On November 27, 2023, the Economic Affairs Committee of the British House of Lords completed their inquiry into the question – Bank of England: how is independence working? – by releasing their 1st Report after taking evidence for several months – Making an independent Bank of England work better. The report is interesting because it contains a confusing array of contrary notions. On the one hand, the witnesses to the Inquiry claimed it was “Groupthink” in operation that prevented the Bank...

I’ve always done basic research. I’ve never done any research specifically aimed at a clinical goal. I’ve never patented anything I’ve done. None of that motivated my curiosity. I’ve been a medical school professor for over 36 years and was Principal Investigator on three NIH grants and one from the American Cancer Society, and I never once gave a thought to how my findings would cure disease.There are two types of people in the world: game people...

Bayesian analysis with SPSS .[embedded content] Yours truly has for several years been conducting a doctoral course in statistics for students in educational science where SPSS has been used. Unfortunately, Bayesian analysis has not been available in that program. With version 29 of SPSS, things have changed.  So, next year, there will be a new addition to the course!

This is a combination of two different posts. The first part is by the NCRC, the National Community Reinvestment Coalition. It offers up a wealth of detail expressed in numbers defining the issues confounding Native Americans. It is very brief and I would hope you follow the link to a larger array of statistics defining the issues. The second part is by the Economic Policy Institute. It is comparing the situation before the pandemic and after the...

The Boston Globe has an article announcing the imminent approval of Casgevy, a CRISPR-based treatment for sickle cell disease that has already been approved in Britain.It is hard to overstate how transformative CRISPR has been for genetics research, and how promising it is for gene therapy. Sickle cell disease was always the low-hanging fruit, but there are plenty of other conditions that are being targeted for CRISPR therapy.To explain how Casgevy...

“AI Understands The Importance Of Independent Congressional Rules,” Exposing The Underpinnings Of A Broken Government, J. P. McJefferson The Artificial Intelligence (AI) application ChatGPT understands the importance of independent reviews of Congressional Rules. ChatGPT says independent reviews are, “essential for various reasons.” Too bad “Real Intelligence (RI)” can’t seem to recognize those essential reasons. A simple inquiry, and AI...

from Lars Syll “the heart of darkness in ‘New Keynesian’ macroeconomics” Macroeconomic models may be an informative tool for research. But if practitioners of ‘New Keynesian’ macroeconomics do not investigate and make an effort to provide a justification for the credibility of the assumptions on which they erect their building, it will not fulfil its tasks. There is a gap between its aspirations and its accomplishments, and without more supportive evidence to substantiate its claims,...

[unable to retrieve full-text content]RADHIKA DESAI: Hello and welcome to the 19th Geopolitical Economy Hour, the program where we discuss the evolving political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. And we bring you this program with the help of our host, Ben Norton, our videographer Paul Graham, and our transcriber Continue Reading The post Global Insecurity first appeared on Michael Hudson.

Weekly Indicators for November 27 – December 1 at Seeking Alpha; plus a comment on the ISM manufacturing report  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. The coincident data continues quite strong, and the long leading indicators are increasingly “less bad,” which is something that happens when recessions are beginning to ebb. As usual, clicking over and reading will bring you up to the virtual moment as to...

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like this:Like Loading...