Categories underneath Economics: General:
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Date Fairness.com Resource Read it at: Jun 15, 2014 The True Cost of Hidden Money A Piketty Protégé’s Theory on Tax Havens (Op-Ed)
QUOTE: ...$7.6 trillion — 8 percent of the world’s personal financial wealth — is stashed in tax havens. If all of this illegally hidden money were properly recorded and taxed, global tax revenues would grow by more than $200 billion a year, he believes. And these numbers do not include much larger corporate tax avoidance, which usually follows the letter but hardly the spirit of the law. According to Mr. Zucman’s calculations, 20 percent of all corporate profits in the United States are shifted offshore
New York Times Oct 24, 2012 Tax Policy Center in Spotlight for Its Romney Study
QUOTE: No white paper or policy manifesto put out during the presidential campaign has proved more controversial than an August study by the Washington-based Tax Policy Center, a respected nonprofit that issues studiously detailed tax analyses. That study found, in short, that Mr. Romney could not keep all of the promises he had made on individual tax reform...
New York Times Apr 19, 2012 CPI Conspiracy Theories Persist Even With Broad ChecksI
QUOTE: The [Bureau of Labor Statistics]’s price-gathering and statistical methods are standard practice from Japan to Switzerland. That hasn’t averted a lashing from critics who say the government is engaged in a campaign to hide inflation of 10 percent a year or more. Assurances by Federal Reserve policy makers that inflation remains “subdued” also haven’t deterred the skeptics.
BusinessWeek Nov 10, 2011 Greece and Italy Seek a Solution From Technocrats
QUOTE: The question now, in both Italy and Greece, is whether the technocrats can succeed where elected leaders failed — whether pressure from the European Union backed by the whip of the financial markets will be enough to dislodge the entrenched cultures of political patronage that experts largely blame for the slow growth and financial crises that plague both countries.
New York Times Jul 01, 2011 The Unselfish Gene
QUOTE: Why is this deep-rooted belief about human selfishness beginning to change? To some extent, the answer is specific to evolutionary biology. But similar ideas challenging the notion that people are born selfish have surfaced in several other fields, such as psychology, sociology, political science, and experimental economics. Together, these ideas are tracing a new intellectual arc in the disciplines concerned with human action and motivation.
Harvard Business Review (HBR) Jun 22, 2011 Some Greeks Fear Government Is Selling Nation
QUOTE: “But at these extremely low levels, especially for those companies quoted on the stock exchange, we have to be very wary,” he added. “If we go by today’s values, as a result of the recession and the crisis the country finds itself in, it will be really selling the crown jewels at a pittance of their cost.” Mr. Papandreou’s government has not managed to make a convincing case for the sell-off to many Greeks, where the idea of a fire sale has taken hold, setting off a wave of national indignation.
New York Times May 23, 2011 In Europe, Rifts Widen Over Greece
QUOTE: Fissures among Europe’s currency partners are becoming even deeper and more widespread than was previously evident, raising new doubts about whether the group can resolve the regional debt crisis that has simmered for more than a year.
New York Times Mar 05, 2008 Next Question: Can Students Be Paid to Excel?
QUOTE: School districts nationwide have seized on the idea that a key to improving schools is to pay for performance...Critics of these efforts say that children should be inspired to learn for knowledge’s sake, not to earn money, and question whether prizes will ultimately lift achievement.
New York Times Feb 25, 2008 What Was I Thinking? The latest reasoning about our irrational ways.
QUOTE: Though Tversky and Kahneman’s research [on how people deal with uncertainty] had no direct bearing on economics, its implications for the field were disruptive. Can you really regard people as rational calculators if their decisions are influenced by random numbers?
New Yorker Jan 20, 2008 Tax Rebate or Payment? A Policy Debate Begins
QUOTE: ...Democrats are gearing up to fight [the Republican economic stimulus plan], arguing that a stimulus plan should put money in the hands of low-income people, both as a matter of fairness and because people who are struggling to make ends meet are most likely to spend any government payments quickly.
