Guilty!

The worst part of media coverage of the yesterday's celebration of The White Collar Crime Awareness Day was Steven Colbert's vacation. Sad.

"Don't Even Try To Out Stupid Donald Trump" (Watch on YouTube)

(no subject)

Невозможно себе представить глав государств Сингапур или Нидерландов, которые бы хвалили своего бывшего сотрудника, признанного виновным в систематическом уклонении от налогов на миллионы долларов.



Позор на весь мир.

Political sorting

http://www.econtalk.org/lilliana-mason-on-uncivil-agreement/

Mason argues that political partisanship has become stronger in America in recent years because it aligns with other forms of community and identity. People are associating primarily with people who share their political views in their other social activities outside of politics. As a result, they encounter fewer people from the other side. The intensity of partisanship can even overcome ideology as partisans change their policy positions in their eagerness to be on the winning side.

The win-lose mindset prevents us, among other things, from making good government policies because the need for victory overrides rational choices.

220% gross profit margins

Cohen had excellent profit margins on covering up his client's affairs:

According to court filings, Cohen provided documentation to the Trump Organization showing that he had made the $130,000 payment to Clifford’s lawyer, and asked for reimbursement for it along with other campaign expenses. The Trump Organization decided to pay him $420,000, telling them to invoice them for monthly installments of $35,000.

https://www.bloomberg.com/news/articles/2018-08-23/cohen-s-plea-reveals-web-of-hush-money-witnesses-or-targets