Just like the last one, a collection of [what nerds like myself find is] interesting stuff.
Greece, Italy, and otherwise Southern Europe are falling apart; nothing surprising here if you know your economics.
Calculated Risk does a 5 part series on Bonds, Banks and Sovereign Debt Risk, very good stuff.
Skyscrapers and bubble correlation – in the past it’s been suggested skyscraper construction is a decent indicator of an oncoming financial crisis or recession. I’m skeptical, but it’s still an interesting theory.
Relationship of financial crises and wars – particularly the panic of 1907 and WWI.
Bank deposits over loans ratios hit new highs – not an encouraging sign.
Decent explanation of what a liquidity trap is and why we’re in one – something we spent quite some time on in Macro.
Jodi from Economists-Do-It-With-Models (a great site) tackles a stupid article by Salon blaming Econ 101 for all of societies’ woes in a post accurately titled “Econ 101 myth-busting-busting and the dumbest thing I’ve read today.”
Politicians, their paychecks and a corruption index – I can hardly contain my glee.
Recall when I said “I don’t believe fracking companies are paying the true societal or environment cost of fracking, there is a negative externality here” well what do you think? Also check out this slideshow of our largest strip mines.
Bloomberg claims most rappers are lying about how much money they have – also Bloomberg does a terrible analysis of rap lyrics in “proving” their claim.
I misspoke when saying we subsidize Brazil’s sugar farmers, we actually subsidize their cotton farmers, along with our own, of course.
ACA: Labor Unions finally open an economics textbook, examine how price floors work, and get mad at Obama over the ACA making unions less competitive. Derp.
BART union’s 2,400 members strike, shuts down commutes of 400,000; here’s their deal.
Kansas school teachers choosing to quit big union, the $600 annual dues are too high.
Twinkies are back, and without the old ridiculous, dumb union rules (although those are mentioned in the article).
Americans united in opposition to internet sales tax – not surprising, most Americans oppose any tax they’ll have to pay.
Technology and Jobs – Kenneth Rogoff on creative destruction.
Info on the number of Americans on food stamps, poverty and unemployment as less noticeable today as food stamps avoid the painful visual of the old 1930s bread lines – check out this infographic as well.
Intellectual property laws (i.e. copyrights, patents, etc) can exacerbate inequality, what with things like patent trolls, Copyright Term Extension Act or the fact that the Happy-Birthday song is copyrighted?
Collusion case against Apple: Judge rules Apple colluded and set prices on ebooks.
Would you fire someone by text message? kthnxbai sry g2g lol
Black babies cost less to adopt – this is one is very interesting. There is also another way to say this, “white babies made more expensive to adopt.” In essence they’re tinkering with the price to get as many children into homes as possible.
Alabama to lower school standards for students based on their race – apparently not realizing by lowering standards for a group of students, you will create separate and unequal degrees.
WSJ shows the results of some programs who charged students tuition based on their expected future earnings. Harrison Bergeron anyone?