
The book also contains more than 100 photographs by photographer Richard Baker. Be sure to check out this gallery of images that did not make it into the book.
This is Professor Victor V. Claar's Economics Blog. I use it mostly to keep track of interesting video segments that I use in class, but you will occasionally find other posts here as well.
"The path the United States has chosen is historically discredited," he said, advising Americans to "read dusty history books" so as to avoid repeating "the errors of the 1930s" and the Great Depression.Now, maybe the Czech leader was just smarting from a no-confidence vote (101-96) in the Czech parliament one day earlier, forcing his resignation. Nevertheless, his words make clearer still the Transatlantic conflict of economic visions the G-20 must face in April. And the EU is working hard to manage the fallout from the comments.
China has blocked the popular video-sharing Web site YouTube but did not offer a reason for the ban.Google, which owns YouTube, said it began noticing a decline in traffic from China about noon Monday.
By early Wednesday, site users insider China continued to encounter an error message: "Network Timeout. The server at youtube.com is taking too long to respond."
"We do not know the reason for the blockage and we are working as quickly as possible to restore access to our users," said Scott Rubin, a spokesman for Google, which owns YouTube.
It's not the first time users in China have been unable to access the site. In March 2008, China blocked YouTube during riots in Tibet. . . .
Many in the country speculated the latest ban may be an attempt to filter access to footage that a Tibetan exile group released. The videos show Tibetans being kicked and beaten, allegedly by Chinese police officers after the riots. . . .China, with 298 million Internet users, has routinely blocked access to Web sites it considers politically unacceptable, including the Voice of America and The New York Times. The Chinese government has also censored television broadcasts, including those by the BBC and CNN, during coverage of issues such as its policy in Tibet and Taiwan.
The Chinese government did not directly address whether it has blocked YouTube.
"China is not afraid of the Internet," said Foreign Ministry spokesman Qin Gang on Tuesday. "We manage the Internet according to law ... to prevent the spread of harmful information."
YouTube, which allows users to upload and share videos, has been banned periodically in other countries as well. Bangladesh, Pakistan, Thailand and Turkey temporarily shut off access to the site after users uploaded content the countries' governments considered politically embarrassing.
The Federal Reserve is likely to target the newest, most-traded Treasury securities for purchase . . . . The central bank may announce as early as today which maturities it will buy as part of its plan to acquire $300 billion of Treasuries during the next six months.So why does this matter? After all, if the Fed monetizes some debt in most years anyway, without necessarily even trying, is there any legitimate cause for concern?
This is a chance for millions of Indians . . . to participate in India's economic boom, and to get a chance to move up, and move on in life.Oh, and here is a video of the Nano:
It is a chance to finally be a part of the great Indian dream.
Funny: I'm not surprised that 11 of the 12 states on their short-list are ranked higher than Michigan in the new ALEC-Laffer State Economic Competitiveness Index."We've crossed off the Midwest because of the economy," Johnson said. "We are going to wherever the economy is strong and the climate is nice."
They have narrowed their list of potential states to 12. They have printed up a map, and crossed off states as the list narrows.
What's left is Texas, Florida, North Carolina, South Carolina, West Virginia, Georgia, Colorado, Wyoming, Alabama, Nevada, Missouri and Northern California.
The global meltdown affects poor countries in three ways. First, capital: as investors in the West rebuild balance sheets, private capital flows dry up, hurting marginal borrowers like the poor. . . . For the poor, the other kind of external capital is aid. . . .
The second effect of the meltdown is the dive in commodity prices. Most poor states still rely on commodities for big shares of their foreign exchange and tax revenues. . . .
The third area where the meltdown is being felt is labour. Those poor countries that do make things for export are suffering from the fall in world trade. . . . Many countries also export workers who send back remittances. . . . Some countries depend on them.
From bacon to booze, risks often make headlines: "CANCER UP X PERCENT IF YOU DO Y" - you know what I'm talking about. So I've devised a simple but different way of seeing stories, with a click-by-click Risk-o-meter.
But the center cautioned that giving is far more likely to be affected by the condition of the stock market than by President Obama’s tax proposals. It noted that every time the stock market declines by 100 points, giving declines by $1.85-billion. Charitable donations rise by that same amount when the stock market increases.(Hat-tip: Rob Moll)
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"THE past ten years have dealt a series of blows to efficient-market theory, the idea that asset prices accurately reflect all available information. . . . There is now widespread acceptance that investors can behave irrationally, creating very large anomalies."
"As parallels to the 1930s multiply, Fisher is relevant again. As it was then, the United States is now awash in debt. No matter that it is mostly “inside” or “internal” debt—owed by Americans to other Americans. As the underlying collateral declines in value and incomes shrink, the real burden of debt rises. Debts go bad, weakening banks, forcing asset sales and driving prices down further. Fisher showed how such a spiral could turn mere busts into depressions."Yes, Irving Fisher was quite an economist. He even discovered the Phillips curve before Phillips did:
"Host Robert Smith finds a similar surge in the classrooms of American University and across the country. So is undergraduate economics getting sexier? In a word: yes."(Hat-tip: Michael Kruse)