The latest federal data show about 45,600 Ph.Ds were awarded in 2005-2006, 5.1 percent higher than the year before. It was the fourth straight increase and tied for the highest percentage gain since 1971
Gomory is President of the Alfred P. Sloan Foundation and Baumol is Director, C.V. Starr Center for Applied Economics. Through mathematics and general conceptual overview, Gomory, Baumol show the difference between classical economics and today's complex and modern economies. This text also highlights scenarios where global trade isn't necessarily a "non zero sum game". An excellent primer on global trade theory.
Have you ever noticed that the only attention Americans get from this administration is when they stop shopping?
Bush announced a $145B Economic Stimulus plan that is in the form of tax rebates. He wants to put a whopping $800 dollars into the pocket of every single tax paying American.
Even Bruce Barltett, a former Bush administration member, said:
Carlini's Commentary writes about the predictions for the 2008 economy. This is particularly interesting for he is talking about the foreign investments plus the constant drive to (and consequences of) pushing technology, expertise offshore.
Brave New Films has released a new film, War On Greed. It's about the type Private Equity firms, focus on Henry Kravis, which takeover a public company and produce pretty much nothing but wealth for themselves. Note Kravis is supporting John McCain
Consumer prices rose by 4.1 percent for all of 2007, up sharply from a 2.5 percent increase in 2006, the Labor Department said Wednesday. Consumers felt the pain when they filled up their gas tanks or shopped for groceries. Prices for both energy and food shot up by the largest amount since 1990.
In a second report, the Federal Reserve said that output at the nation's factories, mines and utilities showed no growth in December, adding to a string of weak economic reports showing that the economy was slowing at the end of last year.
The Supreme Court on Tuesday ruled against investors seeking to sue businesses for scheming to manipulate stock prices of publicly traded companies.
In a 5-3 ruling, the court gave a measure of protection from securities suits to suppliers, banks, accountants and law firms that do business with corporations engaging in securities fraud.
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