October 2007

How Important Will Plug-in Hybrids Be?

Lynne Kiesling To answer my own question: dunno. But the technology has a lot of promise. The Wikipedia entry on plug-in hybrid vehicles” is a thorough and well-cited background on the technology and its potential. In particular, of course, I am interested in the vehicle’s intersection with the electric power network: PHEVs and fully electric …

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Blogger Vanity Posting

Michael Giberson From the Economist‘s Free Exchange blog, on blogging: [W]e should expect those with strong resumés but lackluster ideas to abstain from extensive blogging, while those whose critical and analytical skills run ahead of the experience and education categories on their CVs should embrace blogging as a means to signal their exceptional fitness. We …

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Zitzewitz Asks: Is Sports Betting Legal if You Bundle It with Furniture?

Michael Giberson At Midas Oracle, Eric Zitzewitz asks, “Is sports betting legal if you bundle it with furniture?” A furniture retailer in Boston offered furniture that would be free to customers purchasing a mattress, dining table, sofa, or bed between March 7 and April 16, if it turned out that the Red Sox won the …

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California Fires

Lynne Kiesling My best wishes and good vibes to those in the fire zone in California. I hope the winds calm down soon. The thing that really disgusts me is that three of the San Diego fires were set intentionally by an arsonist. What kind of sick person does that?

Airlines Prefer Customers Take Delay Risks Rather Than Face Market Mechanisms to Allocate Capacity at Jfk, Other Congested Airports

Michael Giberson A New York Times article reports on negotiations initiated by the U.S. Department of Transportation seeking to get airlines to voluntarily give up landing slots at Kennedy Airport, one of the nation’s most congested airports. (Many other stories on this topic are available.) After a pep talk by the secretary of transportation, Mary …

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News Story Blames Inadequate Regulation for Excess Commodity Speculation, Trading Losses, Higher Energy Bills

Michael Giberson The Sunday Washington Post carried a front page story on the “slight oversight” of energy trading. Here’s the lede: One year ago, a 32-year-old trader at a giant hedge fund named Amaranth held huge sway over the price the country paid for natural gas. Trading on unregulated commodity exchanges, he made risky bets …

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The Nobel Prize in Economics and the Usual Less Than Noble Complaints

Michael Giberson It happens every year. The Nobel prize in economics is announced, the prize winner is delighted, as are his colleagues, his department, his university, newspaper articles get written and published. And then, before the papers hit the recycling bin, the complaints begin. This year the New York Times captures some of the complaints …

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Arnold Kling Imagines

Michael Giberson Arnold Kling writes, “After reading his book One Economics, Many Recipes, I keep imagining myself debating Dani Rodrik…and losing.” Among other things, Kling suggests Rodrik offers “industrial policy with an Austrian slant” — he quotes Rodrik’s book as saying “the right way of thinking of industrial policy is as a discovery process–one where …

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