Economics @ ITT

Securities Traders More Reckless than Psychopaths?

Posted in economics by ittecon on September 27, 2011

E]ven though the traders lied and took risks more than their psychopathic counterparts, their performance at the game was about the same as the control group. This means the traders not only didn’t play well with others, they also didn’t do any better at the game than regular Joes.

via Bottom Line – Traders more reckless than psychopaths, study shows.

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Many Teachers Have Little or No Experience

Posted in economics, employment, Policy Issues by ittecon on September 26, 2011

In just over a decade, the average level of experience for the nations 3 million K-12 public school teachers has plunged from 15 to 20 years to one to two year

Among other things, hostile attitudes towards teachers has driven many way from that role. Myopic Draconian measures of No Child Left Behind, share much of the blame.

via Many teachers have little or no experience – Education Nation – msnbc.com.

Americans Favour Taxing Rich

Posted in economics, Taxation by ittecon on September 22, 2011

Americans generally favor raising taxes on higher-income Americans and eliminating tax deductions for some corporations as ways of paying for President Obama’s proposed jobs plan.

via Americans Favor Jobs Plan Proposals, Including Taxing Rich.

Recession Yields a Lost Generation of Workers

Posted in economics by ittecon on September 22, 2011

In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others — nearly 1 in 5.

via Recession yields a lost generation of workers – Business – Stocks & economy – msnbc.com.

Why Middle-Class People Fear Tax Increases on the Rich

Posted in economics, Policy Issues, Taxation by ittecon on September 22, 2011

“If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy and liquidation for the automakers,” said Bush in the Roosevelt Room on December 19, 2008.

via Why Middle-Class People Fear Tax Increases on the Rich.

Only the most educated 3% saw wage gains between 2000 and 2010

Posted in economics, Policy Issues by ittecon on September 21, 2011

Welcome to another edition of Charts that Speak for Themselves. This one shows that we live in a country in which the 97 percent of the population without education beyond a master’s degree experienced declining income over the past decade.

via Daily Kos: Only the most educated 3% saw wage gains between 2000 and 2010.

Netflix’ Days of Monopoly Price Premiums Are Over

Posted in economics by ittecon on September 19, 2011

“Netflix was basically a monopoly in the streaming business until about six months ago, and the effect was that content providers were underpricing their products,” said Charlie Wolf, an analyst who covers the company at Needham. On February 22nd, Amazon announced that it would stream 5,000 movies and television shows at no additional charge to customers who signed up for a Prime membership, which costs $79 a year.

via NFLX Tumbles On Qwikster Announcement; Are Netflixs Best Days Behind It?.

Inside the Trillion-Dollar Underground Economy Keeping Many Americans Barely Afloat in Desperate Times

Posted in economics, Policy Issues, Taxation by ittecon on September 19, 2011

The Young Womens Empowerment Project [PDF] describes the “street economy” as “… any way that girls make cash money without paying taxes or having to show identification. Sometimes this means the sex trade. But other times it means braiding hair, babysitting, selling CDs/DVDs, drugs or other skills like sewing and laundry.”

via Inside the Trillion-Dollar Underground Economy Keeping Many Americans Barely Afloat in Desperate Times | | AlterNet.

6 Dumb Arguments Against Taxing the Rich, Explained

Posted in economics, oligopoly, Taxation by ittecon on September 19, 2011

On Saturday, the Obama administration unveiled the “Buffett Rule,” a proposed tax on millionaires and billionaires named after celebrity investor Warren Buffett, who has long argued that the federal government should demand more of the wealthy. The millionaires tax is certain to become a major point of contention in the 2012 presidential campaign, and Republicans have wasted no time in heaping it with calumnies. Here are the six most popular conservative arguments against a progressive tax code, and why they’re wrong:

via 6 Dumb Arguments Against Taxing the Rich, Explained | Mother Jones.

Solar Bottle Lights in the Philippines

Posted in economics, environment by ittecon on September 19, 2011

Nice video about a cheap solution to lighting where external solar source is abundant, but the cost of electricity in burdensome!

via CCTV-9 report: Solar bottle lights in the Philippines – YouTube.