Best explanation I have read: http://dealbook.nytimes.com/2009/10/07/dealbook-dialogue-lynn-stout/ For me, a financial derivative is like a “sidebet” at a poker game. Sidebets are annoying because they are usually called for by loud and obnoxious players who have no patience to wait for the next round. To put things into perspective. The US Economy is like a $3x$6… Continue reading Economics: What is a derivative?
Category: Politics
Government waste money on Mobile app
Great article on how much money the government waste hiring incompetent people. http://gun.io/blog/the-governments-200000-useless-android-application/
This is why we Occupy
Today I launched thisiswhyweoccupy.us It’s having some moderate success. You should check it out. Although the site list many reasons why we Occupy, I really have just one reason “We Occupy to remind you that you are being cheated.” But I am not as eloquent as this guy, who wrote a very powerful letter defending… Continue reading This is why we Occupy
Child labor laws are dumb
… well… at least that is what one Republican presidential candidate thinks. There really is no need for me to say more… Just watch the video…
Dan Lungren is such a douche
Every time I hear Dan Lungren on the radio, he’s always saying something extremely douche-y. He’s the U.S. Representative for California’s 3rd congressional district, which is most of Sacramento, including Elk Grove. He’s one of those typical Republican mouth piece that blames everything on Obama and the democrat. He’s the iconic symbol of partisanship. I… Continue reading Dan Lungren is such a douche
UC Davis Silent Protest
What was supposed to be a quiet Saturday turned out to be one of the more memorable events of my life. I started the day by going to the mall with wife. I hate going to the mall. Especially around this time of the year. But coincidentally, at the mall we ran into some friends… Continue reading UC Davis Silent Protest
Consumer Protection Agency
Yesterday on the radio they were interviewing a couple of people who have donated money to the Herman Cain campaign. It blew my mind that these people said they have donated upwards of $1000, and were thinking of donating more. One person even said that if it turns out he IS guilty of sexual harassment,… Continue reading Consumer Protection Agency
San Francisco Proposition H
Today on NPR they were talking about Prop H, a “where should kids go to school” initiative in SF. It reminded me of the time when I was looking for a roommate in Davis on craigslist. An old Vietnamese man responded and came to visit my place. He told me he owns a house in… Continue reading San Francisco Proposition H
Land of milk and honey
Ten years after the Bush tax cuts, America is in a “Great Recession”. Yet the Republican Party continues to support policies that puts all the economic burdens on the backs of the poor. What’s worst, every year the cost of tuitions rises, and there is a war against public education. We will be left with… Continue reading Land of milk and honey
Bomb Shelter for Congress
NPR had this interesting story on secret bunkers built to protect congress in case of an emergency. My tongue and cheek reaction is, in case of an emergency, why the heck do we need to protect the most useless members of our society? I could think of a lot more citizens worthy of protection than… Continue reading Bomb Shelter for Congress