Around U.S., a House Is a Home but Not a Bonanza
August 6, 2003
By DAVID LEONHARDT
FORT WAYNE, Ind. - On a tree-filled boulevard known as
Doctors' Row, the four- and five-bedroom brick Tudor homes
that are the jewels of this city's housing stock were
selling for about $150,000 two decades ago. A
> Dear armchairs,
>
> i think there is a at least partial contradiction between the hypothesis
of diminishing marginal return of income and the hypothesis that people care
about consuming more than their neighbors or about earning more than their
neighbors (Frank: Luxury Fever). If the latter is
> But in a dictatorship, while my
> child-rearing opportunities suffer, my business opportunities suffer
> even more.
But what if you live under a capitalist dicatator, like Chile's General
Pinochet or South Korea's General Park [is this name right?]?
>
>
> I was under the impression that
> fe
"...in not too many generations differential fertility could swamp the
effects of anything else we may do about our economic standing in the
world."
http://www.slavin.uk.net/texts/birth.html
IQ and falling birthrates
R.J. Herrnstein
The Atlantic, May 1989 v263 n5 p72(7)
Bright, well-educated
Interesting.
http://cbs.marketwatch.com/news/story.asp?siteid=mktw&dist=mktwmore&guid=%7B
1DA8AC17%2D33C3%2D49C5%2D8DA0%2DFBB987ADDDA1%7D
MARK HULBERT
Market's reaction to Fed rate cut
By Mark Hulbert, CBS.MarketWatch.com
Last Update: 1:13 AM ET June 27, 2003
Most investors are considering t
New York Times
June 28, 2003
Calculating the Irrational in Economics
By STEPHEN J. DUBNER
When the Federal Reserve Bank of Boston invited the leading
behavioral economists to a Cape Cod golf resort this month to make their
case,
it was plainly a signal moment. "It has the feeling of being summon
But would this really give us economic models more useful than the
simplified ones currently used? Taking more factors into account may make
the models so hard to maximize that there is no net gain in predictive
accuracy. Thoughts, anyone?
~Alypius
> - Economists need to expand the repertoire of
> The spectrum leaseholders should be free of any content restrictions
(other
> than the usual laws about fraud). That would create a market for the
> highest and best social use of the spectrum.
>
I was cheering you on upto here. Banning content restrictions (which I
think is a decision that
Public release date: 14-May-2003
Contact: Denise Brehm [EMAIL PROTECTED] 617-253-2700
Massachusetts Institute of Technology
http://web.mit.edu/newsoffice/www/
Stock trade patterns could help predict financial earthquakes
CAMBRIDGE, Mass.--The stock market has its share of shakeups, but who would
RACE, POVERTY, AND PERSONAL INJURY AWARDS
For years lawyers have talked about "the Bronx effect," the idea that
juries from high-poverty areas with large minority populations favor
injured plaintiffs. But anecdotes aside, little hard evidence has
been brought forward one way or the other. The
Bush Advisor Matt Simmons Who Advised
Cheney's Energy Task Force Confirms Peak Oil is Major Concern of Bush
Administration
Peak Oil Symptoms More Apparent
Recoverable Reserves May Be Less Than Hoped
Natural Gas Shortages May Appear in US This
Year
Hydrogen V
#x27;s true of most armed
> forces in Europe.
> I did not read the WSJ paper but they usually are more accurate.
>
> Alypius Skinner a *crit :
> >
> > By coincidence, there was a front page story in yesterday's WSJ about
this
> > very subject. It says Europe (and it
these killers once they get out of
the pen. Perhaps the sense of familial loyalty and obligation just isn't as
strong in western cultures as it is in many others. I'm especially amazed
that OJ is still alive.
~Alypius Skinner
By coincidence, there was a front page story in yesterday's WSJ about this
very subject. It says Europe (and it suggests that Britain is not included
in this analysis) has more men in uniform than the US, but they their troops
more in pay and benefits, most troops are careerists rather than
short-
Yes, But The
Case for Gold James Grant, 02.17.03, 12:00 AM ET The metal will do
well in a time when inflation is heading up and short-term interest rates are
negative. Don't be misled by those who say commodity prices will stay low. Walk through a metal detector into the Florentine sple
>
> Bullshit or not?
