Tuesday, September 15, 2015

The Unlikely Cities That Will Power the Economy

Breaking news literally: Eagle takes down Drone in Australia (Eagle is Fine) Melbourne Aerial Video

“..In San Diego, 9.3 percent of workers hold STEM jobs. The city kickstarted its tech economy by investing in local universities beginning in the 1960s. Durham, N.C., has a STEM labor force that’s 13.9 percent of all workers. Its biotech economy started with a sprawling research park that began to grow around the same time that Huntsville’s high-tech transformation was getting started. Cities like Omaha, Neb., and Chattanooga, Tenn., have courted Web startups by investing in high-speed Internet…Tech jobs have also proliferated in energy hubs, like Oklahoma City, Okla. and Denver, Colo. and around research institutions like the University of Wisconsin at Madison and Princeton University, in New Jersey. The top 20 metropolitan areas by STEM employment account for half the STEM jobs in Bloomberg’s analysis, leaving cities like Ann Arbor, Mich. and Boulder, Colo. to fight for the other half of America’s geologists, medical researchers, and computer programmers
The Unlikely Cities That Will Power the U.S. Economy 

John-Urrys-Offshoring-199x300Consider reading the entire story Via  a useful long review of John Urry’s book Offshoring, which was published a year ago and tackles issues close to us ...

Jervis Bay Sep 2014
Economists vs. Economics Dani Rodrik, Project Syndicate

“During childhood and youth we build the foundations for financial well-being later in life, acquiring the knowledge, skills, attitudes, and personality traits that enable us to manage our finances as adults. This article reviews literature from consumer science, developmental psychology, and allied fields to gain insight into moments during youthful development when interventions are likely to have greatest impact. We find promising avenues for influence during each developmental life stage. Many present truly novel approaches to financial education—such as focusing on improving executive function in young children (critical despite lacking apparent “financial content”), emphasizing financial attitude development through dual-generation financial modeling for elementary and middle school students and their parents, or intentionally teaching financial heuristics and other practical skills to later adolescents and young adults.
Bourgeois Pelican  at Jervis Bay Sting Ray River (sep 2014)

Technolog: The threat of robots and automation taking jobs is being overstated
The Conversation, 29/8/15. Jobs, or more accurately, not having a job, has been in the news this week. Questions the accuracy of a range of reports.
The new work order: Ensuring young Australians have skills and experience for the jobs of the future, not the past.

The Chinese Financial Crash: A Behavioural Economist’s Perspective
Market Mogul, 24/8/15. The rise and subsequent fall of the Chinese stock market provides a perfect case study for the behavioural economist enthusiasts among us to study the irrationality of investors and the mental heuristics and shortcuts that occur in the markets on a daily basis.
Daniel Shaviro (NYU), Book Review (Edward D. Kleinbard (USC), We Are Better Than This: How Government Should Spend Our Money (Oxford University Press, 2014)):
This short book review of Edward Kleinbard's We Are Better Than This: How Government Should Spend Our Money both discusses the book's many strengths, and addresses the significance to the book's analysis of issues of high-end (as distinct from low-end) inequality that it generally does not emphasize.  A number of important recent books have brought broad public attention to rising high-end inequality. Thomas Piketty’s Capital in the Twenty-First Century, while the best-known, is merely one entry in this genre.1However, until the 2014 publication of Edward Kleinbard’s We Are Better Than This: How Government Should Spend Our Money, there had been no comparably prominent and important recent contributions within the tax law or public economics realms addressing low-end inequality. ...
  Key Issues in the Design of Capital Gains Tax Regimes: Taxing Non-Residents, by Craig Elliffe

French court confirms Monsanto liable in chemical poisoning case Reuters. “[N]eurological problems after inhaling the U.S. company’s Lasso weedkiller.”
Poll finds almost a third of Americans would support a military coup Guardian. AYouGov.com poll which, despite its name, is a private entity in Palo Alto, CA. What I can’t see, and would like to know, is who commissioned the poll, and why.