Tag Archive for 'government'

‘People Have More to Fear from Governmental Responses to Economic Crisis than from Crisis Itself’

Economic Contractions in the United States: A Failure of Government

President Reagan & Sam Donaldson on Tearing Down the Wall – 20 Years Ago Monday

This is a nice reminder of the power of an honest, transparent, humble, and well-reasoned understanding of liberty.

Google, SAP, and Salesforce.com Could Save Credit Markets and Journalism

Saturday’s Barron’s had a pithy review of Ken Aulettta’s Googled: The End of the World As We Know It.To sum it up, reviewer Mark Veverka says, “Google’s science exposes the inefficiency of traditional advertising and threatens to remove middlemen.”
In other words, as went record labels and travel agents,  so goes my first chosen profession, journalism. The inefficiency of

If this is Chris Whalen’s Draft, I Can’t Wait for His Final

Institutional Risk Analyst co-founder Chris Whalen writes in the new edition of his newsletter:
Until we break the Alliance of Convenience between the Congress, the Fed and the large, TBTF (too big to fail) banks and force our public officials to embrace core American values regarding transparency, insolvency and accountability, we will not in my view [...]

A Set of Economic Comments

Dealbook on the New York Times for the past several days has published a series of articles on the financial crisis and the way forward. It’s a modern media approach to exploring and perhaps developing economic policy.
Say what you will about Web 2.0 and its effect on traditional media. If the Gray Lady can accelerate [...]

Standards Question: NIEM is to XBRL as United States Customary Units are to the Metric System?

True or false?
NIEM is to XBRL as United States customary units are to the Metric System.
The good news is people are working to make sure we don’t need to care. Diane Mueller links to that work from her latest thoughtful piece on the state of transparency. There are alternatives to linking to show authenticity —

Crowd Sourced Legislative Tracking for Crowd Sourced XBRL Disclosure

Update: CBO has published its cost estimate for H.R. 2392.
Bipartisan legislation to make XBRL the standard for disclosure to the U.S. government has been approved in committee and reported to the full House of Representatives for consideration. Here’s the widget to track it from opencongress.org:
// < ![CDATA[
// < ![CDATA[
oc_host_url = "http://www.opencongress.org/";
oc_bill_id = "111-h2392";
oc_frame_height = "192";
oc_bgcolor [...]