Friday, August 22, 2014

The rise of the robots! In the movies the heroes usually win that battle. How will the Labor Markets fair?

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A nice graphic from MIT Technology Review  on the rise in the use of robotics in manufacturing versus the change in manufacturing employm...
Thursday, August 21, 2014

Primer on how the Unemployment Rate is Calculated..

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If you are a student or teacher of economics here is a terrific primer on how the Dept of Labor's Bureau of Labor Statistics collects i...
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Economic vs Accounting Profit: Corn or Soybean? That is the question--answered here.

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Using data from the US Dept of Agriculture Economic Research Service (USDA-ERS) I made the following two charts (I am in the infant stages ...
Wednesday, August 20, 2014

One Million Deaths caused by these 3 things we take for granted everyday.

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Saw this link by way of Hans Rosling  and this passage made me pause: Burden of disease from inadequate water, sanitation and hygiene in ...
Monday, August 18, 2014

Here is the BEST answer to every job interview question---Economist-style.

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What happens when you ask someone with an excellent grasp of economics to be honest in a job interview ( SMBC ).   Made me laugh.  Th...
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Teaching (or learning) Interest Group Politics? You need this App!

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Ran into this site, SpendConsciously ,while trolling the Internet.  If you are teaching (or learning) about interest group politics this si...
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Saturday, August 16, 2014

Back to the Future: Russia threatens price controls in the face of Economic Sanctions. We know how this will work out.

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Predictable consequences are playing out in the economic sanctions world---with more to come:. Russians already hurt by Western food impor...
Friday, August 15, 2014

George Soros is "short selling" the US market. A quick Lesson on "Short Selling"

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There is an article in Business Insider today on Billionaire George Soros and how he is "short selling" a collection of stocks i...
Tuesday, August 12, 2014

Shark Week and the Market for Shark Tacos. Let's go to the graphs.

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Shark Week on T.V. has appartently increased the demand for Shark Meat in a variety of forms. NPR has a story on this : Discovery Channe...
Saturday, August 2, 2014

Population Pyramids for Israel and Palestine. Whoa to the policy-maker who ignores this!

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Demographics is seldom talked about when it comes to geopolitical issues but it is an important explicit and implicit variable that underlie...
Friday, August 1, 2014

It takes a nation to stockpile this much ethanol. No lie. It literally takes a nation. Find out which one here.

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US ethanol stocks soar to 16-month high: EIA US ethanol stocks rose 647,000 barrels to a 16-month high of 18.587 million barrels in the w...

Corn killed Bubba Gump Shrimp. "That's all I have to say about that". See how here.

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Source: Big Picture Agriculture Kay MacDonald over at Big Picture Agriculture has this graphic showing the "Dead Zone" in...
Thursday, July 31, 2014

World-wide Car sales from 1990 to Present. You are not going to believe these numbers.

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This chart amazed me. Note the years along the horizontal axis. The first two bars represent two DECADES worth of car sales worldwide.  The ...
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Friday, July 25, 2014

Something's fishy in Alaska in the canned salmon market. Let's go to the graphs.

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Another day, another easy pickin' economics lesson pulled from the headlines. "Alaska Governor asks the Federal Government to buy...

"I, Chocolate". Why is chocolate so cheap when SO MANY people have to get paid to get it to us?

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I cannot answer that question. No one can (we can only suppose).  It is part of the miracle that is markets operating in as free an environm...
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