J. Bradford DeLong's Blog, page 2317
May 4, 2010
New York Times Loses More Mindshare This Morning
David Brooks writes:
The Limits of Policy: The average Asian-American in New Jersey lives an amazing 26 years longer and is 11 times more likely to have a graduate degree than the average American Indian in South Dakota...
As part of an argument that:
[M:]any Swedes immigrated to America... many Swedes decided to remain in Sweden... two groups with similar historical backgrounds living in entirely different political systems, and the poverty outcomes were the same. A...
May 3, 2010
Apple Stock Is Now Overvalued
With the cancellation of the HP Slate and the non-existence of the Microsoft Courier, there is now no possible way in which the future can bring good news for Apple Computer.
Fraser Speirs watches the Apple Train of Dreams leave the station:
Back In: Last year, I wrote a piece entitled "App Store: I'm Out", which got a little attention. As strange as it feels to be in a position where I have to explain myself, I thought I should write about why I'm again working on an iPhone OS product...
You Can Take My Last Two Lectures Away from Me When You Pry Them from My Cold, Dead Hands Department...
I am sorry. But having a final exam in a course on December 17 when the last lecture in the course was December 1?
That is simply not fair.
Fall 2010 Economics 1 Planning
I am highly, highly tempted to begin Econ 1 this fall with macroeconomics--with the "Great Recession" and the financial crisis that started in 2007...
It's strange, it's mysterious, it's on all of their minds. It should be a way to wake them up and make them interested.
Fall 2010 Econ 1 Schedule
Lectures: MW 12 @ Wheeler Auditorium
Sections: Various
M Aug 30: The Great Recession of 2008-2010
W Sep 1: Depression Economics
W Sep 8: Financial Crises and the Housing Bubble...
May 2, 2010
links for 2010-05-02
AO: "[T:]he two arbiters were within 1% on the cost of new coverage – stuff like Medicaid and CHIP expansion. CBO saw things slightly rosier than the Office of the Actuary. It also tells you that the actuarial office projected more cost savings and a lower net cost than the CBO did, but not by much. Howlers have said the Office of the Actuary proved Obamacare was more expensive than promised, but this table...
May 1, 2010
links for 2010-05-01
Mosk, Ross, and Schwartz: BP Fought Safety Measures at Deepwater Oil Rigs
MRW: "BP, the company that owned the Louisiana oil rig that exploded last week, spent years battling federal regulators over how many layers of safeguards would be needed to prevent a deepwater well from this type of accident. One area of immediate concern...
A Plea for Enlightenment...
Can somebody please tell me why people say that Nino Scalia is smart?
Vegacura:
Vegacura: Activist judge: I'm certain that Justice Scalia can point to the specific passage in the Constitution that lays out the "Founders' Intent" on this one.
Peter J. Eliasberg, a lawyer with the American Civil Liberties Union of Southern California, said many Jewish war veterans would not want to be honored by “the predominant symbol of Christianity,” one that “signifies that Jesus is the son...
Credit Derivatives as Weapons of Economic Mass Destruction...
Poorly-understood and badly-modeled financial derivatives turned out to be weapons of economic mass destruction. Jacob Weisberg draws an analogy between all the people (like him) who believed that Saddam Hussein's weapons of mass destruction existed in Iraq before 2003 and all the people (like him) who believed that credit derivative weapons of economic mass destruction did not exist before 2007.
Weisberg writes:
Robert Rubin is the wrong guy to blame for the financial crisis: The...
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