— Karel Čapek, born Around this day in 1890 Karel liked his collective beers in Praha's pubs ;-)
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Every breath you take and every move you make
Every bond you break, every step you take, I'll be watching you
Every single day and every word you say
Every game you play, every night you stay, I'll be watching you ...
Every bond you break, every step you take, I'll be watching you
Every single day and every word you say
Every game you play, every night you stay, I'll be watching you ...
New blog, Political Arithmetick, high quality on economic stats and their meaning, by Brent Moulton
Econofact.org
New Dani Rodrik paper on global vs. national inequalities (pdf).
Do we like entertainment better when we make fewer choices?
Tax Research UK » Taming the inclination to tax abuse
“U.S. government federal contract spending totaled $436.9 billion in 2015, with an estimated 64% of the spending going to national defense contracts. The U.S. defense budget is by far the largest in the world, and the government relies heavily on the private sector to meet its needs. Likewise, many contractors rely on the government for a substantial share of their revenue. To determine the companies profiting the most from the U.S. government, 24/7 Wall St. analyzed contract data from the Federal Procurement Data System. Companies were ranked on total payments received from U.S. government contract obligations in the 2015 government fiscal year…”
OxFam, An Economy for the 99%: It’s Time to Build a Human Economy That Benefits Everyone, Not Just the Privileged Few:
New
estimates show that just eight men [Jeff Bezos, Michael Bloomberg,
Warren Buffett, Larry Ellison, Amancio Ortega Gaona, Bill Gates, Carlos
Slim Helú, Mark Zuckerberg] own the same wealth as the poorest half of
the world. As growth benefits the richest, the rest of society –
especially the poorest – suffers. The very design of our economies and
the principles of our economics have taken us to this extreme,
unsustainable and unjust point.
Hoard Of Gold Coins Found Inside Antique Broadwood Piano
“The gold was recently discovered by a tuner inside a Broadwood upright piano which had originally been sold in 1906 by a musical instruments shop in Saffron Walden, Essex.”
“UK Govt consultation on abuse of Scottish Limited Partnerships announced” (audio) Good Morning Scotland, BBC. Friend of the Blog Richard Smith at 1:15:36. Roger Mullin, the main MP who got Scottish Limited Partnerships onto the agenda, at 2:16:57.
Beatrice Cherrier is a new and noteworthy figure in the economics blogosphere
Scalpers with Trump event tickets are getting burned. In fairness, it should be noted that the returns to scalpers are not distributed normally across events
How the Google Tax grew ... and grew - An opinion piece on the
Multinational Anti-Avoidance Law and the diverted profits tax
John Quiggin on AI and Bohemian Inspired Workless Robots
Last month, it was reported that Foxconn plans to replace almost every human worker in some of its manufacturing plants with a robot. Perhaps more worrying for office workers was the news that a Japanese insurance firm was sacking over 30 staff because artificial intelligence could calculate payouts just as well as humans. No wonder that two-thirds of Americans believe that robots will soon take on the majority of work currently performed by people.
But according to a study on automation, employment, and productivity published by McKinsey Global Institute, the research division of the consultancy firm McKinsey & Company, the pace of automation’s impact on the labor force may be a little less fierce than expected. And, it reckons, the economy has more to gain by humans working alongside robots for the foreseeable future.
In his final Twitter post as President Obama’s deputy Chief Officer, Ed Felten dryly notes one of his accomplishments: “Robot apocalypses: 0.”
Robots and automation have received lots of attention over the past year, with much of the interest ranging from alarmist to curious. Elon Musk has said that robots will take your job. The Economist detailed the long history of human anxiety over automation-induced job loss. And, at the recently concluded 50thannual Consumer Electronics Show, companies rolled out robots to monitor your child and brew your coffee and tea. Robots are everywhere, except, as it turns out, in the data
- According to Business Inside Insider, Most of the world’s largest companies promise to retrain staff even if robots replace jobs …
http://www.businessinsider.com/davos-2017-infosys-report-on-automation-robots-jobs-skills-2017-1“This MIT website makes you decide who a self-driving car should kill in an accident” so it takes me back to Karel Čapek’s novel…
On the necessity for caution in using behavioral economics to make law
Excellent op-ed in today's WSJ by Todd Zywicki and Geoffrey Manne reminds us that The Constitution Says Nothing About Behavioral Economics. As I explained in my article Mandatory Disclosure: A Behavioral Analysis, which is available at SSRN: https://ssrn.com/abstract=329880
Greed and Debt: The True Story of Mitt Romney and Bain Capital
How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill
How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill
Sandy Baum (Urban Institute) & Patricia Steele (Higher Ed Insight), Who Goes to Graduate School and Who Succeeds? (Jan. 2017):
Rolls-Royce also has foreign troubles but it was unable to escape them so easily, since it faced hard evidence of misbehaviour rather than merely juicy stories. The UK aerospace group this week paid £671 million to settle allegations of corruption in China, Brazil and India. It had the UK Serious Fraud Office on its trail and volunteered some information from its own inquiry.
Why Read Old Philosophy? (guest post by Katja Grace)
A Whole Course About Combating Bullshit
A stack of barrels ready to be set on fire during the prohibition era
“An engineer who fell asleep at the controls of a Metro-North train and caused a derailment that killed four people in New York City sued the railroad… saying its negligence and carelessness led to the accident” [CBS News, Westchester County, N.Y. Journal News] Related: New York Post (he gets pension).
“An engineer who fell asleep at the controls of a Metro-North train and caused a derailment that killed four people in New York City sued the railroad… saying its negligence and carelessness led to the accident” [CBS News, Westchester County, N.Y. Journal News] Related: New York Post (he gets pension).
THE SPY LEFT OUT IN THE COLD: UK PM May says Trump dossier author has not worked for Britain for years
WHEN EVERYONE IS FAMOUS FOR 15 MINUTES, more famous people will die each year
Preventing Nepotism in the Federal Civil Service – A Report to the President and the Congress of the United States by the Merit Systems Protection Board June 2016. “…As explained in this report, new political appointees whose backgrounds do not include prior public service may be unfamiliar with the rules for the civil service, including the prohibitions regarding the employment of relatives. The transition between administrations may be a particularly high-risk period as – regardless of the outcome of the election –when there is a new President there will be a large number of new appointments to positions that are political in nature and thus filled by many individuals who do not have prior experience within the civil service. When these officials arrive in their new positions, it will be important for them to conduct themselves in accordance with the law…”
Swiss Culture, with a variety of interesting points and examples
It’s perhaps natural that fiction from across the oceans dominates the market for over twenty years. Before 1989, there was much hunger for good speculative fiction. Sometimes, let’s say twice a year, a book that was really worth it was published. I remember the excitement when Nonstop by Brian Aldiss appeared here! Sometimes books by Russian authors were published here, for instance The Time Wanderers by brothers Strugackis, but neither had good promo. Speculative fiction wasn’t favored in general. And then the door suddenly opened after the year 1989 and our market was overwhelmed with Anglophone world production. It was too much, not unlike when a rock collapses and the stream from which you were sipping all of a sudden changes into a tsunami and you’re struggling to catch your breath. Not just good fiction came here, there was also real trash, and who was supposed to get one’s head around it? The biggest inflow had ceased, but American speculative literature production is still large in our circumstances.
Kam kráčí česká fantastika? Panelová diskuse
Jaroslav Mostecký, Vlado Ríša, Martin Šust & Julie Novakova
Jaroslav Mostecký, Vlado Ríša, Martin Šust & Julie Novakova
The Assumption Parish deputy seemed to take it in stride, reportedly texting back an OK last Friday, before he mobilized the Narcotics Division.
Sure enough, the suspect, 39-year-old Dwayne Herbert of Pierre Part, showed up with crystal meth and two guns, Sheriff Leland Falcon said. The deputy arrested Herbert, who faces charges ranging from meth possession to resisting an officer.
The movies are filled with criminal masterminds because real life isn’t.
