena. While there is ample room to study race relations to brand the entire science black would be irrational. Economics is neither pink nor brown or any other color.
Yet there is an inescapable realization that economics is not a science rooted in cold hard facts but cold hard assumptions.
So, if the underlying assumptions are that people of color are miscreants and that trust is fundamental to markets it is no surprise that there is a derth of black and brown billionaires, executives, judges and governors.

Thursday, January 05, 2006

Internet Porn Arbitrage

"We need some money up in this house. We gotta get that paper flowing. The internet...the internet...we'll show you the nastiest thing you ever want to see if you just give us that card number and let us float $2.95 for three days."
Source: Late night phone conversation with a loan officer

Wednesday, January 04, 2006

Failed Foreign Policy

Many commentators have speculated as to the failure of the current republican administration as it pertains to "ethics" or even song choice. The media has to a large extent been silent regarding failures of foreign policy. The war in Iraq notwithstanding.
Argentina and Brazil's abandoning of the IMF and prospering, the ascension of the Euro currency, and Russia, China and India's moves toward closer security integration demonstrate the extent to which America's influence has degraded abroad. The Central and South American states are glaring examples of an increasingly turning tide in "the Battle of Ideas." Evo Morales's (the new president of Bolivia) declaration that coco growing should be legalized and natural gas resources owned by the state in a socialist framework aptly demonstrates that the influence the US has in the region is deteriorating.
Is it by coincidence then that George Bush's foreign policy wears a black face?