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Category Archives: Economy

Survey finds extensive evidence of sexual assault and bias against female economists

“The American Economic Association is today releasing results from a survey of current and former members about the professional climate in economics, conducted under the auspices of the AEA’s recently created standing Committee on Equity, Diversity, and Professional Conduct (CEDPC). For the Committee’s summary report of the survey results, see here. As the deadline for submitting replies to the survey (February 28) has just passed, the report being released today consists primarily of simple tabulations of the responses. A more extensive report including statistical analyses, analysis of open-ended survey questions, and some comparisons with results of other surveys will be made available in early summer 2019.

Although a full analysis of the survey results remains to be done, it is evident from the findings released today that many members of the profession have suffered harassment and discrimination during their careers, including both overt acts of abuse and more subtle forms of marginalization. This is unacceptable. Excluding or marginalizing people based on their gender, race, or other personal characteristics is not only deeply unfair to those who are excluded, it damages the field as a whole by limiting the diversity of perspectives and dissuading talented people from becoming economists. It is striking that, in an era when women and members of under-represented minority groups have entered so-called STEM fields at increasing rates, the low rates of participation and advancement of women and minorities in economics have changed little in recent decades….”

Paper – Rethinking the Efficiency of the Common Law

Sokol, D. Daniel, Rethinking the Efficiency of the Common Law (February 3, 2019). Notre Dame Law Review, forthcoming 2020; University of Florida Levin College of Law Research Paper No. 19-14. Available at SSRN: https://ssrn.com/abstract=3328025 or http://dx.doi.org/10.2139/ssrn.3328025 “This Article shows how Posner and other scholars who claimed that common law was efficient misunderstood the structure of… Continue Reading

FINRA National Financial Capability Study

FINRA Investor Education Foundation: – “A significant part of financial capability is the ability to make ends meet through adequate savings. Having resources for immediate medical needs is also an important component. In the U.S., 18% of individuals reported that over the past year, their household spent more than their income (not including the purchase… Continue Reading

FTC Releases 2018 Privacy and Data Security Update

“The Federal Trade Commission, the nation’s primary privacy and data security enforcer, released its annual report highlighting its privacy and data security work for 2018. The FTC’s privacy and security enforcement actions in 2018 included shutting down revenge porn website MyEx.com, approving a settlement with peer-to-peer payment service Venmo over deceptive privacy settings, approving an… Continue Reading

Animal activist pivots to focus on creating and marketing meat alternative food products

The New York Times: “Bruce Friedrich used to be the guy who broke into fashion shows to splatter fake blood on the models wearing fur coats…These days, he is hoping capitalism might work where activism and persuasion fell short. The organization Mr. Friedrich founded in 2015, the Good Food Institute, is at the center of… Continue Reading

OECD – Fast Forward to Gender Equality

Mainstreaming, Implementation and Leadership – “This report maps strategies, governance tools, institutional settings and innovative approaches used by governments across the OECD to drive and support society-wide gender equality goals. It covers all state institutions, including legislatures and judiciaries, and discusses the challenges faced by OECD countries in achieving long-lasting impact. Finally, the report provides… Continue Reading

Trump’s Proposed Budget Would Devastate National Parks

Outside: A close reading of the President’s 2020 Department of the Interior budget reveals massive funding cuts for everything public-lands related—except for oil and gas “To understand any budget, all you need to see are the numbers. And when you look at the Trump administration’s 2020 budget proposal for the Department of the Interior, those numbers… Continue Reading

White Collar Prosecutions Hit All-Time Low in January 2019

“The latest available data from the Justice Department show that during January 2019 the government reported 337 new white collar crime prosecutions – an historic low. According to the case-by-case information analyzed by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University, this number is down 20.3 percent over the previous month, and continues a… Continue Reading

MarineTraffic is the world’s leading provider of ship tracking and maritime intelligence

MarineTraffic: “Monitoring vessel movements is at the core of what we do. Building on a base of data gathered from our network of coastal AIS-receiving stations, supplemented by satellite receivers, we apply algorithms and integrate complementary data sources to provide the shipping, trade and logistics industries with actionable insights into shipping activity. With our main… Continue Reading

Mansa Musa: The richest man who ever lived

BBC: “Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires’ list released this week. With an estimated fortune of $131bn (£99bn) he is the wealthiest man in modern history. But he is by no means the richest man of all time. That title belongs to Mansa Musa,… Continue Reading

Farms aren’t tossing perfectly good produce. You are.

Washington Post: “If food waste were a country, it would be the world’s third-largest emitter of CO2, after China and the United States. In our nation alone, we throw away some 63 million tons of food a year, even as 40 million Americans are considered food insecure. Advocates of the “ugly produce” movement say they… Continue Reading

The President’s Authority to Withdraw US from NAFTA Without Further Congressional Action

CRS report via Library of Congress – The President’s Authority to Withdraw the United States from the North American Free Trade Agreement (NAFTA) Without Further Congressional Action, March 5, 2019: “…This report examines the President’s authority to terminate the United States’ international obligations under NAFTA without further action from Congress. It also examines whether the… Continue Reading