Submitted by Econbrowser
How bad can things be with almost a 5% growth rate of the real economy?
The Commerce Department yesterday revised up its estimate of 2007:Q3 GDP. They now report that U.S. real GDP grew at a 4.9% annual rate during the quarter, up from the 3.9% figure in last month’s “advance” 2007:Q3 estimate. The […]

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Submitted by The Capital Spectator
For the naive alien only just arrived on planet Earth, yesterday’s GDP report might be considered a great triumph. Indeed, taking the numbers at face value, there’s reason to celebrate. Real annualized GDP for the U.S. surged by 4.9% in the third quarter, according to the revision dispatched yesterday by the […]

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Submitted by unsettling economics
In The Confiscation of American Prosperity, I looked at the correlation of poor corporate profitability with CEO’s low golf handicaps, as well as the use of corporate jets, and membership in far off country clubs.
Later, I learned of the relationship between CEO’s oversize mansions and negative corporate performance.
Liu, Crocker and David Yermack. […]

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Submitted by CARPE DIEM

NEW DELHI: General Motors Corp. opened its first design studio in India on Thursday, a move intended to support the U.S. automaker’s efforts to expand its presence in the country.
The studio in the southern Indian city of Bangalore, where GM already has a research and development center, will “contribute to the mid-cycle […]

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Submitted by CARPE DIEM
A mere 65,000 H-1B visas for foreign professionals are allocated in the U.S. each year. And this year, as in the previous four, the quota was exhausted almost as soon as the applications became available in April. This effectively means that more than half of all foreign nationals who earned advanced degrees […]

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Submitted by CARPE DIEM

Lying in Ponds is a website that tracks and ranks the Democratic and Republican biases of a selection of regular political columnists. The top graph above for 2007 shows that Paul Krugman is the most partisan liberal columnist and Ann Coulter is the most partisan conservative columnist.
Lying in Ponds tries to […]

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