Scientific Economics: Review of Progress (Wilson S.)
One of the motivating factors for the project came from a careful reading of Keynes’ book, The General Theory of Employment, Interest and Money, which many revere as an economic bible. The book is eloquent, witty, insightful, but unscientific and contains mathematical and logical errors. Unlike other rhetorical critiques, an early post on this blog shows from empirical data collected over recent decades that Keynesian policy has been harmful to the US economy and could lead to a Keynesian economic collapse.
Through a combination of low prices and moderate wage gains, 2015 may have been a great year for median household incomes.
The goal of relieving students saddled with onerous debt and a subpar education can be at odds with reducing the cost to taxpayers who are likely to be stuck with the bill.
Prepare for Brain-Dead Corporate Tax Reform (Tiffany D.)
One of the great advantages of pass-through businesses is that they’re subject to a single tax on net income, whether or not it’s distributed as profit. There’s no corporate tax. Instead, a pass-through business’ income and expenses are reported by its owner on his or her individual tax return. Net business income is combined with income from other sources and subject to individual income tax.
Among scientists, however, there is agreement. Two Harvard economists, after trawling through voluminous, authoritative research, said last year that the odds of an utterly catastrophic finale to humanity’s atmospheric experiment is about 10 percent. That’s a conclusion that can focus minds pretty quickly—and perhaps turn the expenditure of trillions of dollars over three decades into only a tough, but manageable, problem.
This new attempt at a production freeze comes as Saudi Arabia, OPEC’s largest producer and de facto leader, reaches a new production record of 10.67 million barrels, more than 400,000 more than when the last freeze was discussed, while its oil revenues continue to plummet. OPEC profits have fallen 55 percent since 2014, according to the EIA. Ecuador, Kuwait and other Gulf producers want the price to recover past $50 a barrel. If a production freeze is on the cards, it will be discussed in late September during an informal meeting of the OPEC states at the International Energy Forum in Algeria.
The greater threat to our health as a population, though, may be the fact that the total U.S. food supply (the amount available, both produced and imported) is now 4,000 calories per person per day, also according to the USDA. This means that close to half of that food supply is going to waste. At the same time, none of these numbers is growing as quickly as the total number of people. Between 1975 and today, the American population increased from 213 million to 319 million.
A Swarm Of Controversy (jdargis)
Since the early 1980s Hayes has written “The Classroom,” an advice column for the American Bee Journal, America’s oldest bee magazine. He is Dear Abby for beekeepers, counseling readers on everything from capturing swarms to making shoe polish from beeswax. (To Tommy, a North Carolina beekeeper asking why his bees swarmed too late to survive the winter: “Sometimes the stupid gene expresses itself, Tommy. Genes are always testing themselves to see if they bring reproductive value.”)
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