Showing posts with label News. Show all posts
Showing posts with label News. Show all posts

Tuesday, January 5, 2010

Women in the Workplace

"Motherhood, not sexism, is the issue: in America, childless women earn almost as much as men, but mothers earn significantly less. And those mothers’ relative poverty also disadvantages their children."

"Women have certainly performed better over the past decade than men. In the European Union women have filled 6m of the 8m new jobs created since 2000. In America three out of four people thrown out of work since the “mancession” began have been male. And the shift towards women is likely to continue: by 2011 there will be 2.6m more female than male university students in America"

The article below is the cover story from this week's Economist. I read it on my way lunch break today and it brought up a lot of topics and ideas I've been mulling over in my head.

One of the broadest and most important topics I've been thinking about over the past few months is when should the government intervene or regulate. One of the most reliable ways for me to determine if someone is generally conservative or liberal is for me to ask: do you believe the government can do more good than harm when it intervenes in a variety of situations? I've been thinking a lot about this question as I think about health care reform, combating climate change, or whether or not I want to devote my career to studying, teaching and doing public policy. I believe that government regulation and intervention can do considerable damage (just look at California right now) but I think that in certain situations it is necessary and desirable. If I didn't believe that, I wouldn't be planning on going to grad school for public policy.

I believe the Economist is correct here in saying that promoting equality between men and women in the workforce is NOT one of those situations that could be improved by large-scale government intervention (especially if it involves quotas and affirmative-action). Women have made impressive leaps and bounds with little government help. I do agree, however, that some improvements can be made to encourage equality.

One idea that I've thought about for about 4 years now is extending the length of the school day. It's no secret that our K-12 system is embarrassing, especially considering our relative wealth and the quality of our higher education. Lengthening the school day is just one of many reforms that is necessary to improve our schools.

My friend Aaron J. is reading Greenspan's memoir and we were just discussing the other day about how our economy needs to move away from manufacturing and towards innovation, which means more math and science skills. This is basically what Friedman is always talking about when promoting his book Hot, Flat, and Crowded. In addition to making our students better educated, a longer school day will also ease the burden on households where both parents work (which has slowly become the standard to maintain our level of prosperity in this country). Another key part of the reform to make the longer school day possible and to get good math and science teachers: we need to pay our teachers considerably more.
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We did it! The rich world’s quiet revolution: women are gradually taking over the workplace

AT A time when the world is short of causes for celebration, here is a candidate: within the next few months women will cross the 50% threshold and become the majority of the American workforce. Women already make up the majority of university graduates in the OECD countries and the majority of professional workers in several rich countries, including the United States. Women run many of the world’s great companies, from PepsiCo in America to Areva in France.

Women’s economic empowerment is arguably the biggest social change of our times. Just a generation ago, women were largely confined to repetitive, menial jobs. They were routinely subjected to casual sexism and were expected to abandon their careers when they married and had children. Today they are running some of the organisations that once treated them as second-class citizens. Millions of women have been given more control over their own lives. And millions of brains have been put to more productive use. Societies that try to resist this trend—most notably the Arab countries, but also Japan and some southern European countries—will pay a heavy price in the form of wasted talent and frustrated citizens.

Men have, by and large, welcomed women’s invasion of the workplace. Yet even the most positive changes can be incomplete or unsatisfactory. This particular advance comes with two stings. The first is that women are still under-represented at the top of companies. Only 2% of the bosses of America’s largest companies and 5% of their peers in Britain are women. They are also paid significantly less than men on average. The second is that juggling work and child-rearing is difficult. Middle-class couples routinely complain that they have too little time for their children. But the biggest losers are poor children—particularly in places like America and Britain that have combined high levels of female participation in the labour force with a reluctance to spend public money on child care.

Dealing with the juggle

These two problems are closely related. Many women feel they have to choose between their children and their careers. Women who prosper in high-pressure companies during their 20s drop out in dramatic numbers in their 30s and then find it almost impossible to regain their earlier momentum. Less-skilled women are trapped in poorly paid jobs with hand-to-mouth child-care arrangements. Motherhood, not sexism, is the issue: in America, childless women earn almost as much as men, but mothers earn significantly less. And those mothers’ relative poverty also disadvantages their children.

