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Sunday, March 30, 2014

p-value weirdness in a world of big data | Fredrik deBoer

Profit Margins: The Death of a Chart | Philosophical Economics

Profit Margins: The Death of a Chart | Philosophical Economics:

General Motors (GM) operates numerous plants in China. Suppose that one of these plants produces and sells one extra car. The profit will be added to CPATAX–a U.S. resident corporation, through its foreign affiliate, has earned money. But the wages and salaries paid to the workers and supervisors at the plant, and the compensation paid to the domestic suppliers, advertisers, contractors, and so on, will not be added to GDP, because the activities did not take place inside the United States. They took place in China, and therefore they belong to Chinese GDP. So, in effect, CPATAX/GDP will increase as if the sale entailed a 100% profit margin–actually, an infinite profit margin. Positive profit on a revenue of zero.

We Fear What We Don't Understand Kid Dynamite's World

We Fear What We Don't Understand Kid Dynamite's World

Yankees’ Masahiro Tanaka Epitomizes the Japanese Approach to Baseball - NYTimes.com

Yankees’ Masahiro Tanaka Epitomizes the Japanese Approach to Baseball - NYTimes.com

Plutocracy without end: Why the 1 percent always defeats the middle class - Salon.com

Plutocracy without end: Why the 1 percent always defeats the middle class - Salon.com

Steve Sailer: iSteve: Shamelessness

California Farmers Short of Labor, and Patience - NYTimes.com

Raise pay or invest in technology.



California Farmers Short of Labor, and Patience - NYTimes.com

Saturday, March 29, 2014

Advice for a Happy Life by Charles Murray - WSJ.com

Advice for a Happy Life by Charles Murray - WSJ.com

Ford Destroys Cadillac's Rich Guy Ad - Business Insider

N'est pas?



Ford Destroys Cadillac's Rich Guy Ad - Business Insider

He Remade Our World by Mark Danner | The New York Review of Books

He Remade Our World by Mark Danner | The New York Review of Books

Video: The Charity Stripe | SportsonEarth.com

Do what works, not what others think looks good.





Video: The Charity Stripe | SportsonEarth.com

On with Larry Kudlow Tonight on His Last Show! | Jared Bernstein | On the Economy

Points of agreement between left and right economists are as many as points of disagreement.



On with Larry Kudlow Tonight on His Last Show! | Jared Bernstein | On the Economy

There’s No Substitute for Good Judgment | PRAGMATIC CAPITALISM

Nobel laureate Richard Feynmanemphasized the point: “The first principle is that you must not fool yourself – and you are the easiest person to fool.”



There’s No Substitute for Good Judgment | PRAGMATIC CAPITALISM

interfluidity � “Incentives to produce” are incentives to rig the game

interfluidity � “Incentives to produce” are incentives to rig the game

Wednesday, March 26, 2014

Tuesday, March 25, 2014

The Reason Stick: The Venn Diagram of Irrational Nonsense

The Reason Stick: The Venn Diagram of Irrational Nonsense

How to Understand Georgia's 'Guns Everywhere' Law: Four Blunt Points - Businessweek

How to Understand Georgia's 'Guns Everywhere' Law: Four Blunt Points - Businessweek

Banks pay out $100bn in US fines - FT.com

Banks pay out $100bn in US fines - FT.com

Ezekiel Emanuel: ObamaCare's Fourth Anniversary: Progress, With Caveats - WSJ.com

Ezekiel Emanuel: ObamaCare's Fourth Anniversary: Progress, With Caveats - WSJ.com

The Dead Are Wealthier Than the Living: Capital in the 21st Century - Pacific Standard: The Science of Society

The Dead Are Wealthier Than the Living: Capital in the 21st Century - Pacific Standard: The Science of Society

the top of the world - bookforum.com / current issue

the top of the world - bookforum.com / current issue

The Epicurean Dealmaker: Hail Mary, Full of Grace

The Epicurean Dealmaker: Hail Mary, Full of Grace

Zombie hordes thrive, await further hedge fund corpses | FT Alphaville

Zombie hordes thrive, await further hedge fund corpses | FT Alphaville

This Is Brad DeLong's Grasping Reality...: Over at the WCEG: No, I Really Do Not Think That We Were Doomed to the Lesser Depression Plus the Greater Stagnation: I Think Paul Krugman Gets One Wrong Here...: Monday Focus: March 24, 2014

This Is Brad DeLong's Grasping Reality...: Over at the WCEG: No, I Really Do Not Think That We Were Doomed to the Lesser Depression Plus the Greater Stagnation: I Think Paul Krugman Gets One Wrong Here...: Monday Focus: March 24, 2014

Friday, March 21, 2014

Black Pathology And The Closing Of The Progressive Mind - Ta-Nehisi Coates - The Atlantic

Black Pathology And The Closing Of The Progressive Mind - Ta-Nehisi Coates - The Atlantic

Is Harvard Basketball the New Duke? - Bloomberg View

Statement on Dissenting Vote at March 19, 2014, Meeting of the Federal Open Market Committee - Messages - Publications & Papers | The Federal Reserve Bank of Minneapolis

