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Friday, November 30, 2012
Applying Evidence to Social Programs
Often it is not about the facts, but about the politics of the implementation of programs.
Applying Evidence to Social Programs - NYTimes.com
Applying Evidence to Social Programs - NYTimes.com
Twenty-Cent Paradigms: Dark Matter:
Deficits keep increasing but net income also keeps rising.
Twenty-Cent Paradigms: Dark Matter: A Quick Revisit
Twenty-Cent Paradigms: Dark Matter: A Quick Revisit
Thursday, November 29, 2012
Wednesday, November 28, 2012
Carnegie on the School Ethic
Carnegie on the School Ethic, Bryan Caplan | EconLog | Library of Economics and Liberty:
Carnegie on education:
Men have wasted their precious years, trying to extract education from an ignorant past whose chief province is to teach us, not what to adopt, but what to avoid.� Men have sent their sons to colleges to waste their energies upon obtaining a knowledge of such languages as Greek and Latin, which are of no more practical use to them than Choctaw... They have been crammed with the details of petty and insignificant skirmishes between savages, and taught to exalt a band of ruffians into heroes; and we have called them "educated."� They have been "educated" as if they were destined for life upon some other planet than this... What they have obtained has served to imbue them with false ideas and to give them a distaste for practical life... Had they gone into active work during the years spent at college they would have been better educated men in every true sense of that term.� The fire and energy have been stamped out of them, and how to so manage as to live a life of idleness and not a life of usefulness has become the chief question with them.
Carnegie on education:
Men have wasted their precious years, trying to extract education from an ignorant past whose chief province is to teach us, not what to adopt, but what to avoid.� Men have sent their sons to colleges to waste their energies upon obtaining a knowledge of such languages as Greek and Latin, which are of no more practical use to them than Choctaw... They have been crammed with the details of petty and insignificant skirmishes between savages, and taught to exalt a band of ruffians into heroes; and we have called them "educated."� They have been "educated" as if they were destined for life upon some other planet than this... What they have obtained has served to imbue them with false ideas and to give them a distaste for practical life... Had they gone into active work during the years spent at college they would have been better educated men in every true sense of that term.� The fire and energy have been stamped out of them, and how to so manage as to live a life of idleness and not a life of usefulness has become the chief question with them.
Corporate tax should be fair and shared
Corporate tax should be fair and shared - FT.com:
A better solution to international tax evasion:
Instead of attempting to estimate what fraction of a company’s total profit was earned in California and what amount in Wyoming, apportionment states taxed corporations on a share of their aggregate US profits corresponding to the share of their total US activity that took place in the state. The most common basis of apportionment is the “Massachusetts formula”, which gives equal weight to sales, payroll and assets.
A better solution to international tax evasion:
Instead of attempting to estimate what fraction of a company’s total profit was earned in California and what amount in Wyoming, apportionment states taxed corporations on a share of their aggregate US profits corresponding to the share of their total US activity that took place in the state. The most common basis of apportionment is the “Massachusetts formula”, which gives equal weight to sales, payroll and assets.
Corporate tax should be fair and shared
Corporate tax should be fair and shared - FT.com:
A better solution to international tax evasion:
Instead of attempting to estimate what fraction of a company’s total profit was earned in California and what amount in Wyoming, apportionment states taxed corporations on a share of their aggregate US profits corresponding to the share of their total US activity that took place in the state. The most common basis of apportionment is the “Massachusetts formula”, which gives equal weight to sales, payroll and assets.
A better solution to international tax evasion:
Instead of attempting to estimate what fraction of a company’s total profit was earned in California and what amount in Wyoming, apportionment states taxed corporations on a share of their aggregate US profits corresponding to the share of their total US activity that took place in the state. The most common basis of apportionment is the “Massachusetts formula”, which gives equal weight to sales, payroll and assets.
