US Steel reopening plant and bringing back jobs: CEO on Trump tariffs

The proposed steel tariff will benefit the steel industry. This is what is seen as a consequence of the steel tariff. What is unseen is the higher prices for goods that use steel, the lower quantity demanded of those goods, and the resulting lost jobs in industries like automobile manufacturing and construction. Bastiat’s “What Is … More US Steel reopening plant and bringing back jobs: CEO on Trump tariffs

BBC News: World’s fishing fleets mapped from orbit

This BBC article on big data and fisheries is fascinating. Using satellite photography, researchers have mapped all of the world’s fisheries by area, finding that fishery area is larger than arable acreage while providing less than 2% of all calories consumed. I also found the conclusion thought-provoking that the patterns reveal larger effects from politics … More BBC News: World’s fishing fleets mapped from orbit

Pencil or peach, either way, a marvel of decentralized coordination

Many of you are probably already familiar with Leonard Read’s famous 1958 story I, Pencil. Told through the eyes of a pencil, it describes the process of producing a pencil and how many people are involved in doing so, but without ever having met or consciously, deliberately set out a plan under the control of … More Pencil or peach, either way, a marvel of decentralized coordination

Google Reader coda: will it become social media?

Lynne Kiesling Apparently I’m not the only one musing on the relationship between social media and RSS readers. Since I wrote the previous post, this Ars Technica post has suggested that Google will fold Reader into Google+. To which I respond: Meh. Too social. Too visual. Not mobile friendly because it uses too much screen … More Google Reader coda: will it become social media?