Demand for female brains is helping to alleviate some of these problems. Even if some of the new theories about warm-hearted women making inherently superior workers are bunk (see article), several trends favour the more educated sex, including the “war for talent” and the growing flexibility of the workplace. Law firms, consultancies and banks are rethinking their “up or out” promotion systems because they are losing so many able women. More than 90% of companies in Germany and Sweden allow flexible working. And new technology is making it easier to redesign work in all sorts of family-friendly ways.

Women have certainly performed better over the past decade than men. In the European Union women have filled 6m of the 8m new jobs created since 2000. In America three out of four people thrown out of work since the “mancession” began have been male. And the shift towards women is likely to continue: by 2011 there will be 2.6m more female than male university students in America.

The light hand of the state

All this argues, mostly, for letting the market do the work. That has not stopped calls for hefty state intervention of the Scandinavian sort. Norway has used threats of quotas to dramatic effect. Some 40% of the legislators there are women. All the Scandinavian countries provide plenty of state-financed nurseries. They have the highest levels of female employment in the world and far fewer of the social problems that plague Britain and America. Surely, comes the argument, there is a way to speed up the revolution—and improve the tough lives of many working women and their children?

If that means massive intervention, in the shape of affirmative-action programmes and across-the-board benefits for parents of all sorts, the answer is no. To begin with, promoting people on the basis of their sex is illiberal and unfair, and stigmatises its beneficiaries. And there are practical problems. Lengthy periods of paid maternity leave can put firms off hiring women, which helps explain why most Swedish women work in the public sector and Sweden has a lower proportion of women in management than America does.

But there are plenty of cheaper, subtler ways in which governments can make life easier for women. Welfare states were designed when most women stayed at home. They need to change the way they operate. German schools, for instance, close at midday. American schools shut down for two months in the summer. These things can be changed without huge cost. Some popular American charter schools now offer longer school days and shorter summer holidays. And, without going to Scandinavian lengths, America could invest more in its children: it spends a lower share of its GDP on public child-care than almost any other rich country, and is the only rich country that refuses to provide mothers with paid maternity leave. Barack Obama needs to measure up to his campaign rhetoric about “real family values”.

Still, these nagging problems should not overshadow the dramatic progress that women have made in recent decades. During the second world war, when America’s menfolk were off at the front, the government had to summon up the image of Rosie the Riveter, with her flexed muscle and “We Can Do It” slogan, to encourage women into the workforce. Today women are marching into the workplace in ever larger numbers and taking a sledgehammer to the remaining glass ceilings.

Friday, December 18, 2009

Round-Up: Friday, Dec. 18

Listen:


Download: Top free iPhone apps (I just downloaded a majority of these and have been testing them the past couple of days)

Read: Quick and dirty summary of arguments around the health care bill. 538 really is "politics done right." Not a bad primer if you haven't been following it too closely.

Relax: ABC7 News Story on Leisure World (OC, near my hometown) that are using the medical marijuana laws the way they were intended.

Laugh: 4 webcomics - Mexico, Tiger Woods, Slinky, Facebook Reconnect

Watch:

Wednesday, December 16, 2009

Random Web Offerings

Eat: A $750 cupcake you can buy in Las Vegas.

Improve Your Computer Performance: Top 10 Tiny and Awesome Windows Utilities

Switch to Google Chrome: I've been using Google Chrome since it was first released and I still think its by far the best web browser. Google Chrome now supports extensions, see check out a list of the top 10 Google Chrome extensions.

Listen: NPR's The Year in Music, 2009

Exercise: Read about why you may be more likely to get sick when you are relaxing during the holidays and why exercise might be the key to not getting sick again this holiday.

Watch:

Wednesday, November 25, 2009

Must Read on Health Care

I consider this article from the Economist's Democracy in America blog on our health care system required reading among my friends.

