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Does It Pay to Be Optimistic?
Found on Freakonomics on Thu 9th Sep 10
According to a new working paper by Ron Kaniel, Cade Massey, and David T. Robinson (abstract here; PDF here), the answer is yes, at least if you're an MBA student looking for a job.
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Comment on No Really, We Did Have A Huge House Price Boom by Con
Found on Comments for The Irish Economy on Thu 9th Sep 10
Oops. That second table should be: IRELAND 197% DENMARK 154% NORWAY 137% GB 133% SPAIN 108% FRANCE 107% SWEDEN 104% AUSTRALIA 92% FINLAND 84% USA 70% CANADA 58% ITALY 53%
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Wednesday Reads
Found on The Big Picture on Wed 8th Sep 10
I am off to rush-a-homa, but before I do, some links for your reading pleasure: SEC Is Looking at ‘Quote Stuffing’ (WSJ)Rogoff: Why America Isn’t Working (Project Syndicate) Sweep economists off their throne (FT.com) Beware of Greeks Bearing
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China: 64.5-million Homes Register No Electricity Use?
Found on Paul Kedrosky's Infectious Greed on Wed 8th Sep 10
Eye-opening stuff from Andy Xie in his latest, this time using reported (and then denied) Chinese electrical data to suggest that things are fairly surreal in Chinese residential real estate:Measuring the size of the property bubble in China by reference to
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Mark Hurds Oracle Move: Analysts Weigh-in On Saga
Found on Business Pundit on Wed 8th Sep 10
The lawsuit filed yesterday seeking to stop former Hewlett-Packard chief Mark Hurd's move to Oracle, doesn't seem to be helping H-P shares too much Wednesday. The stock is down more than 3%.
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Pat Choate: Our Innovation Crisis & Patent Backlog
Found on The Big Picture on Wed 8th Sep 10
Source:Innovation Crisis: Job Creation Stalled by Patent Backlog, Says Pat Choate Stacy Curtin Yahoo tech Ticker Sep 08, 2010 09:41am http://finance.yahoo.com/tech-ticker/innovation-crisis–job-creation-stalled-by-patent-backlog-says-pat-choate-535400.html
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Are Criminal Animal-Abuse Charges Heading Toward N.C. Lab?
Found on TreeHugger on Wed 8th Sep 10
Animal law is hot, as weve discussed in past posts and stories. A new case of (not-for-the-squeamish) animal abuse in a lab uncovered by the People for the Ethical Treatment of Animals (PETA) stands to validate the trend.
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Government in the Mortgage Business, by Arnold Kling
Found on Kudlow's Money Politic$ on Wed 8th Sep 10
The New York Times reports, "This is subprime lending done right," said John Taylor, president of the National Community Reinvestment Coalition, an umbrella group for 600 community organizations, and a staunch critic of the lending industry. He is talking about
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Uncertainty and the Cyclical vs Structural Unemployment Debate
Found on Macroeconomic Resilience on Wed 8th Sep 10
There are two schools of thought on the primary cause of our current unemployment problem: Some claim that the unemployment is cyclical (low aggregate demand) whereas others think it’s structural (mismatch in the labour market). The “Structuralists”
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Economic Jolt: Job Openings and Labor Turnover July 2010
Found on Calculated Risk on Wed 8th Sep 10
Today, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job openings increased 7.33% since June and rose 33.09% above the level seen in July 2009, job hires increased
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