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Saturday, June 29, 2013
Friday, June 28, 2013
Why Is US Inflation So Low? by Martin Feldstein - Project Syndicate
It's the excessive reserve rate, stupid.
Why Is US Inflation So Low? by Martin Feldstein - Project Syndicate
Thursday, June 27, 2013
The Expendables: How the Temps Who Power Corporate Giants Are Getting Crushed - ProPublica
Greg Mankiw needs to experience more events like this. Inequality is about labor not even getter a fair start. It is about Pre tax advantages to corporations and not so much about after tax rates
http://www.propublica.org/article/the-expendables-how-the-temps-who-power-corporate-giants-are-getting-crushe
http://www.propublica.org/article/the-expendables-how-the-temps-who-power-corporate-giants-are-getting-crushe
Is the labor market return to higher education finally falling?
The issue is not whether you go to college, it is what you do once you get there; what you study, how hard you work and what connections you make.
Is the labor market return to higher education finally falling?
Is the labor market return to higher education finally falling?
Wednesday, June 26, 2013
Rep. Duckworth Slams Businessman Over Military Disability Claim | TPM LiveWire
Inequality is about how cynical business men game the system.
Rep. Duckworth Slams Businessman Over Military Disability Claim | TPM LiveWire
Rep. Duckworth Slams Businessman Over Military Disability Claim | TPM LiveWire
Tuesday, June 25, 2013
Stumbling and Mumbling: Meritocracy & justice
Best line," its hard to call much this meritocratic unless you define merit has whatever makes the most money".
That is exactly how Wall Street defines merit, by hook or by crook.
Stumbling and Mumbling: Meritocracy & justice
That is exactly how Wall Street defines merit, by hook or by crook.
Stumbling and Mumbling: Meritocracy & justice
Documents Show Liberals in I.R.S. Dragnet - NYTimes.com
In every other industry, pundits are claiming that the future efficiency lies in the manipulation of big data.
Now the IRS is prohibited from using this by the very republicans who flaunt its value.
Documents Show Liberals in I.R.S. Dragnet - NYTimes.com
Now the IRS is prohibited from using this by the very republicans who flaunt its value.
Documents Show Liberals in I.R.S. Dragnet - NYTimes.com
Monday, June 24, 2013
How Shareholders Are Ruining American Business - Justin Fox - The Atlantic
This is more of a case of "it depends". It is more or a pendulum. Either shareholders or managers have the power to wreck a company. One must provide checks on the other. If not either runs amok.
How Shareholders Are Ruining American Business - Justin Fox - The Atlantic
How Shareholders Are Ruining American Business - Justin Fox - The Atlantic
Sunday, June 23, 2013
George Packer: Can Silicon Valley Embrace Politics? : The New Yorker
This could easily be an article about Greenwich and hedge funds. The one percenters do not like democracy; they know all the answers.
George Packer: Can Silicon Valley Embrace Politics? : The New Yorker
George Packer: Can Silicon Valley Embrace Politics? : The New Yorker
Scout is a Five-Star Original in Basketball - NYTimes.com
My summer basketball camp. Where the star players were waiters for a week. I think Patrick Ewing was one when I was there.
Scout is a Five-Star Original in Basketball - NYTimes.com
Scout is a Five-Star Original in Basketball - NYTimes.com
Saturday, June 22, 2013
The Gatsby Curve
Meritocracy is not the reason for the level of inequality we see today. Pre tax and tax policy decisions combine to keep the top supplied with advantages.
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Wednesday, June 19, 2013
Sunday, June 16, 2013
Saturday, June 15, 2013
Friday, June 14, 2013
Getting More Bang for the Buck in Higher Education - NYTimes.com
Getting More Bang for the Buck in Higher Education - NYTimes.com:
From the comments:
I like the correlation between vastly higher college costs (up 50%) and vastly greater effects of a college degree (earnings up 75%). As a university professor I can tell you exactly why college costs have soared (and no, it is not our salaries). It is accountability. 30 years ago at a typical university, professors had almost absolute power and autonomy. As human nature dictates, a surprising number used this complete lack of supervision as an opportunity to jack around. Unprepared classes and dreadful teaching became the national norm. Nowadays, times have completely changed. Universities are brimming with administrators and staff whose job is to keep tabs on things like student learning, retention rates, and so on. Professors are discouraged in every possible way from jacking around, and also from my observation today's generation of professors is very conscientious because there has been a surfeit of qualified people for at least 20 years now. All this supervision and self-study is not free or even cheap, and it is a major contributor to the cost of college now. Those who would suggest it is not needed, it doesn't matter because we cannot pare it down. Such elements are now required for accreditation of a modern university. We need so much more than blackboards, chalk, and grumpy old professors these days.
From the comments:
I like the correlation between vastly higher college costs (up 50%) and vastly greater effects of a college degree (earnings up 75%). As a university professor I can tell you exactly why college costs have soared (and no, it is not our salaries). It is accountability. 30 years ago at a typical university, professors had almost absolute power and autonomy. As human nature dictates, a surprising number used this complete lack of supervision as an opportunity to jack around. Unprepared classes and dreadful teaching became the national norm. Nowadays, times have completely changed. Universities are brimming with administrators and staff whose job is to keep tabs on things like student learning, retention rates, and so on. Professors are discouraged in every possible way from jacking around, and also from my observation today's generation of professors is very conscientious because there has been a surfeit of qualified people for at least 20 years now. All this supervision and self-study is not free or even cheap, and it is a major contributor to the cost of college now. Those who would suggest it is not needed, it doesn't matter because we cannot pare it down. Such elements are now required for accreditation of a modern university. We need so much more than blackboards, chalk, and grumpy old professors these days.
Thursday, June 13, 2013
Traders Pay for an Early Peek at Key Data - WSJ.com
Corrupt capitalism. Interesting to see how all the insiders defend their right to sell and trade on insider information.
Traders Pay for an Early Peek at Key Data - WSJ.com
Traders Pay for an Early Peek at Key Data - WSJ.com