Economy
Anne Applebaum, writing about airport security, also touches on cost-benefit risk analysis. By their own account, federal screeners have intercepted “7 million prohibited items.” But of that number, only 600 were firearms. So, according to the calculations of economist Veronique de Rugy, 99.9 percent of intercepted items were nail scissors, cigarette lighters, penknives and the…
Greg Wallace at What Attitude Problem? highlights this week’s news on General Motors, building on the news previously highlighted here on this blogsite. First, a Washington Post article states: General Motors Corp., the world’s biggest automaker, has offered buyout and early retirement packages to some of its nonunion, salaried workforce in North America as the…
The overall economic cost structure of the American airline industry is pathetically unsustainable. This is not news; the elephant has been sitting in the room for years now but most everyone has refused to acknowledge its presence.
In my last post, I began the process of trying to seperate fact from hyperbole in an attempt to begin to understand the real issues surrounding building or expanding an LNG storage facility in Rhode Island or somewhere on Narragansett Bay. From that post I concluded that the central issue was safety and that it…
The most recent issue of The National Interest contains an article by Peter Drucker entitled “Trading Places” which discusses international economic trends: The new world economy is fundamentally different from that of the fifty years following World War II. The United States may well remain the political and military leader for decades to come. It…