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Thursday, April 30, 2015

WSJ Editorial Page Watch: The Slow-Growth Fed? | Brookings Institution

WSJ Editorial Page Watch: The Slow-Growth Fed? | Brookings Institution

Globalization" Was Policy, Not Something That Happened | Beat the Press | Blogs | Publications | The Center for Economic and Policy Research

Globalization" Was Policy, Not Something That Happened | Beat the Press | Blogs | Publications | The Center for Economic and Policy Research

Why Noah Smith Gets Investment Fees Mostly Wrong | Pragmatic Capitalism

Why Noah Smith Gets Investment Fees Mostly Wrong | Pragmatic Capitalism

Manufacturing Employment in Historical Perspective: The 27% Manufacturing Labor Force of the Great Society Would Be Gone No Matter What - Washington Center for Equitable Growth

Manufacturing Employment in Historical Perspective: The 27% Manufacturing Labor Force of the Great Society Would Be Gone No Matter What - Washington Center for Equitable Growth

Ta-Nehisi Coates Discusses Everyday Violence in Baltimore - The Atlantic

Ta-Nehisi Coates Discusses Everyday Violence in Baltimore - The Atlantic

Rethinking Japan’s Record on Apologies | The Diplomat

Rethinking Japan’s Record on Apologies | The Diplomat

From “Economic Man” to Behavioral Economics - HBR

From “Economic Man” to Behavioral Economics - HBR

Shinzo Abe of Japan Avoids Specifics in Speech on Trade Accord - NYTimes.com

Shinzo Abe of Japan Avoids Specifics in Speech on Trade Accord - NYTimes.com

Hospitals Provide a Pulse in Struggling Rural Towns - NYTimes.com

Hospitals Provide a Pulse in Struggling Rural Towns - NYTimes.com

Tuesday, April 28, 2015

Tighter U.S.-Japanese Ties Not Meant to Threaten China, Leaders Insist - WSJ

Tighter U.S.-Japanese Ties Not Meant to Threaten China, Leaders Insist - WSJ:



Mr. Abe, while praising a new era of ties with the U.S., declined to apologize for Japan’s legacy of “comfort women,” who were forced to serve Japanese soldiers at wartime brothels during World War II.

Instead, when asked if he wanted to apologize, Mr. Abe said he is “deeply pained” by the legacy and emphasized Japan’s commitment to improving human rights, including the protection of women. “Japan has made various efforts to provide realistic relief for the comfort women,” Mr. Abe said.

Admitted to Your Bedroom: Some Hospitals Try Treating Patients at Home - NYTimes.com

This is a great idea. Hospitals are terrible places to be. And expensive.



Admitted to Your Bedroom: Some Hospitals Try Treating Patients at Home - NYTimes.com

Since 2011, Baltimore has lost or settled more than 100 cases related to police brutality - Vox

Since 2011, Baltimore has lost or settled more than 100 cases related to police brutality - Vox

The Taylor Rule: A benchmark for monetary policy | Brookings Institution

The Taylor Rule: A benchmark for monetary policy | Brookings Institution

Thinking About TPP and TATIP: "Free Trade" - Washington Center for Equitable Growth

The End of College - Business Insider

The Trans-Pacific Partnership | J�r�mie Cohen-Setton at Bruegel.org

Is Working Remotely Sapping Your Creativity? - HBR

Greg Mankiw's Blog: TPP is a trade agreement

Economic Models of Education: A Typology for Future Reference, Bryan Caplan | EconLog | Library of Economics and Liberty

As Riots Follow Freddie Gray's Death in Baltimore, Calls for Calm Ring Hollow - The Atlantic

The Grumpy Economist: Unit roots in English and Pictures

Obama Proposes That Medicare Be Given the Right to Negotiate the Cost of Drugs - NYTimes.com

2016 Candidates Are United in Call to Alter Justice System - NYTimes.com

Sunday, April 26, 2015

This Is Not A Trade Agreement - NYTimes.com

Roger Farmer's Economic Window: Old Keynesian Economics and Equilibrium Theory

Why Do We Remember Gallipoli? - The New Yorker

*How Elite Students Get Elite Jobs*

interfluidity � Tangles of pathology

The puzzle in active investing - Pensions & Investments

Tuesday, April 21, 2015

China’s stalled catchup? | FT Alphaville

Rethinking macroeconomic policy: Introduction | VOX, CEPR’s Policy Portal

Inflation goal may be too low, says Rosengren - FT.com

Symmetric Information Won't Be Perfect | Cato Unbound

P/E Ratios – You’re Doing it Wrong | Stone Street Advisors

88,000 Applicants and Counting for 55 Units in ‘Poor Door’ Building - NYTimes.com

What, Exactly, Do You Want? - NYTimes.com

British regulator challenges US over Berkshire scrutiny - FT.com

The Buffett premium.

