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Matt Schrader

YouTube - Fall Sweeps - 0 views

www.youtube.com/watch

diigo sweeps

shared by Matt Schrader on 02 Nov 09 - Cached
  • Matt Schrader on 02 Nov 09
     
    An investigation into the City of Los Angeles's street cleaning double standard: failure to sweep streets on the designated days but strict enforcement of cars parked along them.
thinkahol *

America at Stall Speed? - Mohamed A. El-Erian - Project Syndicate - 0 views

www.project-syndicate.org/...English

America at Stall Speed? - Mohamed A. El-Erian Project Syndicate

shared by thinkahol * on 20 Oct 11 - No Cached
  • thinkahol * on 20 Oct 11
     
    Judging from the skittishness of both markets and "consensus expectations," the United States' economic prospects are confusing. One day, the country is on the brink of a double-dip recession; the next, it is on the verge of a turbo-charged recovery, powered by resilient consumers and US multinationals starting to deploy, at long last, their massive cash reserves. In the process, markets take investors on a wild rollercoaster ride, with the European crisis (riddled with even more confusion and volatility) serving to aggravate their queasiness. This situation is both understandable and increasingly unsettling for America's well-being and that of the global economy. It reflects the impact of fundamental (and historic) economic and financial re-alignments, insufficient policy responses, and system-wide rigidities that frustrate structural change. As a result, there are now legitimate questions about the underlying functioning of the US economy and, therefore, its evolution in the months and years ahead.
Levy Rivers

Charles Krauthammer - Palin's Problem - washingtonpost.com - 0 views

www.washingtonpost.com/...AR2008090402845.html

palin

shared by Levy Rivers on 07 Sep 08 - Cached
  • It's clear that McCain picked her because he had decided that he needed a game-changer. But why? He'd closed the gap in the polls with Obama. True, that had more to do with Obama sagging than McCain gaining. But what's the difference? You win either way.
  • So why did McCain do it? He figured it's a Democratic year. The Republican brand is deeply tarnished. The opposition is running on "change" in a change election. So McCain gambled that he could steal the change issue for himself -- a crazy brave, characteristically reckless, inconceivably difficult maneuver -- by picking an authentically independent, tough-minded reformer. With Palin, he doubles down on change
  • The gamble is enormous. In a stroke, McCain gratuitously forfeited his most powerful argument against Obama. And this was even before Palin's inevitable liabilities began to pile up -- inevitable because any previously unvetted neophyte has "issues." The kid. The state trooper investigation. And worst, the paucity of any Palin record or expressed conviction on the major issues of our time.
Sarah Eeee

Income Inequality and the 'Superstar Effect' - NYTimes.com - 0 views

www.nytimes.com/...26excerpt.html

inequality economics capitalism

shared by Sarah Eeee on 27 Dec 10 - No Cached
  • In 1982, the top 1 percent of pop stars, in terms of pay, raked in 26 percent of concert ticket revenue. In 2003, that top percentage of stars — names like Justin Timberlake, Christina Aguilera or 50 Cent — was taking 56 percent of the concert pie.
  • . In an article entitled “The Economics of Superstars,” he argued that technological changes would allow the best performers in a given field to serve a bigger market and thus reap a greater share of its revenue. But this would also reduce the spoils available to the less gifted in the business.
  • IF one loosens slightly the role played by technological progress, Dr. Rosen’s framework also does a pretty good job explaining the evolution of executive pay. In 1977, an elite chief executive working at one of America’s top 100 companies earned about 50 times the wage of its average worker. Three decades later, the nation’s best-paid C.E.O.’s made about 1,100 times the pay of a worker on the production line.
  • ...2 more annotations...
  • CAPITALISM relies on inequality. Like differences in other prices, pay disparities steer resources — in this case, people — to where they would be most productively employed.
  • In poor economies, fast economic growth increases inequality as some workers profit from new opportunities and others do not. The share of national income accruing to the top 1 percent of the Chinese population more than doubled from 1986 to 2003.
  • Sarah Eeee on 27 Dec 10
     
    What impact do the incredible salaries of superstars have on the rest of us? What has changed, technologically and socially, to precipitate these inequities? This article also offers a brief look at the relationship between income inequality and economic growth, comparing the US throughout its history and the US vis a vis several European countries. (Part 1 of 2)
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