A little more than a generation ago, a stealthy revolution swept America. It was a dual changing of the guard: Two tribes, two attitudes, two approaches to a good society were simultaneously displaced by upstart rivals. In the world of business, the manufacturing bosses gave way to Wall Street dealmakers, bent on breaking up their…
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In a House hearing on monetary policy last week, Federal Reserve Chair Jerome Powell made a telling confession in response to a question from Rep. Alexandria Ocasio-Cortez (D-NY). The topic was the so-called natural rate of unemployment: the idea, believed by many economists and policymakers, that there is a rate at which unemployment could get so low…
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A survey of the science knowledge and attitudes toward science of nearly 10000 undergraduates at a large public university over a 20-year period included several questions addressing student beliefs in astrology and other forms of pseudoscience. The results from our data reveal that a large majority of students (78%) considered astrology “very” or “sort of”…
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“Forecasting: the attempt to predict the unknowable by measuring the irrelevant; this task employs most people on Wall Street.” (Brilliant description – wish I had thought of it) The words of Jason Zweig, author of the Devil’s Financial Dictionary, are particularly apt at this time of year. We hear a lot from financial forecasters every…
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If you have ever wondered why the world is like it is consider the image below which is a snip of an email I received this morning. Apparently in their largess the UN has decided to give me $7.5M if I send them $12,000. Intriguingly scams like this are like any other business, you wouldn’t…
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Yet there is never a shortage of them of offering their opinion. Surely at some stage you would just give up and admit you were crap. President Trump likes to brag about the supposedly booming economy. So do other Republican politicians. Some journalists have gotten into the habit too, exaggerating the strength of the economic…
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A new study has found more than 250 people have died in pursuit of a perfect selfie. The study published by the Journal of Family Medicine and Primary Care journal (and republished by the National Library of Medicine in the States) looks into how many of us social media obsessed plebs are dying for the ‘gram. Led by…
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This is a warning for sensitive types – this is one of my rants. So I am sitting here in day oncology at my local hospital and I have been busy typing away and generally ignoring people which is the best way to pass the time. However, due to the nature of such places you…
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An updated chart from @JBoorman
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