He gets to do things that others cannot.







British regulator challenges US over Berkshire scrutiny - FT.com

Monday, April 20, 2015

Is Wall Street Robbing New York’s Pension Funds? - The New Yorker

California’s Water Woes Are Priceless - WSJ

1.5 Million Missing Black Men - NYTimes.com

On Time-Lapse Rocket Ride to Trade Center’s Top, Glimpse of Doomed Tower - NYTimes.com

CEOs Don’t Care Enough About Capital Allocation - HBR

Barack Obama’s welcome Kissinger realism - FT.com

The subtitle is more important.



"When adversaries come to terms, neither gets everything they want."



Barack Obama’s welcome Kissinger realism - FT.com

If the Machines Are Taking our Jobs, They Are Hiding It from the Bureau of Labor Statistics | Beat the Press

Placing Constraints on Yourself | Pragmatic Capitalism

Skip Child Support. Go to Jail. Lose Job. Repeat. - NYTimes.com

IBM Venture With China Stirs Concerns - NYTimes.com

IBM Venture With China Stirs Concerns - NYTimes.com:





The counter factual is of course, that the technology is not that advanced that the Japanese in the past or the Chinese in the future would not have caught up anyway:



"Clyde V. Prestowitz, a senior Commerce Department official in the Reagan administration, said IBM’s approach to China is reminiscent of what the company did in Japan decades ago. He said tech transfers to Japanese companies helped them catch up to the United States."

Saturday, April 18, 2015

Chief Investment Officer - How Do You Solve a Problem Like Consulting?

Hedge Fund Manager Curtis Macnguyen Has Something to Prove - Bloomberg Business

Ben Bernanke’s top excuse for working at a hedge fund actually makes it worse - Vox

Ben Bernanke’s top excuse for working at a hedge fund actually makes it worse - Vox





But having large numbers of former officials move into ill-defined finance roles (think not just Bernanke, but Peter Orszag at Citigroup, Tim Geithner at a private equity firm, and Larry Summers at D.E. Shaw) raises the suspicion that there's just a cozy implicit arrangement here. Run the country in a way that's friendly to the interests of the financial sector writ large, and someone will set you up with a nice no-show job to pad out your retirement.

How the North Vietnamese Remember the Vietnam War, 40 Years After the Fall of Saigon — The Atlantic

And Then There Was One - The Atlantic

'Shallow, Selfish, and Self-Absorbed' Details Why Women Aren't Having Children — The Atlantic

Stumbling and Mumbling: Note on Laffer curves

Why Americans Don’t Want to Soak the Rich - NYTimes.com

Is Support for Income Redistribution Really Falling? - The New Yorker

Friday, April 17, 2015

How America Reduced Its Healthcare Spending by $2 Trillion — The Atlantic

World Bank: Stress test - FT.com

Fraud Fed the Mortgage Crisis - NYTimes.com

Raising the median wage: Policies that target the middle class - The Washington Post

Moore’s Law Shows Its Age - WSJ

Maybe the most important story of the year.



Moore’s Law Shows Its Age - WSJ

Charter Schools Won't Solve Segregation | Demos

Elizabeth Warren Throws Down Gauntlet, Calls for Genuine Financial Reform | naked capitalism

Star Wars: The Force Awakens Official Teaser #2 - YouTube

Japan’s Maglev Train Hits World Record 590 Kilometers Per Hour - Japan Real Time - WSJ

Goldman Sachs: principles and agent - FT.com

Dodd Frank is working. But maybe not only because of Dodd Frank. GS and MS are trying to get their stocks going up again.



Goldman Sachs: principles and agent - FT.com

Thursday, April 16, 2015

Warren Lays Out Detailed Plan to Take on Wall Street | American Banker

The Very Real Hardship of Unpredictable Work Schedules — The Atlantic

NEW LENDING FOR A NEW ECONOMY | Lawrence H. Summers

Labor Department Wants to Tweak�Your Retirement Plan - Bloomberg View

Interview: Li Keqiang on China’s challenges - FT.com

Human Innovation is Winning the Race Against Scarce Resources | Pragmatic Capitalism

Monetary policy in the future | Brookings Institution

Wednesday, April 15, 2015

CONVERSABLE ECONOMIST: Tax Expenditures

Citigroup Joins the Lending Club - Bloomberg View

Disintermediation does not always lead to efficiency or even lower prices: see multiple stock exchanges.



