Jobs and economy (page 382)

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    Keynes and Hayek’s economic clash

    You’ve seen the movie. (Actually, it’s a pair of rap videos.) Now you can read the book. Nicholas Wapshott’s latest effort documents “the clash that defined modern economics.” That’s the description he assigns to the long-running debate between John Maynard Keynes…
    Mitch Kokai, November 4, 2011
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    This weekend on Carolina Journal Radio

    Media outlets have tended to cover the Occupy movement as a left-of-center version of the Tea Party Is that an accurate characterization?. Jon Ham dissects the coverage during the next edition of Carolina Journal Radio. John Hood reacts to Senate President Pro Tem Phil Berger’s recent comments about…
    Mitch Kokai, November 4, 2011
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    Send In the Chinese!

    On the front page of the New York Times* and the Chronicle of Higher Education today is a story about Chinese students in American universities. Much of the story is about the troubles that both sides are having with the relationship: the Chinese are sometimes getting ripped off…
    Duke Cheston, November 3, 2011
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    Steve Jobs: Engineering skills plentiful in China

    In a post on Community College Spotlight, Joanne Jacobs pulled an interesting quote from Walter Isaacson’s biography of the late Apple CEO Steve Jobs. Apple had 700,000 factory workers employed in China, he said, and that was because it needed 30,000 engineers on-site to support those workers. ‘You can’t…
    Terry Stoops, November 3, 2011
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    Hanson examines the ‘fat-cat few’

    Since the president and his allies have taken to blasting “fat cats at the top” while the occupiers rail against the “1 percent,” Victor Davis Hanson devotes his latest National Review Online column to exploring the lives of those who “occupy” that dreaded class.
    Mitch Kokai, November 3, 2011
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    New report on teacher pay

    In Assessing the Compensation of Public-School Teachers, Jason Richwine and Andrew Biggs conclude that “public-school teacher salaries are comparable to those paid to similarly skilled private sector workers, but that more generous fringe benefits for public-school teachers, including greater job security, make total compensation 52 percent greater than fair…
    Terry Stoops, November 2, 2011
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    Jobs’ failures helped pave the way for his successes

    The latest TIME reminds us that Steve Jobs was able to become a great success after he switched gears from his economic failures: We forget now how early and how spectacularly Jobs succeeded–when Apple went public in 1980, Jobs netted $256 million–and also how…
    Mitch Kokai, November 2, 2011
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    Politicians and central banks keeping us in ‘perpetual party mode’

    In his latest Ideas Matter update, Max Borders focuses on a vexing question: What’s the best way to explain to people that recessions are good for us? Johan Norberg says, we have gone on too long confusing the symptoms with the pathology. Actually, he…
    Mitch Kokai, November 2, 2011