More school is not for everyone. In 1973, Paul Simon–the son of a college professor and elementary school teacher–recorded a lesser known song called “Kodachrome” with the lyrics: “When I think back on all the crap I’ve learned in high school It’s a wonder I can think at all Though my lack of education hasn’t …
Permanent link to this article: https://betweenthenumbers.net/2013/05/geniuses-and-dropouts-must-ask-is-college-worth-it/
Re-writing Economic History with a Substantive Change to the GDP formula
The Bureau of Economic Analysis’ (BEA) report of Gross Domestic Product (“GDP”) is one of the most commonly used indicators of economic health. It measures the total value of all finished goods and services produced in the U.S. within a specified period (normally a year). In July that number is guaranteed to go up, yet …
Permanent link to this article: https://betweenthenumbers.net/2013/05/re-writing-economic-history-with-a-substantive-change-to-the-gdp-formula/
What is it about all the Benjamins ($100 Bills)?
With the advent of e-commerce and increased usage of credit cards, intuition might suggest that $100 bills in circulation would not keep up with inflation. However, from 1990 through 2012, the number of $100 bills in circulation has increased by an average of 8.6% per year, far outpacing the average inflation rate of 2.5% for …
Permanent link to this article: https://betweenthenumbers.net/2013/04/what-is-it-about-all-the-benjamins-100-bills/
Law and Economics Unite for the Greater Good? In Theory, but Maybe Not in Practice.
A fifth U.S. Circuit Court of Appeals recently upheld Mississippi’s $1 million cap on what Plaintiffs can recover for pain and suffering (aka non-economic damages) in personal injury cases with pharmaceutical product liability. The jury initially awarded Plaintiff, Ms. Learmonth, a total of $4 million for injuries suffered from a car crash with a Sears …
Permanent link to this article: https://betweenthenumbers.net/2013/04/law-and-economics-unite-for-the-greater-good-in-theory-but-maybe-not-in-practice/
Permanent link to this article: https://betweenthenumbers.net/2013/03/has-californias-tax-on-the-rich-driven-out-the-poor-and-middle-class/
A Career in Agriculture May be One of Your Better Choices
More economic data supports an increasingly talked about practical career choice: agriculture. Most students do not even consider the study of agriculture. Most schools/colleges do not even offer agriculture related courses even if one wanted to pursue this field of study. The government statistics on the topic reflect this unpopularity. The most recent available U.S. Department of Agriculture’s census …
Permanent link to this article: https://betweenthenumbers.net/2013/02/a-career-in-agriculture-may-be-one-of-your-better-choices/
China’s changing demographics will dramatically impact the world economy
The International Monetary Fund (IMF) just released a fascinating paper entitled “Chronicle of a Decline Foretold: Has China Reached the Lewis Turning Point?” The paper explains that Chinese population controls will cause the number of Chinese working adults to peak between 2020 and 2025. At this point, a “precipitous” drop of working age population will …
Permanent link to this article: https://betweenthenumbers.net/2013/02/chinas-changing-demographics-will-dramatically-impact-the-world-economy/
Does anyone NOT know the key differences between CA versus TX? Anyone…?
Both the business and residential climates in California versus Texas are long known to be diametrically opposed: one is a more progressive state advocating social justice at a “cost” of higher taxes and more regulations while the other espouses lower taxes and less regulations while advocating individual responsibility. Despite this well-known, long standing difference, Governor Perry of …
Permanent link to this article: https://betweenthenumbers.net/2013/02/does-anyone-not-know-the-key-differences-between-ca-versus-tx-anyone/
The American Dream is Still Alive
The real estate market has taken a beating in the past few years. During the most recent downturn in the economy, real estate values plummeted causing homeowners equity to vanish with many homeowners facing short-payoffs and even foreclosure. Despite the more positive recent news regarding real estate, potential buyers are facing increased scrutiny from banks …
Permanent link to this article: https://betweenthenumbers.net/2013/02/the-american-dream-is-still-alive/
Super Bowl XLVII Expected to Flood New Orleans
This past Sunday, the San Francisco 49ers battled their way uphill from an early 17-0 losing position and still managed to defeat the Atlanta Falcons 28 to 24 in a particularly exciting game. Now the 49ers look to steal the silver right from underneath the Baltimore Ravens’ noses in their quest for the Vince Lombardi …
Permanent link to this article: https://betweenthenumbers.net/2013/01/super-bowl-xlvii-expected-to-flood-new-orleans/
Has California’s tax on the rich driven out the poor and middle class?
March 10, 2013
A recent article from the Wall Street Journal identifies a paradox: (i) “conservative lore” predicted rich people would leave California in response to a massive tax increase, yet, in fact, (ii) poor and middle class people have left instead. As evidence, the article summarizes the following about those who have left the state: 1. Their …