Infinite Monkey Theorems 20100713
Come on…. we can’t find any good justices to nominate to SCOTUS? This is what… the third (including the previous administration) uninspired justice nominated in just 5 years.
For such a prestigious and life long appointment, we should expect much better (via Cato here):
Elena Kagan, President Obama’s nominee for the Supreme Court, seemed to shock many people when she dodged questions about the Declaration of Independence during her testimony before the Senate Judiciary Committee…
Via Freakanomics here, which will hopefully put to rest the idea that nurses go on strike to “help” patients, from the NBER paper:
…Controlling for hospital-specific heterogeneity, patient demographics and disease severity, the results show that nurses’ strikes increase in-hospital mortality by 19.4% and 30-day readmission by 6.5% for patients admitted during a strike, with little change in patient demographics, disease severity or treatment intensity….
Robert Reich via Salon.com here demonstrates once again how much politics effects his economic analysis. According to him, this whole economic mess, including a potential backslide can be blamed solely on deregulation:
…starting in the late 1970s, and with increasing fervor over the next three decades, government did just the opposite. It deregulated and privatized. It increased the cost of public higher education and cut public transportation. It shredded safety nets…
Which he believes is causing greater wage disparities:
…We’re back to the same ominous trend as before the Great Recession: a larger and larger share of total income going to the very top while the vast middle class continues to lose ground….
Because with deregulation, of course, companies can become EVIL:
…Companies were allowed to slash jobs and wages, cut benefits and shift risks to employees (from you-can-count-on-it pensions to do-it-yourself 401(k)s, from good health coverage to soaring premiums and deductibles)….
I submit what Mr. Reich fears is freedom – freedom of business owners to hire and fire as they wish, freedom of employees to change jobs easily (401K allows this, pension does not), just freedom.
Secondarily, you can see in his writing that the only thing the government has ever done wrong, is by not getting involved enough. He doesn’t mention government meddling, deficit spending, enormous new health care expenses, entirely new federal agencies which more money will be needed, idiotic regulations like a moratorium on all oil drilling due to one company’s failure….
Nope, for Mr. Reich, it’s all because the government hasn’t taken enough control over the little people.
Via Cato here, more news on the Obama Administration’s transparency:
The Social Security’s trustees’ annual report is, by law, supposed to be published by April 1. This year, however, the trustees have postponed its release indefinitely. The program’s financial condition continues to remain hidden from public view — and by many accounts will continue to be so until the end of the fiscal year….
Wonder if Reich views this as an issue?
July 13, 2010
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Posted by Michael S. Langston
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