Tag: Dubious statistics

China Uses DNA to Track Its People, With the Help of American (Yale) Expertise

Yves here. This story on the role that a Yale scientist played in China getting access to DNA tracking technology is an example of how critically placed individuals can do considerable harm, or less often (sadly) good. This post goes a bit into the weeds but those of you who […]

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Wall Street Journal Story Confirms That CalPERS Plans to Overpay Grossly in Its New Private Equity Scheme

We had hoped to leave CalPERS alone for a bit, but a new Wall Street Journal confirms a post we published earlier this month. We discussed how the fees for its private equity scheme that CalPERS presented to the board as if it were a great deal are in fact […]

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Striking Teachers in Denver Shut Down Performance Bonuses – Here’s How That Will Impact Education

Yves here. While in theory, measuring and paying for performance is desirable, once you get outside areas like sales, it is very difficult to measure performance (trust me, there are academic papers which explicitly say that 100 years+ of experience with performance review systems shows them to have failed). By […]

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Wolf Richter: My Fancy-Schmancy “Fed Hawk-o-Meter” Ticks Down, Still Red-Lines. In Passing, Fed Plants Seed for Removing “Patient”

Yves here. It is disheartening to see the degree to which the Fed has embraced mission creep and then has proven not to be very good at it. It was bad enough that Paul Volcker weakened the Fed’s commitment to full employment by taking the position that any inflation is […]

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How the Peak Oil Story Could Be “Close,” But Not Quite Right

Yves here. Gail Tverberg hasn’t been posting her carefully argued pieces on energy, particularly “peak oil,” and environmental issues as often as she once did, so I was glad to see this piece. By Gail Tverberg, an actuary interested in finite world issues – oil depletion, natural gas depletion, water […]

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Vital Economic Data Was Likely Lost During the Shutdown – Here’s Why It Matters to All Americans

By Amitrajeet A. Batabyal, Arthur J. Gosnell Professor of Economics, Rochester Institute of Technology. Originally published at The Conversation The shutdown may be over – for now – but its consequences will linger on. One of those concerns is the dizzying amount of economic data the federal government collects on […]

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Experts Declare Physician Burnout ‘a Public Health Crisis’ – and Health IT a Significant Pathogen

Yves here. Replying on the work of the health care and IT experts writing at Health Care Renewal, we have been writing about how electronic health care records are a danger to sound medical practice. Among other things, they are designed for billing, not diagnosis or treatment, force doctors to […]

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What Truck Drivers Say about “Driver Shortage” & Pay Increases

Yves here. Of course, one then wonders how many of the other worker shortage stories are exaggerated. And remember that profits have been at record levels as a percentage of GDP, so the idea that most companies can’t pay more is spurious. By Wolf Richter, a San Francisco based executive, […]

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$15 Minimum Wage: Job Killer or Path Out of Poverty?

This Real News Network segment sets forth the most common arguments against increasing the minimum wage to $15 an hour, or alternatively, a living wage level, and shows why they don’t hold up to scrutiny. A decent minimum wage is even more important when the supposedly robust US economy is […]

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Michael Hudson: The Vocabulary of Economic Deception

Originally published at Michael Hudson’s website This is Guns and Butter, October 8, 2018. The aim of classical economics was to tax unearned income, not wages and profits. The tax burden was to fall on the landlord class first and foremost, then on monopolists and bankers. The result was to […]

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The UK’s Reform of Limited Partnership Law: Dead on Arrival (II)

British company structures which hide the identity of those behind them were branded a disgrace by the whistleblower who brought to light an alleged 200 billion euro (178 billion pounds) money laundering scandal involving Danske Bank (DANSKE.CO). “The role of the United Kingdom is an absolute disgrace. Limited liability partnerships […]

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The UK’s Reform of Limited Partnership Law: Dead on Arrival (I)

“Scottish Limited Partnerships are used by thousands of legitimate British businesses – from pension schemes to owning farm land in Scotland – to invest more than £30 billion in the UK a year. We have seen mounting evidence that in their current form they are vulnerable to abuse. Last year […]

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The Inconvenient Truth about Climate Change and the Economy

By Gregor Semieniuk, Lecturer in Economics, SOAS, University of London and Associate Research Faculty, Science Policy Unit (SPRU), University of Sussex; Lance Taylor, Arnhold Professor of International Cooperation and Development, New School for Social Research; and Armon Rezai, Assistant Professor, Environmental Economics, Vienna University of Economics and Business. Originally published […]

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Is This Time Different? Examining Recent Emerging-Market Turbulence

By Dr. Marek Dabrowski, a Non-Resident Scholar at Bruegel, Professor at the Higher School of Economics in Moscow, co-founder and Fellow at CASE – Center for Social and Economic Research in Warsaw and Member of the Scientific Council of the E.T. Gaidar Institute for Economic Policy in Moscow. Originally published […]

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Trump and the Midterms: Is It Not The Economy, Stupid?

By Barkley Rosser, Professor of Economics at James Madison University in Harrisonburg, Virginia. Originally published at EconoSpeak On many Mondays I indulge in taking Robert J. Samuelson to task after his regular Washington Post column of the day.  Today he was almost right, or if you prefer, even mostly right.  […]

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Former Health Insurance Executive Debunks Trump Attacks on Single Payer

Yves here. This Real News Network interview with former Cigna executive Wendell Potter, who among other things now heads Tarbell.org, a site that investigates money in politics, provided a point-by-point takedown of the factually-challenged criticisms Trump has made of single payer. The fact that this rebuttal comes from a former […]

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The World Is Hot, on Fire, and Flooding. Climate Change is Here.

Yves here. I am convinced that one of the reasons climate change isn’t getting the media attention it warrants in the US is that the Northeast is one of the few areas to have gotten generally more moderate weather. In New York City, summers are on average less hot, with markedly fewer above 90 degree […]

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