I’ve been following the story of Bell, CA, a small city near Los Angeles that became famous when it came to light that most of the high city officials were drawing outrageous salaries. Apparently they were supporting those salaries with some questionable practices. The Los Angeles Times has a good story here.
December 31, 2010
December 30, 2010
I’ve mentioned it before, but if you haven’t been reading this blog, now is a good time to start. It is a very nice blend of modeling and historical research and very much what I’d like this blog to look more like.
December 29, 2010
Can a husband be charged with a felony for reading his wife’s mail? How about her email? I guess we’ll find out the answer to the latter question soon. Story here.
December 28, 2010
Looks like China has a new missile capability. Story here.
UPDATE: This story explains how the missle works.
December 27, 2010
December 23, 2010
I recently posted regarding the building in China of buildings and whole cities that remain unoccupied. Here is an article regarding the massive real estate bubble now building in China. When it pops a lot of newly middle class folks in China will suffer greatly. I don’t know what the societal repercussions will be but I am betting they will be massive.
December 22, 2010
I don’t know why cities and states haven’t learned why this doesn’t work. It doesn’t. It won’t ever until you do something stupid like try and forbid people from leaving your city or state. Folks with high incomes are those most likely to be able to relocate for tax savings purposes.
December 21, 2010
December 20, 2010
This is interesting. There is a lot of construction going on in China, and you have to wonder if a lot of it isn’t being driven by market forces.
December 19, 2010
Good book, but tough to carry around to read when you get a few minutes.