Saturday, February 19, 2011

Baby Gorilla taking first steps...No, no connection to economics in any way... ;)

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In one photo we can see the "problem" in manufacturing in the US...Output is up but employment is down in that sector...

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This is a photo that accompanies an article about a Hyundai plant in Alabama.  In the battle for the "soul" of manufacturing, it...
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No serious budget cutting will take place unless entitlement programs are put on the table...No wait, entitlement programs ARE the table!

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The Economist   Add together Medicare, Medicaid, Social Security and Net Interest and you see our problem.   
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Do as I say, not as I do...A lesson in irony from our Secretary of State.

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More information  here on the incident. ""As Secretary of State Hillary Clinton spoke in Washington, D.C., on Tuesday about the ...

Nice graph showing decling sales in the music industry AND a lesson in Creative Destruction. A two-fer for a Saturday morning

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When I teach Joseph Schumpeter's version of " Creative Destruction ", I use the evolution of the technology we use to listen t...
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Friday, February 18, 2011

Cost of College Textbooks...need I say more...Nice graph on the rising cost of them relative to everything else

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Most of my students who take and pass (about 70-75 out of 100) the AP Macroeconomics and Micoreconomics test NEVER even open the college tex...
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Thursday, February 17, 2011

Population Pyramids of several countrys in the Middle East---Were these uprisings predictable and inevitable?

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Click on image to make larger.. A perponderance of young people coming of age in several authoritarian countries/societies is going change t...
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Tuesday, February 15, 2011

Egypt just deposed a leader...BUT will they be able to depose the REAL LEADERS in Egypt (oh, you thought they got the main guy, did ya'...)

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Their authoritian leader has stepped down and the military has taken charge, but will anything really change?  He, or who, controls the nati...
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Good news...You DON'T have to eat your veggies! Why? Because there aren't any...

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Well, there are veggies, but a shortage is developing because of bad weather in the last few weeks in several Southern states.  Get ready to...
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Rising Food Prices Disproportionately hurt the extreme poor---44 million plunged into bordline subsistence level existence...

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Of the remedies suggested, the easiest place to start would be Ethanol---just sayin'... Food Price Watch--World Bank ""Glo...
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World's top 5 economies: Most Americans already think China is No. 1

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World's top 5 economies: Most Americans already think China is No. 1 ""It's official. On Feb. 14, China was recognized a...
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Monday, February 14, 2011

This sports complex in the UK gives new meaning to the term "Dead Heat"...Yikes!

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The borough of Redditch in the UK estimates it can save $23,000 per year by heating a community sports complex with excess heat from a near-...
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London Coffee Shop has higher prices for drinks to go than to drink on premise (see photo). Why is this so? Anyone have an answer

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Why do you suppose this Coffee Shop in London prices the drinks where is cost MORE to get a drink to go than to drink it in the shop?  I hon...
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Sunday, February 13, 2011

Prison Economics: Money can be whatever Prisoners say it is---who am I to disagree!

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Prison Economics: How Fish and Coffee Become Cash ""Nothing makes you more powerful inside the joint than a strong grounding in ...
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The Price of Labor is less than the Price of Capital...Nothing can go wrong in this picture...

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 Workers checked electric wires above an intercity high-speed railway in China's Jiangxi Province. NYTIMES photo 
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