WHILE Congress was gridlocked it was easy to forget how ugly the smooth functioning of government can be. After a delay of two years, a reminder came on February 4th when the Senate passed the farm bill, a strange piece of legislation which costs nearly a trillion dollars. It mixes benefits that mostly go to the poor (food stamps) with agricultural subsidies that mostly go to the rich (crop subsidies for large farms). Given a blank slate, nobody with an interest in either alleviating poverty or improving farming would construct such a law. Yet here it is again. The alignment of rural and urban interests, which dates from when the two bits of legislation were yoked together in the 1970s, had temporarily broken down, largely thanks to some House Republicans who wished to treat food stamps (which account for 80% of farm-bill spending) and agricultural subsidies separately. The farm bill: A trillion in the trough
CBO: Obamacare Is A Tax On Work, May Cut Full-Time Workforce By 2.5 Million
By Rachel Goldfarb, originally published on Next New Deal Click here to receive the Daily Digest via email. The 25 Best Progressive Victories of 2013 (HuffPo) Economics Daily Digest: Progressives have a lot to celebrate and fight for
US economy grew at surprise 2.8% rate in 3rd quarter
US economy grew at surprise 2.8% rate in 3rd quarter
Market Awaits 'Unprecedented' Reforms In China
Emerging economies: The Great Deceleration WHEN a champion sprinter falls short of his best speeds, it takes a while to determine whether he is temporarily on poor form or has permanently lost his edge. The same is true with emerging markets, the world economy’s 21st-century sprinters. After a decade of surging growth, in which they led a global boom and then helped pull the world economy forwards in the face of the financial crisis, the emerging giants have slowed sharply. China will be lucky if it manages to hit its official target of 7.5% growth in 2013, a far cry from the double-digit rates that the country had come to expect in the 2000s. Growth in India (around 5%), Brazil and Russia (around 2.5%) is barely half what it was at the height of the boom.
America’s public finances: The Unsteady States of America
λόγος "Logic might be imagined to exist independent of writing - syllogisms can be spoken as well as written - but it did not. Speech is too fleeting to allow for analysis. Logic descended from the written word, in Greece, as well as India and China, where it developed independently. Logic turns the act of abstraction into a tool for determining what is true and what is false: truth can be discovered in words alone, apart from concrete experience. Logic takes its form in chains: sequences whose members connect one to another. Conclusions follow from premises.
Sometimes, a simple, eight-word headline can say quite a bit: “Fed Chief Calls Congress Biggest Obstacle to Growth.” The Federal Reserve’s chairman, Ben S. Bernanke, said Wednesday that Congress is the largest obstacle to faster economic growth, and he warned that upcoming decisions about fiscal policy could once again undermine the nation’s recovery.“The economic recovery has continued at a moderate pace in recent quarters despite the strong headwinds created by federal fiscal policy,” Mr. Bernanke said in the opening line of his prepared remarks to a Congressional committee.Moreover, he said, Congress could make things worse later this year. “The risks remain that tight federal fiscal policy will restrain economic growth over the next few quarters by more than we currently expect, or that the debate concerning other fiscal policy issues, such as the status of the debt ceiling, will evolve in a way that could hamper the recovery,” he said. The biggest obstacle to a stronger economic recovery
This is an article about the difficulties of doing ethnography in relatively enclosed and secretive communities, based on my experience of trying to launch an ethnographic study of Hollywood. I consider (separately) the problems of doing participant observation in ‘inside’ locations, and the problems of gaining access to industry insiders for interviews. In response to the problem of doing participant observation, I propose the practice of what I call ‘interface ethnography’, attending events in which the closed institution presents itself to ‘the public’. In response to the problem of gaining access to insiders for interviews, I discuss the important role of the interviewee’s ‘interest’, whether practical or intellectual, in the project. © The Author(s) 2010 Access: Reflections on studying up in Hollywood
Formal Broadband Plans Spur Economic and Social Development Two Asian nations – Korea and Singapore — have managed to leapfrog multiple stages of economic development and have transformed into economic miracles. This comes as no accident, in part, because both have taken a planned approach to technological development, starting with national broadband plans, which has led to increased broadband adoption, and successive waves of economic growth. A new report by the UN Broadband Commission and Cisco shows that Korea and Singapore are the most notable examples of a statistically significant trend -- Countries that embrace national broadband plans have increased broadband adoption.