>
> Assumption 1: There is a trade off between welfare state spending and
> military spending.
>
> Assumption 2: The more you spend on military, the more a gov't can project
> power abroad.
>
> Assumption 3: The Median European voter prefers more welfare state than
> Americ
>Does anyone know how often CBA is actually used in making
policy? What percent of the federal budget (or state or local) has been
determined by CBA?Cyril Morong
>
I'm sure it's used frequently. It's
probably applied something like this: "what's the minimum amount o
http://www.derosa-research.com/barrons.htm
July 2, 2001
IN DEFENSE OF FREE CAPITAL MARKETSBy
David F. DeRosaBloomberg Press, $27.95, 230 pp.
Reviewed by Gene
Epstein This book is the
proverbial tall drink of water after a long trek through an intellectual desert.
is discovery receives
little attention because it seems to be inherently discouraging.
~Alypius Skinner
"The saga of the human genome project proves that
publicly financed science is extremely effective because it is so intensely
competitive. The project's success also refutes the widespread notion that only
private industry is capable of carrying out large-scale
research."
http://mondediplo
Thanks for the accurate data. Elsewhere, I have read that the pre-war baby
bust began in the mid-1920's--before the great depression--and so could not
have been entirely a result of the difficult times of the '30's. If it
isn't too much trouble, can you either confirm or disconfirm this
claim?~A
> That's a good point about the post-9/11 recovery. But I still suspect
> the indirect consequences of 9/11 played a role. From the graph, it
> looks like the post 9/11 recovery coincided with the surprisingly easy
> victory over the Taliban.
No, I remember the market bottomed on 9-21, just 10
http://www.webace.com.au/~wsh/cool4.htm
Issue 4 November/ December
2002
Concise and comprehensive paper by Dr Chris de Freitas
pointing out myths and fallacies in the entire IPCC position. Dowloadable pdf
file just over 1 Mb.
bear market may not recover in their
lifetimes. It has happened before.
~Alypius Skinner
plus capital gains) is only true for people who enter the
market at very low P/E's and benefit from dramatic P/E "inflation."
~Alypius Skinner
money into safe havens should drive down
both the price of stocks and the yield on bonds.
~Alypius Skinner
http://www.mail-archive.com/futurework@dijkstra.uwaterloo.ca/msg05751.html
http://www.ardemgaz.com/tech/D4bcrashes6.html
History shows paths to market crashes, but lessons seem
forgotten LARRY ELLIOTT THE GUARDIAN,
LONDON In the spring of 1720, when all of London was clamoring
This article can be found at several sites on the
net. This link is to a left-wing site where the feedback was almost
uniformly negative, but, as so often in leftist critiques, factually
empty. Does anyone on the list have any comments about this
story? Despite the fact that the left-libera
http://lists.his.com/smartmarriages/msg00075.html
Japan: Divorces and parasites upset the balance
Financial
Review February 21, 2000Divorces and parasites upset the
balanceTokyo Observed,By Andrew CornellOne of the enduring
images of Japan, even in these recessionary days,
The Clout of CapitalFriday, April 19, 2002Donald
LuskinThere's an important new book that every investor should
read.First published as Luskin's Ahead of the Curve column for
SmartMoney.com on April 19, 2002.THE FORCE OF FINANCEReuven
BrennerTexere: 2002The Force of Finance is an importan
(REUTERS) UPDATE 3-Argentina
says to default again on World Bank debtUPDATE 3-Argentina says to default
again on World Bank debt (Adds World Bank confirmation,
separate bond, paragraph 6) By Brian
Winter BUENOS AIRES, Argentina, Dec 13 (Reuters) -
Argentina'sgovernment said it wou
http://users.cyberone.com.au/myers/popper.html
The Open Society and Its Capitalist Enemies: What Karl
Popper Really Wrote Peter Myers, 21 Blair St., Watson ACT 2602
Australia. Ph +61-2-62475187. Date June 7, 1998; internet edition, April 21,
2001.
