Saturday, February 18, 2012

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Look at your phone then look at this advertisement for a cell phone from 1989...My how things have changed!

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Shop Online and Save a Barrel of Oil...E-Commerce helps solve Climate Change--The Unseen (positive) effects of Creative Destruction...

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Shopping on the internet is still in its infant stages but it appears it has a disproportionate negative effect on some business/industries ...
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Nice, short video of David Lee Roth (Van Halen) explaining why the band demanded M&M's for each concert but the brown ones had to be taken out. Selfish rock star or brilliant businessman? Hmmm....

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A couple of things of interest here (besides how he is dressed). David Lee Roth, former front man for Van Halen, explains why in their liv...

Profiles of 11 Long Term Unemployed People---How do we solve this problem?

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We JUST talked about this in class yesterday. The ranks of those classified as Long Term Unemployed are growing.   How do we begin solving t...
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Tuesday, February 14, 2012

Why does a Salad cost more than a Big Mac? I am glad you asked---the answer within...

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Here is an excellent example of how subsidies can distort markets. Subsidies tend to (1) lower the cost of production, hence more supply of ...
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"Show me the Spending!" Nice interactive illustrating the requested spending in the Presidents latest budget proposal

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(HT: David Mayer for the link) The NYTIMES has a terrific interactive breakdown of the spending side of  Presidents budget proposal for F...
Monday, February 13, 2012

If you buy roses to give tomorrow don't talk to them. They won't understand a word you say anyway...See here why...

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  If you receive roses for Valentines Day and believe talking to them will extend their shelf life then you will have to learn Spanish. N...

Need a graphic for a Valentines Day sentiment for that person who just LOVES economics? Check out these graphs---Love is in the air (and in equilibrium too!)

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Nice graph showing the historical relationship between wages and productivity and 3 reasons why wages are/may be stagnating

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Historically, worker wages have been closely tied to worker productivity--the more you (on average) produce, the more you earn (on average)....

Nice Infographic an how promotions in corporations are REALLY earned. Cognitive Dissonance rules the day...

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These are the results of a survey of executives who inevitably make promotion decisions within a corporation.  While favoritism does not nec...
Thursday, February 9, 2012

Greece seems to have a negative Keynesian Multiplier...This will not end well for them...See chart here

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Source: Spegiel via Chartporn Greece has borrowed a considerable sum of money (relative to their National Income (GDP)) but their output ...
Monday, February 6, 2012

Map of Meth Labs in the US. Before looking, which State do you think has the MOST meth labs (by a BIG margin)?

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Dept of Justice via Megan McCardle That would be Missouri by quite a margin... Go HERE to see a series of maps just like these dating...
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Sunday, February 5, 2012

Anthropologists usually study great societies from the past. Isn't this ironic?

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This morning there is an article in the NYTIMES about the recruitment of International students to the University of Washington (the State...
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