Tuesday, November 27, 2012
Taxes and Transfers Have Become Less Effective at Reducing Inequality | Jared Bernstein | On the Economy
Inequality is not about taxes and transfers:
Taxes and Transfers Have Become Less Effective at Reducing Inequality | Jared Bernstein | On the Economy
- Regressive tax changes
- Shift from labor to capital incomes
- Deregulate financial markets
- Privatize social insurance
- Eroding labor standards (min wage, labor protections)
- Diminished unionization; opposition to collective bargaining
- Pro outsourcing
- Monetary policy favoring low inflation over full employment
- Diminished gov’t commitment to education
- Eroding safety net
- Anti-Keynesianism; pro austerity
- Let-it-rip campaign finance
- Smaller gov’t outlays as share of GDP
Taxes and Transfers Have Become Less Effective at Reducing Inequality | Jared Bernstein | On the Economy
Monday, November 26, 2012
Schapiro, Head of S.E.C., Announces Departure
Schapiro, Head of S.E.C., Announces Departure - NYTimes.com:
Harvey Pitt has a great sense of irony:
“The S.E.C. came back from the brink,” said Harvey L. Pitt, a former chairman of the agency under President George W. Bush.
Harvey Pitt has a great sense of irony:
“The S.E.C. came back from the brink,” said Harvey L. Pitt, a former chairman of the agency under President George W. Bush.
Sunday, November 25, 2012
Tens of Thousands of Egyptians Protest Morsi’s Power Grab
Tens of Thousands of Egyptians Protest Morsi’s Power Grab � naked capitalism:
Important insight:
"I’ve seen this again and again with Japanese in particular, but in general with foreign nationals working for US companies in overseas offices. Americans who haven’t worked in a foreign country tend not to recognize how easily they are seduced by nationals who are Americanized, and gravitate towards them over more talented but less bicultural professionals."
Important insight:
"I’ve seen this again and again with Japanese in particular, but in general with foreign nationals working for US companies in overseas offices. Americans who haven’t worked in a foreign country tend not to recognize how easily they are seduced by nationals who are Americanized, and gravitate towards them over more talented but less bicultural professionals."
Saturday, November 24, 2012
Skills Don’t Pay the Bills
Good article. Wrong title. There is no skills gap. There is a wage gap.
Skills Don’t Pay the Bills - NYTimes.com
Skills Don’t Pay the Bills - NYTimes.com
Friday, November 23, 2012
Thursday, November 22, 2012
Wednesday, November 21, 2012
Tuesday, November 20, 2012
Steven Cohen Implicated in Alleged Insider-Trading Scheme
They finally got him. I have been waiting 10 years for this to come. Sorry to have missed the wave and all that money, but glad I got out of that business before I succumbed to the temptation.Healthcare sector offers too much chance of insider trading.
Steven Cohen Implicated in Alleged Insider-Trading Scheme - WSJ.com
Steven Cohen Implicated in Alleged Insider-Trading Scheme - WSJ.com
The Economically Out-of-Date Nation-State
A must read for Republicans when they talk about job creators.
Obama should think about this as well before he sells out for more.
"What CEO would last five minutes if he announced that the company will be taking a loss to help out the unemployed of Buffalo, New York by creating 1000 new jobs? What CFO could survive informing the board that he neglected to use international tax havens because, gosh, somebody has to help out America's deficit? What would be the business case behind "shared value" in service to America, when the daily grind will be spent in service to meeting earnings forecasts on the Street?
The Economically Out-of-Date Nation-State - Eric Garland - Harvard Business Review
Obama should think about this as well before he sells out for more.
"What CEO would last five minutes if he announced that the company will be taking a loss to help out the unemployed of Buffalo, New York by creating 1000 new jobs? What CFO could survive informing the board that he neglected to use international tax havens because, gosh, somebody has to help out America's deficit? What would be the business case behind "shared value" in service to America, when the daily grind will be spent in service to meeting earnings forecasts on the Street?
The Economically Out-of-Date Nation-State - Eric Garland - Harvard Business Review
Maryland, Rutgers: The Big Ten's Big Land Grab - WSJ.com
Football conferences are no longer about football. Why are donations to athletic programs still tax deductable?
Maryland, Rutgers: The Big Ten's Big Land Grab - WSJ.com:
And so the Big Ten, the benevolent conquistador, snapped up two schools with thin football pedigrees at a time when football is more important than ever. That is because conferences' TV properties and markets are in some ways more important than the on-field product. The evolution is reflected in how fans who once talked about national rankings and conference standings are now talking media-market rankings and conference-network footprints. As Delany said of Maryland: "They're in a great population area."
Maryland, Rutgers: The Big Ten's Big Land Grab - WSJ.com:
And so the Big Ten, the benevolent conquistador, snapped up two schools with thin football pedigrees at a time when football is more important than ever. That is because conferences' TV properties and markets are in some ways more important than the on-field product. The evolution is reflected in how fans who once talked about national rankings and conference standings are now talking media-market rankings and conference-network footprints. As Delany said of Maryland: "They're in a great population area."
