Sunday, September 26, 2021

Real World Economics: Public safety is a public good – Twin Cities

In St. Paul, spending on police versus other measures that might reduce crime is an ever-contentious issue in Mayor Melvin Carter's budgets. Ramsey County Sheriff Bob Fletcher has been sparring with county's commissioners over his budget since December.

All this falls into "public finance." But these specific local problems serve to exemplify general economic principles that show up everywhere sooner or later.

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Publisher: Twin Cities
Date: 2021-09-26T02:10:03 00:00
Twitter: @pioneerpress
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The old economics of new agriculture: drive or be driven

A recent, number-laden bulletin posted on the University of Illinois website farmdoc daily caught my attention for two reasons.

For example, notes the report, the amount of land farmed in the U.S. peaked at 1.2 billion acres in 1950. In 2017, land farmed totaled 900 million acres, or "26 percent less."

Publisher: South Bend Tribune
Author: Alan Guebert
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How an economics scholarship kickstarts a dream - The University of Sydney

"Growing up I have always wanted to go to university," he says. "School was enjoyable, and I knew that uni would be even more enjoyable as I would be studying something that I enjoy and would be surrounded by like-minded people."

A recipient of the Sandra Cadwallader Indigenous Economics Scholarship , Jake has been able to pursue his passion for economics in all the ways that matter, alleviating any concerns around financial and tuition support. This has allowed him to dedicate his full focus on excelling in his studies.

Publisher: The University of Sydney
Twitter: @Sydney_Uni
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Guebert: The old economics of new agriculture: drive or be driven | Business | pantagraph.com

A recent, number-laden bulletin posted on the University of Illinois website farmdoc daily caught my attention for two reasons.

For example, notes the report, the amount of land farmed in U.S. farms peaked at 1.2 billion acres in 1950. In 2017, land farmed totaled 900 million acres, or "26% less." The "largest decline in land use category [over that period]… was farm woodlots with a loss of 147 million acres."

Publisher: pantagraph.com
Author: ALAN GUEBERT
Twitter: @pantagraph
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Miami economics professor gets large grant from Gates Foundation - The Miami Student

Miami University's research grant application process can be incredibly competitive and thought-intensive, and small errors can mean a difference of thousands of dollars.

So when Riley Acton, an assistant professor of economics, won $79,000 from the Bill and Melinda Gates Foundation , to say she was pleased in an understatement.

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Publisher: The Miami Student
Twitter: @miamistudent
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'Tax the Rich' Mantra Is Rooted in Sociology, Not Economics | RealClearPolitics

Alexandria Ocasio-Cortez’s  recent Met Gala dress  sparked a renewed conversation on the perceived fairness of “the rich” paying their “fair share” in taxes.

Before going further, we need to consult the facts,  according to the nonpartisan Congressional Budget Office : “In 2018, households in the highest quintile received 55 percent of income before transfers and taxes and  paid 70 percent of federal taxes [emphasis added].

Twitter: @RealClearNews
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Pebble Mine's Economics: Garbage In, Garbage Out | NRDC

Stop the presses! Canadian exploration company Northern Dynasty Minerals—100 percent owner of the widely-condemned Pebble Mine—has issued another press release .

The news? Within 45 days the company intends to issue a Preliminary Economic Assessment ("PEA") supporting its contention that the Pebble Mine will turn a profit.

Publisher: NRDC
Date: 2021-09-23T10:04:31-04:00
Author: Joel Reynolds
Twitter: @nrdc
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COLUMN: The old economics of new agriculture: drive or be driven | Columnists | wcfcourier.com

A recent, number-laden bulletin posted on the University of Illinois website farmdoc daily caught my attention for two reasons.

For example, notes the report, the amount of land farmed on U.S. farms peaked at 1.2 billion acres in 1950. In 2017, land farmed totaled 900 million acres, or "26% less." The "largest decline in land use category [over that period]... was farm woodlots with a loss of 147 million acres."

Publisher: Waterloo Cedar Falls Courier
Author: ALAN GUEBERT
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Economics class: BP service stations close as driver shortage hits UK fuel supplies | Financial

Using a labour market diagram, analyse the effects of the tanker driver shortage on drivers’ equilibrium wage.

In recent days, panic buying has been widespread causing huge traffic congestion close to petrol station forecourts. Evaluate the extent to which consumers are behaving rationally.

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Date: 2021-09-26T10:02:10.460Z
Twitter: @FinancialTimes
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Can 'Good' Economics Coexist with 'Bad' Politics? – The Diplomat

As countries pursue economic reforms, a common objective is also to improve their rankings. One such influential ranking is the World Bank's Doing Business. Yet, just last week, an independent inquiry found that the rankings had been manipulated.

There are other curiosities. For example, for enforcing contracts, Kazakhstan and Uzbekistan – two somewhat unlikely candidates – have ranked 4th and 22nd respectively, significantly ahead of countries like the United Kingdom and United States.

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