Politics: Economics
drorzel | May 27, 2010
Confessions of a Community College Dean: Thoughts on DIY U
"Eleemosynary institutions have real and serious flaws, but they exist to empower the weak. They are necessary to empower the weak. If you rend them asunder, you will expose the weak to the predations of the strong. This is so fundamental that I'm surprised it even needs to be brought up. If it weren't scandalously unethical, I'd propose an experiment: take two sets of kids who barely got through a weak school district. Send one set to the local community college, and tell the other set it's free to educate itself under digital…
drorzel | January 31, 2010(I really loathe both the longstanding practice of marking a scandal by appending "-gate" to a name and the newer version "-fail." I don't have a better alternative, but I hate both of those. Somebody get to work on a better scandal signifier.)
So, the hot topic of the moment is the hissy-cow being thrown by Amazon and Macmillan over the pricing of e-books. A great many electrons have been expended in discussing this on the Internet, but Jim Henley's take is probably the one I like the best, and links to most of the others.
UPDATE: Jim's follow-up post today is even better. It attempts to use…
drorzel | January 27, 2010This Timothy Burke post on the current political moment deserves better than to be buried in the Links Dump. He's beginning to despair because it looks like "there are many things which could happen which would improve the lives of many Americans which are not going to happen and perhaps cannot happen."
Take health care, for example. I can read and parse and think about the proposed legislation that actually exists and see it without hyperbole, as an okay if scattered series of modest initiatives. Whatever. I think I have a fairly good handle on the underlying cultural and social…
drorzel | January 26, 2010Kevin Drum checks in with the latest from the class wars:
In the middle of a rant about healthcare reform and the compromise over the Cadillac tax, one of Andrew Sullivan's readers says this:
The idea that public employees make less than those in the private sector is a myth that needs to die. Most already have cadillac plans and in most places their salaries are ahead of private workers whose taxes go pay for their income. On top of that they get much better benefits and pensions, so to let them out of a tax that private industry workers will have to pay who work at the same income level is…
drorzel | January 18, 2010One of the less attractive features of the New York Times is its tendency to feature little profiles of horrible people. They're not presented that way, of course, but that's the effect-- I read these articles, and just want to slap everybody involved.
Today's story on marital tensions caused by environmental issues is a fine example of the form:
He bikes 12 1/2 miles to and from his job at a software company outside Santa Barbara, Calif. He recycles as much as possible and takes reusable bags to the grocery store.
Still, his girlfriend, Shelly Cobb, feels he has not gone far enough.
Ms. Cobb…
drorzel | January 14, 2010Regular readers will know that I have a bit of a Thing about bad graphs used in the media and on blogs. When people use stupid presentation tricks to exaggerate features of data to make their argument look stronger, it bugs me. But what really irks me is when people use stupid presentation tricks to trample their own arguments.
Today's exhibit for the prosecution is this graph by Mike Konczal via Kevin Drum comparing median wages to household debt over the last thirty years:
The blue line is debt, the reddish one income (adjusted for inflation, I believe). Both data sets are normalized so…
drorzel | December 21, 2009Janet has a typically thoughtful post about tuition benefits, following on a proposal to eliminate tuition benefits for employees of the University of Illinois. Janet does a great job of rounding up the various pros and cons of the benefit and its possible elimination.
It takes no time at all for the "Tuition benefits are unfair to people without kids" argument to pop up in comments. This is, as always, pretty stupid, because the same logic leads to thinking that health insurance benefits are unfair to people who don't become catastrophically ill. Tuition benefits are basically kid insurance…
drorzel | December 18, 2009I've been dimly aware that physics in the UK was being hit hard by a financial crisis for a while now. It seemed to be a bit deeper than what people in other countries complain about, but I hadn't given it much thought until I read this Physics World story on the latest cuts, which includes the following explanation:
The origin of the cuts can be traced back to December 2007 when the STFC announced that it had an £80m budget deficit for the UK government's current spending round that lasts from 2008 to 2011. It is thought that the deficit emerged by an accounting mistake was made when the…
drorzel | December 3, 2009As a companion piece to Steve Albini's famous rant about how the pop music industry systematically screws its artist, theToo Much Joy blog provides a look at their royalty statement:
I got something in the mail last week I'd been wanting for years: a Too Much Joy royalty statement from Warner Brothers that finally included our digital earnings. Though our catalog has been out of print physically since the late-1990s, the three albums we released on Giant/WB have been available digitally for about five years. Yet the royalty statements I received every six months kept insisting we had zero…
drorzel | September 8, 2009Like every other blogger with a political opinion, I read Paul Krugman's essay on economics last week, and tagged it for Saturday's Links Dump. And while I appreciate Eric Weinstein calling me out as part of the "high end blogosphere," I'm not sure I have much to say about it that is useful. But, since he asked...