Citigroup Joins the Lending Club - Bloomberg View

CHINA’S WORLD: Hand-Wringing Over ‘Who Lost Asia’ Misses a Point - WSJ

Adolf Hitler Liveblogs World War II: April 15, 1945 (Brad DeLong's Grasping Reality...)

Global trade faces poor growth, says WTO - FT.com

Senate Advances Bill to Require Approval of Iran Nuclear Deal — The Atlantic

May not be a totally bad thing to restrict Presidential power in regards to foreign policy.





Senate Advances Bill to Require Approval of Iran Nuclear Deal — The Atlantic

The Grumpy Economist: Blanchard on Countours of Policy

Noahpinion: Did macro theory fail us in the crisis?

TurboTax or I.R.S. as Tax Preparer? Intuit Has a Favorite - NYTimes.com

TurboTax or I.R.S. as Tax Preparer? Intuit Has a Favorite - NYTimes.com:

High ROI investment by Intuit





 Intuit spent nearly $13 million on federal lobbying

Tuesday, April 14, 2015

Is Neighborhood-Based Education Liberal? -- NYMag

The Lost Language of Privacy - NYTimes.com



The problem with cop cams.

But there seems to be no better way to cut down on abuse.



The Lost Language of Privacy - NYTimes.com

Think the poor don’t pay taxes? This chart proves you very wrong. - Vox

Eight Rules for Dealing with a Rising China - WSJ

Tim Harford — Article — Cigarettes, damn cigarettes and statistics

Why are interest rates so low, part 4: Term premiums | Brookings Institution

New Plan to Shrink Rikers Island Population: Tackle Court Delays - NYTimes.com

New Plan to Shrink Rikers Island Population: Tackle Court Delays - NYTimes.com





Outrageous that 1500 have been held more than  a year without charges.




Health Insurance Shoppers Look to Limited Networks to Save Money - NYTimes.com

Monday, April 13, 2015

Tackling Life’s Big Decisions | Joel Peterson | LinkedIn

Bonanza for the Super-Rich: The Fund Managers' Tax Break

Get a Job? Most Welfare Recipients Already Have One - Real Time Economics - WSJ

Article is not a surprise. The fact that it is a page one article in the WSJ is.





Get a Job? Most Welfare Recipients Already Have One - Real Time Economics - WSJ

Clinton taps Harvard professor’s ideas on social mobility - Politics - The Boston Globe

Mobility is only part of the picture. It should not be used to disguise the problems with inequality.





Clinton taps Harvard professor’s ideas on social mobility - Politics - The Boston Globe

Investment is the cure for secular stagnation - FT.com

China: Projections of power - FT.com

Unequal, Yet Happy - NYTimes.com

So we may be bowling alone, but are doing yoga together.





Unequal, Yet Happy - NYTimes.com

Working, but Needing Public Assistance Anyway - NYTimes.com

Working, but Needing Public Assistance Anyway - NYTimes.com:





The report estimates that state and federal governments spend more than $150 billion a year on four key antipoverty programs used by working families: Medicaid, Temporary Assistance for Needy Families, food stamps and the earned-income tax credit, which is specifically aimed at working families.

Saturday, April 11, 2015

To Keep Free of Federal Reins, Wyoming Catholic College Rejects Student Aid - NYTimes.com

The mistakes made by most development reformers - Chris Blattman

Breakfast with the FT: Ray Kurzweil - FT.com

Some crazy rich guys want to live forever.



Breakfast with the FT: Ray Kurzweil - FT.com

Hedge-Fund Magnate Robert Mercer Emerges as a Generous Backer of Cruz - NYTimes.com

Questions About Airbnb’s Responsibility After Attack by Dog - NYTimes.com

Questions About Airbnb’s Responsibility After Attack by Dog - NYTimes.com

Thursday, April 09, 2015

The rich get government handouts just like the poor. Here are 10 of them - The Washington Post

The rich get government handouts just like the poor. Here are 10 of them - The Washington Post

New York Discovers Wall Street Charges Fees - Bloomberg View

Why Is the "Middle Class" Stressed?: An interesting New Hypothesis from Emmons and Noeth - Washington Center for Equitable Growth

Why Is the "Middle Class" Stressed?: An interesting New Hypothesis from Emmons and Noeth - Washington Center for Equitable Growth:



1. Americans are used to seeing real incomes improve at 2%/year–doubling every generation–and they have not been getting that. Living little better than your predecessors a generation ago is an unpleasant shock.



