Follow this link to the New York Times report. The report is best summed up by the following paragraph from the story:

In a provocative new study, a pair of Nobel prize-winning economists, Joseph E. Stiglitz and Amartya Sen, urge the adoption of new assessment tools that incorporate a broader concern for human welfare than just economic growth.

This story resonates with what I recently read in the book The Economic Naturalist’s Field Guide: Common Sense Principles for Troubled Times by Robert H. Frank.

One of the points that he made was that the recent tax cuts for the wealthy may have increased their income, but did not necessarily make them any better off (happier). He cites the case of the 10 million dollar birthday party.  The parent was trying to give the child a memorable birthday party.  Before the bubble in wealthy people’s income, a 500 thousand dollar birthday party might have been enough to do the trick.

It is just a case of too many dollars chasing too few goods in a particular sector of the economy.  Like any bubble, it makes the price higher, but you don’t get any more value for your money.  The same is true of the housing bubble.

When the Republicans try to stimulate a part of the economy that is already overheated as they are wont to do, it just raises the prices in that segment without producing any lasting benefit.

As one whose mother died from the effects of breast cancer, I feel obligated to post this on my web site.

Follow this link to see the article on Huffington Post.

Below is the video of Jon Stewart

Follow this link to see this item as reported on Huffington Post.

Must See Hilarious George Bush Bloopers!

In this video Hollywood speaks out to help insurance companies.

Watch the video below.

Follow this link to a letter to the editor of the Worcester Telegram and Gazette. The author of the letter begins:

The results of the Telegram & Gazette poll regarding public opinion of President Barack Obama’s education address restored some of my faith in our citizens. In the poll, about 86 percent said they thought people were going too far in protesting the president’s speech being broadcast to schoolchildren. Only 14 percent said that the country has not gone too far when parents don’t want kids to hear the president talk on TV about education.

I like to think my publishing of these results in the previous blog post, Preventing People From Hearing The President, had some benefit.

Recently Sharon and I were pondering the choices we have made on where to live since we have been married.  The most favorable spin I could put on it is that we have been on a 40 year mission to live among the badly informed and try to bring the truth to our neighbors.  I guess it runs in the family.

The result of this poll shows that the intelligence level of the average Worcester T & G reader is growing by leaps and bounds.  They could even see through the biased way the question was phrased to come up with the intelligent conclusion that 67.5% agreed with the President in how he is reorienting the missile defense shield against potential Iranian missiles.

Follow this link to the C-SPAN video of President Obama’s address to Wall Street on September 14, 2009.

At about 12:25 into the speech, the President said he wants the new  rules to …make sure that markets reward those who compete honestly and vigorously within the system instead of those who are trying to game the system.

I cannot verify CNN’s claims that Faux Noise lied. I don’t watch either network if I want news. So all I can say is, I report, you decide.

For those of my friends that demand proof of my claims that Faux Noise lies, maybe you can do the research on this and tell me who is right. I trust your unbiased judgment on this, NOT.