CPI adjustment

What Bernanke said: “Over a period of time, we want to move inflation always back toward 2 percent,”

What Bernanke thought: “... and we’ll keep changing the way we calculate inflation to guarantee that the numbers always meet this objective.”


... and in Haiku form:

C.P.I is made

To be what I say it is

Bernanke Dumpty

Let computers do the thinking

I was buying a book on Amazon, and this is the message I got:

When you buy this book now for $48.95 and sell it back later for a $0.45 Amazon.com Gift Card, it could cost you as little as $48.50.

Only a computer can think it's a good deal.  But they do more and more of the thinking for us.

Another One Bites The Dust

Another opportunity for the Internet to become the tool for significant social change has bite the dust, as Twitter announced on Thursday that it will begin deleting users' tweets in countries that require it.

Capitalism – disinterested in social order, tyranny or justice – has won another dollar. Let us keep the social excuses for intervening in countries internal affairs, only to those who don't pay us.

The Arab Spring will be remember as blip in the history of twitter as a company that could change important things, now they are back to changing our consumer behavior, telling us which porn is the best.

Well done twitter. I am logging off.



And the same for the Haiku challenge:

Twitter removes twits
If the state asks. Who is state?
What about freedom?

The financial industry and value destruction

In this book, Simon Lack exposes what many in the industry has known all along, but preferred never to let out. The financial industry creates value for the manager of the financial industry, but destroys value for  investors. That is, 84% of all profits of the hedge fund industry, as a whole, went to the pockets of a few hundred hedge fund managers. They were not the investors.

This is a must book for anyone who wants to understand how distorted a system have we created. It is also a must for any politician who wants to make things better, and not only for themselves. But do such people exist?

Fathomless Stupidity (part 1342 and counting)

My bank, demanding a proof of address in the form of a utility bill or bank statement, accepted their own statement as a proof. .... and this is the top 1%

Europe vs. America

I attended a European American Christmas dinner, and I am still unsure if I prefer the French pretend intellectual depth, or the American pride in their intellectual shallowness. 

 

The latest from Dad (Dictators against discrimination)

UN Flags flew at Half-Mast for Kim Jong-il's Funeral, followed by a moment of silence for the North Korean Dictator, who killed, tortured and starved millions of his own people. The UN spokeswoman said it was merely following the customary protocol upon the deaths of state leaders.

Lawyers for the Dad (Dictators against discrimination) are now suing the the UN for discrimination against the deceased leaders of Iraq and Iran. “The fact that the N. Korean dictator was not killed in the hand of the UN forces, cannot be considered relevant, and will not be accepted as a valid excuse to justify the discrimination against Kim's his Libyan and Iraqi peers,” said the spokesman for the organization.

Human right legal experts believe that an out-of court settlement, which will include the permanent placement of the dictators' statues in the UN assembly hall, is likely to be reached soon.