EconWatch.com > April 29, 2006
Morning Coffee Videocast: Neoliberal Advice and International Capital Mobility
[Brad DeLong's Semi-Daily Journal] In which I drink my morning coffee, shift over to using Google's bandwidth, and hem and haw about how strongly I can be for international capital mobility.
Income Distribution and Trade Policy
[Economist's View] Then voters with high skill levels will favor low tariff rates, but voters with low skills will he better off if the country imposes a high tariff (because of the Stolper-Samuelson effect discussed in Chapter 4). We can therefore think of lining up all the voters in the order of the tariff rate they prefer with the voters who favor the lowest rate on the left and those who favor the highest rate on the right.
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Posted at 05:58 AM
April 29, 2006
Morning Coffee Videocast: Neoliberal Advice and International Capital Mobility
[Brad DeLong's Semi-Daily Journal] In which I drink my morning coffee, shift over to using Google's bandwidth, and hem and haw about how strongly I can be for international capital mobility.
Posted at 07:07 PM
Income Distribution and Trade Policy
[Economist's View] Then voters with high skill levels will favor low tariff rates, but voters with low skills will he better off if the country imposes a high tariff (because of the Stolper-Samuelson effect discussed in Chapter 4). We can therefore think of lining up all the voters in the order of the tariff rate they prefer with the voters who favor the lowest rate on the left and those who favor the highest rate on the right.
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Posted at 05:58 AM
April 27, 2006
The Politics and Economics of Global Trade
[Economist's View] The people most opposed to globalization due to the uncertainties it poses for their futures got very little reassurance from Chinese president Hu's trip to the U.S. that things would change, and as importantly, little sense that there is any effort underway in domestic policy circles to address such problems. The only reference to this issue in the White House's five point recovery plan is to beef up the U.S.-Mexico border patrol with agents on ATVs.
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Posted at 06:09 AM
The Battle For Ground Zero, Part 127
[A Blog For All] But whatever Zuckerman's grudge over that defeat, the future holds more tangible reasons for him to fear reconstruction of 10 million square feet of office space.Zuckerman is also facing big problems as a significant portion of his real estate empire is going to have renewals in the timeframe when the Silverstein buildings become viable alternatives. The New York Times similarly has real estate interests that aren't always clear when the Times opines on Ground Zero matters.
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Posted at 06:06 AM
April 25, 2006
Paul Krugman: CSI Trade Deficit
[Economist's View] CSI: Trade Deficit, by Paul Krugman, Deficit Puzzle Commentary, NY Times: Forensics are in. If you turn on the TV during prime time, you're likely to find yourself watching people sorting through clues from a crime scene, trying to figure out what really happened.
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Posted at 06:03 AM
The Battle For Ground Zero, Part 125
[A Blog For All] WTC site cleanup was a mess and information released in connection with a variety of lawsuits against the city documents some of the problems:Kenneth Becker, chief of the city Law Department's WTC unit, sharply disagreed. "Safety was the city's number one priority at Ground Zero," he said.
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Posted at 06:02 AM
April 23, 2006
The Battle For Ground Zero, Part 123
[A Blog For All] "I'm going to recommend that we have an investigation to see who disclosed it," he said.While they're talking about making modifications to the ramps and others access points to the subterranean memorial, I see this as backtracking on the concept and could provide an out given that the fundraising has been abysmal.
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Posted at 06:00 AM
Time for a Trade?
[Economist's View] I don't know anything about Susan Schwab, the administration's choice to replace Rob Portman as U.S. trade representative, but the New York Times has a definite opinion: So much for those trade talks, Editorial, The New York Times: A good U.S. trade representative needs two things. As the quarterback of America's efforts to break down trade barriers, he or she must command respect abroad.
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Posted at 05:56 AM
April 21, 2006
The Battle For Ground Zero, Part 121
[A Blog For All] More than 500 human bone fragments have been found at the former Deutsche Bank building since workers began cleaning it last fall and preparing to dismantle it. The 41-story building suffered severe damage on Sept.
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Posted at 06:04 AM
Why Oh Why Are We Ruled by These Morons? (Trade Policy Edition)
[Brad DeLong's Semi-Daily Journal] Drezner :: So I'm thinking Doha is dead: This morning George W. Bush announced a new director of the Office of Management and Budget...
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Posted at 05:59 AM
April 20, 2006
Open Markets, Open Borders...
[Brad DeLong's Semi-Daily Journal] Meanwhile, Kling is happy to ignore that his worldview is proving less accurate with every passing quarter, and feels no need to engage in explaining just why it is that, in a presumptively competitive market, profits are continually rising without wage increases or, for that matter, significant consumer savings (what savings we have are amply explained by productivity increases that should, but haven't, result in increased wages).
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Posted at 05:31 PM
Good for Whom?
[EconLog: Library of Economics and Liberty] (April 19, 2006 04:56 PM, by Arnold Kling) I blame Tyler Cowen for pointing me to this post by Matthew Iglesias. one is constantly reading articles in...
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Posted at 05:30 PM
Gold on the run
[W.C. Varones Blog] Jeez -- gold has gone wild. It's too bad there wasn't a blog that recommended buying gold when it was under $500.
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Posted at 05:05 PM
What Data Dependent Looks Like
[macroblog] It was an eventful day yesterday -- with a PPI report, a speech from Federal Reserve Bank of San Francisco president Janet Yellen, and the release of the March FOMC meeting minutes. And boy, did those events leave their mark on market expectations.
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Posted at 05:04 PM
Young people receive money from parents
[Half Sigma] McGuinness's mother, a vice president of the Zlokower Company, a public relations firm in Manhattan. Unlike young adults who "boomerang" back home to live with their parents ” the subject of the recent comedy "Failure to Launch" ” these young people live independently.
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Posted at 04:48 PM
The broken clock theory - Clinton era oil incentives probably right
[From the Heartland] Unfortunately, the Rockefeller Republican and Truman Democrats who people editorial boards at northeastern papers that aren't per se house organs for the Socialist Workers Party don't understand oil exploration economics any better than the New York Times (free sign-up required). But the irony here is that the Clinton administration might actually have gotten it right -- even if the New York Times never will.
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Posted at 04:41 PM
Immigration Once Again
[Brad DeLong's Semi-Daily Journal] Ottaviano and Giovanni Peri: "Rethinking the Gains from Immigration: Theory and Evidence from the U.S.": The standard empirical analysis of immigration, based on a simple labor demand and labor supply framework, has emphasized the negative impact of foreign born workers on the average wage of U.S.-born workers (particularly of those without a high school degree). A precise assessment of the average and relative effects of immigrants on U.S. wages, however, needs to consider labor as a differentiated input in production.
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Posted at 03:47 PM