Nigerians seem to be adept at one thing, viz, keeping on improving in their techniques of cheating. This is evident from yet another breakthrough made by the Chennai Cyber Crime Police by identifying a Nigerian reported to be involved in an on line Lottery Fraud. A businessman from a uburb of Chenni had lodged a […]
Fixing the Assessment Roll – Revised – May 1, 2008
Fixing the Assessment Roll: Revised The recent Ground Report article on fixing the assessment roll in Dobbs Ferry got a lot of attention and comment. Paul Feiner took up the offer to form a task force to look into the issue and report its finding and recommendations to the Town of Greenburgh. Some of […]
Finally, A Contentious Budget Cycle
Dobbs Ferry, New York. In a democracy, a budget cut, no matter how small, will be met with prolonged rage, while a tax break is greeted with ephemeral indifference. These lopsided emotions track observed human behavior when faced with financial losses and gains. Humans react to a 10% loss twice a severely as they appreciate […]
Don’t Believe Wall Street Hype About Social Security
by Mike Hall Earlier this week, the Social Security Board of Trustees released the 65th annual report on the program’s financial status. And on cue, the Bush administration and the Wall Street-knows-best crowd—now joined by Sen. John McCain(who acknowledges ” economics is something I’ve never really understood as well as I should”)—used the occasion to push for […]
TurboTax 2007 Review
Yes, it is that time of the year again and taxes are certainly on many of people’s minds. Some will enjoy what they believe to be the gift of a refund from the government, while others will certainly be parting with their hard-earned cash. Regardless of where you stand in the grand scheme of the […]
The Market Is Inefficient
Frankfurt, Germany, January 2008 “The market is inefficient”. There I said it. I know that I am committing an inexcusable act of apostasy, especially for a master of business administration. But volatility in the world financial markets this week brings the issue into focus. Even the liberal bastion, the Financial Times, is musing about the meaning of these convolutions. […]