The Angry Bear

Financialized business models sticks to faith based “Market knows best” rule. …The number of MBAs graduating from America’s business schools has skyrocketed since the 1980s. But over that time, the health of American business has decreased by many metrics: corporate R&D spending, new business creation, productivity, and the level of public trust in business in general. There are many reasons for this, but one key factor is that the basic training that...

Angry Bear has over the years described the Pharma industry and its spending on Rand D and stock buybacks, among other developments in comparing US health outcomes to other countries. Via New York Times discussing this study at Ineteconomics. US Pharma’s Financialized Business Model JUL 2017 | Price gouging in the US pharmaceutical drug industry goes back more than three decades. In 1985 US Representative Henry Waxman, chair of the House Subcommittee on...

I stumbled on a recent paper in the Police Quarterly entitled “Quick on the Draw: Assessing the Relationship Between Low Self-Control and Officer-Involved Police Shootings.” The authors are Christopher M. Donner, Jon Maskaly, Alex R. Piquero, and Wesley G. Jennings from Loyola, U of Texas at Dallas, U of Texas at Dallas and U of South Florida, respectively. Quoting from the paper: While the extant literature on police use of deadly force is voluminous, it is...

PByrnes, The New Yorker, Wednesday, March 29 This appeared to fit what is going on today.

I’m not sure if this is worth posting here, but I have some thoughts on health care reform reform. The Republican arguments have become absurd in interesting ways. HHS secretary Price said something which makes no sense: “the Senate health care bill strengthens and secures Medicaid for the neediest in our society,” putting the program, which serves more than 70 million low-income people, on “a path to long-term sustainability.” Republicans regularly describe...

Trump: the endgame There was some economic news last week which is important for the long term, and I’ll try to post about it later today or tomorrow, but in the meantime … I’m as interested in the latest Trump-Russia tidbit as the next person, but really, don’t we all already know the endgame? Remember during the campaign, no matter what devastating gaffes Trump made, he always rebounded into the low 40%’s? Well, about the same thing has been true for the...

At least 40 Republican Senators and possibly the critical 50 have decided to stand up to the lobbyists, the interest groups and big business. They are willing to vote for the Cruz amended BCRA which would not just repeal Obamacare, but also destroy US individual market health insurance. If they do so, they stand up to many of the most powerful lobbies including the AMA and the AARP (but not the NRA or AIPAC). Most importantly, they reject the very firm...

“our present situation is not a natural one.” Many want to change to the popular vote to elect a president as HRC the loser in the election received more popular votes than the election winner and lost in the Electoral College. There are activities going on today with regard to the EC and how it’s vote will be determined in the future. The EC vote is being driven by the numbers of Congressional Representatives in each state plus the Senators. Since the...

Dan here…another post by Steve Why Tyler Cowen Doesn’t Understand the Economy: It’s the Debt, Stupid Steve Roth | November 16, 2015 In a recent post Tyler Cowen makes an admirable effort to lay out his overarching approach to thinking about macroeconomics, revealing the assumptions underlying his understanding of how economies work. (Even more salutary, this has prompted others to do likewise: Nick Rowe, Ryan Avent.) Cowen’s first assertion: In world history,...