"Take this job and shove it..."
My title is in reference to a 1970s Country Western song by Johnny Paycheck. The '70s were a decade of soaring inflation, high interest rates, political upheaval and an erosion of national...
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Things are looking up: inflation and interest rates
The September Federal Reserve Open Market Committee meeting starts today (Tuesday, September 20) and ends tomorrow, and expectations are that they will announce another 75 basis point increase in the federal funds...
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An alligator riding a bicycle
I think it's time to talk about AI. My problem up to this point is that there have been very few "AI" tools that I consider to be real AI. Machine learning...
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Texas grid update
For those of you in other parts of North America, I apologize for the Texas-centric content but we've been on the edge of our seats down here. We made it through Labor...
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Perverse incentives: the revenge of unintended consequences
Discussing student loan forgiveness last week reminded me of an interesting lesson. In assisting clients with development of business strategy, I've had to guard against the creation of perverse incentives. An incentive...
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