Author Archives: AndyGreer314

Is Detroit Really Rising?

I was perusing a recent article over at the Atlantic’s City edition entitled “How Detroit Is Rising,” noting the glowing opinions of various community groups in the city about their prospects. I found Detroit’s June 2011 audit from their website … Continue reading

Posted in Accounting Standards, Economics, Government Failure, Municipal Debt, Unfunded liabiltiies | Leave a comment

Central Falls Pensions Slashed

CBS reports on the real-world effects Central Falls, RI’s receiver is having on pensioners in the bankrupt town.

Posted in Uncategorized | Leave a comment

The “Magic” Greek Financials

From the BBC: “The Greek railway had more employees than passengers. A former minister, Stefanos Manos, had said publicly at the time that it would be cheaper to send everyone by taxi.”  

Posted in Accounting Standards, Federal Debt, Government Failure | Leave a comment

BBC’s Continued Outrage Over CEO Pay

“Executive pay used to be 30 or 40 times the wages of the lowest paid worker, now it is more like 300 or 400 times.” The BBC is running an article today outlining common arguments against executive pay that is … Continue reading

Posted in Distribution, Equality | Leave a comment

Is outrage over gigantic bonuses justified?

Edit Sunday PM: Looks like the situation is more complicated than I made it out to be; UK taxpayers have a majority stake in RBS: http://www.bbc.co.uk/news/uk-16783571. Hester has since refused the payment. _______________________________________________________________ The BBC reported today on public outrage … Continue reading

Posted in Distribution, Equality | Leave a comment