Browsing All Posts published on »July, 2012«

Gun Control & the Belief in Small Numbers

July 22, 2012

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There’s a tweet circulating following the terrible events in Colorado this week. It’s been retweeted more than 17,000 times now: “In one year, GUNS murdered 35 in Australia, 39 in England and Wales, 194 in Germany, 200 in Canada, and 9,484 in the United States….” This is exactly the type of fallacy drawn from the “Belief […]

Loss Reserves hitting bank balance sheets

July 19, 2012

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Under bank regulations, banks are required to set reserves against losses for defaulting mortgages (and other bad debt, mostly most mortgages….).  With the Q2 earnings posting last week and this week, these loss reserves are leading the headlines for the major banks. It’s interesting to see the difference of opinion on how to account for […]