It is easy to get caught up in the politics and horse-trading of the current health care debate. Sometimes I force myself to take a step back and look at the big picture. The inclusion of the public option, covering the uninsured, federal funding of abortions... these are all important topics. But the most important issue in reforming our health care system is slowing the growth of health care expenditures. We spend too much in this country on health care (and the military). The public option and requiring or providing health insurance to all may be useful tools in reducing costs, but it is going to be necessary for our country to hold an honest and painful debate on end-of-life-care and our priorities. The current system is unsustainable.

"For one thing, it means that Medicare spent $50 billion last year to care for patients in the last two months of their lives. As "60 Minutes" pointed out on Sunday, "that's more than the budget of the Department of Homeland Security or the Department of Education." It means we give liver transplants to the terminally ill, defibrillators to those with untreatable cancer. It means we use lots of money and resources, as if we have an endless supply of both, in order to briefly delay the reaper, or avoid looking him in the eye."

"...We condemn 'rationing' as if we don't already do it."

"For example, instead of buying some of those defibrillators and paying for some of those transplants, we could computerise America's medical records. At this time, someone holding up a placard might accuse me of "killing grandma". In reality, though, my decision would save many more grandmas—a study found that between 2002 and 2004 nearly a quarter of Medicaid beneficiaries died due to safety incidents, many of which were likely preventable with better record keeping. But improving record keeping doesn't quite have the emotional appeal of caring for the elderly. So we give grandma her procedure, whatever it may be, while ignoring the fact that more money spent in one place means less money spent in another. Ignoring that every excessive procedure comes with a cost, in terms of the nation's overall health."


Bonus reading: Ebert's funny review of Twilight: New Moon

Tuesday, November 17, 2009

Captain EO!

I've never been a big Michael Jackson fan. I respect him as an artist, but I wasn't exactly caught up in the hysteria around his death (I guess I mean emotionally, since I was physically caught up in it since I was in Westwood during the commotion).

But, as one to always see the silver lining, I am excited that his death might bring one good thing: rumor has it that Captain EO might return to Disneyland. It was always my favorite attraction at Disneyland, and I was sad when it left. It was Michael doing what he does best, and with the help of George Lucas and Francis Ford Coppola, it was quite the accomplishment for something that was released the year I was born (1986).



Thursday, August 20, 2009

Why AT&T Killed Google Voice


Great article in the Wall Street Journal on telecommunications and proposals for a national communications policy.

Wednesday, August 5, 2009

Disappointing News

I haven't blogged in awhile, but I really have no excuse now that I am working 12-hour shifts in the computer labs. In addition to spending lots of time looking for jobs, cars, and apartments, I've been making my way through my ever-expanding Google Reader. Two pieces of news that have kind of bummed me out this week:

1. Westwood's cinema culture is dying. The Mann National has already been demolished and the Mann Westwood 4 and Mann Plaza theaters are long gone. This week it was announced that the Mann Festival is closing. This wasn't too disappointing since I wasn't a big fan of the Festival, but what did devastate me is the news that Mann won't be renewing its leases of the Village and Bruin.

The Village is one of my absolute favorite movie theaters and my favorite landmark in Westwood. Additionally, the Majestic Crest on Westwood Boulevard is also for sale. I can't imagine Westwood without the premieres and wonderful single-screen theaters. I refuse to go to the terrible AMC 4 and go out of my way to avoid the Landmark Regent. I hope another operator takes over the Village and Bruin because Westwood just won't ever be the same without them.

2. The story is still developing but LAPD Chief Bratton is stepping down today. While studying crime policy at UCLA, I came to really admire Bratton's intelligent and innovative approaches to law enforcement. His introduction of the Compstat system in New York to better track crimes and holding precinct commanders accountable as well as his willingness to act on the Broken Windows Theory are both important moments in modern policing. He is moving on to the private sector in October and will be missed.

Tuesday, June 30, 2009

When Political Aides Attack!

The fall of John Edwards has been an interesting story to follow. I tend to be quite disinterested when it comes to news of political infidelities. If there is hypocrisy involved, I pay a little more attention but still don't really care that much. However, the John Edwards story just keeps getting more interesting.

