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The Thirteenth Amendment forbade slavery and involuntary servitude, “except as punishment for crime whereof the party shall have been duly convicted.” Crops stretch to the horizon. Black bodies pepper the landscape, hunched over as they work the fields. To the untrained eye, the scenes in Angola for Life: Rehabilitation and Reform Inside the Louisiana State Penitentiary, an Atlantic documentary filmed on an old Southern slave-plantation-turned-prison, could have been shot 150 years ago. The film tells two overlapping stories: One is of accomplishment against incredible odds, of a man who stepped into the most violent maximum-security prison in the nation and gave the men there—discarded and damned—what society didn’t: hope, education, and a moral compass.
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Khan Academy
Economix Blog - The Economy and the Economics of Everyday Life
Economics and Politics by Paul Krugman - The Conscience of a Liberal
Street Sweep - Fortune Finance: Hedge Funds, Markets, Mergers & Acquisitions, Private Equity, Venture Capital, Wall Street, Washington
Apparently Bernie Madoff wasn't the only bad apple at Nasdaq. In the latest shining moment for the U.S. stock exchanges, the Securities and Exchange Commission on Thursday charged Donald Johnson, a former Nasdaq managing director, with ripping off investors to the tune of $755,000 by insider trading ahead of the release of corporate press releases. Johnson, you will be impressed to learn, was in charge through October 2009 of the Nasdaq's "market intelligence" desk, which is surely a misnomer but seems in any case to have afforded him with a lot of info he used to trade profitably on outfits like United Therapeutics (UTHR). Fearless leader The SEC has come under heavy fire in recent years for its failure to nab Madoff, a three-term Nasdaq chairman in the 1990s, before he frittered away $20 billion in the biggest-ever Ponzi scheme. "This case is the insider trading version of the fox guarding the henhouse," said Robert Khuzami, director of the SEC's Division of Enforcement.
Greg Mankiw's Blog
Marginal Revolution
Going as far back as Andrew Weiss’s survey paper , there are various attempts to argue that the two theories make the same predictions about earnings and education. A randomly elevated individual will earn more money but is this from having learned more or from being pooled with a more productive set of peers? To explore this, let’s pursue the very good question asked by Bryan Caplan : Our story begins with a 22-year-old high school graduate with a B average. If he can fake a good interview (a big if, but let’s say), and if certification from recommenders is not important in the chosen sector (another big if), he may get a Harvard-quality job for his first placement. In most jobs they figure out your productivity within two or three months after training, if not sooner. Do not be tricked by those who serve up one-period examples to establish the empirical equivalence of signaling and human capital theories! Addendum : There is a less drastic scenario than the one outlined by Bryan.
Amazing Places To Experience Around The Globe (Part 1)
98 Flares Facebook 13 Twitter 15 Google+ 60 StumbleUpon 0 Pin It Share 10 10 98 Flares × Kayangan Lake, Coron islands, Palawan, Philippines Preachers Rock, Preikestolen, Norway Blue Caves – Zakynthos Island, Greece Skaftafeli – Iceland Golden Eye Hotel – St. Plitvice Lakes – Croatia Crystalline Turquoise Lake, Jiuzhaigou National Park, China Devetashkata Cave – Bulgaria Four Seasons Hotel - Bora Bora Ice skating on Paterswoldse Meer, a lake just South of the city of Groningen in the Netherlands. Marble Caves, Chile Chico, Chile YingXi Corridor of Stone Peaks, China The Gardens at Marqueyssac Ice Canyon – Greenland Coron Palawan, Philippines Capilano Suspension Bridge, Vancouver, British Columbia Awapuhi Trail Kauai, Hawaii Valley of the Ten Peaks, Moraine Lake, Alberta, Canada Multnomah Falls, Oregon Seljalandsfoss Waterfall on the South Coast of Iceland Petra – Jordan (at night) Madeira, Portugal Wineglass Bay, Freycinet National Park, Tasmania, Australia
