The Angry Bear

Recently I put up a few graphs showing that the income of immigrants is correlated with the income of the country from which they hailed, and that this relationship is especially true for immigrants who have been in the US the longest Garrett Jones has been covering the same ground, and here he provides a bit of a review of the literature: Recently, a small group of economists have found more systematic evidence on how the past predicts the present. Overall, they...

When Barack Obama became President, Republicans in Congress pledged to oppose him tooth and nail. That was a bad idea. It implied that they were hoping the President would fail. This implies one of two things: either they wished ill for the country, or they were completely convinced that Obama was wrong and they were right on every important issue. Giving them the benefit of the doubt, we can assume hubris rather than dislike of country (or worse). But hubris...

Sarah Anderson and Scott Klinger of the Institute of Policy Studies released “Tale of Two Retirements”, a study discussing how well CEOs will retire in comparison to the low and middle income citizens who only have 401ks and Social Security to retire on in the US and what President-Elect Trump’s actions will do to CEO retirement. One hundred CEOs have company retirement funds worth approximately $4.7 billion or a sum equal to the entire retirement savings of 41...

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Sandwichman | January 20, 2017 1:18 am Dave Moss: What’s your name?  Blake: Fuck you. That’s my name. You know why, mister? ‘Cause you drove a Hyundai to get here tonight. I drove an $80,000 BMW. THAT’s my name. Long before Alec Baldwin did his Saturday Night Live impression of Donald J. Trump, Trump appropriated Baldwin’s sadistic...

This continues joint research with Marco Fioramanti. Our aim is to understand something about European natural rates of unemployment and whether the European Commissions estimated levels which they call NAWRU (for non accelerating wage inflation rate of unemployment) are useful approximations. Here is a brief summary of work to date (prior to this note). Various subsets of us wrote at length here, here, here, here , and here. In this note I look at a panel of...

I was looking for information on how cultures affect growth and stumbled on this 12.5 year old article in The Economist: Diversity and development might seem to sit oddly together. But they are intimately linked, and the report seeks to show that they are not related in the way many people assume. The UNDP’s press release says unambiguously that “there is no evidence that cultural diversity slows development”, and dismisses the idea that there has to be a...

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This email just arrived from the Long Beach Unified School District (LBUSD), where my son is currently enrolled in one of the elementary schools: Long Beach Unified is conducting a survey of all students, staff and parents on the culture and climate of our schools. The surveys, all of which are available for review on our website, are an important part of our accountability plan. Your input is very valuable so please watch your in-box tomorrow for an email titled...