
Macroeconomic effects of Covid-19: a mid-term review
12 Aug 2021 Leave a comment
Phurichai Rungcharoenkitkul of BIS in this paper gives an assessment:
This article provides an interim assessment of the macroeconomic consequences of the Covid-19 pandemic. Estimates suggest a median output loss of about 6.5% in 2020, a gap that is expected to narrow to around 4% of the pre-pandemic trend by the end of 2021. There is however a high dispersion of economic losses across economies, reflecting varying exposures to the pandemic and societies’ responses. High-frequency indicators and epidemiological models provide some insights into the interactions between the evolution of the pandemic and societies’ strategies for combating it, including the role of vaccination. The article draws lessons from experiences thus far and discusses challenges ahead.
In a related voxeu piece, Jean-Charles Bricongne and Baptiste Meunier point to five best policies to fight the pandemic
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Greenpeace Condemns Philippines Approving “Golden Rice”
12 Aug 2021 Leave a comment
Greenpeace recently objected to the Philippine government’s recent approval for the country’s farmers to grow genetically modified golden rice. The rice variant will contain enough Vitamin A and beta-carotene that can feed andmnourish starving children in poverty that lack those vital nutrients.
Greenpeace, on the other hand, has long been involved in campaigns to demonize and slander any form of genetically modified foods. Consequently, people starve or even die because of the group’s opposition to GMO foods that give people the food they need to live. This PBS Newshour report from 2014 gives a very good overview of the controversy.
PHOTO CREDIT: Golden rice as compared to white rice. By International Rice Research Institute (IRRI) – https://www.flickr.com/photos/ricephotos/5516789000/in/set-72157626241604366, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=14908001
Alan Dershowitz reacts to the resignation of Governor Andrew Cuomo
12 Aug 2021 Leave a comment
in discrimination, law and economics Tags: sex discrimination, sexual harrassment
The Turning Political Poll Tide Continues
12 Aug 2021 Leave a comment
The National party is slowly chipping away, rising one or two points every Poll
I have seen the following figures at three different places this morning under three different posters and while it is very definitely possible that they all stem from the same source – in fact I know they do because these figures are said to be Labour internal polling – they are well worth further publication. Date of the poll is not known but I think I read somewhere that the main parties poll weekly so they are probably fairly current and later than the last Roy Morgan and Reid polls.
Labour 38
National 31
ACT 13
Green 8
NZ First 4 – Lazarus stirs again.
No mention of any other parties.
The removal of Winston Churchill from the public area of Parliament Buildings and Mallard sounding off about the Hurricanes owner can only help a worthy cause.
I bet the language on the 9th floor is colourful and I cannot…
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The end of US neutrality? The Lend-Lease Act – WW2 Special Episode
12 Aug 2021 Leave a comment
in defence economics, international economic law, International law, war and peace Tags: World War II
Industry and Empire: From 1750 to the Present Day by Eric Hobsbawm (1968)
12 Aug 2021 Leave a comment
Eric Hobsbawm (1917 to 2012) was one of Britain’s leading Marxist historians. Of Jewish parentage he spent his boyhood in Vienna and Berlin during the rise of the Nazis. With Hitler’s accession to power in 1933, the family moved to Britain in 1933, although his Wikipedia page is at pains to point out that, because his father was originally from London’s East End, he had always had British citizenship. Hobsbawm excelled at school and went to Cambridge where he joined the communist party in 1936.
Twenty-two when the Second World War broke out, Hobsbawm served in the Royal Engineers and the Army Educational Corps, though he was prevented from serving overseas due to his communist beliefs. In 1947 he got his first job as a lecturer in history at Birkbeck College, University of London, the start of a long and very successful career as a historian, which included stints teaching…
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How inequality is basically a race between education and technology..
12 Aug 2021 Leave a comment
A superb interview of Daron Acemoglu of MIT. He picks 5 books on the subject (4 books and one paper actually).
His first pick is a book called The Race between Education and Technology By Claudia Goldin and Lawrence Katz. The books explains how does inequality arise:
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The Unfulfilled Promise of the Anti-Discrimination Laws
11 Aug 2021 Leave a comment
in discrimination, economics of regulation, labour economics, law and economics, Richard Epstein Tags: offsetting behaviour, racial discrimination, sex discrimination, The fatal conceit
Origins of the Holy Roman Empire. Part I.
11 Aug 2021 Leave a comment
From the Emperor’s Desk: I have deleted my original blog entry for the origins of the Holy Roman Empire and will expand on it as a series.
Shortly after the Battle of Austerlitz where the French Army of Emperor Napoleon defeated Austria and Russia, 16 German states joined together in a confederation on July 26, 1806, with the signing the Treaty of the Confederation of the Rhine. The founding members of the confederation were German princes of the Holy Roman Empire. They were later joined by 19 others states, altogether ruling a total of over 15 million subjects.
This Confederation granted a significant strategic advantage to the French Empire on its eastern frontier by providing a separation between France and the two largest German states, Prussia and Austria (which also controlled substantial amounts of non-German lands).
The “Protector of the Confederation” was a hereditary office held by Napoleon, the Emperor…
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Alanis Morissette | “You Oughta Know” [Live on Letterman, 1995]
11 Aug 2021 Leave a comment
in Music, television
UN IPCC : ‘Code Red For Humanity’
11 Aug 2021 Leave a comment

“We’ve got to ride this global warming issue.
Even if the theory of global warming is wrong,
we will be doing the right thing in terms of
economic and environmental policy.“
–TimothyWirth
Fmr President of the UN Foundation
“The urge to save humanity is almost always a
false-front for the urge to rule it.”
–H.L. Mencken
•
No, it is not “code-red for humanity”.
Ergo, ‘DON’T PANIC’!
There’s no need to if you choose to follow known data, and not alarmist UN climate models that drive manufactured global-warming-hysteria.
In fact, the opposite of ‘hysteria’ is true if one is willing to acknowledge that thanks to technology (fossil fuels) and human ingenuity, we are ~99% less likely, now, to die from a climate related event than we were ~100 years ago.
Via Bjorn Lomborg:
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