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The Wisdom of Chairman Dwight

(August 29, 2014 04:59 PM, by David Henderson) I had lunch yesterday with Richard McKenzie, one of the co-authors of the Econlib Feature Article that will appear Monday. He gave me a copy of a special little paperback he produced of what he calls "Dwightisms." They're actual sayings... (0 COMMENTS)

Hotels: Occupancy up 5%, RevPAR up 11.0% Year-over-Year

From STR: US results for week ending 23 AugustThe U.S. hotel industry recorded positive results in the three key performance measurements during the week of 17-23 August 2014, according to data from STR.In year-over-year measurements, the industry’s occupancy rate rose 5.0 percent to 70.6 percent. Show More Summary

“U.K. Wants EU to Block Russia From SWIFT Banking Network”

From Bloomberg:: The U.K. will press European Union leaders to consider blocking Russian access to the SWIFT banking transaction system under an expansion of sanctions over the conflict in Ukraine, a British government official said....Show More Summary

"Economic Pilot in Reverse": US Consumer Spending Unexpectedly Dips; Zero for 79

Mainstream media headlines in the last two days offer an amusing look at GDP forecasts. GDP Stronger Than Expected Yesterday, the Financial Times reported US Rebound Stronger than First Thought. The US economy’s second quarter bounce...Show More Summary

New warnings for investors about "viral stocks"

Stock pitches capitalizing on news about such diseases as Ebola could be tainted, financial regulators warn

Should You Take Notes By Hand and Read Paper Books?

(August 29, 2014 11:45 AM, by Art Carden) This started as a comment on my post about mandating the teaching of cursive in Tennessee, which got some great comments (as usual; thanks, EconLog readers), but it got long enough that I decided to make it its own post.... (0 COMMENTS)

Google (GOOGL) Eyes the ‘Game of Drones’

Morning Money Memo: Google officially enters the “game of drones.” The tech giant is reportedly testing a drone-based delivery system, dubbed Project Wing. In development by Google X, the company’s advanced-research department, Project Wing would potentially rival the conceptual drone-based system being developed by Amazon....

NYC apartment tower will alter its "poor door"

The building will keep its separate entry for upscale residents, but residents in affordable units will get an upgraded entrance

Wealthy New Yorkers moan over Obama no-fly rule

The president, who is visiting Westchester County at the start of Labor Day weekend, is putting a damper on plans for private air travelers

Small U.S. Cities Prove To Be A Big Draw For Foreign Students

Small cities are among the biggest beneficiaries of a wave of foreign students studying at U.S. universities, according to a Brookings Institution study.

First government-issued digital currency planned

This country's central bank expects the new currency to start circulating in December

Russian fund with U.S. advisers escapes sanctions so far

The $10 billion Russian Direct Investment Fund has American and European private equity executives as advisers

August Consumer Sentiment increases to 82.5

Click on graph for larger image. The final Reuters / University of Michigan consumer sentiment index for August was at 82.5, up from the preliminary reading of 79.2, and up from 81.8 in July.This was above the consensus forecast of 80.3. Show More Summary

Consumers spending slides, while savings rise

Americans spent 0.1 percent less in July than in June, but they socked away more than in any month since December 2012

Don't expect any bargains on beef

The ongoing drought plus rising exports continue to create sticker shock for Americans at the grocery and in restaurants

Inflation Stays Below the Fed’s Target for 27th Straight Month

Consumer prices rose modestly in July, a sign inflation remains in check as the Federal Reserve winds down its bond-buying program.

Balancing the Premiers

Apparently, ten out of ten premiers (13 out of 13 if we count the territories) can agree that Canada is suffering from a “fiscal imbalance” between Ottawa and the provinces. At their annual meetings, which are wrapping up in Charlottetown...


The Social Mobility and Child Poverty Commission this week reminded us of an old fact - that privately educated people are disproportionately represented among top jobs. Why is this? It's not solely because prviate schools give people a better chance...

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