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Links for 04-21-15

What, Exactly, Do You Want? - Cass Sunstein What the Weather Wrought - macroblog Thinking about family firms - Updated Priors History of sociology - Understanding Society Inflation goal may be too low, says Rosengren - FT.com Trust and the Benefit of...



Kevin Drum Claims "We" Haven't Learned Anything from Deepwater Horizon. What you mean, "we," Kemo...

Kevin Drum claims that "we" haven't learned anything from the Deepwater Horizon disaster (the BP oil rig that exploded five years ago in the Gulf, killing a number of people and creating a large oil spill). What is his evidence?  Has...



Who's Subsidizing Whom? And Should We Oppose All New Anti-Poverty Programs as Crony Giveaways?

Well, the new meme on the Left in favor of higher minimum wages seems to be that since many minimum wage workers also receive government benefits, those benefits "subsidize" the employers paying minimum wage.  Example from Kevin Drum here....



'Will not even be permitted to inspect most normal military site'...

'Will not even be permitted to inspect most normal military site'...(Third column, 18th story, link)Related stories:Iran marks Army Day with cries of 'Death to Israel, USA'...Guard rejects inspection of military sites under any nuke...



Jon Corzine Considers Launching Hedge Fund

Jon S. Corzine, the embattled former MF Global Holdings chief executive, has discussed plans to start his own hedge fund in recent months, according to people familiar with the...



What does Robin Hanson think is the most likely “Great Filter”?

Here is a long and excellent post, whereby Robin outs himself as a strange kind of environmentalist.  Do need the whole thing, but here is one summary excerpt: So, bottom line, the future great filter scenario that most concerns me is one where our...



Sunday Night Futures

From the NY Times: Greece Flashes Warning Signals About Its DebtBy the standards of his frenzied schedule here last week, the meeting on Friday between Yanis Varoufakis, the Greek finance minister, and Lee C. Buchheit, the dean of international debt...



For Earth Day: Michael Chricton on the intoxicating vanity of man destroying/saving the planet

As Gadfly pointed out in the comments below my George Carlin post/video earlier today, George Carlin and Michael Crichton were of the same mind. This is from the prologue to Chrichton’s two-volume book “Jurassic Park and...



Links for 04-20-15

Crowding In and the Paradox of Thrift - Paul Krugman Better Housekeeping (on economics blogging) - Economic Principals Public Assistance, Private Subsidies and Low Wage Jobs - Arindrajit Dube Did Taylor Rule deviations cause the global financial crisis?...



Global Central Bankers Don’t See Yuan Devaluation on Horizon

Kim Kyung-Hoon/Reuters Global central bankers don’t expect Chinese officials to devalue their currency as part of a widening campaign to boost output in the world’s second-largest economy. Chinese authorities took new steps Sunday to...



'How Immigrants and Job Mobility Help Low-Skilled Workers'

From Vox EU: How immigrants and job mobility help low-skilled workers, by Mette Foged, Giovanni Peri: Existing studies – largely based on the analyses of large immigration episodes (e.g. Friedberg 2001, Card 1991), and the experience of the US...



Obamacare repeal falls off Republicans' to-do list as law takes hold...

Obamacare repeal falls off Republicans' to-do list as law takes hold...(First column, 15th story, link) ...



Explaining the dearth of private investment

Business investment in advanced economies contracted sharply during the global crisis and has recovered little since. This column argues that the main factor holding back investment is overall economomic weakness. In some countries other contributing...



Rural counties are fastest growing in USA...

Rural counties are fastest growing in USA...(Second column, 8th story, link)Related stories:DC-area growth slows, VA burbs lose population... ...



February's Coincident Indexes Show Increased Economic Activity in 46 States

The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In January, the indexes increased in 46 states, decreased in two, and remained stable in two. In February, the indexes increased in 46 states,...



The U.S. Is Becoming an Oligarchy

Gary Hart: “Our Founders created a republic and, being keen students of the history of republics beginning with Athens, they knew that placing special and narrow interests ahead of the common good and the commonwealth was the corruption that...



The one Bloomberg feature every trader felt lost without

When Bloomberg terminals went down for more than 2 hours on Friday morning, one feature that industry folks particularly missed was the chat tool, known as Instant Bloomberg. More than 315,000 people use Bloomberg terminals around the world. Because the...



NBER Annual conference on macroeconomics

Today I am at the NBER annual macroeconomics conference as an observer.  The program and papers are here, and they look very interesting.  You may be hearing more about this later; I am allowed to blog the presentations but not attribute...



George Lucas' affordable housing plans upsets wealthy California neighbors

After a career spent building worlds in a galaxy far, far away, George Lucas wants to create a community much closer to home. The Star Wars creator has filed plans for what would be one of the largest tracts of affordable housing in the Bay Area to be ...