Czechoslovakia spied on Donald and Ivana Trump, communist-era files show
The cyber
threat -- the number of attacks, the number of hackers and actors, the variety
of attacks -- has evolved and grown exponentially says a key White House
counterterrorism and cybersecurity advisor. Lisa Monaco, the assistant to the
president for homeland security and counterterrorism since 2013, told an
audience at a Jan. 10 Council on Foreign Relations event in New York that the
growth of the internet of things will only increase the attack surface for the
expanding number of malicious cyber actors around the world. "The tactics
and the techniques and the procedures are getting more varied," she said.
"From intrusions, to asymmetric information operations, to destructive
attacks, to [one] that frankly concerns me greatly, which is the ability to
manipulate data such that we question its integrity going forward." Monaco
said that the Obama administration made "great strides" on cyber with
the creation of the Cyber Threat Intelligence Integration Center under the
Office of the Director of National Intelligence and with Presidential Policy
Directive 41 that outlines roles and responsibilities in response to a
significant cyber incident. "I hope [the next administration continues]
those very clear lines and they build on that," she said.
The
Department of Homeland Security is now providing cybersecurity risk monitoring and
response services to 93 percent of federal civilian executive branch networks,
according to a Jan. 11 press release. In a statement concerning the deployment
of cyber-threat detection and defense system EINSTEIN 3 Accelerated (E3A), DHS
Secretary Jeh Johnson reports the digital invader mitigation service
contributes coverage to all civilian cabinet-level departments, as well as 45
federal departments and agencies, including the Departments of Energy,
Commerce, Homeland Security, Interior, Justice, Labor, State, Veterans Affairs
and the Office of Personnel Management. This is up from 28 percent of the
civilian workforce in May 2015 and 88 percent in November 2016. Congress called
for a ramp-up of EINSTEIN deployment in 2015 after news broke of the massive
hack of OPM networks. Johnson reports that E3A has blocked over 1 million
potential cyber threats on the networks covered, identifying malicious traffic
and halting exfiltrations by bad actors.
OPM
Debuts Cyber Careers Site
ATO warns energy giants over offshore profit hubs - An article on the ATO's guidance relating to marketing hubs and transfer pricing
The declining authority of statistics – and the experts who analyze them – is at the heart of the crisis of liberal democracy. Welcome to the post-statistical society
Ms Berejiklian has done the two jobs deeply connected to the fate of the government: transport minister and treasurer. As treasurer, she counted the money that rolled in from the property boom and the bold infrastructure-for-assets privatisation plans of the Baird government, with $2 billion surpluses stretching into the future. It's been good for the state, but also underscores the housing affordability issue that she nominated at her first media conference as the top concern of NSW voters. Gladys Berejiklian in charge
ATO warns energy giants over offshore profit hubs - An article on the ATO's guidance relating to marketing hubs and transfer pricing
The declining authority of statistics – and the experts who analyze them – is at the heart of the crisis of liberal democracy. Welcome to the post-statistical society
- Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with US Justice Department and Federal Trade Commission
- HMRC: Nine out of 10 accountants think UK tax office is not improving
- Panama Papers show how 'the crooks of this world stash away their money
- Financial CompanyHomeStreet Inc Charged With Improper Accounting and Impeding Whistleblowers
- The Pinstripe Mafia Feeds on Public Money: KPMG oil and gas chief predicts more infrastructure deals in 2017
- Rolls-Royce sent agent to 'retrieve' document from India tax office
- Bribery and Corruption: Las Vegas Sands Corporation to Pay Nearly $7 Million Penalty to Resolve FCPA Charges Related to China and Macao
- PricewaterhouseCoopers Liberia Craves Capacity Building
- Who's Pulling the Strings of Company Ownership?
- UK government rules out public registers for crown dependencies
- Companies in tax havens: OECD seeks debate on beneficial ownership
- Financial Firm Allegedly Hunted Down Whistleblowers Amid SEC Accounting Inquiry
Ms Berejiklian has done the two jobs deeply connected to the fate of the government: transport minister and treasurer. As treasurer, she counted the money that rolled in from the property boom and the bold infrastructure-for-assets privatisation plans of the Baird government, with $2 billion surpluses stretching into the future. It's been good for the state, but also underscores the housing affordability issue that she nominated at her first media conference as the top concern of NSW voters. Gladys Berejiklian in charge