Comments on: Links Fourth of July http://www.nakedcapitalism.com/2009/07/links-fourth-of-july.html Sun, 22 Nov 2009 07:56:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: joebek http://www.nakedcapitalism.com/2009/07/links-fourth-of-july.html#comment-49889 joebek Sat, 04 Jul 2009 17:36:39 +0000 http://www.nakedcapitalism.com/2009/07/links-fourth-of-july-2/#comment-49889 Re: The savings glut thesis. Arguing that the current crisis is the result of a savings glut is a bit like arguing that contemporary unemployment is the consequence of agricultural productivity. On one level this is manifestly true. The act of the intellect is to grasp why it is false. Failing that all is lost. Which is why the crisis is deeper than most have yet intuited. Re: The savings glut thesis. Arguing that the current crisis is the result of a savings glut is a bit like arguing that contemporary unemployment is the consequence of agricultural productivity. On one level this is manifestly true. The act of the intellect is to grasp why it is false. Failing that all is lost. Which is why the crisis is deeper than most have yet intuited.

]]> By: D http://www.nakedcapitalism.com/2009/07/links-fourth-of-july.html#comment-49884 D Sat, 04 Jul 2009 14:26:03 +0000 http://www.nakedcapitalism.com/2009/07/links-fourth-of-july-2/#comment-49884 More reasons for leaving:<br /><br />http://www.google.com/hostednews/ap/article/ALeqM5iwxPhlYU_fmCw_r20xsiF1WwRUMAD98R7KPG6<br /><br />High court strikes down Valdez tax on oil tankers<br /><br />Jun 15, 2009<br /><br />WASHINGTON (AP) — The Supreme Court has struck down as unconstitutional a tax that a city in Alaska imposed on oil tankers using its port.<br /><br />The court ruled 7-2 Monday that the city of Valdez has been unfairly taxing tankers that use its port where they load up with crude oil bound for West Coast refineries.<br /><br /><br /><br />Alaskan Oil Output peaked long ago, and with crash in prices, the state's budget must be interesting:<br /><br /><br />http://www.oilempire.us/alaska.html More reasons for leaving:

http://www.google.com/hostednews/ap/article/ALeqM5iwxPhlYU_fmCw_r20xsiF1WwRUMAD98R7KPG6

High court strikes down Valdez tax on oil tankers

Jun 15, 2009

WASHINGTON (AP) — The Supreme Court has struck down as unconstitutional a tax that a city in Alaska imposed on oil tankers using its port.

The court ruled 7-2 Monday that the city of Valdez has been unfairly taxing tankers that use its port where they load up with crude oil bound for West Coast refineries.

Alaskan Oil Output peaked long ago, and with crash in prices, the state's budget must be interesting:

http://www.oilempire.us/alaska.html

]]> By: D http://www.nakedcapitalism.com/2009/07/links-fourth-of-july.html#comment-49883 D Sat, 04 Jul 2009 14:13:16 +0000 http://www.nakedcapitalism.com/2009/07/links-fourth-of-july-2/#comment-49883 Alaska's pension plan budget hole:<br /><br />http://www.newsminer.com/news/2009/apr/23/state-lawmakers-differ-state-pension-plan/<br /><br /><br />Alaska's Permanent Plan is also in trouble:<br /><br />http://business.theatlantic.com/2009/06/alaska_getting_poorer_faster.php Alaska's pension plan budget hole:

http://www.newsminer.com/news/2009/apr/23/state-lawmakers-differ-state-pension-plan/

Alaska's Permanent Plan is also in trouble:

http://business.theatlantic.com/2009/06/alaska_getting_poorer_faster.php

]]> By: D http://www.nakedcapitalism.com/2009/07/links-fourth-of-july.html#comment-49882 D Sat, 04 Jul 2009 13:34:18 +0000 http://www.nakedcapitalism.com/2009/07/links-fourth-of-july-2/#comment-49882 Can someone tell me if the Alaska Pension problems and State Budget Deficite have anything to do with the Governor leaving abruptly?<br /><br />Will Sarah Palin collect a full Governor's pension even though she left early? <br /><br />Will the pension be under the old regime vs. any new regime enacted in the next 18 months?<br /><br />Why do I think I know the answer to this? Can someone tell me if the Alaska Pension problems and State Budget Deficite have anything to do with the Governor leaving abruptly?

Will Sarah Palin collect a full Governor's pension even though she left early?

Will the pension be under the old regime vs. any new regime enacted in the next 18 months?

Why do I think I know the answer to this?

]]> By: attempter http://www.nakedcapitalism.com/2009/07/links-fourth-of-july.html#comment-49880 attempter Sat, 04 Jul 2009 13:03:37 +0000 http://www.nakedcapitalism.com/2009/07/links-fourth-of-july-2/#comment-49880 The Peter Principle "darts" is funny.<br /><br />It reminds me of how, every time I hear anyone say "you can't nationalize the banks; who will run them?" or "you can't fire/indict/shoot the existing management; who will run them?", I always say, only half-facetiously, that you could randomly select bums off the street and have a decent chance of finding more competent management. The Peter Principle "darts" is funny.

It reminds me of how, every time I hear anyone say "you can't nationalize the banks; who will run them?" or "you can't fire/indict/shoot the existing management; who will run them?", I always say, only half-facetiously, that you could randomly select bums off the street and have a decent chance of finding more competent management.

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