Apple Inc. On Path To Be A Trillion Dollar Company: Analyst

Apple could soon turn out to be the first $1 trillion company, according to the analyst firm FBR & Co. While talking on CNBC’s “Fast Money,” FBR analysts claimed that the iPhone company’s stock will outperform...



Déjà Vu Weather? No, It's a Recession!

New Seasonal Pattern?Yesterday Fed Governor Stanley Fischer proclaimed U.S. Economy Should Rebound After ‘Poor’ First Quarter. “There’s definitely a rebound on the way already, and we’ll see at what speed it proceeds,”...



India’s Central Bank Chief Okay With Fed Move Toward Higher Rates

WASHINGTON–India’s central bank chief signaled Thursday he’s at peace with Federal Reserve rate increases when they arrive, despite past misgivings. “I don’t think we expect the Fed to remain on hold forever,” Reserve...



Top 16 Fastest Cars Under $25,000

Source: Ford If you’re willing to spend over $50,000 on a high-octane performance car, you’re pretty well catered to. Even around $40,000, there’s no shortage of fun, tossable cars to choose from. But as you come down the ladder,...



Don't expect to buy an Apple Watch in-store until June

Good news: If you preordered an Apple Watch on April 10 and saw an April 24-May 8 estimated shipping date, you might actually get a Watch on the 24th. Bad news: If you holding off on preordering a Watch until you could buy one in-store, you’ll...



Saudi Stock Market to Open to Foreign Investors in June

Saudi Arabia said it would open its stock market to direct foreign investment on June 15, a move that will give qualified international investors access for the first time to the Middle East’s largest...



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NYT MONDAY: Crash tests cherished notions in Germany...

NYT MONDAY: Crash tests cherished notions in Germany...(Second column, 5th story, link)Related stories:Crash pilot was psychiatric patient, planned big gesture...'Heinous act that will be remembered forever'...'Everyone will know my...



Buffett's Heinz to merge with Kraft

The deal is financed by a $10 billion investment from private equity firm 3G Capital and Warren Buffett's Berkshire...



El-Erian: 8 Takeaways From March Jobs Report

Here are eight quick things to know about the jobs report released today, via Allianz global economic advisor Mohamed...



The Fed has basically infiltrated Wall Street board meetings

After the financial crisis, U.S. regulators faced criticism for not adequately supervising Wall Street management and started to boost their oversight. Now, they're keeping an eye on the banks' board members, too. The Fed and the OCC have...



Yellen, Normalizing Monetary Policy: Prospects and Perspectives

Speech at the Federal Reserve Bank of San Francisco, San Francisco,...



Citadel Closing Apogee Dark Pool

Citadel Securities is preparing to close its Apogee dark pool, both The Wall Street Journal and New York Times is reporting. The Apogee dark pool is one of two the Chicago-based asset manager operates. Citadel Connect is the better known of the two...



American Apparel (APP) CEO Dov Charney Is Back, Back Again…

American Apparel CEO Dov Is Back, Back Again… by Todd Sullivan ValuePlays This reminds me of the chorus in  Eminem’s “Guess Who’s Back” : Guess who’s back, back again Shady’s back, tell a friend Guess...



Europe’s Antitrust Chief Confirms Google Shopping Objections, Launches Formal Android Probe

 As widely expected, Europe’s antitrust chief, Competition Commissioner Margrethe Vestager, has issued a formal Statement of Objections (SO) regarding the operation of Google’s shopping search comparison service —...



America reacts to Hillary Clinton's 2016 presidential campaign launch

Hillary Clinton announced her 2016 presidential bid on Sunday, and while it was no surprise, her campaign launch captivated every corner of America. Following a reported delay in her highly anticipated announcement, Clinton's official campaign...



Intel could strengthen its server product stack with Altera

Intel’s chips dominate servers in data centers, but the possible acquisition of Altera could help the company provide a wider variety of custom chips designed to speed up specific applications, analysts said on Friday.Intel is in talks to...



Ben Bernanke Will Work With Citadel, a Hedge Fund, as an Adviser

The move by the former Federal Reserve chairman is the latest by a Washington insider through the revolving door into the financial...



U.S. Growth Seen Slower Amid Dollar Headwinds

Most economists see a stronger dollar as among the headwinds slowing first-quarter growth, according to a WSJ survey of...



LightSquared’s Restructuring Plan Gets Nod From Judge

LightSquared secured a judge’s approval on Thursday for its restructuring plan, an elusive milestone for Philip Falcone’s ambitious wireless venture that went bankrupt nearly three years ago. The approved plan was the latest in at least a...



Is Finland’s Economy Suffering From Secular Stagnation?

“After the Great Depression, secular stagnation turned out to be a figment of economists’ imaginations……it is still too soon to tell if this will also be the case after the Great Recession. However, the risks of...



Housing Market Sees Hopeful Signs of Spring

The spring home-selling season is off to a promising start in Jacksonville, Fla., sparking optimism here and in other cities that the market has finally gained momentum after a slow recovery and last year’s...