Category: Global news

Creditor of deadbeats = deadbeat debtor: Part 1, Bad debt and bad paper

5 March, 2015 (10:00) | Economics, Eurozone, Finance, Global news, Government, Greece, Grexit, Recapitalization, Sovereign bankruptcy, Speculation, Taxation, Theory | No comments

By: David A. Smith No sooner had I written People value a government they pay taxes for than confirmation of the thesis was forthcoming, in the form of facts, new to me (which is definitely my oversight), that make Greece’s prospects in the Eurozone even worse than I had previously thought. We’re readying the tax-evasion […]

The Law of Committee-Action Tardiness

13 February, 2015 (10:00) | Capital control, Capital markets, Committees, Global news, Government, Regulation, Speculation, Theory | No comments

By: David A. Smith When it comes to analyzing government actions, we make too much of politics or partisanship and far too little of organizational behavior, which unlike politics can not only explain many decisions that would otherwise be incomprehensible but also guide our creativity in designing and implementing policies and programs. Time for the […]

Live-in safety-deposit boxes

10 February, 2015 (09:00) | Apartments, Banking, Global news, Housing, Innovations, Investment, Markets, New York City, Property rights, Speculation | No comments

By: David A. Smith Neil McCauley: A guy told me one time, “Don’t let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner.” Now, if you’re on me and you gotta move when I move, how do you expect […]

Just WHO has a problem here?

5 February, 2015 (09:28) | Banking, Bankruptcy, Bonds, Capital markets, Euro, Eurozone, Global news, Greece, Grexit, Guarantees, Sovereign bankruptcy, Speculation, Syriza | No comments

By: David A. Smith [Interrupting Month in Review, December for some current and topical news – Ed.] Nick Fury: No matter who wins or loses, trouble always comes around… The Avengers, Age of Ultron Here comes trouble As Tony Stark’s creation Ultron said, just before he launched all-out war on humanity, “Everyone creates the thing […]

Aiding and a-bedding? Part 4, In an hour, you won’t want them to

23 January, 2015 (09:00) | Airbnb, Apartments, Cities, Global news, Hotels, Housing, Innovations, Markets, New York City, Paris, Rental, Speculation, Urban issues, US News, Zoning | 1 comment

[Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith Jack Bellicec: What are you talking about? A space flower? Nancy Bellicec: Well why not a space flower? Why do we always expect metal ships? Jack Bellicec: I’ve never expected metal ships. Invasion of the Body Snatchers Arriving […]