Economics

Sensible Comments on Blackouts in Queens

Lynne Kiesling There was a blackout in Queens, New York late last week, and some customers are still without power. At City Journal, Nicole Gelinas pins responsibility right where it belongs: political institutions do not have a profit motive for investing in infrastructure: This neglect goes unnoticed when the electricity is actually on. But beginning …

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Profits: Apple and Intel Going Opposite Directions

Lynne Kiesling Earlier this week Apple announced its quarterly profits for Q2; profits increased by 48 percent. Unexpectedly continued strong iPod sales combined with a 61 percent increase in sales of laptop computers. What the WaPo article doesn’t say, but I saw in other places, is that the power and operating system flexibility of the …

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Seminar: Freedom, Tolerance, and Civil Society

Lynne Kiesling The radio silence from yours truly has been due to the concatenation (one of my favorite words) of two events: a project deadline today and my participation as a faculty member in the Institute for Humane Studies seminar Freedom, Tolerance, and Civil Society (note the serial comma, so there, Tom!). I gave three …

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International Football Labor Market: Juventus Fire Sale

Lynne Kiesling The Italilan football league scandal has brought the relegation of the four culprit teams, including Juventus, the best team in the Italian Serie A. If I understand the stipulations of the contracts, this relegation means that players are not obligated to remain with the relegated teams. It is better for their careers for …

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Don’t Like New Power Lines? How About Using Dynamic Retail Pricing Instead?

Lynne Kiesling Today’s New York Times has an article about a possible new transmission project from northern New York southeast into Orange County (registration required). Here’s the deal: for the past decade there has been increasing anxiety about the ability of the existing high-voltage transmission network to support the increasingly distributed commercial transactions that have …

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