Jun 15, 2009
Babies born to Unmarried women - 40% in 2007
That doesn't mean that Daddies aren't around, of course. But is it the Brangelina effect; or is it the greater economic independence of women and reluctance of men to have children; or is it the continued existence of a marriage tax that is undermining the institution of marriage?
I'm not sure how bad this is for society, if at all. Just don't know the evidence to comment. But it sure did surprise me.
Jun 10, 2009
Just took the new Alzheimers 5 min test & passed!
Jun 8, 2009
The "brilliant" Larry Summers
- the brilliant but sometimes supercilious Mr. Summers
- Mr. Summers, given his prickly personality,
- His argumentative style
- under Mr. Summers, meetings became “endless debating sessions,”
- “Larry Summers is one of the world’s most brilliant economists,” said Mr. Orszag,
- He enriches any discussion he participates in,
- "....pretty good at making the case against anything.’
- The arguments became so heated that Mr. Summers stormed from one meeting,
- “incredibly inclusive” and “listens to the economic arguments"
So, there, amidst the questionable traits, and some good traits, is the ubiquitous "brilliant" description. Why do economists and the press that covers them continue to describe this man as "brilliant?" I'm sick of it. The man was instrumental in fostering public policies that led directly to the immensity of our current "Great Recession" (as we're now calling it). And, he has never owned up in public to his role in it.
So, can we now start referring to him as " the inclusive and argumentative, but mentally challenged, Mr. Summers?"
I'd feel so much better if the press would stop lipsticking the pig.
Jun 4, 2009
Robert Reich on GM, bailouts, productivity and US.
We really DO need a new political party in this country -- the Common Sense Party? -- the Centrist Party? My advisors tell me I'm a dreamer to imagine that the grass-roots power of the internet could bring about such a thing. I'd follow Reich if he announced such a move.
Turns out Reich has a blog where he posts wonderful stuff on all manner of public policy issues. Check it out here: Reich Blog. I'll put a link to it in the list of blogs here (scroll down to bottom in left column), so you can always find it. Or, just add it to your own Favorites list.
Jun 3, 2009
What it's like to be a Public school HS teacher at end of year
At lunch, at the very least, they say. And today a Post editorial actually endorsed the change. (If that happens, all the more reason to send your kids to private or parochial schools.)
Now our "Teaching Stories" author (Ynonymous) has sent along another description of her life as a high school science teacher in a local suburban public school district. Issue 3- End-of-School-Year Thrills helps to put the state of the adolescent mind into perspective. Why would we want to enable students to self-distract any more than at present? Read it. You'll feel like you're there in the classroom, but you'll be glad it's she and not you!
Jun 1, 2009
Do workers need a week of guaranteed sick leave?
On the face of it, this sounds like a good idea. (Who wants coughing/hacking co-workers at the MacDonalds?) But Lupi R, who has close-up experience with small businesses that compete with low-cost producers in other countries, points out that it will put further strain on those firms struggling to make it in this economy. She believes that workers will be inclined to "use up" their sick leave every year, whether sick or not. Businesses that need to keep running will have to pay other workers time and a half to make up the difference. (As a retired Fed who hoarded sick leave, but only up to the point that I couldn't carry it over into the new year, I'm afraid she may be right. When it's use-or-lose, let's face it, we're gonna use!)
If you accept the labor economists' argument that total compensation is what employers pay (TC= wages + benefits), then greater benefits means higher TC. That makes us even less competitive than we already are. Or, more likely, employers will adjust wages downward to keep TC about the same as before. Of course, not every employer will do this right away, but the more competitive the sector, the more necessary such downward adjustment will be. Some employers will hire fewer workers and squeeze more work out of 'em. (How can that be? Aren't we a bunch of cellphone slaves as it is?) Some might demand higher cost-sharing for health coverage (oh, joy). Things have a way of working through the system. And, if they don't squeeze wages down, that's just more unemployment due to our even more evolved inability to compete globally.
Bottom line for me is that it's better to keep things as they are. If we want to subsidize workers without such benefits, we can do it through the myriad programs we already have to augment their incomes (earned income tax credits; subsidy programs; unemployment benefits, etc.) Mandates on employers, especially small businesses, are not the way to go right now, and perhaps right ever.
Do I sound like a Republican? Jeez! Either way you come out on this, you can weigh in with your congressman in minutes. Here's how.
Health Reform and the "Public Plan" option
- Whether there should be a "public plan" option (think Medicare fee for service) along side private insurance companies
- Whether employers that offer health insurance should be able to deduct those costs as business expenses (a 35% tax subsidy if the company is making money). If so, should the deduction be capped in some way?
Number 2 -- that's important, and maybe I'll figure it out. (I'm not betting on it.)
Number 1- I don't have to figure it out. Victor Fuchs, the dean of health economists, figured it out for me in this week's New England Journal of Medicine. Here's the free link to his article in NEJM. Bottom line: public-schmublic...it's not going to matter that much. It's no panacea for the problems we've got, and it won't kill private insurance. The latter I'm not so sure about. The former -- based on all we know about how ineffective Medicare has been these past 50+ years in controlling costs or assuring quality -- is a slam dunk.