Tuesday, February 28, 2012
Saturday, February 18, 2012
>> Not to worry, says Barry Antoinette. Let them eat condoms.
>> This is a very curious priority for a dying republic. "Birth control" is accessible, indeed ubiquitous, and, by comparison with anything from a gallon of gas to basic cable, one of the cheapest expenses in the average budget. Not even Rick Santorum, that notorious scourge of the sexually liberated, wishes to restrain the individual right to contraception.
> Glenn Reynolds, the Instapundit, distills the current hysteria thus: "It's as if we passed a law requiring mosques to sell bacon and then, when people objected, responded by saying 'What's wrong with bacon? You're trying to ban bacon!!!!'"
Friday, February 17, 2012
>> Actually, it’s worse than that. Everywhere the president goes, he explains that he’s failed to get anything done either because the system is broken or because his opponents lack the honor and decency to work with him. Such arguments define cynicism.
Thursday, February 16, 2012
Tuesday, February 14, 2012
Reynolds, a gun rights advocate, said that with a reported $32 billion total package of proposed airport fees and cuts, “for that kind of money, they could give every frequent flier a gun, which would do more to stop hijackings than the TSA clown show.”
Monday, February 13, 2012
1. For those students applying to medical school with average GPAs (3.40 to 3.59) and average MCAT scores (27-29), black applicants were almost three times more likely to be admitted than their Asian counterparts (85.9% vs. 30%), and 2.4 times more likely than their white counterparts (85.9% vs. 35.9%). Likewise, Hispanic students with average GPAs and average MCAT scores were about twice as likely to be accepted as white applicants (68.7% vs. 35.9%), and more than twice as likely as Asian applicants (68.7% vs. 30%). 2. For students applying to medical school with slightly below average GPAs of 3.20-3.39 and slightly below average MCAT scores of 24-26 (first column in the table), black applicants were more than 8 times as likely to be admitted as Asians (67.3% vs. 7.7%), and more than 5 times as likely as whites.
Thursday, February 09, 2012
In 2009, economist James Hamilton published a paper that retroactively forecast what an oil shock, like the one we experienced in 2007-08, would do to GDP. And guess what? His model accurately predicated much of the collapse in GDP that resulted from the Great Recession -- as if there had been no housing bubble or financial crisis! The oil spike was that bad.
Still, there was a housing bubble. And there was a financial crisis. How do we account for them and still hold onto the gas story? Here's a one-paragraph theory of the Great Recession that begins with gasoline. Cheap gas ruled in the 1990s. This encouraged families to settle down farther from the cities where they worked. In the 2000s, super-low interest rates, declining lending standards, and an appetite for mortgages on Wall Street (among other factors) further encouraged sprawl and residential development in the 'burbs. As the price of gas went up, families stopped buying homes 30 minutes from the city. For folks shacking up in the exurbs, higher gas bills ate into mortgage money. For companies, higher energy bills shocked productivity. Classic oil-shock + housing development arrested + financial crisis = Great Recession.
Wednesday, February 01, 2012
>> In other words, they are going to start wasting money out in the valley, so that they will be able to waste more money later on, along the coast. This may not make any sense economically, but it can make sense politically for Jerry Brown and Barack Obama.>