Archive for December, 2012

Guess Who Pushed Through Airline Deregulation

This is a fascinating short post from Ed Lopez at Marginal Revolution. In a few short paragraphs he explains the process through which the airlines were deregulated. Following up on my post from yesterday, the Civil Aeronautics Board (CAB) regulated U.S. airline rates and routes from the 1930s through the 1970s. It also kept mountains of data. [...]

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Exiting GM

So the government has decided to at least partially sell off its interests in GM. It announced it will sell 200 million of the 500 million shares it owns at a price of $27.50 per share. It initially invested $49 billion  in the company and with the sale will have recouped about $34 billion. Whether [...]

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Overpaid Federal Workers?

Megan McArdle and Arnold Kling had posts on government pay. Essentially they both used a new survey which indicates that individuals moving from the public to private sectors make less money while those going the other way make out better. According to the SIPP data, the average federal worker shifting to a private job actually [...]

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Will We Frack

That the US is sitting on an ocean of oil and gas has been well reported. Whether the development of those resources proceeds is still up in the air. Joel Kotkin examined the dilemma facing President Obama and the Democrats. Talk all you want about the fiscal cliff, but more important still will be how the [...]

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Systemic Failure In Benghazi

Permit me a brief rant. The State Department has issued its report on the Benghazi debacle. State basically concludes that it screwed the pooch though it couches that assessment as a “systemic failure.” If you guessed that viewed from that angle it’s not possible to hold any individual responsible, go to the head of the [...]

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Why Sweden Will Never Produce A NFL Linebacker

From the Atlantic a “you can’t make this stuff up” story: Is it discriminatory and degrading for toy catalogs to show girls playing with tea sets and boys with Nerf guns? A Swedish regulatory group says yes. The Reklamombudsmannen (RO) has reprimanded Top-Toy, a licensee of Toys”R”Us and one of the largest toy companies in Northern [...]

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Don’t Worry About Unemployment Anymore

Rest easy everyone, the noted economist Felix Salmon has pronounced the “employment emergency” over.   This is the US unemployment rate, from Calculated Risk. Today’s jobs report was a very positive one: not only did job creation exceed all expectations, but unemployment fell too, to 7.7%. For the first time, the unemployment rate is lower than it was [...]

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