Karl Popper is the chief philosopher of
Eamonn Fingleton, Is Japan Faking It?
The Australian Financial Review, Friday 22 November 2002, in the Review
section:
For a decade now, the Western consensus has been that Japan is an economic
basket case. But this is a dramatic misreading of a perennially secretive
society. ...
The truth
http://slate.msn.com/?id=2075217
Beat on the
BratThe economics of
spanking.By Steven
E. LandsburgPosted Monday, December 9,
2002, at 2:25 PM PT
In child discipline, as in pretty much
everything else, the rich have more options than the poor. If you're rich (or
even modes
> New theory explains economic growth in terms of evolutionary biology
>
> The struggle for survival that characterized most of human existence
> stimulated a process of natural selection that conferred an evolutionary
> advantage on humans who had a higher genetic predisposition for a careful
>
In my opinion, here is another fine
example of domestic political expedience triumphing over economic
rationality. Of course, money isn't everything, but one also has to ask:
what will we ultimately have to show for our national "investment?" And why do
our politicians persis
> The social cost of the occupation
> by Nehemia Strasler
> Ha'aretz
>
> This week the parliamentary commission that investigated social
disparities
> in Israel published a 55-page report dealing with the reasons for the
> increase in the socioeconomic gaps in Israel over the past 20 years. Even
http://human-nature.com/nibbs/02/stiglitz.html
Book Review
Globalization and Its Discontents By Joseph StiglitzW.W.
Norton & Co., May 2002. 282pp.
Reviewed by
James M.
Rossi.
For most of the world's people, globalization has not worked
out as adver
tment circles is that Iran will be our next conquest after Iraq--do they
have enough oil left to pay for a war, too? If not, maybe Iraq could pay for
both wars.
~Alypius Skinner
http://www.newsmax.com/showinsidecover.shtml?a=2002/12/6/152909
Friday, Dec. 6, 2002
$2 Trillion to Fight Iraq?
War
ill doubling). Random walk theorists would say this is
either impossible or blind, dumb luck. I suspect the degree of inefficiency
in the markets is underestimated, although I also agree it takes either
quite a bit of work or quite a bit of sophistication--more than the typical
mutual fund manager possesses--to take advantage of it.
~Alypius Skinner
le. Is there some
way the market for votes could be made more competitive? Also, how much
capital does it take to launch a serious third party challenge to an
entrenched duopoly?
~Alypius Skinner
ze global welfare or to balance the interests of its own voters' upper
and lower classes for a happy medium between growth and security.
~Alypius Skinner
> --- Alypius Skinner <[EMAIL PROTECTED]> wrote:
> > A statistical physics model is predicting that the US stock market
> > recovery suggested by recent rises will only last until spring next
year,
> > before tumbling yet further.
>
> Why would this
democracy, while they do exist, are
in many ways less striking than the parallels.)
~Alypius Skinner
>
> I've never really studied the Median Voter Theorem.
> Recently I read where someone claimed that the U.S.
> political system was designed to keep the two parties
> nearly id
http://www.newscientist.com/news/news.jsp?id=ns3124
Statistical physics predicts stock market
gloom
11:59 02 December 02
NewScientist.com news service
A statistical physics model is predicting that the US s
Our president's economic policy--in his own
words.
DUBYA EXPLAINS WHY THE FRENCH ECONOMY LAGS BEHIND
OURS:
"The French don't have a word for
'Entrepreneur.'"
DUBYA EXPLAINS OUR TRADE
DEFICIT:
"The vast majority of our imports come from
outside the country."
DUBYA ASSESSES HIS PERF
http://www.newscientist.com/news/news.jsp?id=ns3124
Statistical physics predicts stock market
gloom
11:59 02 December 02
NewScientist.com news service
A statistical physics model is predicting that the US
Jacob W Braestrup wrote:
> Alypius Skinner wrote
>
> Thus some sort of
> > balance must be struck between compassion for our fellow man and
> maintaining
> > the incentives for temptation-prone people (who are often the same as
> the
> > incompetent or
http://www.nature.com/nsu/021125/021125-8.html
Few had wealth in ancient EgyptHouses hint
at polarized society 3,500 years ago. 29
November 2002
PHILIP BALL
e is also an exaggerated concern with not "imposing" moral
values on welfare recipients, which is a policy guaranteed to increase abuse
of taxpayer generosity.
