Carpe Diem

Monday morning links

1. From Steve Hayward, “Martin Luther King, Conservative?,” e.g. he was against all policies based on race (affirmative action?).

2. “Right to work” works for black Americans much better than forced unionism, says Stacy Swimp, president of the Frederick Douglass Society in Michigan.

3. Inaugural trivia quiz from NPR.

4. Victory for economic freedom: The Institute for Justice and independent tax preparers defeat IRS licensing requirement.

5. Andrew Morriss at PERC says, “Let’s end ethanol subsidies.”

6. Peter Diamandis identifies eight technologies that are making the world better, and will lead to a massive explosion of innovation.

7.  Moral hazard (or “paid to party”): Study finds that the more money (in total, and as a share of total college costs) that parents provide for college, the lower the grades their children earn.

8. Orlando teenager is this year’s second Drug War casualty.

9.  Housing recovery: Austin-area home sales hit a 6-year high for December, with a 17% increase vs. a year earlier, while the median sales price increased by 11%.

10. “Gains from Trade” via Greg Mankiw, How a model software developer outsourced his own $250,000 job to a programmer in China for $50,000,and then spent the day surfing the web, watching cat videos and updating his Facebook page.

11. China loses its competitive edge as low-cost manufacturing location as wages and costs rise.

12. New iPhone app “Urgent Care” connects you to a nurse or doctor anytime, available for free download in iTunes store.

7 thoughts on “Monday morning links

  1. re: 7. Moral hazard (or “paid to party”): Study finds that the more money (in total, and as a share of total college costs) that parents provide for college, the lower the grades their children earn…

    Well the children have ‘no skin in the game‘ as someone once mentioned…

    Speaking of college tuition there’s this nugget of nuttiness out of Wisconsin: Alleged robber with Bucky Badger hat needed money for debt, complaint says

    A man who wore a three-dimensional Bucky Badger hat when he allegedly robbed an East Side credit union last week told police that he wants to go to prison and needed the money because he has $250,000 in student debt.

  2. Yesterday, Barack Obama, the descendant of slave owners, took the presidential oath of office for the second time, being sworn in using a Bible once belonging to Abraham Lincoln. The son of privilege, Obama studied at one of the most elite and expensive private schools in his home state of Hawaii, before attending Columbia and Harvard. During his tenure as President, black unemployment, and the poverty rate among black Americans, has reached record levels with the black youth unemployment rate topping 20 percent.

    Today, the swearing in ceremony will be repeated. This time Barack Obama will be given the oath of office with his hand on a Bible once belonging to the slain civil rights leader, Reverend Martin Luther King. Obama, whose descendents never experienced the travails of slavery or the struggle for civil rights, seems the antithesis of what Dr. King struggled and died for, a man celebrated not for the “content of his character”, but for the “color of his skin”.

  3. “Caterpillar Inc uncovered “deliberate, multi-year, coordinated accounting misconduct” at a subsidiary of a Chinese company it acquired last summer, leading it to write off most of the value of the deal and wiping out more than half its expected earnings for the fourth quarter of 2012.” — Reuters

    It’s probably just an isolated incident.

    • The board of directors at CAT might have done more due diligence. “In a statement last year, Caterpillar described its acquisition of ERA Mining as an opportunity to “help our mining customers become more efficient and safer.”

      What is the ackground of ERA?

      “The company obtained its Hong Kong listing in 2010, using a maneuver called a reverse takeover, according to ERA Mining’s regulatory filings. It bought out a nearly defunct distributor of Hollywood DVDs called Era Information & Entertainment Ltd. and used its Hong Kong listing to bypass regulatory hurdles involved in an initial public offering.”

  4. re #10: GENIUS! I one day hope to outsource 90% of what I do to computer programs. Cat videos really do not get the attention from me they deserve.

  5. An additional issue is video games usually are serious as the name indicated with the major focus on studying rather than leisure. Although, we have an entertainment element to keep your sons or daughters engaged, just about every game is normally designed to work towards a specific experience or programs, such as instructional math or technology. Thanks for your post.

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