This op ed piece in the WSJ makes it clear the economy looks like 1082. The continued comparisons to the Great Depression are inaccurate and only fueling less and less confidence.  Indeed we had more banks go broke in Odessa Midland in the late 1980s than have gone broke in the US this year. Time…

I just discovered that your comments on the blog are not coming ot my account  on att.net but on tamuk.edu and that they are all coming in as spam, I can recover them no problem  but I have to look at the spam account, so there you are!  Anyway I posted some replies and you…

Congress has excoriated business for various perks and high salaries. The criticism is that business execs look after themselves before the company, indeed that often appears to be the case though I have not seen it in the auto business.  BUt when it comes time to vote on a stimulus bill, Congress did the same…

Last night I we were treated to photos of the debris of  US and Soviet satellites falling to earth.  Gee how big is space, what are the sizes of satellites, what is the probability that will happen? Now this morning we have news that a British and French nuclear powered nuclear armed subs have collided…

One alert student points out that  UTSA is going to enter the football arena in the next year or two.  Indeed the Presidents and alums of various large enrollment state schools in Texas look dreamily to Austin and visions of millions in athletic revenue dance in their heads.  Well as University of North Texas, actually…

I was just listening to two 'experts' on the economy, one head of Moody's economy.com and the other the CEO of Google.  The economist said the govt needs to spend more money and then  went on to say the the govt in its wisdom was going to decide which banks are worth saving and which…

Last year the City of San Antonio lost $227,000 operating Market Square. Now plans to sell it are out. The article reports the City of SA has a $2.3 Billion budget, it does not say what the  potential deficit might be.   My sense is that the recession is now upon San Antonio. Officials have…

Check out Calvin and Hobbes on supply and demand,  sound familiar?

It just occurred to me that the Stimulus Plan i nothing more than an Enron SPE.  Some of you are reading about Enron. Enron created Special Purpose Entities. Enron moved the liabilities it created off the Enron balance sheet to the SPE balance sheets.  So Enron never owned up to their real liability. Then Enron…

The UAW walked out   on talks with GM about reducing future health care liability.  We will take a look at pension obligations this semester in Intermed II. The problem is that GM has more future liability for funding health care costs than it can afford. Please read this article as it focuses on future…