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LUCK AND THE FOX BUSINESS CHANNEL.

“Contrary to what many parents tell their children,” wrote Robert Frank, “talent and hard work are neither necessary nor sufficient for economic success. It helps to be talented and hard-working, of course, yet some people enjoy spectacular success despite having neither attribute.” It’s not a particularly bold claim. Nor is Frank’s conclusion the sort of […]

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THE CHRYSLER BANKRUPTCY.

I haven’t written much about the Chrysler bankruptcy because I’ve not been sure I understand it well enough t have an opinion. But this is about the clearest explanation I’ve found: What the federal government is hoping for — in it’s happiest-of-happy-thoughts scenarios — is a quick “surgical” bankruptcy of only 30-60 days with Fiat […]

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DO CEOS ONLY MATTER SOME OF THE TIME?

Steve Pearlstein spent some time last week with Mayo Shattuck, the grinning fellow pictured above. Shattuck was a high-flying financial whiz kid who looked like a genius amidst the boom but who’s been tagged as a fool since the crash. Shattuck, of course, has all manner of perfectly reasonable explanations for his company’s poor fortunes. […]

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BURPS, NOT FARTS.

Tom Laskawy is attending Princeton’s “Feeding a Hot and Hungry Planet” conference. Fun stuff. But he must not be that engaged because he had time to send a couple IMs that suggested a truly disturbing ability to anticipate my interests: Tom: i’m at an ag conf. at princeton listening to an official from the UN […]

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WHY WE MAY NEED TAX REFORM.

The Politico reports that “Senate Budget Committee Chairman Kent Conrad predicted that the budget pressures will force action on a major overhaul of the current tax system by 2010 or 2011.” You don’t often hear that, so it’s worth unpacking for a second. Len Burman, Director of the Tax Policy Center, recently released a report […]

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THE CASE FOR (ANTIVIRAL) WASTE.

Just ran across an interesting study. In it, Ruby Siddiqui argues that it’s cost effective to treat all symptomatic patients with antiviral medications, even given the fact that you’ll inevitably waste some courses on patients who aren’t infected. What isn’t cost-effective is to try and test each case and then administer antivirals. it’s one of […]

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STUFF WHITE PEOPLE SAY.

Not really sure what to say about this. It did make me realize that one of my favorite things in life is hearing people painfully enunciate slang. Saying the word “swagga” is not the same as saying the corrupted version of the word “swagger.”

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THE CASE FOR OVERREACTING TO THE FLU.

There’s a bit of a “we have nothing to fear but fear itself” approach to the swine flu occurring in some corners of the blogosphere. I don’t think that’s quite accurate. Rather, we have nothing to fear but a lethal mutation of a pandemic influenza. It’s true that the flu is, as of now, not […]

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