The part I find most interesting is that John Edwards still ran for the Democratic nomination in 2008 despite knowing that if he got the nomination and news of his affair with Rielle Hunter became public, it would do long-term damage to the Democratic party. If I was an Edwards donor, I would have been so pissed. I've also been curious about the strange book tour Elizabeth Edwards went on, but that's another story.

As much as I like to think that I'm above following stories that sound like they are straight out of a tabloid, sometimes I succumb. Guilty pleasure of the week: reading about Former Edwards Aide Andrew Young allegations in a proposal for a rare tell-all book.

Highlights:
  • Edwards made a sex tape with Hunter
  • "Hunter and Edwards talked of marriage should Elizabeth, who suffers from incurable cancer, die and that the former North Carolina senator was promised by Barack Obama the Attorney General's office"
  • Elizabeth Edwards accuses Young of stealing her late son's baseball card collection
  • Edwards convinced Young to claim responsibility for being the father of Edwards illegitimate son with Hunter
  • Obama promised to make Edwards Attorney General if he wasn't picked as his running mate

Monday, June 29, 2009

Energy & Health Care: Use Less

One thing I've been working on lately is trying to figure out which public policy issues I am most passionate about. It's impossible to be an expert on all issues, and it would be easier for me to have a successful career if I dive into only one or two issues (and leave the rest for extra-curricular enjoyment).

Crime, international relations, national security, and transportation are just some of the issues that I've been passionate about at one time (not sure if I've actually stopped with any of them actually). Two more recent issues I've been researching are environmental policy and health care reform. I just came across an article by TIME attempting to link the two. It's so simple, but I just really liked the headline: "The Key to Fixing Health Care and Energy: Use Less"

A key passage:

"In medicine, the idea would be to reward quality rather than quantity, to give providers incentives to keep us healthy and reduce unnecessary treatments, to encourage doctors and hospitals to promote a culture of low-cost, high-quality care. One reason the Mayo Clinic already provides low-cost, high-quality care is that it keeps its doctors on salary, insulating them from fee-for-service inducements to overserve; unfortunately, Mayo is hemorrhaging cash on its Medicare patients, because the current system penalizes responsibly conservative care.

Doctors don't get paid for thinking about a case or returning a phone call or explaining why an MRI isn't necessary; hospitals don't get paid when their discharged patients don't have to go back to the hospital. Our goal for our health-care system is not more tests or more doctor's visits or longer stays in the hospital — it's better health. But that's not what gets paid for, so that's not what we get."

Tuesday, May 19, 2009

Election Day: Choosing the Least Painful Option

I was one of about 60 people in Dykstra/De Neve that went to the polls today. After a couple weeks of reading about the measures, some soul searching, and using what I've learned in my current class on California ballot propositions, I headed to the polls. I held my nose as I tried to choose between some pretty ugly choices (this includes the local candidates as well as propositions).

Today there was no feeling of as excitment like when I cast my vote for Obama in November. But I gritted my teeth and made my choices. And it looks like the only one that might pass is the one that is purely symbolic and doesn't really matter: 1F (elected official salaries). I am interested (and scared) to see where we are going to find the money to plug the deficit. Welcome to reality: you can't demand that we spend money on everything you want but refuse to raise taxes to pay for it.

From the LA Times:
"The public's contradictory impulses were laid bare by a recent Field Poll. It found that voters oppose cutbacks in 10 of 12 major categories of state spending, including the biggest, education and healthcare. Yet most voters were unwilling to have their own taxes increased, and they overwhelmingly favored keeping the two-thirds requirement for tax hikes."

Saturday, May 2, 2009

Joel Stein's Take on the Time 100

I'm kind of a nerd and a fan of lists, but even if you don't like random lists, you should really check out Joel Stein Ranking the TIME 100. See why he thinks some people on the list were important and others were not. Some highlights:

7. Zac Efron: I interviewed you over coffee and though you didn't say anything that changed my life, I do go to that coffee place now when I'm in the Valley. Aroma has a killer chocolate chip bread pudding!

11. Jay Leno: I was at your show in the dressing room with Ron Paul when another guest, Tom Cruise, came in to thank Paul for some piece of legislation about psychology or something. Cruise left and Paul asked who that guy was. Awesome.

15. Paul Kagame: Ending Rwandan genocide, even for a little while, means I get to stop listening to celebrities talk about Rwandan genocide, even if just for a little while.

17. Nicolas Sarkozy: When Jacques Chirac was President of France, I don't remember seeing one photo of his wife. Now I get my fill of hot French lady photos every week. Merci beaucoup!

27. Sarah Palin: Holy crap that was funny.

29. Chesley "Sully" Sullenberger: You made me pay attention to the part about "in case of a water landing." I always ignore that part, figuring we had no chance.

34. Ted Turner: He created CNN Headline News, which paid me to talk during the inauguration. Guess who watches CNN Headline News instead of CNN during the inauguration? Because I can't

35. The View Ladies: You give wings to the misogyny buried inside of me.

49. Carlos Slim: When the world's third richest person is Mexican, you feel bad about yourself as a Jew.

52. Bernie Madoff: Not good for us Jews

55. Tom Dart: As sheriff in some part of Illinois, he's shutting down prostitution on Craigslist. I've never used Craigslist, but as I get older, I like to know it's there. Just in case.

79. Dan & Sam Houser: I don't play Grand Theft Auto — not because I'm morally opposed, but because it's too confusing for me. It's actually easier to kill a hooker in real life.

84. Norah al-Faiz: Saudi Arabian feminist? You sound as influential as the vegan who works at KFC.

85. Suraya Pakzad: A feminist in Afghanistan? See number 84

92. Doug Melton: You've been on this list twice, and still no one has heard of you. Perhaps this influential list isn't very influential.

90. Manny Pacquiao: Pound for pound the best boxer in the world? That would be awesome if it were 1954. But in 2009, that's right below pound for pound the best Guitar Hero player in the world.

93. Alexander Medvedev: You run Russia. Sure you do.

94. Angela Merkel: Not only don't I live in Germany, but my entire race left there 60 years ago. Do whatever you like, lady, no big deal to me.

98. Robin Chase: Really? Zipcars? You can get on this list for creating something everyone talks about but no one uses? Is the person who invented the dental dam on this list too?

99. Shai Agassi: You work on green transportation. I live in Los Angeles.

Wednesday, April 22, 2009

Political Food for Thought

Discussion at FiveThirtyEight about the future of the Republican party: "Are Republicans turning into libertarians?"
"Of the roughly four different pathways the Republicans could take in the post-Obama universe -- toward Ron Paulesque libertarianism, toward Sarah Palinesque cultural populism, toward Mike Huckabeesque big-government conservatism, or toward Olympia Snowesque moderation/ good-governmentism -- the libertarian side would seem to have had the best go of things in the First 100 Days."

I've only recently started following Olympia Snowe, but I'm turning into a fan. I have a hard time taking Ron Paul or Sarah Palin seriously, and I've never liked anything about Huckabee. What do you think the near future holds for the Republican Party?

Monday, March 30, 2009

Random News Round-up

Local News: California is considering banning black cars to reduce carbon emissions. Interesting idea.

Absurd News: Residents’ associations in the UK are installing pink lighting to highlight teenagers’ acne in order drive them away from the area

Useful News: How to Fake a Clean House

Entertainment: Green Day + The Guy Who Wrote "Spring Awakening" = American Idiot the Musical. I don't have a good feeling about this.

Office News: My love for Manchester Orchestra knows no bounds. If that's not a good enough reason to check them out, then how about this: Rainn Wilson loves Manchester Orchestra.

Personal News: Teaching my first class went well today. It was a lot of fun, even though I was bummed there was no projector so my powerpoint was for nothing.

Marketing News: Asher Roth of "I Love College" fame is going to have the first 1,000-5,000 copies of his debut album wrapped in clear joint paper, so you can smoke it.


Celebrity News: Weird facts about Nic Cage if you are interested

Monday, March 9, 2009

A Video Game and a Music Video















There is a Japanese video game called RapeLay. It is simply a "rape simulator." Horrifying and fascinating (once you read about the cultural backdrop in Japan). Ok, mostly just horrifying and saddening. Read about the game if you are so inclined. I hope my friend Anna is being careful on those trains!

A sad story must be balanced with something awesome. Enjoy the new Manchester Orchestra music video that was just released less than half an hour ago.

Manchester Orchestra - The Only One

Friday, February 27, 2009

NYU Protests

I recently came across an interesting article about protests at NYU and wanted to share it with my friends Andrey and Aaron. After sending this article that leads with a large NSFW picture to Aaron and my boss instead of Andrey, I learned my lesson to not be so quick to let google autocomplete my typing. Oops.

After a quick apology to my boss, I got a great response from him explaining his original "WTF?" reaction but his ultimate understanding. Then I sent it to Andrey as planned and got a classic response from him: 

"Getting naked to support islamic fundamentalist terrorists is like holding a bonfire to support Australia's wildfire victims... it makes no sense and I don't support them...P.S. I call the brunette"

I can always count on Andrey for a great response, followed by a serious conversation. This time it was about the lack of activism on UCLA's campus and the merits of Undie Run. I'd love to hear additional thoughts.

Wednesday, February 11, 2009

Twitter

I've been interested about the role of Twitter in politics for a bit now. Whether it's stories about Congressmen twitting while meeting with President Obama or giving away their exact location in real time during secret trips to Iraq, I find it an exciting time to see Congressmen experiment with being hip and responsive. This latest story really gave me a chuckle:

YESTERDAY morning, Virginia politicos caught wind of a rumour that one of the Democrats in the state Senate was about to switch parties. Because the Democrats had a 21-19 majority, that shift would have flipped control over to the Republicans. Then Jeff Frederick, the chairman of the state Republicans picked up his smartphone and sent out a tweet.
Big news out of Senate: Apparently one dem is either switching or leaving the dem caucus. Negotiations for power sharing underway.

And that's how the Democrats found about about the plot. They adjourned business, cornered the rogue senator, and browbeat him out of his big plan."Be authentic on Twitter," texted Patrick Ruffini, a Republican web guru. "But still keep a frickin' secret when you need to."

Sunday, January 18, 2009

The Good with the Bad

I love Google: 14,000 Megapixel Works of Art

And I am losing faith in humanity:

Is this really necessary? Add boob jiggle to any photo on your iphone 

Recommendation: Watch the 1976 movie Network (stream it in better quality on Netflix if you subscribe). Then watch the pilot of Studio 60 on the Sunset Strip. Network is among my favorite films and I love the parallels Aaron Sorkin creates on this episode of Studio 60. 

Tuesday, January 13, 2009

News Update

How to Understand Big Numbers: "But that similarity trips us up when it comes time to imagine how those figures translate to the real world, where three more zeroes make all the difference. "My favorite way to think of it is in terms of seconds," says David Schwartz, a children's book author whose How Much Is A Million? tries to wrap young minds around the concept. "One million seconds comes out to be about 11 and a half days. A billion seconds is 32 years. And a trillion seconds is 32,000 years. I like to say that I have a pretty good idea what I'll be doing a million seconds from now, no idea what I'll be doing a billion seconds from now, and an excellent idea of what I'll be doing a trillion seconds from now." "But that similarity trips us up when it comes time to imagine how those figures translate to the real world, where three more zeroes make all the difference. "My favorite way to think of it is in terms of seconds," says David Schwartz, a children's book author whose How Much Is A Million?

The Economist on Darwinism: Long but great read. Example: 

The murder of children, too, can be explained evolutionarily. On the face of things it makes no sense to kill the vessels carrying your genes into the next generation. And, indeed, that is not what usually happens. But sociologists failed to notice this. It was not until Dr Daly and Dr Wilson began researching the field that it was discovered that a child under five is many times more likely to die an unnatural death in a household with a stepfather present (whether or not that relationship has been formalised by law) than if only biological parents are there.

In this, humans follow a pattern that is widespread in mammals: male hostility to a female’s offspring from previous matings. In some species, such as lions and langurs, this results in deliberate infanticide. In humans things not are always as brutal and explicit. But neglect and a low threshold of irritation at the demands of a dependent non-relative can have the same effect.

Intriguingly, though, if a genetic parent is the killer it is often the mother. Infanticidal mothers are usually young. A young mother has many years of potential reproduction ahead of her. If circumstances do not favour her at the time (perhaps the father has deserted her) the cost to her total reproductive output of bringing up a child may exceed the risk of killing it. Not surprisingly, maternal infanticide is mainly a crime of poor, single women.

What's In the $550 Billion Stimulus Plan

Sunday, December 21, 2008

Economist Round-Up

On my flights from Orange County to Chicago to Providence, I was able to catch up on a few issues of the Economist that started to pile-up because of finals. Here are a few things that I thought others might find interesting:
Must-read: Where Have All Your Savings Gone?

Any American who has diligently put $100 a month into a domestic equity mutual fund for the past ten years will find his pot worth less than he put into it. The Asians’ parsimony made the Anglo-Saxons’ profligacy possible. Through their increasingly sophisticated financial systems, the Americans and British were able to borrow from the thrifty Asians to finance their spending spree. And, because their house prices were rising so fast, they had the collateral and the confidence to do so.


If savers treated financial assets as they do other goods, they would sell them when they are expensive and buy them when they are cheap. Actually, they do the opposite.
The average American scheme member contributes just 7.8% of salary to his pension scheme. His employer, on average, contributes only 4.4%. He has a pot worth only $68,000. A rule of thumb is that total contributions need to be around 20% of wages to match a traditional final-salary scheme. Inadequate savings, badly invested, are a problem for individuals and the economy. Cautious savers are putting their money in banks; banks are reluctant to lend; companies therefore find it hard both to borrow money and to raise equity capital. This timidity hurts companies and, in the long term, savers. Implausible as it may sound, right now equities and corporate bonds are a better long-term bet than cash.

Space Solar Power:



DNA Databases: "Of some 40 states that have their own databases, only California allows permanent storage of DNA profiles of those who are charged but then cleared"


Facebook Connect: "A new button is appearing on some websites. It says “Facebook Connect” and saves visitors from having to fill out yet another tedious registration form, upload another profile picture and memorise another username and password. Instead, visitors can now sign into other sites using their existing identity on Facebook."

I've been talking about this for over a year, but hopefully more studies will convince legislatures to alter their laws. Studies are showing that when people talk on the phone while driving, even hands-free, their driving is impaired. However, reaction times and driving ability are not impaired when talking to a passenger in the car, especially when the passenger can play a role by commenting on surrounding traffic.

Good article about the challenges facing Obama soon when it comes to the environment

One of the most chilling things I've read in awhile is from this article about preventing genocide: "The most upsetting sight was that of small skulls which, unlike the larger ones around them, were mostly incomplete. Babies’ jawbones tend to break off when clubbed."

Special Report on India:

"India has 60m chronically malnourished children. 40% of the world's total." It is also facing a huge demographic crisis. Every year, 14m Indians are being added to the labour market. Half of India's people are under 25 & 40% under 18. An underinvestment in education means most are unskilled and if India cannot find employment for them, then poverty will not be reduced and India will face instability.

Also, India's politics are a little insane to me. The current government was a coalition of about 13 parties. This still wasn't enough for a majority, so they recruited outside support from another 5 parties, including the "Left Front," a coalition of Communist parties. The Communists stopped everything, but they walked out of the government, but the polity is so fragmented that it is hard for them to get anything done.

Speaking of insane, police are having a hard time dealing with the anarcists leading the riots in Greece. The reason: "The anarchists have also exploited a constitutional loophole that bans police from university campuses. As a result, demonstrators can regroup behind barricades at the Athens Polytechnic and pick up fresh supplies of petrol bombs before heading back onto the streets."