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July 12, 2011
tech
What tech boom? Cisco cuts at least 5K jobs.
On a topic I was thinking about on my drive home yesterday, why is it that as adults, we are immune to our desires that we had as a child? Who hasn't gone past checkout stand filled with candy and wondered why the attraction held us so intently as a child? And, why aren't we researching that and finding ways to immunize our kids to this phenomena?
The previous article about Gen X's ideas about marriage and divorce made me think about our core issue of selfishness. As adults, I think we disguise our selfishness much better. Unlike a child, we know enough to not demand for our own instant gratification. However, selfishness is still there lurking right underneath. Our relationships reflect this and our society is just getting better in hiding it.
An article about the secret to self-control.
Government jobs and well-being.
Hmm..after looking at this, I think I should just pull this section out of the Economist article:
Some market participants argue such a default would be quickly “cured” and be therefore merely technical. Yet history suggests that even a technical default can be costly. America’s only known instance of outright default (other than refusing to repay debts in gold in 1933) occurred in 1979 when the Treasury failed to redeem $122m of Treasury bills on time. It blamed unprecedentedly high interest from small investors, a delay in raising the debt ceiling and a word-processing-equipment failure. Although it repaid the money and a penalty to boot, a later study by Terry Zivney, now of Ball State University, and Richard Marcus of the University of Wisconsin-Milwaukee found it caused a 60-basis-point interest-rate premium on some federal debt. Today that would cost $86 billion a year or 0.6% of GDP, a hefty penalty for something so avoidable.
Posted by azileretsis at July 12, 2011 01:08 PM
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