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Comedy
Author Archives: Edwin Lee
Collective bargaining is essential but usually fatally flawed
The collective bargaining between the NFL owners and players broke down quickly. Next season is in jeopardy. There are two serious flaws in their negotiations: a lack of mutual respect and an absence of key stakeholders. The first led to … Continue reading
Posted in Business Health, Sustainable Economies
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Watson: a boon and a danger
In his essay In the Watson Era, Will the Computer Be Servant, Master, or Savior? , Clay Farris Naff correctly grasps the potential that Watson demonstrated when it beat two Jeopardy champions. As he says, there is no doubt that … Continue reading
Posted in Politics, Sustainable Economies
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Economics Symposium at MIT: brilliant and interesting, but largely unreal
Last week MIT kicked off its 150th anniversary with an economics symposium which featured about 30 of the titans of economics and finance connected to MIT, including two Nobel Laureates. More than 1000 people gathered in Kresge Auditorium to listen … Continue reading
Posted in Sustainable Economies
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Cut the baby in half!
Two women, fighting over a baby, were brought before king Solomon. Both vehemently claimed to be the baby’s mother. Solomon took the baby, drew his sword and said he would give one half to each of them. At this, one … Continue reading
Posted in Politics
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Mr. President: Let the Bush Tax Cuts Expire
The Bush Tax Cuts have already increased the Federal budget deficit by nearly $1 trillion over the last decade. If extended they will add over $100 billion more in 2011. These tax cuts, particularly the elimination of Estate Taxes in … Continue reading
1 Fundamentals of Systems
An economy is a huge, complicated and somewhat uncertain system. It includes materials, machines, networks, companies and governments as well as millions of people who make rational, emotional and arbitrary economic decisions. Some decisions, like buying a suit at Nordstrom … Continue reading
Posted in Sustainable Economies
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