2. The things that have been becoming cheaper are not seen as things key to your “middle class” status, while the things becoming more expensive and difficult to obtain–a detached house in a good neighborhood with a short commute, health insurance, secure pensions, a good education for your children–are things that it used to be taken for granted a middle-class family could get.

3.  The widening gap between the middle class and the upper class.

For the last time, the American Civil War was not about states’ rights - Quartz

Wednesday, April 08, 2015

The Geography of ObamaCare Nullification: A Remarkable Conundrum of Political Economy - Washington Center for Equitable Growth

Apocalyptic Schadenfreude — Matter — Medium

Yeh, California seems pretty nice to me.



Apocalyptic Schadenfreude — Matter — Medium

China will struggle to keep its momentum - FT.com

Using monetary policy to prevent financial instability, Scott Sumner | EconLog | Library of Economics and Liberty

Study Warns of Diet Supplement Dangers Kept Quiet by F.D.A. - NYTimes.com

Tuesday, April 07, 2015

What It's Like to Work for Donald Rumsfeld — The Atlantic

Should monetary policy take into account risks to financial stability? | Brookings Institution

How Rich People Spend Money — The Atlantic

Auto Analyst:�The Remainder of My Career Will Be�Focused on This One Chart - Bloomberg Business

Auto Analyst:�The Remainder of My Career Will Be�Focused on This One Chart - Bloomberg Business

The Dropout Dilemma - Articles - Federal Reserve Bank of Richmond

The Dropout Dilemma - Articles - Federal Reserve Bank of Richmond

The Outsider Advantage, Bryan Caplan | EconLog | Library of Economics and Liberty

We are all the same. Nothing really matters.



The Outsider Advantage, Bryan Caplan | EconLog | Library of Economics and Liberty

Thursday, April 02, 2015

The Iran nuclear deal, translated into plain English - Vox

The Iran nuclear deal, translated into plain English - Vox

Bill Black: We Send Teachers to Prison for Rigging the Numbers, Why Not Bankers? | naked capitalism

Bill Black: We Send Teachers to Prison for Rigging the Numbers, Why Not Bankers? | naked capitalism

Greg Mankiw's Blog: California should raise the price of water

Sometimes economics offers simple and correct answers to problems.



Greg Mankiw's Blog: California should raise the price of water

The New Stock Market: Sense and Nonsense by Merritt B. Fox, Lawrence R. Glosten, Gabriel V. Rauterberg :: SSRN

The New Stock Market: Sense and Nonsense by Merritt B. Fox, Lawrence R. Glosten, Gabriel V. Rauterberg :: SSRN

csen, With Intellectual Capitals Blocking Land...

csen, With Intellectual Capitals Blocking Land...

The Chinese Billionaire Zhang Lei Spins Research Into Investment Gold - NYTimes.com

The Chinese Billionaire Zhang Lei Spins Research Into Investment Gold - NYTimes.com

How 300 Emails Led to a Summer Job on Wall Street - WSJ

Born Red - The New Yorker

Born Red - The New Yorker

Filmed in NYC - 17,241 Film Locations Mapped

Filmed in NYC - 17,241 Film Locations Mapped

EconoMonitor : Ed Dolan's Econ Blog � Deconstructing ShadowStats. Why is it so Loved by its Followers but Scorned by Economists?

EconoMonitor : Ed Dolan's Econ Blog � Deconstructing ShadowStats. Why is it so Loved by its Followers but Scorned by Economists?

How Computers Trawl a Sea of Data for Stock Picks - WSJ

How Computers Trawl a Sea of Data for Stock Picks - WSJ

Wednesday, April 01, 2015

U.S. Navy alarmed at Beijing’s ‘Great Wall of Sand’ in South China Sea - The Washington Post

U.S. Navy alarmed at Beijing’s ‘Great Wall of Sand’ in South China Sea - The Washington Post

The US welfare state and safety net are bigger than you think. But who are they helping? - AEI | Pethokoukis Blog � AEIdeas

The US welfare state and safety net are bigger than you think. But who are they helping? - AEI | Pethokoukis Blog � AEIdeas

On Secular Stagnation: A Response to Bernanke | Lawrence H. Summers

On Secular Stagnation: A Response to Bernanke | Lawrence H. Summers

Why are interest rates so low, part 2: Secular stagnation | Brookings Institution

Why are interest rates so low, part 2: Secular stagnation | Brookings Institution

The False Hope of a Limited Government, Built on Tax Breaks - NYTimes.com

Tax expenditures are a major source of inequality.



The False Hope of a Limited Government, Built on Tax Breaks - NYTimes.com