Why default is inevitable

We seem to be living in perilous times. Parts of the United States government are shut down because the House and Senate can’t agree to either fund or defund Obamacare, whose rollout this month has been an unmitigated disaster. This impasse now threatens the looming deadline to raise the debt limit before the Treasury supposedly runs out of […]

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The 1%: They’re at it again…

One percent of Americans now earn a greater share of income than at any time since the 1920s, according to this article posted today. The top 1% of income earners, those who earned more than $394,000 last year, accounted for more than 19% of all income reported to the IRS, while the top 10%, or those who earned […]

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What to do with Xbox?

Regarding my last post about carving up Microsoft, here’s a Twitter conversation with a good friend that merits some elaboration: @zmortensen Oh, and spin out Xbox separate from consumer? Crazy talk. — Jason Sherron (@cheapredwine) September 10, 2013 I believe that Xbox is not immune from the please-your-best-customer plague that afflicts the rest of Microsoft and kills […]

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