A very happy new year to everyone! Here are some readings to ring in the new year...
Economics & Finance
- Bill at Calculated Risk: Private Investment and the Business Cycle; Vehicle Miles Driven Decline: A possible contributing factor; Labor Force Participation: The Kids are Alright Part 2 [Bill also provides a helpful how-to link on "How do you put recession bars on graphs using Excel?"]
- Yves Smith at Naked Capitalism: Global Savings Glut or Global Banking Glut?
- Christina Romer in the NYT: A Financial Crisis Needn’t Be a Noose
- Richard Peach, Josiah Bethards and Joseph Song at Liberty Street Economics: Labor Force Exits Are Complicating Unemployment Rate Forecasts
- David Cay Johnston at Reuters: The corporations that occupy Congress; Where's the fraud, Mr. President?
- Menzie Chinn at Econbrowser: Regulatory Uncertainty, Macro Policy Uncertainty, and Demand
- Dave Altig at Macroblog: Uncertainty about uncertainty; Maybe this time was at least a little different? (regarding the failure of economic forecasting)
- Tara Sinclar at Econbrowser: Guest Contribution: US Federal Regulatory Budget and Macroeconomic Outcomes: What Do We Know?
- Cardiff Garcia at FT Alphaville: 'Tis the Seasonality, Hold the Jolly
- Barry Ritholtz at The Big Picture: Clouded Title - The Gross Illegality of MERS
- TaxProf Blog: CRS on Income Inequality (via)
- Mark Thoma at Economist's View: Peddling a False Narrative on the Financial Crisis
- Zsolt Darvas: A Tale of Three Countries: Recovery After Banking Crisis [focus on Iceland, Ireland and Latvia, via]
- Paul Krugman ay NYT: Debt and Growth in the G7
- David Romer: What Have We Learned about Fiscal Policy from the Crisis? (via)
- Bruce Bartlett in Economix at NYT: Cutting the Corporate Tax Rate Is No Economic Panacea
- Jake at Econompicdata: Consumers Don't Care About Savings Rates
- Louis Uchitelle in the NYT: Factory Jobs Gain, But Wages Retreat (via)
- Dean Baker in CEPR's Beat The Press: Robert Samuelson, Wrong Again
- Uneasy Money: Which Fed Policy is Boosting Stocks? (includes an interesting look at the link between inflation expectations and S&P 500 returns)
- Michael Panzner at Financial Armageddon: Buzzing Again (topic: "Heightened speculation about economic recovery...doesn't mean it will happen")
- Derek Thompson in The Atlantic: It's Beginning to Look a Lot Like 2009 in India (via)
Energy & Environment, Food Security, Climate Change
- Barry Ritholtz at The Big Picture: End of Corn Ethanol?
- Steven Sherwood in Physics Today: Science controversies past and present (via)
- Tom Smerling at Skeptical Science: A thoughtful conservative perspective on climate
Healthcare and Education
- Barry Ritholtz at The Big Picture: Why Americans Pay So Much for Brand Name Drugs
- This is an old link but I came across it today - Alex Tabarrok at Marginal Revolution: The Small Schools Myth
- Cardiff Garcia at FT Alphaville: Immigration economics and “dirty jobs”, plus a Q&A with Giovanni Peri
Business & Innovation
- Jared Bernstein at On The Economy: US Manufacturing Competitiveness in Global Trade
- Steve Denning at Forbes: To Fearless Change in Management! 2011 Highlights
- Avichal Garg in Avichal's Blog: Focus on building 10x teams, not on hiring 10x developers (via a Vinod Khosla tweet)
- Hans Villarica at The Atlantic: Study of the Day: Employees With Flexible Work Hours Are Healthier (via)
- Felix Salmon at Reuters: A Tale of Two Retailers (compares Sears and Apple)
And finally, via Business Insider, some good advice from Mark Cuban when he says in his new book "How to Win - At The Sport of Business" that "In sports, the only thing a player can truly control is effort. The same applies to business. The only thing any entrepreneur, salesperson or anyone in any position can control is their effort." Another piece of good advice from his blog "Blog Maverick": "You Don't Live in the World you are Born Into".
That's it for this New Year's weekend.