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Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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Articles about events, conflicts and disease around the world
Someone Calculated How Many Adjunct Professors Are on Public Assistance, and the Number Is Startling (Jordan Weissmann, Slate) Hat tip to Pavlina Tcherneva. There are a lot of Ph.D.s and Masters Degree holders working as instructors at colleges and universities who are members of the working poor. For those who think the government should financially support college education, is providing food stamps and Medicaid the most efficient way to do it?
Since Recession, Tax Revenue Lags in 30 States (Pew) Adjusted for inflation, more than half of the U.S. states have not recovered the level of tax revenues to the pre-recession peak. That is in spite of over all 50 states 2.5% more tax revenue was collected in the third quarter of 2014 than the previous peak quarter in 3Q 2008.
1.5 Million Missing Black Men (Justin Wolfers, David Leonhardt and Kevin Quealy, The New York Times) For every 100 black women not in jail, there are only 83 black men. The remaining men – 1.5 million of them – are, in a sense, missing. Among cities with sizable black populations, the largest single gap is in Ferguson, Mo (37.5% black males 62.5% black women). The city with the most missing black men is New York City (118,000).
Tax Receipts Flash Economic Warning Sign (Lance Roberts, StreetTalk Live) Hat tip to TalkMarkets. Lance Roberts is a weekly contributor to GEI. Peaks in income tax collections have been a warning signal of economic softness many times in the past.
Other Economics and Business Items of Note and Miscellanea
Sharpen Your Pencils: Why Low Rates Challenge Traditional Security Analysis Methods (Advisor Perspectives) How do today's very low interest rates impact security valuations?
AdaptiveRight and CopyRight (Roger Erickson, Mike Norman Economics) Roger Erickson contributes to GEI. The trade-off between protecting individual rights and the rights of society are sometimes difficult. The evolution of a society depends on a growing collective adaption by the entirety. And yet the protection of individual rights by copyright can interfere with adaptive processes. Econontersect: The same dilemma is presented by the use of patents.
Patent "Trolling" (AAAA.org) Another problem with the patent system (besides the question of collective adaptive development of society mention in the preceding discussion) has to do with leeches ("trolls") who run and usually get away with an extortion racket. From AAAA.org:
In 2011 AAAA.org says these patent abuses extracted nearly $30 billion from U.S. companies with their extrortion racket.
Not even a 'trickle' of sound economics (TribLive) An "associate professor of economics and a restauranteur" cherry picks some data and sounds a purely political trumpet.
Coal industry writing the NSW Govt's rules on economics (Climate Spectator) Another story of regulatory capture.
The economics of daylight saving time (Hurriyet Daily News) One of the arguments in facvor of Daylight Saving Time is that it would reduce electricity usage. When Indiana changed to DST for the first time in 2006 electricity usage increased by about 1% over 2005.
Eco-Economics takes on Neoliberalism (Dissident Voice)
Bits and Pieces 14: Will Rogers on Trickle-down Theory (J.C. Moore Online) Hat tip to Roger Erickson.
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