Twitter's interface makes it almost impossible to go back and figure out what the hell was going on even a few days ago, but going through Eric's feed, the crux of the matter seems to be that he takes issue with Krugman's claim that "the economics profession went astray because…
drorzel | August 26, 2009Janet is currently exploring the implications of the California university furloughs. If you haven't been paying attention, California is so grossly dysfunctional that the state government has had to order all employees-- including university faculty-- to take 9% of their work time off as unpaid "furlough" days, in order to cut costs enough to have an approximately balanced budget.
Janet's comments, and the stories about the impact on scientists reminded me of the Great Government Shutdown of 1995, when I was a grad student working at NIST.
That shutdown was the result of a game of "chicken"…
drorzel | June 15, 2009The main speaker at yesterday's Commencement was Paul Volcker, the former Federal Reserve Chairman (the guy before Alan Greenspan) and current chair of President Obama's economic advisory council. As you would expect from somebody of his background, the bulk of the speech was about the current economic crisis. The full speech is online, but the relevant-to-ScienceBlogs bit is this:
The past couple of decades have been seen as a triumph of finance - new and more complex financial instruments, a huge growth of financial institutions, enormous compensation for traders, speculators, and finance…
drorzel | June 8, 2009Two things that are worth a plug beyond the Links Dump level:
1) Over at the Intersection, Sheril Kirshenbaum wants you to look at pictures of people kissing. This is for Science, so stop giggling, and tell her what you think of the pictures.
2) There's a new blog, Ecocomics, dedicated to exploring the burning questions of how the principles of economics play out in superhero comics. This is both more and less silly than that description makes it sound. If you'd like a participatory entry to parallel Sheril's kissing survey, they're asking readers who's the richest character in comics.
drorzel | May 13, 2009I'm currently the president of the local chapter of Sigma Xi (an honor society, not a fraternity, thankyouverymuch), and as such have been collecting RSVP's and dues for this year's new inductees. As part of this process, I've been struck by how many students don't have checks-- I've had a couple of students give me cash, one cashier's check from a local bank, a couple of checks drawn on parental accounts, and one check from the roommate of a nominee.
The first couple, I wrote off as individual eccentricities, but after a few more, and a little thought, I realized that this pattern is…
drorzel | March 24, 2009One of the NCAA pools I'm in has a copy of Obama's bracket entered, and the last I checked, I'm a couple of games up on him. This means I'm as qualified as anyone else to offer a plan to fix the financial crisis, and I have just the plan we need.
On the question of the AIG bonuses, I'm pretty much in agreement with the people who say that it's not worth making too much fuss over less than a tenth of a percent of the total bailout funding they're received. Passing laws to punish specific individuals is a lousy precedent, and it's not worth corrupting our principles for such a pittance. Let the…
drorzel | March 3, 2009Back before things went pear-shaped this weekend, Jonathan Zasloff had a good post about why "clean coal" is important:
I think it's terrific that the Coen Brothers are making funny, effective ads against relying on "clean coal" as part of the US energy program. But I worry that the clean energy community is really missing the boat here.
Clean coal research and development is absolutely crucial in fighting climate change not for us, but for India and China. India has the fourth largest reserves of coal in the world -- most of it very dirty, with high ash content. It currently imports 70%…
drorzel | February 27, 2009Via email, Mike Steeves points me to an Ars Technica article about a Thomson Reuters report on the "decline in American science":
The US is beginning to lose its scientific dominance. That's
the message from Thomson Reuters, the people behind EndNote and impact factors.
According to a report in their publication ScienceWatch, the US' science
output is in a shallow decline at the same time that Asia is in the ascendancy.
If it sounds like you've heard that before, you've been
paying attention. Back in 2006 the National Science Foundation's biennial
Science and Engineering Indicators report…
drorzel | February 11, 2009Back in the fall, I got all caught up in the election, like everybody else, and I added a bunch of blogs to my RSS feeds in Google Reader. I'm thinking that I might need to cut back to pre-election levels, if not lower, though. Following too many political blogs is giving me whiplash.
This has really been brought home to me as the progress of the stimulus bill has coincided with a busy patch, meaning that I've been sitting down in the evening to 60-80 posts worth of stimulus bill commentary. Going through a whole day's worth of blog posts about the stimulus reads something like:
The bill's in…
drorzel | February 4, 2009The big news of the day from the world of politics is that President Obama plans to cap executive pay at banks that take bailout money in the next round of emergency cash payments. This is not popular with the executive class:
"That is pretty draconian -- $500,000 is not a lot of money, particularly if there is no bonus," said James F. Reda, founder and managing director of James F. Reda & Associates, a compensation consulting firm. "And you know these companies that are in trouble are not going to pay much of an annual dividend."
Mr. Reda said only a handful of big companies pay chief…
drorzel | January 28, 2009The American Physical Society has sent out another of its email alerts encouraging people to write to Congress in support of more funding for science. Actually, they're urging people to send two messages: a thank-you to Speaker Pelosi for the generous science funding in the House stimulus bill, and a letter to your Senators asking for more funding.
The explanation from the message:
As you may be aware, the U.S. Congress is currently formulating a
stimulus package to help spur the recovery of our economy. In
addition to the tax cuts in the draft packages being discussed,
the packages include…