Could “General Managers” Have Stopped JP Morgan’s Loss?

Jamie Dimon (CEO of JP Morgan Chase) has been in the news for the last couple of weeks and I’m sure he’d much rather not have been (at least not in the news for the reasons he and his firm are in the news). The short version: JPMorgan Chase says losses from a massive trading […]

When the Wisdom of the Crowd Fails

A couple of weeks ago the Supreme Court of the United States (SCOTUS) ruled that the Patient Protection and Affordable Care Act (otherwise referred to as Obamacare) was constitutional. This ruling did not come without controversy because, as with most cases brought before the Supreme Court, there were people who disagreed with the ruling. More to my […]

Operation Cat Drop: A Lesson in Externalities or Unintended Consequences

In the last 3+ months, I’ve been meaning to write a post about “Operation Cat Drop.” With my recent “unburdening” of having to write an “article,” I feel more comfortable recounting the story and adding a few of my ideas to the post. For those unfamiliar with the story of Operation Cat Drop, here’s a […]