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Why Is Brookings Pushing Scammy Annuity Products?

On Saturday morning, a Tweet from Brookings caught my eye.  It suggested “Longevity Annuities” would be a great solution to the post-pension problem of longevity risk.  This is such an unbelievably bad idea that my first thought was that some insurance company had corrupted Brookings.  I see no evidence of that, however.  It’s probably just a case of two Hamilton Project thinkers who are overly in love with private industry solutions to truly public problems.

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Midterms Open Thread

Have you all noticed that over the last two days, whoever is picking op-eds for The New York Times has decided that we shouldn't even have midterm elections?

Well, we do have them.  And you can discuss them and how they are all Obama's fault (or not) right here!

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Michael Maiello's picture

The End of QE and the Bret Easton Ellis Era of Monetary Policy

Quantitative Easing, we hardly knew ye, and now ye are gone without a lot of people even knowing what ye did or how ye did it. Well, here were some of your effects.

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Review: The Death of Klinghoffer

Last night, we went to see The Death of Klinghoffer at the Metropolitan Opera at Lincoln Center.  We’re new to opera.  We went to our first show, La Boheme last month.  This exploration of a new, for me, art form is quite invigorating and so far the Met’s productions are top notch and the opera house at Lincoln Center is just a beautiful place to spend an evening.  As a matter of pure art, I am totally convinced by composer John Adams and I’d definitely jump at the chance to see Nixon in China or

Michael Maiello's picture

Public Service Announcement: Ebola and New York City

Our mayor just tried to calm the populace:

"There is no reason for New Yorkers to be alarmed," de Blasio said at a news conference. "Being on the same subway car or living near someone with Ebola does not in itself put someone at risk."

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Michael Maiello's picture

A Way Back Book Review: The Mouse That Roared

When I was a kid, my dad had mentioned a book called The Mouse That Roared and for some reason, his description of the premise – a tiny nation captures a nuclear bomb that makes it the most powerful country on Earth – stuck with me.  He must have mentioned this thirty years ago, but a few weeks ago I found myself Googling for it and finding it long out of print.  I looked on Amazon and people wanted $130 for it.  Sometimes, though, it pays to go local.  I found it at The Strand for $9.  Well, definitely had to have it

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Short Century: A Novel of War and Taboo

Thanks to The Lost and Found Show, I had the opportunity to read at Word Bookstore as part of the Brooklyn Book Festival this year.  Believe me, I was hilarious.  No, really.  I was funny.  But, beyond that, I met the author David Burr Gerrard and his debut novel Short Century. I just finished reading it and it was a bl

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Friday Deep Thoughts (Open Thread!)

When U.S. trade policies wreck entire industries and cause unemployment, our answer is "train the workers."

When U.S. foreign policies wreck entire regions, sending them into a tailspin of ethnic, religious and economic violence and chaos our answer is "train the local armies to deal with it."

I think we need to combine these two things to turn the unemployed into the world's most effective killing machine.  I mean, it's just synergy, right?

**End of Week Open Thread!**

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Michael Maiello's picture

Attack on ISIS (Watch Your Wallet)

As I somewhat expected, the military hawks have won over American public opinion regarding Syria/Iraq/ISIS, though what they get for that is tempered by Obama's pru

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What If The People Who Want To Go To War In Syria Are Fantasists?

This Foreign Affairs article by Kenneth M. Pollack is a sight to behold. In it, the Brookings Senior Fellow and oft-quoted historian of military history in the Middle East, suggests that the United States should recruit, train, fund and equip a new Syrian army capable of defeating ISIS and deposing Bashar al-Assad at the same time.

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Personal Information

Website
http://www.dagblog.com
Superpowers

Figure Four Leglock.

Favorite Quotes

Jet flyin, limo ridin, kiss stealin, wheelin, dealing, son of a gun!

Biography

Michael Maiello (also known as "Destor23") is a New York based columnist, performer, fiction author and playwright. He is the author of Shuts & Failures, Rejected New Yorker Pieces (Also Rejected by McSweeney's!). He worked for ten years at Forbes Media, writing and editing for both Forbes Magazine and Forbes.com and also appeared frequently on CNBC, Fox News, Fox Business News, CNN and MSNBC.  He is also the author of the 2004 book Buy The Rumor, Sell The Fact: 85 Wall Street Maxims and What They Really Mean. He has performed stand up comedy at The Laugh Factory, The Comic Strip and the Philadelphia Fringe Festival, Mama D's Arts Bordello and The Lost and Found Show. He has had four plays published (Night of Faith and Waiting For Death by Playscripts.com; Principia and Troy! Troy! Troy!by The New York Theatre Experience/indiethieatrenow). He has written for Rolling Stone, The Daily, Reuters, Esquire, McSweeney's the Liar's League reading series and theNewerYork.

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