US
Counter-cyclical demand watch #1
So we’re in a recession, and in a recession people tend to buy less of most everything. That is unless you’re dealing with inferior goods. So what’s been shown to be economic inferior goods lately?
Pasta. From a post to Curious Capitalist you can learn about the Pasta Index and the currently fabulous fortunes of the [...]
Strange names likely screw with your kid’s future
Do unusual names really affect future outcomes for your children? A study out of the States by David E. Kalist and Daniel Y. Lee - First Names and Crime: Does Unpopularity Spell Trouble? - suggests that this might be true.
Their objective in the study:
We investigate the relationship between first name popularity and juvenile delinquency to [...]
White guys do not look all alike…
Catching up child development and behaviour related articles that I’ve seen and read over the past few weeks.
A study was recently published by Sophie Labrecht, Lara J. Pierce, Michael J. Tarr and, James W. Tanaka, from Brown University and the University entitled “Perceptual Other-Race Training Reduces Implicit Racial Bias“. The team attempted to:
…examine the relationship [...]
Top 5 things I’d like to see Obama do
These are more pet issues that the world saving ideas that top other lists, but they’d make a significant difference in America and in it’s sphere of influence.
1. Trade with Cuba
The trade embargo has allowed a despot to drive his country into abject poverty, and kill thousands. Trade will increase - and would have increased [...]
All the financial crisis blather is making economics reading boring…
We need more challenging and entertaining stuff like these (mostly from the recent AEA conference):
Dwight R Lee’s article entitled Should Government Reduce Inequality in Life Spans? with such swell quotes as:
Government transfers to reduce the gender gap in life expectancy would do little more than reduce improvements in both women’s and men’s life expectancies. For [...]
Madoff’s con won’t be fixed by regulations…
…only by improved personal responsibility.
To put things very simply, it wasn’t a lack of regulations that let Madoff run his scheme for as long as he did.
What allowed him to evade prosecution by current laws was merely a lack of due dilligence on the part of the investors in his “fund”. While most investments take [...]
Starting up again…
So I’ve actually been nagged by my loyal reader again and have decided to shake off the holiday blahs and get back into this effluent that I call “writing”.
Over the holidays betwixt events and Events and the like I worked my way throughsafer loads of TV and movies and had the chance to read through, [...]
US still hates gays…
In an unsurprising - and selfish - move the United States has decided that it should still have to right to criminalize the mere existence of homosexuality. The reason the US delegation put forward for not supporting the declaration is that as the federal government they are not legally aloud to contravene laws of individual [...]
Economic Manhattan Project or simple creative destruction?
In the latest Edge newsletter is an article proposing and discussing an economic Manhattan Project where a group of good scientists would get together and “solve” the current economic crisis. On the surface this doesn’t sound completely bad when the initial description is:
The economic crisis has to be stabilized immediately. This has to be carried [...]
US Libertarians demonstrate why they are unelectable
An article titled The Left-Libertarian vs. Right-Libertarian Controversy is a clear example the kind nitpicking that makes the US libertarian movement marginal.
Libertarianism is generally defined as individualism, with clear property rights and minimal (but not zero) government - and is clearly an antonym of authoritarianism. A pretty simple definition. Getting into the line between left [...]
Public schools are a must unless you’re rich
TSC points out that left-of-centre Obama is sending his kids to a private school instead of a public one. While this may be surprising to some, most left-leaning politicians with enough cash send their kids to private schools while stridently opposing anything resembling a voucher system.
This is true of most aspects of enforced public funding, [...]
Alberta tidbits from OECD stats
After hearing about the interactive OECD regional stats tool I headed over to check it out. If you are at all interested in statistics, economics, demographics or otherwise it’s well worth a visit if you have the time - it’s the kind of tool I’d love to have built. I certainly hope they extend their [...]
Niels Veldhuis says don’t blame greed
An excellent article (PDF) written by Niels Veldhuis of the Fraser Institute lays out solid description of the poor government incentives that significantly contributed to the recent market crunch. He does all of this while discussing the difference between greed and self-interest (one of my favourite topics) and why self-interest is truly what makes the [...]
But I tried really hard. Honest.
From the Post comes an article about a highly entertaining study that shows the level of entitlement of university students. Ellen Greenberg from UC Irvine polled 400 undergrads and developed some conclusions from the results. From the article:
Ms. Greenberger’s study reveals that students who are academically entitled are more likely to engage in academic cheating, [...]
From today’s Financial Post
A couple of well penned paragraphs in the business section showed up in the Post today.
The first was a reprint of an editorial from the WSJ talking about the potential nationalization of the auto industry (read: Big 3):
A Detroit bailout would also be unfair to other companies that make cars in the U.S. Yes, those [...]
