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Category Archives: Finance and economics

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My future as an non-accountant

The New Neo Posted on March 30, 2009 by neoApril 13, 2015

I noticed—in this piece that purports to tell us what jobs are probably not going to go out of style in the near (or even distant) future—that “accountant” led the list. Well, that’s awfully nice—for accountants. But having been up … Continue reading →

Posted in Finance and economics, Me, myself, and I | 6 Replies

Another puzzling bout of Obama administration cluelessness—or something else?

The New Neo Posted on March 23, 2009 by neoMarch 23, 2009

It’s hard to know exactly what to think of this: …[T]he private-sector worries about the plans being cooked up by Geithner and Summers extend into countless corporate suites, start-ups, and small businesses far beyond Wall Street””and that until recently, the … Continue reading →

Posted in Finance and economics, Obama | 42 Replies

AIG outrage[s] of the day

The New Neo Posted on March 18, 2009 by neoMarch 18, 2009

There’s an awful lot of outrage going around. The American people are outraged that their hard-earned money has been taken from their pockets and doled out by Congress and the administrations (Bush’s first, and now especially Obama’s) with virtually no … Continue reading →

Posted in Finance and economics, Obama, Politics | 27 Replies

When is a bonus not a bonus?

The New Neo Posted on March 17, 2009 by neoMarch 17, 2009

When it’s a contractual obligation. Not having a lot of experience in the corporate world myself (my only stint having been a summer job in college) I always thought the word “bonus” meant something extra, a special payment given for … Continue reading →

Posted in Finance and economics, Law | 34 Replies

Those AIG bonuses prove…

The New Neo Posted on March 16, 2009 by neoMarch 16, 2009

…that the law is an ass. Is there no way for the Obama administration to stop huge amounts of taxpayer money from getting to the very executives responsible (or irresponsible) for making such lousy and self-serving decisions, and bringing us … Continue reading →

Posted in Finance and economics | 37 Replies

Larry Summers comes by it naturally—or is it nurturally?

The New Neo Posted on March 16, 2009 by neoMarch 16, 2009

I hadn’t previously been aware of these facts about controversial Harvard ex-President and current National Economic Council head Larry Summers: Born in New Haven, Connecticut, on November 30, 1954, Summers is the son of two economists, Robert Summers and Anita … Continue reading →

Posted in Finance and economics, Science | 3 Replies

Too much regulation or too little? Maybe it’s the wrong question

The New Neo Posted on March 14, 2009 by neoMarch 14, 2009

There’s a lengthy and heated argument going on today about what caused the recession. Not surprisingly, people are inclined to see what fits in with their worldview. Conservatives and libertarians tend to be on the “it’s the fault of too … Continue reading →

Posted in Finance and economics | 53 Replies

The Madoff confession: just aiming to please

The New Neo Posted on March 12, 2009 by neoMarch 12, 2009

Here’s a link to Madoff’s confession in full. It’s a fascinating document, both for what it says and what it doesn’t say. Madoff is very careful to implicate only himself in the fraud. In his description of how it was … Continue reading →

Posted in Finance and economics, Law | 22 Replies

Madoff says he’s very very sorry

The New Neo Posted on March 12, 2009 by neoMarch 12, 2009

In breaking news, Bernard Madoff admits his crimes, and apologizes. No, not this apology (starting at 00:40): This one. I’m watching on cable news, and the description of Madoff in court is that his affect was flat and bland as … Continue reading →

Posted in Finance and economics, Law | 10 Replies

On our republic and the “transfer” of wealth

The New Neo Posted on March 7, 2009 by neoMarch 7, 2009

Sometimes a seemingly random word or two can be very instructive, if you want to know what a person really thinks. That is the reason I (and so many others) paid quite a bit of attention to a couple of … Continue reading →

Posted in Finance and economics, Liberals and conservatives; left and right, Obama | 22 Replies

Obama and sharing the misery: planner or fool?

The New Neo Posted on March 6, 2009 by neoMarch 6, 2009

I’ve been wanting to write about other things besides Obama. Truly, I have. But I keep coming back to that topic because it seems vital to get it right—and now, before things slide out of control. Speaking of sliding out … Continue reading →

Posted in Finance and economics, Liberals and conservatives; left and right, Obama | 37 Replies

Obama’s energy proposals and your utility bills

The New Neo Posted on March 4, 2009 by neoMarch 4, 2009

If you ever had any doubt, it’s becoming more and more clear every day that Obama meant every single radical thing he ever said. Including that one about bankrupting the coal companies. Don’t recall it? Well, let me refresh your … Continue reading →

Posted in Finance and economics, Science | 119 Replies

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