Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.

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My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.

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The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.

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Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.

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Meth production and use is a serious problem in Kentucky and across the country. Clearly, there is a growing need for a national strategy to combat this crisis. Increasing public awareness is a significant means for prevention.

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The increase in inequality in income is a longtime trend, but the pressure on middle- and low-income workers is going up rapidly. Especially if they live in an area where there are high housing and gas prices, like California.

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Transocean Ltd Strategy Time Money-Saving Decisions

Transocean Ltd our world’s largest off-shore oil rig company
continues to astonish continues to share market make a mark
after stain marking Gulf of Mexico inking in over 200 million
gallons of oil by rush exploding their rig Deep Water Horizon

now rubbing salt callously cruelly into pristine polluted raw wounds
vile nature destroying company awarded managers healthy bonuses
bonuses for major component safety to honour their environmental
strategy a series of time money-saving decisions deliberately aimed

at creating what President Barack Obama’s investigation commission
termed “an unacceptable amount of risk.” Secret Transocean policy
is revealed executive compensation bonuses motivating executives
“to keep up the good work” of cutting more dangerous safety corners

to correct what went wrong in management of Deep Water Horizon
rig takes profit profit profit time wasting big money money money
bonuses give all the wrong incentives to do the wrong thing when
principled leadership is lacking and environmental damage fines are

small change ignored. ‘The Wall Street Journal’ reports company’s “management reckons 2010 as its “best year in safety performance”
in spite of the accident” because cutting safety corners made extra
money money money. Transocean identified their magic bean profit

formula with celebratory words “we achieved an exemplary
statistical safety record.' Based on the total rate of incidents
and their severity' we recorded the best year in [our] safety
performance in our company's history.' in dollar profit terms

trashing Gulf of Mexico was a good profit write off investment


Copyright © Terence George Craddock
Source of data ‘The Worden Report’ article ‘Transocean Executive Compensation Bonuses for 'Best Safety Year in 2010' in spite of the Deep Water Horizon Explosion’ posted by Dr. Worden.

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We are doing everything we can to protect the food supply. And I can tell you that we're making decisions based upon sound science and good public policy, given the circumstances that we are now in.

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Too many problem-solving sessions become battlegrounds where decisions are made based on power rather than intelligence.

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Austan Goolsbee

If a lobbyist sets up shop, or a lawyer, in which they're receiving income through what is something like a tax loophole so that it's not counting as corporate income, that is what this is counting as a small business.

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I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

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Not Covered By Medicare

Spending habits out of control?
No problem.
Living on a fixed income,
And the doing of it has gotten old?
Nooo problem.

Are you graying with age gracefully?
Or are you still trying to convince anyone,
You are just a few years over 21?
No problem.

Just sit and admit it,
Even though difficult to do.
You are old and it shows!
Fixed income or not...
It is a part of life we all go through.
With few if any exceptions.
And that's the way our muscle flow.

'No!
Butt and stomach tucks.
Face lifts and the erasing of wrinkles,
Are not covered by 'medicare'.

However,
There may be a provision for corns and bunions,
With a co-pay.
Would you like your makeover to begin,
In those areas first?
We can take years off of the appearance of your feet.'

~Well...
Let me think about it.
I was hoping for something,
A bit more impressive.~

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If the staff lacks policy guidance against which to test decisions, their decisions will be random.

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As we've gotten more successful, there's a gap between the speed of our publishing pipeline and the speed of our receiving submissions pipeline. Our pipeline of leaks has been increasing exponentially as our profile rises, and our ability to publish is increasing linearly.

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When business executives are making the artistic decisions and don't understand animation, things can go awry.

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We had some major successes and we did so because the country embraced the spirit of Earth Day and embraced this concept that we have to have forward-looking, visionary environmental policy and energy policy in this country.

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There is an increasing awareness of the interrelatedness of things. We are becoming less prone to accept an immediate solution without questioning its larger implications.

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Transocean Ltd Vision Gulf Of Mexico Does Not Count

Transocean Ltd. CEO Steve Newman scores on Gulf oil
the company noted 'the tragic loss of life' when BP PLC
exploded their Transocean's Deepwater Horizon oil rig in
the Gulf of Mexico on April 20 2010 killing 11 workers

causing the largest offshore oil spill in American history
Newman brushed the incident off proclaiming company
'exemplary' safety record which “met or exceeded certain
internal safety targets concerning frequency and severity

of its accidents, according to the filing with the Securities
and Exchange Commission on Friday.” Newman loves
putting out fire with gasoline getting big bonuses shafting
ocean environment with explosion policy profit not safety

is mean and a commission appointed by President Barack
Obama agreed stated explosion was caused by a series of
time money-saving decisions deliberately made by policy
Transocean, BP and oil services company Halliburton Inc.

These companies “created an unacceptable amount of risk.”
Newman environment can burn hang conservation ideology
reflected in blue lighter fluid burning of protective red tape
was polished off in the company regulatory filing bonuses

“appropriate as a way to recognize its executives' efforts in
'significantly improving the company's safety record' and
implementing a new internal planning system” (called burn
baby burn record 200 million gallons spilled oil stupidity)

Transocean Ltd further boasting 'exemplary' safety record
executives efforts 'significantly improving the company's
safety record' proudly continued stated “Those efforts have
'enabled the company to maintain its financial flexibility

during a challenging period, ('the tragic loss of life') while,
at the same time, positioning the company for sustained
growth in the future.' Achieved without handicap safety
first life saving policy limiting losing profit unforgivable

Transocean Ltd. CEO Steve Newman soaks up a calculated
by The Associated Press $5.8 million compensation package
after spilling 200 million gallons of oops accident crime oil
into beautiful Gulf of Mexico because nature does not count


Copyright © Terence George Craddock
Source article ‘Transocean gives safety bonuses despite deaths’ by Jordan Robertson, AP Business Writer.

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We need to ask our policy makers and those we elect to office who are supposed to make decisions to give us the evidence of the facts that are behind the decisions that we make. We should be skeptical.

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The people who make policy decisions should damned well know what they are talking about before they make the decisions. There is nobody who is an expert on cloning who would be afraid after seeing Attack of the Clones.

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I make decisions based on my work, not based on meetings with my business managers, who I don't like to meet.

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