What Golf in China Shows About Economic Development

On a ladder of spending in developing economies, growing affluence first means wheat and meat. Then, climbing somewhat higher, people can afford consumer durables like a washing machine and a car. On a Chinese spending ladder, we could add golf. But it is a…

The Impact of World Cup Soccer On Stock Markets

“Amongst all unimportant subjects, football is by far the most  important.” Pope John Paul II (1920-2005) European Central Bank researchers have hypothesized that World Cup Soccer distracts stock market participants. Using data on trading activity during the 2010 games from 15 International…

One Reason That We Need Gender Equity in TV and Film

Our Monday Gender Issue: Citing “gender inertia,” San Diego University professor Martha Lauzen said that: “If you have all white males working behind the scenes in the film industry, you’re going to get a whole lot of white males up…

Brazil’s World Cup To-Do List

Preparing its transportation infrastructure for the 2014 World Cup and the 2016 Olympics, Brazil has one giant to-do list. In the air and on the ground, it has the participants, the officials and the fans that have to be moved around.…

Have We Halved the Deficit?

In the State-of-the-Union, President Obama said, “Our deficits–cut by more than half.” Looking at the federal deficit as a percent of GDP, we can say that the deficit is much lower than 4 years ago. BUT… The deficit was an unusually…

The Cost of Traffic in Fort Lee

Have you ever thought of traffic congestion as a queue? Concerned about congestion on Oscar night, engineers in LA have manipulated traffic to keep the limo queues moving. Before Crash won the Oscar in 2006, street-based observers were calling in with,…