Time Odyssey

A journey into the weird.

Archive for the 'Economics' Category


Asteroid 2007 TU24

Saturday, September 27th, 2008
Astronomy, Economics, Geology, Politics | No Comments »

So here is a scary thought: Asteroid 2007 TU24 was discovered on October 11, 2007 and it was only determined on January 24th, 2008 to not be a threat. What is the problem here? The closest approach to Earth of this object was calculated to be just 5 days later.
Now I don’t know about you [...]

The US’s Financial Chernobyl

Thursday, September 25th, 2008
Economics, Politics, Uncategorized | No Comments »

The US financial crisis is one of epic proportions. To understand it one needs to understand why and how money changes hands within a fairly complex system of exchanges
To start we have the consumer with standard requirements for various types of debt instruments: mortgage, revolving credit, car loans, etc.. The consumer goes to the bank [...]

Economics of Poverty

Tuesday, September 16th, 2008
Economics, Philosophy, Politics | No Comments »

So I am listening to CBC radio today very briefly in the car and they have some speaker on Ontario Today who is advocating a whole series of social reforms from increasing the minimum wage to benefits for contract employees and a host of other social programs. On the right side of the fence we [...]