~Alypius Skinner
gly guy isn't rich--oh! You mean pecuniary benefits taken
from *other* people--purely through voluntary donations of course. After
all, you consider force to be (morally?) "bad." I'm just looking for some
consistency here.
But what happens if there aren't enough people who are willing to donate?
~Alypius Skinner
hese three
possibilites, only one justifies the type of government program suggested by
Fred Folvary. Evaluating proposed government schemes for further "managing"
the free sector of the economy on a case by case basis is a well
demonstrated failure.
~Alypius Skinner
PS--When I started to
(COMTEX B: Mortgage market commentary--Low rates
require persistent panic Nov 22, 2002 (Inman News Features via
COMTEX) -- The tone of financial marketsshifted suddenly this week, favoring
stocks and hurting bonds and mortgages. Byyesterday, 30-year fixed rates
touched 6.25 percent in the lo
"Higher energy prices are needed now to signal the real
> scarcity to come. Without higher prices we will not invest in the
> alternative energy technologies needed for a smooth transition to the
> post-petroleum age. Without higher prices we will not conserve the
> fossil energy needed to manufact
No link, sorry.~ams
Iraq Raises Suicide Bomber Payments By MOHAMMED
DARAGHMEH Associated Press Writer April 3, 2002, 7:34 PM EST
NABLUS, West Bank -- Saddam Hussein has increased money for
therelatives of suicide bombers from $10,000 to $25,000, drawing
sharpcriticism from Washington. But P
problems with email lately; this is only a test; please ignore
(Continued from Part 1)IV. The Price of
InequalityIt was one of those revealing moments. Responding to an e-mail
message from aCanadian viewer, Robert Novak of ''Crossfire'' delivered a
little speech:''Marg, like most Canadians, you're ill informed and wrong.
The U.S. has thelongest stand
Krugman tries so hard to make his case that he
ignores some other factors (perhaps even more controversial) that contribute to
some of the new social developments that Krugman describes. Unfortunately,
I don't have time to comment on them, but they would not in any
event cancel out the ba
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2002/10/09/wswis09.xml/
EU attacks Swiss over bank reform
By Ambrose Evans-Pritchard in
Brussels(Filed: 09/10/2002)
The European Union moved a step closer to economic warfare
against the Swis
w ability bias and high discount rate bias?
Memory, comprehension, and thinking are physical abilities too. That's why
they are impaired by brain damage and aging. Someone needs to write a book
explaining why smart people believe silly things.
~Alypius Skinner
http://www.observer.co.uk/economy/story/0,1598,776295,00.html
Will Britain succumb to Japanese disease? The spectre of deflation is haunting
central bankers around the globe Faisal IslamSunday August 18,
2002The Observer
In Waco, Texas, at
President Bush's 'economic forum', the pom-poms
http://www.observer.co.uk/economy/story/0,1598,787908,00.html
How the Greenspan bubble burst William KeeganSunday September 8,
2002The Observer
There was a period
during the chancellorship of Nigel Lawson when some Treasury officials favoured
the 'spritzer' as a drink. This is neither w
ater private
funding for research achieve proportionately greater practical results,
equal results, or poorer results? Does anyone have any idea?
~Alypius Skinner
eally so highly leveraged that it constantly dances on the precipice of
disaster? Is the global economy really that fragile, or are the risks of
catastrophe over-rated? Does anyone wish to venture an opinion?
~Alypius Skinner
http://www.observer.co.uk/economy/story/0,1598,805683,00.html
G
een my impression. I suppose a key question here is to
what extent basic research ultimately contributes to discovery and invention
in applied research. Has anyone investigated this question?
~Alypius Skinner
>
>
> -Original Message-
> From: Alypius Skinner [mailto:[EMAIL PROTE
nment,
industry, consumers--to eliminate all government funding of scienfic
research? I am not convinced that this is the case, but, as they say,
stranger things have happened. We ought to look and see.
