Posts Tagged ‘Economy’

The Dallas Morning News would like you to know that 1100 jobs in Texas have either been saved or created because of federal stimulus money. Hooray! They would also like you to know that Texas lost 44,700 jobs in September.

Wait, wha?

Have we gained jobs or haven’t we?

See, this is why you should never let politicians do math.

Previously:
‘Stimulus’ spending could cost Texas 171,900 jobs

It’s official: Hybrid cars cost more than fuel-efficient non-hybrids.

OK, so you knew that already. But now with an online calculator from the Rocky Mountain Institute (the independent, entrepreneurial, nonprofit think-and-do tank™), you have proof. With graphs!

For example, compare a (base) Toyota Corolla, which gets between 26 and 35 mpg, to a Toyota Prius, which gets between 48 and 51 mpg. At $2.61/gallon for gas, if you drive each car 15,000 miles for 5 years, the total cost of ownership of the Corolla is $5400 less than the Prius.

Continue reading…

Yesterday I touched on the BCS in college football and whether its complicated system of bowl selection, which heavily favors six major conferences to the detriment of others, is fair. Of course it’s not. Meanwhile, this question of fairness is at the core of another more serious debate going on right now, that of health care reform.

President Obama and congressional Democrats are pushing hard to pass a massive overhaul of this nation’s health care system, instituting a government-run universal health care program that would provide medical coverage for every American. Proponents of the program criticize the high cost of private insurance and medical care and point out the millions of Americans who can’t afford it. And in fact, Texas has the highest rate of uninsured citizens in the country (about 25% of Texans have no insurance, including 40.5% of Hispanics). They argue that providing a government-backed program in addition to private plans is the only way to keep people from falling through the cracks.

Sounds fair, right? And fair is good, isn’t it? Well, no.

Continue reading…

Did Karl Marx, the Father of Socialism, invent college football’s Bowl Championship Series (aka the BCS)?  Or would he have approved of a “communistic” playoff system?

That appears to be the big question in college football (and even on Capitol Hill) these days.

First, during a hearing in May by the House Energy and Commerce Committee (because apparently they have nothing better to do), Congressman Joe Barton compared the BCS, which decides bowl placement based on several computer algorithms and human polls, to communism:

“It is interesting that people of good will — I think everybody on whatever side of the issue is a person of good will — keeps trying to tinker with the current system.”

“It’s like communism, you can’t fix it.”

Continue reading…

When comparing Texas and California, this cartoon from The Economist tells you everything you need to know:

Never mind the Economist’s statement that they are the “nation’s two biggest states” (I think Alaska might have something to say about that) or that the Dallas-Fort Worth area is made up of “flat, ugly countryside” (OK, that might not be too far off). The fact remains that CAHL-EE-FOR-NEE-A is old and busted, while the Lone Star State is the new hotness.

Continue reading…

It’s official: Washington has no idea what it’s doing.

This is a video of Senator Jim DeMint (R-SC) questioning Treasury Secretary (and tax cheat) Timothy Geithner over the $700,000,000,000 bailout rescue plan (aka TARP).

Now, there’s a couple of parts to this video.

First, Sen. DeMint asks Geithner about the repayment of the bailout money. If a bank pays the government back $50 billion, he wonders, would that money go back into the general fund to be used elsewhere, or would it be re-loaned to other banks? Geithner says both.

Huh?

Continue reading…

Twitter

Flickr

“Can I help you?”Stole 2 seconds of your life.Willis Tower, ChicagoWacker Street constructionChicago CanalChicago CanalGiordano's Pizza, ChicagoA19Gold sky and cloudsParty time