1. borcsok:

    The least engaged workers are the most productive via 247interesting 

    (via Working hours: Get a life | The Economist)

    Talk about your personal Law of Diminishing Returns…

     

  2. 50% I’m surprised that many got the Syria Question right…

    Via drhiphop:

    What the Public Knows - In Pictures, Maps, Graphs and Symbols

    from Pew Research

    The latest update of the Pew Research Center’s regular News IQ quiz uses a set of…

    View Post

     

  3. Wall Street analyst and Economics professor Michael Hudson says public sector debt and deficits are not the real problem

    Source: Real News

     


  4. Tax cuts do not pay for themselves Economic Policy Institute Laffer Curve Myth graphic from the provocation blog Baye Kambui Tumblr Mental Unrest

    I covered the myth about tax cuts paying for themselves a few weeks ago, but the Economic Policy Institute provided additional myth-snuffing support recently – something you can never call excessive in an election year…

    song currently stuck in my head: “involuntary bliss” - eddie henderson

     


  5. No, there was no chance of that. How one could think you could go back and get a second bite of that apple is surreal.
    — 

    Economist James Galbraith on President Obama’s inadequate stimulus plan and the the thought that Number 44 could go to Congress a second time to get the additional stimulus loot beyond the USD 787 billion already approved by the legislative body. There was an interesting point made about how the absence of a Cold War provides US policymakers with less motivation to spend money that would result in social improvements. Not sure I completely buy that viewpoint since social development has been highly uneven in America for many years prior. Look at segregation, for example.

    Source: Economist’s View blog

    (Source: nachdenkseiten.de)

     

  6. I realize this is not a quick hit and perhaps I should stop messing around and launch that other blog outside of Tumblr to hold this kind of stuff, but hearing a Milken Institute discussion about the future of capitalism is a good use of your time.

    Assembled:

    • Niall Ferguson, Laurence A. Tisch Professor of History, Harvard University; Senior Fellow, Hoover Institution
    • Ana Palacio, Member, Spanish Council of State; former Minister of Foreign Affairs, Spain
    • Peter Passell, Senior Fellow, Milken Institute; Editor, The Milken Institute Review
    • Raghuram Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, University of Chicago Booth School of Business

    The moderator is James McCaughan, CEO of Principal Global Investors.

    Source: Economist’s View

    (Source: youtube.com)

     


  7. OECD Insights Blog Kambui Mental Unrest

    I dig the OECD Insights blog. In addition to generating fact-based policy content in a world where politicians beg you to check your brain at the entrance and [en]trust your gut to your favorite political party, OECD Insights big-ups International Women’s Day and the need for improving financial literacy in women. Crazy cool.

    More women in the Western world are generating loot for their households, which makes financial literacy among women critical to a country’s economic stability, in addition to being the fair thing to do.

    Read today’s OECD’s blog post, Tackling Gender Differences in Financial Literacy, and be sure to visit the International Women’s Day site

    song currently stuck in my head: “infinite possibilities” – amel larrieux

    International Women's Day Kambui

     

  8. Draw your own conclusions.

    I picked up the graphic from Economix, but you can read the source document from Pew Research

    song currently stuck in my head: “space walk” - don rendell

     

  9. Is President Obama finally serious about going after the Bankstas? University of Missouri-Kansas City Economics and law professor William Black offers his viewpoint. You may remember Black’s book, The Best Way to Rob a Bank is a Own One

     


  10. The Emory University research makes me think we all need to live in Rat World to get universal health insurance coverage without the shotgun-toting opponents. Read on

    Assuming the research is true, what makes humans act like jerks? I have a few ideas…

    song currently stuck in my head: “jump through the window” - roy eldridge

     

  11. Via californiaafrican:

    verbalresistance:

    America’s homeless resort to tent cities

    Panorama’s Hilary Andersson comes face to face with the reality of poverty in America and finds that, for some, the last resort has become life in a tented encampment.

    Just off the side of a motorway on the fringes of the picturesque town of Ann Arbor, Michigan, a mismatched collection of 30 tents tucked in the woods has become home - home to those who are either unemployed, or whose wages are so low that they can no longer afford to pay rent.

    Conditions are unhygienic. There are no toilets and electricity is only available in the one communal tent where the campers huddle around a wood stove for warmth in the heart of winter.

    Ice weighs down the roofs of tents, and rain regularly drips onto the sleeping campers’ faces.

    Tent cities have sprung up in and around at least 55 American cities - they represent the bleak reality of America’s poverty crisis

    According to census data, 47 million Americans now live below the poverty line - the most in half a century - fuelled by several years of high unemployment.

    One of the largest tented camps is in Florida and is now home to around 300 people. Others have sprung up in New Jersey and Portland.

    In the Ann Arbor camp, Alana Gehringer, 23, has had a hacking cough for the last four months.

    The black mould - it was on our pillows, it was on our blankets, we were literally rubbing our faces in it sleeping every night,” she said of wintering in a tent …

    See Documentary Above / Read More: BBC News

    My country.

     

  12. Yes, this video has Fox News analyst Charles Payne saying that the poor get gout so they must be living a good life. His quote REALLY deserves a dismissive “Charles Payne looks like he has gout” response but this is an election year…

    Go to McDonald’s with a dollar in your hand and ask the folks behind the counter what you can buy with it. You’d be surprised. Eat their “dollar items” often enough and you could end up with gout. We’ve learned a lot about food and health since the 1920’s, folks.

    One more thing - read this Columbia University study on the correlation between poverty and death…

    song currently stuck in my head: “primitive ohio” – rahsaan roland kirk

     

  13. My opinion about how we should handle Wall Street has never been a secret: we need a thorough criminal investigation of the systemic lending, securitization and trading practices of financial institutions and the correlation of these practices to the 2008 market crash.

    Until now, the Obama administration appeared unwilling to go after the Bankstas. This is why the administration’s appointment of New York Attorney General Eric Schneiderman – a vocal proponent for the kind of investigation I’m talking about – to lead the administration’s newly-formed mortgage crisis unit confuses me. Either the Administration is finally summoning the ghost of Ferdinand Pecora, whose picture I added above for good luck, or the administration finally got to Schneiderman. The latter would suck. Hard. Economist Simon Johnson appears hopeful in his Baseline Scenario post yesterday. We will see…

    song currently stuck in my head: “mystic brew”- ronnie foster

     

  14. This is the Downtown New York City park where the local government felt compelled to evict Occupy Wall Street protesters – for the benefit and safety of “The Public,” of course. This picture was taken today during The Public’s typical lunch hour. The Public appears to be predominately absent from the park…save for police officers, private security guards hired to watch the park 24 hours a day, and a handful of Ground Zero construction workers who clearly view eating in the park a massive upgrade from eating on nearby building stoops.

    Something tells me those rows and rows of police barricades – designed to protect The Public or to contain the protesters, where none of the latter appeared to be in the park when this picture was taken – have intimidated The Public from entering the park and enjoying it. The Public probably had a hard time figuring out how to enter the park amidst the law enforcement structures. Kinda ironic that the barricades clogging the sidewalks pose a safety risk.

    The price of The Public enjoying personal freedom appears to be lots of barricades.

    Let that thought seep in…

    song currently stuck in my head: “stockyard blues” - floyd jones