The Truth About Dubai

March 9, 2006 7:26 AM by J. Henderson

The instigators of the current furor seem entirely ignorant of reality in the city of Dubai, the second largest emirate within the UAE. As J. Henderson discovered on a recent trip to Dubai, the city is the furthest thing one could imagine from being a hotbed of Islamic extremism. Dubai is rapidly evolving into the leading financial and commercial center in the Middle East. Less than 10% of the city's economy depends on oil revenues, with the majority generated from international trade and tourism. FULL ARTICLE

Fools Put Faith in Data Alone

February 23, 2006 7:28 AM by J. Henderson

James Sheehan writes that randomness influences all types of human action and helpfully exposes the futility of macroeconomics and econometrics, to say nothing of the attempt by government to plan. This is demonstrated in Nassim Taleb 2001 book that has been read by every major hedge fund manager. He speaks from experience but his conclusions, if not his method at arriving at them, are consistent with what Austrians have said for 50 years. FULL ARTICLE

NY Gubernatorial Candidate Strikes Again

January 14, 2005 3:40 PM by J. Henderson

New York state attorney general and gubernatorial candidate Eliot Spitzer reached a $600K settlement with Macy’s department stores in his race profiling investigation of the company. The store must also train its security guards to avoid racial profiling.

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