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Thursday, April 30, 2015
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.
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
Admitted to Your Bedroom: Some Hospitals Try Treating Patients at Home - NYTimes.com
Monday, April 27, 2015
Sunday, April 26, 2015
Saturday, April 25, 2015
Friday, April 24, 2015
Match Game: Companies Push Training to Close Skills Gap - WSJ
Why is it news that companies train workers?
Match Game: Companies Push Training to Close Skills Gap - WSJ
Match Game: Companies Push Training to Close Skills Gap - WSJ
Thursday, April 23, 2015
Richard C. Holbrooke’s Diary of Disagreement With Obama Administration - NYTimes.com
Richard C. Holbrooke’s Diary of Disagreement With Obama Administration - NYTimes.com:
Could be said about any administration, on any topic:
“They don’t have a deep understanding of the issues themselves, but increasingly, they’re deluding themselves into thinking they do.”
Could be said about any administration, on any topic:
“They don’t have a deep understanding of the issues themselves, but increasingly, they’re deluding themselves into thinking they do.”
Wednesday, April 22, 2015
Tuesday, April 21, 2015
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
He gets to do things that others cannot.
British regulator challenges US over Berkshire scrutiny - FT.com
Monday, April 20, 2015
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
"When adversaries come to terms, neither gets everything they want."
Barack Obama’s welcome Kissinger realism - FT.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."
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."
Sunday, April 19, 2015
Saturday, April 18, 2015
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.
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.
Friday, April 17, 2015
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
Goldman Sachs: principles and agent - FT.com
Thursday, April 16, 2015
Wednesday, April 15, 2015
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
Citigroup Joins the Lending Club - Bloomberg View
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
Senate Advances Bill to Require Approval of Iran Nuclear Deal — The Atlantic
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
High ROI investment by Intuit
Intuit spent nearly $13 million on federal lobbying
Tuesday, April 14, 2015
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
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.
Outrageous that 1500 have been held more than a year without charges.
Monday, April 13, 2015
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
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
Clinton taps Harvard professor’s ideas on social mobility - Politics - The Boston Globe
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.
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.
Sunday, April 12, 2015
Saturday, April 11, 2015
Friday, April 10, 2015
Thursday, April 09, 2015
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.
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.
Wednesday, April 08, 2015
Tuesday, April 07, 2015
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
The Outsider Advantage, Bryan Caplan | EconLog | Library of Economics and Liberty
Saturday, April 04, 2015
Earthquakes are not Black Swans
http://www.dmrra.com/publications/Risk%20Magazine/Its%20Seismology%20Not%20Roulette.pdf
Friday, April 03, 2015
Thursday, April 02, 2015
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
Greg Mankiw's Blog: California should raise the price of water
Wednesday, April 01, 2015
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
The False Hope of a Limited Government, Built on Tax Breaks - NYTimes.com