Political rhetoric in U.S. political campaigns suggests that factory jobs are all fleeing overseas, but a recent report from the Congressional Research Service (CRS) suggests the facts aren’t quite that simple. There’s no doubt that factory work accounts for a shrinking share of total employment, but CRS says the …
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By Robert Hahn, Peter Passell | Category: Economic Statistics, Economic Theory, Quick Takes |
 Leave a commentThe 2007-2008 recession put a major dent in Americans retirement plans and probably means that an awful lot of senior citizens will be hard at work when they might rather be relaxing on the beach or in their backyard hammock. According to the Center for Retirement Research, 53 percent of … While some folks still struggle to understand the fuss about social networking, a growing number of lenders believe that watching individuals’ social network patterns and knowing who their “Friends” are is a pretty cool way to reduce loan defaults. According to Economist, German lender Kreditech, which makes small online … In a bid to boost the state’s struggling casinos, New Jersey has opened the door to online blackjack, slots and poker games run by the state’s licensed gambling operations. With any luck, the legislation will also serve as a template for online “prediction markets” that could help improve both … Yes, we know that, with the help of Google (or Bing), economic statistics are generally pretty easy to find. But it’s worth taking note of the latest Web-based stats from the OECD: the 2010 Factbook of Economic, Environmental and Social Statistics. The data sets, which cover OECD members (and … By Robert Hahn, Peter Passell | Tags: Blackberry apps, fisheries, iPhone apps, OECD, patents, R&D | Category: Economic Statistics, Quick Takes |
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Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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