Teacher pay rises in 2023 by Sylvia Allegretto Economic Policy Institute Just offering up a portion of an EPI report on Teacher’s Earnings Public school teachers attaining a bachelor’s degree to teach in the U.S. do not make similar wages as what other similarly degreed people in other fields. There is a pay gap between the disciplines and gender. The EPI report compares the pay of public-school teachers with the pay of college graduates...
Read More »Carbon capture and storage is a fantasy — and taxpayers are footing the bill
A relatively long piece on Carbon Capture by Vox. It does touch on every topic concerning capture and storage. Oil companies sold the public on a fake climate solution — and swindled taxpayers out of billions by Amy Westervelt Vox This spring, Democrats wrapped up a nearly three-year investigation into the fossil fuel industry’s role in climate disinformation and asked the Department of Justice to pick up where they left off. In House...
Read More »Book Review with Excerpts
Sailing Alone by Richard J. King Reviewed by one-handed economist David Zetland I read this 2023 book by Richard J. King on the recommendation of LS. It’s all about those sailors who take to the sea alone, with only wind (or muscle power). It’s about the mental and physical challenges, and how technology and society have added or (mostly) subtracted from them. I thought the book was insightful. It definitely convinced me that sailing...
Read More »Frontloading Interest Rate Cuts
This report by Employ America was written the day before the Unemployment report was released on the 6th. There is another link to a report on Indeed at the end of this report. It too makes for an interesting tead. The good news from the August jobs report is the labor market is not weakening as quickly as July’s shaky report would have you believe. The bad news is the labor market’s strength is slowly fading. Time is a-wasting for the Fed to take...
Read More »Soft Landing ?
A soft landing (disinflation without a recession) looks possible. Also the remaining threat is the FED’s sticking with high interest rates, even though inflation is at a very reasonable level. I personally publicly and will almost certainly decline even if unemployment remains low. The change can be predicted, because the US index includes owner equivalent rent, a price which no one pays which is a calculation of how much homeowners would pay if...
Read More »Ken Burns Keynote Address to the Graduating Class of 2024
[embedded content] 643,567 views May 20, 2024Why would I be timely with this Keynote Address to the Class of 2024 by Ken Burns. Fifty-something addresses to graduating classes at Brandeis University. Good listen if you have 25 minutes to hear it. Ken Burns books are good reads and make for something to do while spending 10 or more hours on a plane. ...
Read More »RoadSide Attractions in Arizona
Arizona has plenty of roadside attractions, but these eight are undoubtedly the weirdest. Arizona is known for its impressive natural wonders. It is also home to a treasure trove of quirky and offbeat roadside attractions that offer a different kind of adventure for those willing to take the road less traveled. These eight unusual stops range from the downright bizarre and whimsically charming to historical symbols and pop culture references,...
Read More »How a Trial Shocked British Statisticians and Causes Me to Wonder about Education
Just finished reading an Economist article on education or the lack thereof in high schools. They are not picking on US high school but instead used an example of the short comings in England schools. I am older so definitely we were taught in a different manner. Learning vowels in grade or grammar school was a big deal. One of my short comings which I slowly picked up later in life. The topic and problems of education becomes clearer in the...
Read More »For Peat’s Sake
Peat bogs capture much more carbon per acre than forests. Currently, peatlands store twice as much carbon as all the world’s forests . One problem is that they are being drained to free up the land. (also but I think less importantly peat and non-rotten sphagnum moss are harvested for gardening). Various sources (most or all of which seem to be advocacy organisations – yes there are pro-bog advocacy organizations) claim that this causes 10% of global...
Read More »Diagnostic Expectations, Anchoring, and Actual Expectations
This is actually related to my day job. For some decades I have been puzzled by two of Kahneman and Tversky’s discoveries (reported very well in this excellent book). First, there is the excessive reliance on diagnostic characteristics (called diagnostic expectations by economists). A classic example is the room with 90 lawyers and 10 engineers. Jim is quiet and hardworking and likes model trains. It is human nature to conclude he is an engineer...
Read More »