Canuckish : The efficiency of private Twitter Jeff van Geete @ Canuckish 5h The efficiency of private competition. "I'm not backing up - you back up!" # Economics # Markets # ItsAMetaphor pic.twitter.com/6tfYPKuoxr 9:14 AM - 3 Jul 13 from Denver, CO Flagged (learn more)
News Republic The Independent Friday, June 28, 2013 9:18 AM GMT Britain’s roads are the safest they have ever been - for everyone except cyclists. According to government statistics, road casualties have dropped to 1,754 a year - the lowest since records began in 1926. By comparison, deaths and injuries among cyclists rose sharply.
Labor's Fair Share It has been ~22 years since the Cold War... QEs A Problem Solely for Youth... Untidy 'NEETS' Recession & Depression: what's the difference? Not inEmploymentEducation orTraining NEETs are generally thought of as being in the 15-24 y/o age range. However, "wage penalties of 20% lasting for around 20 years is common." International Labor Markets: All Tree, No Forest by Jeff Van Geete on Prezi
Gangster Bankers: Too Big to Jail | Politics News
This video is currently unavailable. Sorry, this video is not available on this device. Video player is too small. Watch Later as __user_name__ Sal Khan @ MIT
Starship Citizens Guns end a lot more conversations than they start, which means they're probably not an ingredient for cohesive societies. Moreover, how can these weapons be the sole protection of 'inalienable' human rights, given by God, when they were only invented 600 years ago? Were my rights not sovereign prior to the 14th century - are these definitions not given by institutions of law, and therefore in no way 'inalienable'? That which is given can be taken away!
How Nations Succeed: What's the Secret to Ending Poverty? This video is currently unavailable. Sorry, this video is not available on this device. Video player is too small. Watch Later as __user_name__
Austerity's Spreadsheet Error - The Colbert Report - 2013-23-04
Austerity's Spreadsheet Error - Thomas Herndon - The Colbert Report - 2013-23-04
Reinhart, Rogoff Backing Furiously Away From Austerity Movement Under steady attack after their seminal research was found to be riddled with errors, Harvard economists Carmen Reinhart and Kenneth Rogoff are making a show of backing away from the austerity that their research encouraged. They claim that their views on austerity have never changed, but the record tells a different story. They're still trying to have it both ways -- advocating for government belt-tightening while trying to avoid being seen as political.
International Labor Markets: All Tree, No Forest by Jeff Van Geete on Prezi
Reinhart, Rogoff Admit Excel Mistake, Rebut Other Critiques - Real Time Economics
Grad Student Who Shook Global Austerity Movement
The Twitter Underground Economy: A Blooming Business | The Barracuda Labs Internet Security Blog
The World Bank
Economic Research & Data
The Third Industrial Revolution: How Lateral Power Is Transforming Energy, the Economy, and the World (9780230115217): Jeremy Rifkin
Browse by Category, Concise Encyclopedia of Economics
Budget and Economic Outlook: Fiscal Years 2011 to 2021
United States federal budget
Report of the World Commission on Environment and Development: Our Common Future - A/42/427 Annex - UN Documents: Gathering a body of global agreements
U.S. Falls In World Education Rankings, Rated 'Average'
About Freakonomics: The Movie
Protect IP Act Senate whip count - OpenCongress Wiki
Global Financial Crisis: A World in Debt
Financial & Economic Infographics - VisualEconomics.com
UEMOA: West African Econ. & Monetary Union
econ blogs i follow
The Economy and the Economics of Everyday Life - Economix Blog
Economics and Politics by Paul Krugman - The Conscience of a Liberal
The Atlas of Economic Complexity
Poverty and Financial Distress Would Have Been Substantially Worse in 2010 Without Government Action, New Census Data Show
The Big Picture
Behavioural Economics Applied