The 100-Mile Suit

In the film The Pursuit of Happyness (review here), there’s a scene where Will Smith’s character arrives late for an interview with a stock brokerage firm and has no shirt on. Continue Reading...

‘Reverse’ Subsidies

A couple weeks ago the NYT magazine ran a piece by contributing writer Tina Rosenberg, which attempts to outline some of the ways in which “everyone in a wealthy nation has become the beneficiary of the generous subsidies that poorer countries bestow upon rich ones.” What does she mean? Continue Reading...

Google Minds the Gaps in Statistical Analysis

Google recently announced that it has purchased the Trendalyzer software from Gapminder, a Swedish non-profit (HT: Slashdot). Trendalyzer is the brain-child of professor Hans Rosling, who was lecturing on international development “when it struck him that statistics were an underexploited resource, often presented in an incomprehensible fashion. Continue Reading...

NYT Editorial on Chávez: Necessary Not-So-Evil

The NYT editorializes today that Venezuelan president Hugo Chávez is, at worst perhaps, a necessary evil given the current political climate: “if it takes Mr. Chávez’s demagogy to spur Washington toward more enlightened policies in the Americas, so be it.” Oh yeah, and more US foreign aid to Latin America equals “social justice.” “Mr. Continue Reading...

Commerce and War: Poles Apart

Make trade, not war? In an excerpt from his new book “The Commercial Society,” Sam Gregg examines the long held view that nations engaged in trade are less likely to wage war. Continue Reading...

Economic Lessons in Your Morning Mug

A NYT editorial informs us today that retail prices for coffee products are rising (HT: Icarus Fallen). We are assured, however, that the price rise has been “relatively modest” and that an important factor is “changes in supply and demand in a global economy.” No kidding. Continue Reading...

Immigration and Innovation

From today’s WaPo: About 25 percent of the technology and engineering companies launched in the past decade had at least one foreign-born founder, according to a study released yesterday that throws new information into the debate over foreign workers who arrive in the United States on specialty visas. Continue Reading...

The Outsourced Knight

James Dyson, inventor of the world’s most exciting bagless vacuum cleaner, will receive a knighthood. Speaking of his company, the BBC reports: Today, the company has about 1,400 staff in the UK, with about 4,000 others working in production plants in Malaysia and China. Continue Reading...

Calderon is off to a Good Start

New President of Mexico Calderon spent yesterday at the US Mexican border greeting Mexicans returning home for Christmas. His message was two-fold. First, a pledge to create jobs in Mexico: “The generation of well-paid jobs is the only long-lasting solution to the migration problem,” Calderón said before greeting immigrants in cars packed with Christmas gifts. Continue Reading...

Costs of Aggressive Population Control

The children of the Chinese One-child policy are finding new obstacles in their paths: no one wants to hire them. Incredible, but true. It seems that many of the only children have been so pampered by their parents, that employers do not find them suitable workers. Continue Reading...