New York Times Jan 18, 2008 Unintended Consequences: The Case of the Red-Cockaded Woodpecker
QUOTE: ...[economists] found that when the A.D.A. [American With Disabilities Act] was enacted in 1992, it led to a sharp drop in the employment of disabled workers...Employers, concerned that they wouldn’t be able to discipline or fire disabled workers who happened to be incompetent, apparently avoided hiring them in the first place...How long have such do-good laws been backfiring?
New York Times Nov 18, 2007 Does Death Penalty Save Lives? A New Debate
QUOTE: The studies, performed by economists in the past decade, compare the number of executions in different jurisdictions with homicide rates over time — while trying to eliminate the effects of crime rates, conviction rates and other factors — and say that murder rates tend to fall as executions rise. One influential study looked at 3,054 counties over two decades.
New York Times Apr 19, 2007 Economic Scene: Matrimony Has Its Benefits, and Divorce Has a Lot to Do With That
QUOTE: Unilateral divorce shifts the bargaining power to the person who is getting less out of the marriage and thus is most likely to leave. The partner getting more from the marriage has to work harder to keep the other person around, which can be good for the marriage and good for the couple. In other words, unilateral divorce benefits victims and potential victims.
New York Times Jun 25, 2006 The hidden economy: Embedded in everything from cellphone bills to car-rental contracts, ''hidden fees" are hiding in plain sight. Two economists explain why they're likely to stay that way.
QUOTE: Getting nailed by a hidden fee is one of the great annoyances of modern life. But, if it's any consolation, the fees have also raised fascinating questions for economists: Why, for example, don't companies compete on all costs, including the ones in fine print?
Boston Globe Nov 07, 2005 A Consuming Health-Care Conundrum: If human capital represents the future of the U.S., shouldn't spending on physical and mental well-being count as an investment?
QUOTE: If orthodontics is an investment in the future, why do government economists insist on calling it consumption? After all, investment by definition is spending that's supposed to provide a future payoff, while consumption by definition makes you better off today.
BusinessWeek Mar 25, 2005 World divided on ethics of Terri Schiavo case
QUOTE: From the Netherlands, where euthanasia and assisted suicides are legal and common, to India, where no doctor is allowed to deny lifesaving treatment to any patient, no matter how hopeless, governments are struggling to draft ethical and practical laws governing so-called mercy killing.
Christian Science Monitor Jan 17, 2004 Economic Crisis Leaves Many Adrift: 'Culture of Not Working' Is Changing Society
QUOTE: There is a feeling of drift and despair in Argentina that is entirely the fallout of our economic crisis.
Washington Post Jan 31, 2002 The Compromise Effect. . . And the New Thinking About Money Is That Your Irrationality Is Predictable
QUOTE: Homo economicus is supposed to make intelligent, rational choices... Reality, of course, turns out to be quite different from theory. As economic actors, people are as likely to be governed by their emotions as by reason, by prejudices as by careful cost-benefit analysis.
Washington Post Nov 08, 2001 The Decline of the Muslim Middle East, and the Roots of Resentment
QUOTE: [European]Inheritance law often allowed a person to designate heirs....Under Islamic law, by contrast, inheritance was prescribed in rigid detail, with all sorts of family members...getting pieces of the estate...fragmentation...
New York Times Sep 25, 2001 Spending is Our Patriotic Duty
QUOTE: Patriotism normally suggests a willingness to sacrifice for the good of the nation...But market patriotism suggests a strange kind of sacrifice: Continue the binge...
Washington Post Aug 08, 2001 Nothing for Something
QUOTE: ...The [Social Security--Ed.] trust fund is worthless, he said, because it is invested in U.S. government bonds. If it were invested in German bonds...could indeed be used to pay benefits.
New York Times Jul 27, 2001 The True Struggle Behind the MS-Open Source Fight: Ideology
QUOTE: The upsurge in free software...is a valid reaction to a company [Microsoft] that has achieved too much dominance.
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