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A close friend of my wife works for a political consulting firm. She said that many unions have made the FTT a "money and votes" issue. In other words, in order to get union money and support political candidates must promise to support the FTT.

Hey Tortoise, thanks for the kind words. To be fair, I got help from a couple of fellow traders who aren't ET members, plus help from a couple of ET folks, all of whom provided instructive feedback. Thanks to everyone for posting so many great articles. Most of what I put together I got right...

When the NYSE was a virtual monopoly, everything was great. Now they have to compete. It's called capitalism.

http://www.ft.com/intl/cms/s/0/278412e6-9538-11e1-8faf-00144feab49a.html?ftcamp=published_links%2Frss%2Fworld_uk%2Ffeed%2F%2Fproduct#axzz1twRezNct Wealthy French eye move across the Channel The “soak the rich” rhetoric that has punctuated the presidential campaign has prompted a sharp...

Why do 95% of traders lose? It can be explained with the 80-20 rule. ------------------------------------ 80% of all traders don't have a trading methodology/system with a positive statistical expectancy. If the trading methodology doesn't have a positive expectancy, then all the mental...

California is the leader in free shit. http://online.wsj.com/article/SB10001424052702304537904577277242682364690.html?mod=WSJ_Opinion_LEADTop "From the mid-1980s to 2005, California's population grew by 10 million, while Medicaid recipients soared by seven million; tax filers paying...

The Great California Exodus http://online.wsj.com/article/SB10001424052702304444604577340531861056966.html

My 92 year old grandfather has had prostate cancer for 9 years. His doctor told him: "Men over 80 die with prostate cancer, not from prostate cancer."

Yes, I read it. I stopped eating grains and a lot of good things happened. (I read the book long after I stopped eating grains, but a friend gave me the book.) Something I learned from a dietician who helped restore my health: not everyone reacts the same to grains. Some people do well on...

The reason they don't use "likely" voters now is that it costs a lot more money than polls of "registered" voters. They need larger sample sizes, many more questions, more people to work on the poll, etc. They also have to make adjustments for areas where people register in one party and are...

In a market like intrade, the incumbent will be ahead until there's a lot of evidence otherwise. The reason for this is that many "early bettors" play the general statistical odds that a sitting president has about a 70% chance of being re-elected. We'll probably be looking at a one or two...

Your method gives you a very accurate picture of how registered voters feel about the candidate, but is a poor predictor of elections. The reason is, depending upon the election, 30-50% of registered voters don't vote -- and those who don't vote are not proportionally split among the...

Accurate polls do not "selectively take out democrats." They go through a very arduous process of determining "likely" voters. It costs almost three times as much to determine "likely" voters and most polling organizations won't do it this long before the election. The reason that polls of...

Eliminate all polls of "registered" voters and use only polls of "likely" voters. This will give you a much more accurate picture. And you're right... anything can happen between now and November.

You're missing an important choice in your poll: -- Not guilty because there's not enough evidence to prove the prosecutor's charges beyond a reasonable doubt. If it goes to trial, this is a likely outcome.

I'm pro-2nd Amendment, a gun owner for well over 20 years, and I've had a CCW (license to carry a conceled weapon) for 12 years. That said, I don't think it's as simple as more guns = less crimes. You can find statistical examples of more guns = less crime and more guns = more crime. This is...

Yes, the budget was balanced for a couple of years in the 1990s. There was a great piece of economic analysis that was done a few years ago that I have been unable to locate today, but was extremely interesting. (If I find it I'll post it.) It showed how the economy of the 1990s was a...

The burden is on the prosecution to prove Zimmerman's guilt of specific actions with specific intent and/or a specific depraved or murderous state of mind. Otherwise it's not murder under the law. Everything has to be proven beyond a reasonable doubt to a jury of 12 who all have to agree. In...

http://www.latimes.com/health/la-he-sugar-20120414,0,4074395.story Sounding the sugar alarms Lustig says that sweets in processed food — whether it's high-fructose corn syrup in a soda or cane sugar in a candy bar — are the leading cause of metabolic syndrome, a dangerous collection of...

The burden of proof is on the prosecution. After reading the Affidavit of Probable Cause it doesn't look like the prosecutor has much of case against Zimmerman. Neither the witnesses nor the forensic evidence demonstrate that what happened was anything other than self defense. It's unliklely...