Private Equity and Hostess Stumbling Together
Even a defense of Ripplewood comes across as pretty lame. Sure they will lose some equity, but most of that is client money. Meanwhile they took out "millions in fees" and exorbitant salaries for board members. The breakeven analysis for Ripplewood management (not the fund itself which includes clients) would be interesting to see.
Private Equity and Hostess Stumbling Together - NYTimes.com
Private Equity and Hostess Stumbling Together - NYTimes.com
Tainted-Drug Deaths Spawn Heated Debate Over F.D.A.’s Powers
After the fact: is the issue regulation or the willingness of the regulator to use it?
Tainted-Drug Deaths Spawn Heated Debate Over F.D.A.’s Powers - NYTimes.com
Tainted-Drug Deaths Spawn Heated Debate Over F.D.A.’s Powers - NYTimes.com
Monday, November 19, 2012
Dark Trading: Is It Hurting Market Quality? | Market Integrity Insights
Wall Street is always looking at ways to legally rip off investors.
Dark Trading: Is It Hurting Market Quality? | Market Integrity Insights
Dark Trading: Is It Hurting Market Quality? | Market Integrity Insights
Sunday, November 18, 2012
Saturday, November 17, 2012
Trying to Keep Your E-Mails Secret When the C.I.A. Chief Couldn’t
Don't write when you can speak, don't speak when you can nod...
Trying to Keep Your E-Mails Secret When the C.I.A. Chief Couldn’t - NYTimes.com
Trying to Keep Your E-Mails Secret When the C.I.A. Chief Couldn’t - NYTimes.com
Friday, November 16, 2012
Getting the Questions Right | iStockAnalyst.com
People think that inflation is higher than it really is because real income are stagnating.
Getting the Questions Right | iStockAnalyst.com
Getting the Questions Right | iStockAnalyst.com
Thursday, November 15, 2012
Martin Lomasney
Barney Frank reminds us: "Never write if you can speak; never speak if you can nod; never nod if you can wink."
Martin Lomasney - Wikipedia, the free encyclopedia:
Martin Lomasney - Wikipedia, the free encyclopedia:
Email Users Can't Count on Privacy Protections
Write only what you would want to see in the NY Times
Email Users Can't Count on Privacy Protections - WSJ.com
Email Users Can't Count on Privacy Protections - WSJ.com
Wednesday, November 14, 2012
Tuesday, November 13, 2012
2012 Japan Yearly Box Office Results
http://boxofficemojo.com/intl/japan/yearly/
Mark O'Friel
C: 914-907-7144
O: 617-903-0251
F : 419-710-3449
Mark O'Friel
C: 914-907-7144
O: 617-903-0251
F : 419-710-3449
Monday, November 12, 2012
Airlines Face Acute Shortage of Pilots - WSJ.com
From the comments "the title of the article should read 'Airlines face a shortage of Cheap Pilots'"
Most of the stories in the press about labor shortage only reflect the desire of companies to lower the pay of top employees.
Airlines Face Acute Shortage of Pilots - WSJ.com
Most of the stories in the press about labor shortage only reflect the desire of companies to lower the pay of top employees.
Airlines Face Acute Shortage of Pilots - WSJ.com
Sunday, November 11, 2012
Saturday, November 10, 2012
Friday, November 09, 2012
Thursday, November 08, 2012
Purple maps of the 2012 presidential election — The Monkey Cage
Red state blue state is not a good description about how Americans vote, to think.
http://themonkeycage.org/blog/2012/11/08/purple-maps-of-the-2012-presidential-election/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+themonkeycagefeed+%28The+Monkey+Cage%29
http://themonkeycage.org/blog/2012/11/08/purple-maps-of-the-2012-presidential-election/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+themonkeycagefeed+%28The+Monkey+Cage%29
Wednesday, November 07, 2012
Campaign Spending in Swing States - Chart Porn
http://chartporn.org/2012/11/07/campaign-spending-in-swing-states/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ChartPorn+%28Chart+Porn%29
Mark O'Friel
C: 914-907-7144
O: 617-903-0251
F : 419-710-3449
Mark O'Friel
C: 914-907-7144
O: 617-903-0251
F : 419-710-3449