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To MAGAs, The Constitution Isn’t The Point

1.     January 6 was a shocking aberration. ...

Resilience: Debunking The Debunker

Sarah Green Carmichael, in a Bloomberg News item titled “You don’t need more resilience, you...

There’s DEI, And Then There’s DEI

A job interview, some years back, at No Name University (NNU). I was the candidate. The diversity...

The Economics You Were Taught? Dead.

This is a companion piece to “Enough: Toward A Sustainable Economics” https://www.science20...

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Fred PhillipsRSS Feed of this column.

After a dozen years as a market research executive, Fred Phillips was professor, dean, and vice provost at a variety of universities in the US, Europe, and South America. He is now Visiting Professor... Read More »

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Last month New York’s Attorney-General Andrew Cuomo criticized banks – including Citi, Merrill Lynch, Goldman Sachs, Morgan Stanley and JPMorgan Chase – for paying large (okay, huge) executive bonuses when the companies were losing money.

He called this an illicit transfer of shareholder wealth to the pockets of individual managers. 

Cuomo’s report spurs me to tell you about a certain illicit transfer of taxpayer money to private pockets, one that’s been bothering me a lot... 

It’s 40 years this week since the Apollo astronauts landed on the moon. Analysis of the tapes shows that Neil Armstrong did say “small step for a man” – and not “small step for man” – though he said the “a” quickly and radio static obscured it.

As my small contribution to the space program, I’ll confirm that this can happen.

The tough editorial decision was behind us; the die had been cast.  Pre-prints of the controversial article and its invited rejoinder appeared on the publisher’s web site.  The same day, the Nicolas Cage movie Next opened in theaters. Those who believe in eerie coincidences will see one here.  Let me explain.