Wednesday, August 31, 2011

DOJ Blocks AT&T/T-Mobile Merger, Sprint celebrates

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After much speculation, the DOJ today decided to seek to block the AT&T/T-Mobile merger. This is bad news for AT&T. ...

How did we get from a US subprime to an international soverign fiscal crisis?

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This talk by Bill White , the chief economist at the Bank for International Settlements (the central bank for central bankers), is really ac...
Tuesday, August 30, 2011

America's top chef uses marginal analysis

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Alinea, which opened in 2005, was named the best restaurant in America by Gourmet Magazine in 2006. The restaurant's co-founder and hea...
13 comments:
Friday, August 26, 2011

Would you trade our income tax for a carbon tax?

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Instead of taxing something good (work), why not tax something bad (carbon) ? The province of British Columbia is celebrating  Canada Day  ...
3 comments:
Wednesday, August 24, 2011

Do food stamps stimulate the economy?

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Agriculture Secretary Tom Vilsack uses Keynesian economics to justify their use: "every dollar of benefits generates $1.84 in the econ...

QUIZ: why do hospitals and HMO's get better drug prices than drugstores?

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Economist Alan Sorensen has the answer : The superior bargaining clout of hospitals and HMOs relative to drugstores is attributable to the...

Capitalism defended

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Watch this short video by Jeffrey Miron HT:  Greg Mankiw
Tuesday, August 23, 2011

Is anyone listening?

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HT:  Carpe Diem

CONTEST LOSERS: design an effective ratings agency

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PROBLEM:  lousy ratings DIAGNOSIS OF PROBLEM 1.  WHO:  Ratings companies like Moody's offer favorable ratings 2.  INFO:  Ratings age...
2 comments:
Friday, August 19, 2011

CONTEST: design an effective ratings agency

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The primary conflict of interest at credit rating agencies is well known: The company is paid by the same issuers (banks and companies) whos...
13 comments: