http://news.myspace.com/business/economics The latest news brought to you by MySpace! Sat, 17 May 2008 06:07:37 GMT http://newscdn.myspace.com/web.2.14/content/springwidget/economics.xml http://news.myspace.com/business/economics/item/17483769 and the lack of WMD in Iraq, I like Bush's sense of history when he recently said this, quoted in Reuters: [h/t Ted Belman] "Some seem to believe we should negotiate with terrorists and radicals, as if some ingenious argument will persuade them they have been EclectEcon Sat, 17 May 2008 05:05:00 GMT http://news.myspace.com/business/economics/item/17483769 http://news.myspace.com/business/economics/item/17483219 Dan Hunter and I have a paper coming out in the Hastings Communications and Entertainment Law Journal, which economic and technical innovation is increasingly based on developments that don’t rely on economic incentive or public provision. Abstract: In the economy of the 21st century, Crooked Timber Sat, 17 May 2008 04:22:55 GMT http://news.myspace.com/business/economics/item/17483219 http://news.myspace.com/business/economics/item/17471119 From an interesting Wall Street Journal item: Bubbles emerge at times when investors profoundly disagree about the significance of a big economic development, such as the birth of the Internet. But compared with Mr. Minsky or another student of bubbles, EconLog Fri, 16 May 2008 18:32:56 GMT http://news.myspace.com/business/economics/item/17471119 http://news.myspace.com/business/economics/item/17475683 The reference caught my eye because just two days ago, I attended a mostly fascinating discussion here at Carnegie between senior associate Robert Kagan and Times columnist David Brooks on Kagan's new book The Return of History and the End of Dreams, whose FP Passport Fri, 16 May 2008 21:04:19 GMT http://news.myspace.com/business/economics/item/17475683 http://money.cnn.com/rssclick/2008/05/16/news/economy/stimulus_checks/index.htm?section=money_news_economy Week 3 of rebates: $13.5 billion sent out More than 15 million American households receive stimulus checks. The Treasury Department said Friday it sent out more than 15 million economic stimulus payments this week, totaling more than $13.5 billion, in an CNNMoney.com: Economic News Fri, 16 May 2008 21:14:27 GMT http://money.cnn.com/rssclick/2008/05/16/news/economy/stimulus_checks/index.htm?section=money_news_economy http://news.myspace.com/business/economics/item/17473843 The breakdown of Eight Belles in this year’s Kentucky Derby, just a few years after Barbaro’s broken leg in the Preakness, has a lot of people worried about the safety and welfare of thoroughbreds. The closest thing to official statistics I could Freakonomics: Blog Fri, 16 May 2008 20:25:03 GMT http://news.myspace.com/business/economics/item/17473843 http://news.myspace.com/business/economics/item/17476412 The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago boys including those pictured above (we claim no affiliation), and others who helped to liberalize Latin American economies. Today in my grocery basket was two large bags of Jolly Ranchers, a dozen Chicago Boyz Fri, 16 May 2008 22:20:50 GMT http://news.myspace.com/business/economics/item/17476412 http://news.myspace.com/business/economics/item/17477580 No Sympathy here ... Posted by: McQ on Friday, May 16, 2008 From AFP: Matthis Chiroux is the kind of young American US military recruiters love [or at least he fits the stereotype the MSM loves to perpetuate - ed.]. "I stand before you today with the strength and clarity and resolve to declare to QandO Fri, 16 May 2008 16:11:26 GMT http://news.myspace.com/business/economics/item/17477580 http://news.myspace.com/business/economics/item/17469301 One particularly interesting point is that while I docused primarily on bloggers as public intellectuals, it might be the case that bloggers serve an even greater good by engaging in quality control of other public intellectuals. In Public Intellectuals: A Daniel W. Drezner Fri, 16 May 2008 18:45:41 GMT http://news.myspace.com/business/economics/item/17469301 http://news.myspace.com/business/economics/item/17465079 Prof. Brams has written extensively about alternate forms of voting, including approval voting, where voters can approve of more than one candidate in a multicandidate race, and the candidate approved by the greatest proportion of the electorate wins. Prof. wsj.com: The Numbers Guy Fri, 16 May 2008 15:54:01 GMT http://news.myspace.com/business/economics/item/17465079 http://news.myspace.com/business/economics/item/17469337 How much California and Michigan are affecting the overall picture is a real eye-opener: (Note: The seasonally adjusted rate for all states differs from the nationally reported rate of 5.0% earlier this month because of differences in data collection methods.) BizzyBlog Fri, 16 May 2008 16:23:30 GMT http://news.myspace.com/business/economics/item/17469337 http://news.myspace.com/business/economics/item/17463740 A number of countries with high levels of inflation have this year suffered alarming slides in the value of their currencies against the dollar or euro. This may seem counterintuitive as high inflation erodes the buying power of the purchased currency, but it is the basis of the foreign exchange The Economist Fri, 16 May 2008 11:11:25 GMT http://news.myspace.com/business/economics/item/17463740 http://news.myspace.com/business/economics/item/17462162 The Post's dean of political analysts, David Broder, today unwittingly reveals two malignancies of politics ("The Price of Delay," May 11). Broder notes that dozens of Democratic Senators "desperately" want their party's primary race Cafe Hayek Fri, 16 May 2008 15:31:54 GMT http://news.myspace.com/business/economics/item/17462162 http://news.myspace.com/business/economics/item/17466703 It seems to me odd to fault the World Bank for advice some 15 years ago to eliminate import protection--so that domestic prices could come down at the time--while at the same time complaining about high prices now, even with the benefit of hindsight. If developing countries had all kept their Marginal Revolution Fri, 16 May 2008 16:33:29 GMT http://news.myspace.com/business/economics/item/17466703 http://news.myspace.com/business/economics/item/17467717 Like a lot of small-scale entrepreneurs, Cathy Osborne worries that she'll go out of business if fuel prices rise above $4 a gallon. The old mechanical gas pumps with scrolling dials at her country store in Fauquier County lack the gears to go beyond $3.99 a Greg Mankiw's Blog Fri, 16 May 2008 17:54:00 GMT http://news.myspace.com/business/economics/item/17467717 http://news.myspace.com/business/economics/item/17461726 From the Inquisitive Mind: The New Peak Oil: Peak Demand. An important reminder that the Marshallian scissors have two components - supply and demand. There is a limit to which the governments can subsidize petroleum products and like the developed economies higher fuel prices are likely to result About.com: Economics Fri, 16 May 2008 10:16:50 GMT http://news.myspace.com/business/economics/item/17461726 http://news.myspace.com/business/economics/item/17458815 Enforcement Litigation Staff asserts in its brief that voice recordings and trade data demonstrate that ETP manipulated wholesale natural gas markets in Texas during the period of December 2003 through December 2005 by: (1) orchestrating its financial and Knowledge Problem Fri, 16 May 2008 13:01:09 GMT http://news.myspace.com/business/economics/item/17458815 http://news.myspace.com/business/economics/item/17459433 Peggy Noonan writes in this morning's Wall Street Journal : The Republicans? They're frozen, not like a deer in the headlights but a deer in the darkness, his ears stiff at the sound. This would have left a painfully broken party, but they wouldn't be left with a ruined "brand," as they all say, The Conspiracy to Keep You Poor and Stupid Fri, 16 May 2008 13:09:00 GMT http://news.myspace.com/business/economics/item/17459433 http://news.myspace.com/business/economics/item/17482301 But I just read a couple titles that seem to go together: I really liked them both while feeling that both could be better. We have two somewhat hapless protagonists – characters to whom things happen, mostly, rather than characters who do things. The bald-headed kid who gets the football Crooked Timber Sat, 17 May 2008 03:48:53 GMT http://news.myspace.com/business/economics/item/17482301 http://news.myspace.com/business/economics/item/17452125 But below the radar of popular athletic culture is something that has profoundly shaped the lives of millions of Americans for the better: youth sports. A growing body of research is showing the social and economic benefits of participation in youth sports to be surprisingly large and The American Thu, 15 May 2008 21:33:39 GMT http://news.myspace.com/business/economics/item/17452125