Statement on Dissenting Vote at March 19, 2014, Meeting of the Federal Open Market Committee - Messages - Publications & Papers | The Federal Reserve Bank of Minneapolis

City vs. Country: How Where We Live Deepens the Nation's Political Divide - WSJ.com

City vs. Country: How Where We Live Deepens the Nation's Political Divide - WSJ.com

Noahpinion: Behavioral economics vs. behavioral finance

Noahpinion: Behavioral economics vs. behavioral finance

Monday, March 17, 2014

Facebook Creates Software That Matches Faces Almost as Well as You Do | MIT Technology Review

Facebook Creates Software That Matches Faces Almost as Well as You Do | MIT Technology Review

The Graph | ACASignups.net

The Graph | ACASignups.net

University of Chicago Is Outlier With Growing Debt Load - Bloomberg

University of Chicago Is Outlier With Growing Debt Load - Bloomberg

FiveThirtyEight | How Statisticians Could Help Find That Missing Plane

FiveThirtyEight | How Statisticians Could Help Find That Missing Plane

The Flute, the Flute Is Calling - NYTimes.com

The Flute, the Flute Is Calling - NYTimes.com

Give Impact Investing Time and Space to Develop - Sasha Dichter - Harvard Business Review

Give Impact Investing Time and Space to Develop - Sasha Dichter - Harvard Business Review

Why is it so expensive to build a bridge in America? - The Week

Why is it so expensive to build a bridge in America? - The Week

Why did the stock market sell off today? | The Reformed Broker

Why did the stock market sell off today? | The Reformed Broker

Bill Gates: The Rolling Stone Interview | Culture News | Rolling Stone

Bill Gates: The Rolling Stone Interview | Culture News | Rolling Stone

Japan's future may be stunted by its past | The Japan Times

Japan's future may be stunted by its past | The Japan Times

Liberal Arts Graduates Use Coding to Secure Jobs - WSJ.com

Liberal Arts Graduates Use Coding to Secure Jobs - WSJ.com

Friday, March 07, 2014

Bryan Cranston is breaking good - FT.com

Bryan Cranston is breaking good - FT.com

Yale Endowment Report

Pay attention to three investors:

Buffett

Marks

Swenson





http://investments.yale.edu/images/documents/Yale_Endowment_13.pdf

Yale Model Heat Check | Above the Market

The Yale model still works....for Yale.



Yale Model Heat Check | Above the Market

Trade, Wages, and the Conventional Wisdom (or lack thereof) | Jared Bernstein | On the Economy

Trade, Wages, and the Conventional Wisdom (or lack thereof) | Jared Bernstein | On the Economy

What really caused the decline of American unions? - latimes.com

Be sure to link through to the other articles. Interesting and worthy debate.

More important is the question what can empower workers if no unions?



What really caused the decline of American unions? - latimes.com

Some of My Favorite Quotes

Sometimes platitudes are useful.



Some of My Favorite Quotes

Monday, March 03, 2014

Interview: Karzai says 12-year Afghanistan war has left him angry at U.S. government - The Washington Post

The Great Divide over Market Efficiency | Institutional Investor

The Great Divide over Market Efficiency | Institutional Investor

Watch the United States grow before your eyes

Watch the United States grow before your eyes

Is Abenomics working?, Scott Sumner | EconLog | Library of Economics and Liberty

Is Abenomics working?, Scott Sumner | EconLog | Library of Economics and Liberty

Hire Slow, Fire Fast - Greg McKeown - Harvard Business Review

Hire Slow, Fire Fast - Greg McKeown - Harvard Business Review

The economic future of Americans – some arithmetic | Gavyn Davies

The economic future of Americans – some arithmetic | Gavyn Davies

Where Have All the Lobbyists Gone? | The Nation

Where Have All the Lobbyists Gone? | The Nation

Pressure Rising as Obama Works to Rein In Russia - NYTimes.com

Pressure Rising as Obama Works to Rein In Russia - NYTimes.com

New Law’s Demands on Doctors Have Many Seeking a Network - NYTimes.com

New Law’s Demands on Doctors Have Many Seeking a Network - NYTimes.com

College, the Great Unleveler - NYTimes.com

College, the Great Unleveler - NYTimes.com

Sunday, March 02, 2014

2008 Bailout Counter-Factual | The Big Picture

2008 Bailout Counter-Factual | The Big Picture

The Growing Mess Which Will Be Left Behind By The Abenomics Experiment | A Fistful Of Euros

The Growing Mess Which Will Be Left Behind By The Abenomics Experiment | A Fistful Of Euros

8 Things I Learned from Warren Buffett this Weekend | The Reformed Broker

8 Things I Learned from Warren Buffett this Weekend | The Reformed Broker

Five Common Mistakes and How to Address Them

https://doc.research-and-analytics.csfb.com/docView?language=ENG&format=PDF&source_id=em&document_id=806005350&serialid=wa%2fjsdAV8YbvqAcuYbmEQSVKGUZwJF0pezqIKyi1lTQ%3d

Buffett's Letter

http://www.berkshirehathaway.com/letters/2013ltr.pdf

The expected rate of return from denuclearization has fallen

The expected rate of return from denuclearization has fallen