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…
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One Way That the “Poor Beat the Rich”
In just 8 minutes, Hans Rosling shows us that, with child mortality rates, the developing world is making more progress than we might expect. With his captivating “gapminder” approach, he creates a race between Sweden in 1900 and Bangladesh in…
The Trade-Offs of Prolonging Life
From guest blogger, Mariana Do Carmo, student at Yale University. What if prolonging life results in prolonging not only your suffering but also that of others? The recent development of universal health care in the United States will make it…
The Revolution That Grandma Started
The NYC Miss Subways competition was about a lot more than pretty “girls” (as they were called). To become Miss Subways for a month, applicants had to submit a picture to the John Robert Powers Agency. From perhaps 1000 applicants,…
Does Your Barista Do a Repeatable Routine?
Starbucks calls it “transactions per hour” but from our perspective, it’s waiting in line. Researchers say that it takes only 3 minutes in a queue for us to become impatient. Hoping to show their shorter line time and higher sales,…
Connecting Abigail Adams to Janet Yellen
Reading about “touch generations” in Sam Arbesman’s Wired Magazine blog, I realized that Abigail Adams and Janet Yellen were connected. Different generations touch when one’s birth year coincides with someone else’s death. Born in 1744, Abigail Adams died in 1818, the year that Karl Marx was…
The Green Blog: Why Japan Might Face a Demographic Crisis
By Madeleine Vance, guest blogger and student at Kent Place School. As of late, younger Japanese citizens are choosing to live the single life rather than get married. But why? Seven years ago, Japan’s population climaxed at 128 million, but…
Marrying Up in China
“There is an opinion that A quality guys will find B quality women, B quality guys will find C quality women, and C quality men will find D quality women…The people left are A quality women and D quality men.” Huang Yuanyuan, commenting on marriage in China…
Happy Birthday to a Great Father (of our economy)
When you sing happy birthday to Alexander Hamilton today, please just think of this upward sloping (logarithmic) economic growth line: Today, 257–or maybe 259–years ago (no one is positive) on the Caribbean island of Nevis, Alexander Hamilton was born. Only…
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,…