Acrobats at the top of Empire State Building, to celebrate its opening

On cheap talk versus revealed preference

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Free to Choose: A Conversation with Milton Friedman (2006)

One of his last public appearances is at the following link

http://fora.tv/2006/05/22/Free_to_Choose_A_Conversation_with_Milton_Friedman#FDE8gAOchORBwhVw.99

Close the Gender Pay Gap, Change the Way We Work

owenzidar

From Claudia Golden:

For all the progress made on women’s rights, one measure of inequality still stands out: Females earn less than males, even in the same occupations. Closing this gender gap will require changing the way employers think about work.

It’s hard to overstate how far women have come in the last century. They are now almost as active in the labor market as men, and equally or even better educated. They account for about half of all law and medical school enrollments, and lead men in fields such as biological sciences, pharmacy and optometry.

Still, women have yet to reach the same level of pay. As of 2010, the annual earnings of the median full-time, full-year female worker stood at 77 percent of the median male’s — up from 56 percent in 1980 but still far from parity. For college graduates, the number was an even lower…

View original post 495 more words

Europe’s investment still in limbo.

Deirdre McCloskey on the false consciousness of the working class in the Age of Enrichment

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This is how babies used to fly on airplanes

https://twitter.com/HistoricalPics/status/537113468965765121

Are you wearing a wire?

One of the oldest dramatic devices in a TV show or movie drama is to have the hero or police spy go into a meeting with the criminal desperados wearing a wire.

There has been zero technological progress in the size of these listening devices ever since I started watching TV.

When undercover agents record conversations., they use a bulky tape recorder strapped around their waists, and wires — connected to a microphone — secured to their chests with an adhesive.

are you wearing a wire?

When the criminals look for the wire, they tear off the shirt of the suspected police spy to look for the wire. They never check his mobile phone.

Today, eavesdropping equipment is sophisticated enough to record high-definition video and sound, and stream it live to a remote computer. Devices no bigger than a pen cap can be slipped into a coat pocket and easily record through the person’s clothing.

Scriptwriters are really going to have to look for a substitute dramatic device. Pretty soon, a large part of the audience simply will not recognise an old-fashioned tape recorder.

Milton Friedman (2006) on China in the 1980s

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Technology IPOs

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