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Duke professor Vivek Wadhwa has research that shows that there’s no shortage of IT skills on the job market, in spite of the assertions of executives and analysts. Some other researchers agree:

“No one who has come to the question with an open mind has been able to find any objective data suggesting general [...]

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Here’s an astounding statistic: 10% of homeowners have no equity at all in their homes. Click on the link to read about some of the implications of that number.

In related news, aggregate home debt exceeds home equity for the first time since 1945.

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My first impression of Microsoft’s $44 billion offer for Yahoo is that this is one of those big mergers that’s doomed to tedium, if not failure. It sort of reminds me of HP buying out Compaq. What was the end result other than some people getting a lot richer and a bunch of other people [...]

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As the mortgage crisis unfolds and expands, you see a lot of blame laid on subprime loans, and more specifically, people who signed up for subprime loans. In fact, subprime was voted the word of the year. People are clearly responsible for the contracts they sign, but simply blaming people who took out mortgages they [...]

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Here’s Salon’s Andrew Leonard on today’s 75 point emergency rate cut from the Federal Reserve:

If Bernanke has been “wrong” so many times, was he wrong Tuesday morning? As of this writing, around 2:20 p.m. EST, the lead headline on the Wall Street Journal declared “Fed’s Deep Cut Appears to Soothe Markets.” After falling [...]

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I’m a sucker for observing behavior in non-software industries that’s analogous to perceived problems in the software industry. This is from a blog post on the 2008 Honda Accord:

The day an automaker redesigns a midsize family sedan and declares it to be, “Less roomy, less powerful and less luxurious!” is the day that [...]

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