~Alypius Skinner
ate science be considered private
science?
~Alypius Skinner
The review didn't seem to
> indicate that that was addressed.
>
> -jsh
>
>
> --- Alypius Skinner <[EMAIL PROTECTED]> wrote:
> >
> >
> >
> >
> http://www.cycad.com/cgi-bin/pinc/apr
http://www.observer.co.uk/business/story/0,6903,805309,00.html
A
man for all markets At 93, the scourge of contemporary economics, JK Galbraith, is on the
attack. The author of The Great Crash tells William Keegan that President Bush's
moves against recession are no use at all Sunday Oct
http://human-nature.com/nibbs/02/kohn.html
Unity is Health: An Evolutionary Left
By
Marek Kohn
Marek Kohn
An actress tosses her hair and lets drop the catchphrase,
"Because I'm worth it"; by her own estimation, she is worth a million dollars
per episode of the sitcom
http://www.cycad.com/cgi-bin/pinc/apr2000/books/ff_govscience.html
The Case against Government ScienceThe Economic Laws of Scientific
ResearchTerence KealeySt. Martin's, New York, 1997382 pp, paper
ISBN 0-312-17306-7
Reviewed by Frank Forman
Ayn Rand dramatized the case against governme
a's cotton was
grown in the South, why was most textile manufacturing done in the north? If
anyone has the answer to these questions, we might understand why the
post-War South was for so long impoverished.
~Alypius Skinner
http://www.nytimes.com/library/magazine/home/20010211mag-econ.html
Exuberance Is
Rational
Or
at least human. Richard Thaler has led a revolution in the s
http://www.nytimes.com/2002/08/29/business/29SCEN.html
When Economics Shifts From Science to
EngineeringBy HAL R. VARIAN
CONOMISTS think of
themselves as scientists; their primary goal is to understand how the economy
works. But scientific knowledge is not their only goal; as a famous e
yment" policies. Are there any studies
of the economics of joint households (or communes such as those of the
Hutterites)? If so, they might shed some further light on the conditions
necessary for tenure systems and lifetime employment policies.
~Alypius Skinner
http://www.nature.com/nsu/020923/020923-18.html
Stock market shock explainedPhysicists
model recent trading frenzy. 1 October
2002
PHILIP BALL
>
> The African exception
>
> Mar 28th 2002
> From The Economist print edition
> Economics focus
> 28 3 02
> Experience in one sub-Saharan country shows that overseas aid is not the
> only prerequisite for growth
>
> WHICH country has had the fastest growth in income per person over the
past
>
y, transportation or food increases at a double digit annual
rate?
~Alypius Skinner
Title: China Will Soon Be Second Only To The US
http://www.koreaherald.co.kr/SITE/data/html_dir/2002/08/02/200208020048.asp
China Will Soon Be Second Only To The
USThe Korea Herald8-4-2
Over the coming decades, China will
profit center. The biggest shortcoming to a
fully corporate model seems to be the question of how to spur innovation.
The "mechanics" of innovation have been tackled by some business gurus, but
I don't know how effective their recommendations are.
Free-riding might be dealt with by worker peer groups and by closely tying
worker pay to the profitability of the profit center.
~Alypius Skinner
ple would be given a share per child, while others
would be charged a share per child? What if this led to riots or such?
~Alypius Skinner
>
>
> >John A. Viator wrote:
> >>This would clearly affect the decision to have children in one of
> >>two ways (that I can t
ogy textbook so interesting it can be read for pleasure, but I don't
think it is in print anymore.)
~Alypius Skinner
ies and rare in others? Or is the assumption here
that businessmen in some countries prefer policies which are economically
irrational? How would either a businessman a priori or an economist after
the fact go about estimating or determining which policy was more
profitable?
~Alypius Skinner
Fabio
>
Yet this is just the point. The few pay toilets that I have seen in my life
were in the very places you describe as 'competitors.' Why don't
McDonald's, convenience stores, etc., make their restrooms pay their own
way? Why pay for the maintenance out of their profits?
~Alypius Skinner
83 matches
Mail list logo
