Archive for March 26th, 2008
Posted in March 26th, 2008
Submitted by CARPE DIEM
Searchable database for economics textbooks, with retail prices and predicted publication date of next edition. Most Principles of Economics textbooks now sell for $150 to $175.
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Posted in March 26th, 2008
Submitted by CARPE DIEM
1. NEW DELHI–India, which added 8.53 million new mobile users in February, is set to become the second-largest wireless market in the world after China by April 2008. India had 251 million wireless users by the end of February, compared with 256 million in the U.S. and 540.5 million in China. By […]
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Posted in March 26th, 2008
Submitted by CARPE DIEM
Summary of Barack Obama’s Income Taxes, 2000 - 2006
According to Law Professor Paul Caron: What is surprising, given the recent controversy over Obama’s membership in the Trinity United Church of Christ, is how little the Obamas apparently gave to charity — well short of the biblical 10% tithe for all seven […]
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Posted in March 26th, 2008
Submitted by CARPE DIEM
Wall Street Journal–Because XM and Sirius are the nation’s only two satellite radio providers, the major concern is that a merger would create a monopoly able to raise prices willy-nilly. But Justice concluded, correctly, that “the evidence did not support defining a market limited to the two satellite radio firms that would […]
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Posted in March 26th, 2008
Submitted by CARPE DIEM
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Posted in March 26th, 2008
Submitted by CARPE DIEM
The chart above shows the National Association of Realtors’ Housing Affordability Index (HAI) from January 2007 to Feburary 2008 (last month estimated, actual data will be available on Thursday), based on the national median-priced home, median family income, and the 30-year fixed mortgage rate.
The HAI has gone from 103.6 in July 2007 […]
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Posted in March 26th, 2008
Submitted by The Capital Spectator
The Fed’s current monetary policy looks reckless only for those who see inflation bubbling. The same monetary policy looks prudent, even prophetic for those who see deflation as the dominant risk.
Our bias, for what it’s worth, leans toward inflation, as our posts over time suggest, such as this one. And we’re […]
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Posted in March 26th, 2008
Submitted by Econbrowser
Would you like anything else with that coffee, Ben?
Last week we received some new data linking commodity prices to the decisions of the U.S. Federal Reserve.
I have long argued that the broad increase in commodity prices over the last five years has primarily been driven by strong global demand. But I am equally […]
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Posted in March 26th, 2008
Submitted by Businomics Blog
Oregon Business Magazine profiled yours truly, with this really cool picture. You can read the story here.
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Posted in March 26th, 2008
Submitted by Businomics Blog
Jim Blasingame, the small business advocate, interviewed me for his radio show. We talked about how small business owners should manage in an economic downturn.
GUEST: William Conerly
TOPIC: A slow economy is no time to make mistakes. Bill Conerly talks with Jim Blasingame about some of the things to avoid during a downturn […]
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Posted in March 26th, 2008
Submitted by Businomics Blog
Over on Linked In, Sailaja Sivalenka asks a good question:
Recently, I have come across a few articles that state the reason behind the subprime crisis in USA to be the result of inaccurate credit scoring which could not sufficiently predict subprime default risk.
But, Dr. Makr Greene, CEO of Fair Isaac in his […]
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Posted in March 26th, 2008
Submitted by Businomics Blog
We are working off the excess housing inventory that we developed during the housing boom.
This decline came despite a drop in new home sales; even after the drop, though, sales were higher than new construction. (Keep in mind that the data have some significant deficiencies; take this as medium fidelity, not high […]
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Posted in March 26th, 2008
Submitted by A Dash of Insight
The pundits who have incorrectly predicted government actions in this time of economic stress next turn to their “Plan B” — criticizing the decision. Those who incorrectly forecast that “the Fed was in a box,” for example, turned next to complaining about the wisdom of the actual decisions. The pundit […]
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