California, Pacific Northwest underprepared for a megaquake

Engineer Peter Yanev writes in the New York Times that the West Coast (in particular, the Pacific Northwest, like Seattle, where I currently reside) of the United States is less prepared than Chile was for a major earthquake.  We should expect much more devastation and more casualties if a quake of a similar magnitude hits [...]

Google, innovation, and listening to your customers

Robert Scoble has an interesting post a while back on how Google is becoming the next Microsoft.  Apparently, Eric Schmidt was quoted as saying, “We don’t want to work on problems that only affect a small number of people,” which Scoble takes as meaning that the chances that Google comes up with the next big [...]

“You Are Disturbing Me. I Am Picking Mushrooms.”

I love this story:

Grigory Perelman does not want our attention but he may merit it. He offers a model of behavior which very well may be foreign to our time, but, still, we ought to know that it’s an available option: grumpiness, misanthropy, and a radical lack of interest in publicity—and, [...]

US goverment is already paying high interest rates

Joseph Lavorgna, chief U.S. economist for Deutsche Bank, was on The Kudlow Report yesterday talking about how various US corporations (including, Berkshire Hathaway, Proctor & Gamble, Johnson & Johnson, Abbott Labs, and Lowe’s Home Improvement) are able to issue two-year debt at lower interest rates than the Federal government right now.  This tends to get [...]

Government deception on healthcare

Douglas Holtz-Eakin (former director of the CBO from 2003-5) recently published an excellent article in the New York Times documenting government deception regarding the budget numbers used to pass healthcare.  To those who claim that the CBO considers the bill good for the federal budget, he has this to say (italics mine):

How can the budget [...]

The good side of the healthcare reform process

I have blogged in the past regarding the fact that what I care about is not policy successes, so much as more people becoming libertarians.  (Read the comments in that post, too.).  Poor policies, like those being billed as healthcare “reform”, are simply a symptom of an underlying problem, people having poor ideas regarding economics [...]

Entrepreneurship in China

China has one of the most entrepreneurial cultures on Earth, according to Business Week:

The latest numbers from the Organization for Economic Cooperation & Development (OECD) show that China’s rate of self-employment far exceeds that in the U.S.—51.2% versus 7.2%—a gap that hasn’t changed much since 2001, when the data first became [...]