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Tag Archives: Data Source

Democratic elites don’t seem to care much about equality (sentences to ponder)

Yes, the set up is important, but let’s cut to the chase: The experimental behaviors of these three subject classes—once again, making real allocations with real money—revealed stark differences between attitudes toward economic justice among ordinary Americans and among the elite. To begin with, the Berkeley and Yale subjects were twice as likely to be selfish as their compatriots in general. In this respect, intermediate and extreme elites stand together with each other, and stand...

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Bloomberg’s take on Chinese data problems

You can read it here (pdf), via Tom Orlik, here is the excerpt which most strongly confirms my prior point of view: The Caixin services PMI is barely in expansionary territory. A new index of restaurant revenue from Union-Pay Advisors contracted 7.9 percent year on year in August – a drop that reflects more than belt tightening by bureaucrats. I should note that the overall stance of the piece is more nuanced than that single excerpt would indicate.

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Jeremy Corbyn on Twitter

Thanks Hugo Chavez for showing that the poor matter and wealth can be shared. He made massive contributions to Venezuela & a very wide world link here, from 2013, and I believe that homeo-meds works for some ppl and that it compliments ‘convential’ meds. they both come from organic matter… link here, from 2010.  The spelling and grammar could be improved, too. The pointers are from Marc Andreessen.

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Ten years after enrollment

At Bennington College in Vermont, over 48 percent of former students were earning less than $25,000 per year. A quarter were earning less than $10,600 per year. At Bard College in Annandale-on-Hudson, the median annual earnings were only $35,700. Results at the University of New Mexico were almost exactly the same. There is more here from Kevin Carey.  There is the well-known debate between human capital and signaling theories, but sometimes education is neither…

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Top scientists are more artistic

The average scientist is not statistically more likely than a member of the general public to have an artistic or crafty hobby. But members of the National Academy of Sciences and the Royal Society — elite societies of scientists, membership in which is based on professional accomplishments and discoveries — are 1.7 and 1.9 times more likely to have an artistic or crafty hobby than the average scientist is. And Nobel prize winning scientists are 2.85 times more likely than the...

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Does legalizing immigrants reduce their lawbreaking?

I reproduce this verbatim from Angus: Cool study forthcoming in AEJ Applied about how legal immigration status reduced recidivism of foreign prisoners in the EU. Here’s a link to an un-gated version of the paper. Here’s the abstract: We exploit exogenous variation in legal status following the January 2007 European Union enlargement to estimate its effect on immigrant crime. We difference out unobserved time-varying factors by i) comparing recidivism rates of immigrants from the “new” and...

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United States fact of the day

Nationals of Burma, Bhutan, and Iraq accounted for more than 70 percent of refugee arrivals to the United States in 2012. In recent years, Burmese have made up the largest share of refugees resettled in the United States. The link is here, in 2012 more than 87,000 people were granted asylum status in the United States, here is further data on the process and who exactly is let in. And we cannot manage 20,000 plus Syrians today?  I do not see that we are having major problems from those...

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Why am I not seeing anyone back out the implied growth rate from these numbers?

The 13.8% decline in imports was significantly worse than consensus expectations for an 8.2% decline, and will only add to concerns over declining Chinese demand. Under what required assumptions would this translate into a growth rate of say four percent?  Backward-looking?  Forward-looking?  Or is this just a slow structural shift as the Chinese economy gradually moves into services?  Inquiring minds wish to know. The full report is here.

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