Saturday, February 25, 2012

Abbott and Costello explain how we calculate the unemployment rate...

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The following is from the blog of Greg Mankiw . The humor that is calculating the unemployment rate in the US. Abbott and Costello explain ...
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A couple of sobering charts showing the change in world oil consumption since 1980. Not a "barrel" of laughs...

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A couple of sobering charts showing the change in world oil consumption since 1980.  The rise of Asia accounts for much of the overall net...

Nice graph showing gas prices from 1918 (yes, that's right) in nominal terms and adjusted for inflation. Quite interesting!!

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Here are 2 measures of gasoline prices dating from 1918. The black line is in nominal prices--just the price of a gallon of gas in a given y...
Friday, February 24, 2012

How Electric cars get their power---From the Kingdom of TINSTAAFL, of course...

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Source: Carpe Diem
Sunday, February 19, 2012

Law just passed by Congress taxes at 100% Unemployment Benefits collected by people with incomes over $750,000 ($1.5M for a couple). Read that again. Yes, millionaires collecting unemployment benefits IS a problem! See the data here...

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The following two graphics (source HERE)  show the amount of Unemployment compensation collected by millionaires from 2005 to 2009.  Really...
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Nice graph showing on a historical basis where tax dollars from all levels of government tend to flow. Guess first, then look at the graph...

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This graph from the NYTIMES shows, on a per person basis, where tax dollars at all levels of government have flowed since 1960.  Government...

Nice chart showing the effective tax rates of the Top 400 Taxpayers and a very brief explanation of how this came to be...

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From this chart, you can see the 400 taxpayers in the US (data from 2008) earn most of their income in what are called "Capital Gains...
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...
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