Wednesday, April 27, 2011
Revisiting Arnold Palmer's Golf Swing
Tuesday, April 26, 2011
Tracing The Effects of Fed Policy
This Wednesday, US Federal Reserve Chairman Ben Bernanke will hold the first-ever press conference after the two-day policy meeting of the FOMC and the release of the Fed's Q2 economic forecast. The FOMC meeting minutes discuss Fed open market operations (sales of securities and foreign currency operations). The intent of the open market operations is to influence interest rates, money supply and the value of the dollar. Ultimately, the Fed is charged with fostering price stability, promoting sustainable growth in output and employment.
Saturday, April 23, 2011
Using The Big Muscles and Getting The Hands Out of the Golf Swing
Tuesday, April 19, 2011
Japan, Energy Intensity and the Kyoto Protocol
Western Industrial Throwaway Economy No Longer Viable
The notorious environmentalist, Lester Brown (discussed in a prior post here) thinks that we need an urgent and immediate response, on the scale of World War II, to revamp the Western Economic system (here).
We need an economy for the twenty-first century, one that is in sync with the earth and its natural support systems, not one that is destroying them.The fossil fuel-based, automobile-centered, throwaway economy that evolved in western industrial societies is no longer a viable model—not for the countries that shaped it or for those that are emulating them. In short, we need to build a new economy, one powered with carbon-free sources of energy—wind, solar, and geothermal—one that has a diversified transport system and that reuses and recycles everything. We can change course and move onto a path of sustainable progress, but it will take a massive mobilization—at wartime speed.
It is not likely to happen without a major catastrophe on the order of a world war, but he is offering a Plan B, should it be needed.
Saturday, April 16, 2011
The Cost of Collective Bargaining
Monday, April 11, 2011
Stack & Tilt: Warning, Skip This Drill
Monday, April 4, 2011
Will Japan Recover? Maybe Not!
Sunday, April 3, 2011
Will Japan Recover? Yes, Maybe or No?
- Paul Krugman The Return of Depression Economics and the Crisis of 2008
- Herman Kahn The Japanese challenge: The success and failure of economic success.
- Ezra Vogel Japan as Number One: Lessons for America.
- Edward Denison and William Chung How Japan's Economy Grew So Fast: Sources of Postward Expansion
- Christopher Wood The Bubble Economy: Japan's Extraordinary Speculative Boom of the '80s and the Dramatic Bust of the '90s.
- Takatoshi Ito, Hugh Patrick and David E. Weinstein Reviving Japan's Economy: Problems and Prescriptions
- Gary Saxonhouse and Robert Stern Japan's Lost Decade: Origins, Consequences and Prospects for Recovery.
- Richard Koo The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession.