Category Archives: Uncategorized

Famous economists and spreadsheet errors

Every time I see “Kenneth Rogoff, a professor of economics at Harvard University” quoted somewhere:

«Thomas called his girlfriend over to check his eyes weren’t deceiving him.

But no, he was correct – he’d spotted a basic error in the spreadsheet. The Harvard professors had accidentally only included 15 of the 20 countries under analysis in their key calculation (of average GDP growth in countries with high public debt).

Australia, Austria, Belgium, Canada and Denmark were missing.

Oops.

https://www.bbc.com/news/magazine-22223190

I’m sure that guy triple-checks his spreadsheets now, but still….

China’s 40-Year Boom Is Over. What Comes Next? – WSJ

https://www.wsj.com/world/china/china-economy-debt-slowdown-recession-622a3be4

«At those rates, China would fail to meet the objective set by President Xi Jinping in 2020 of doubling the economy’s size by 2035. That would make it harder for China to graduate from the ranks of middle-income emerging markets and could mean that China never overtakes the U.S. as the world’s largest economy, its longstanding ambition.»

No one who has read Why the West Rules – For Now would get smug about this.

Finland ends homelessness and provides shelter for all in need

Here’s something for the white people among us: more efficient use of tax dollars.

«In the past 10 years, 270 million euros were spent on the construction, purchase and renovation of housing as part of the “Housing First” programme. However, Juha Kaakinen points out, this is far less than the cost of homelessness itself. Because when people are in emergency situations, emergencies are more frequent: Assaults, injuries, breakdowns. The police, health care and justice systems are more often called upon to step in – and this also costs money.

In comparison, “Housing First” is cheaper than accepting homelessness: Now, the state spends 15,000 euros less per year per homeless person than before.»

https://scoop.me/housing-first-finland-homelessness/#:~:text=In%20the%20past,person%20than%20before.

The GOP Is Over Its War On ‘Woke’ | HuffPost Latest News

Bad news for Florida Man

“After almost two years as a conservative rallying cry, Republicans may finally be over the war on woke.”

https://www.huffpost.com/entry/republican-presidential-candidates-woke-iowa-ron-desantis-vivek-ramaswamy_n_64dfd0c4e4b0dd561030ebce#:~:text=After%20almost%20two%20years%20as%20a%20conservative%20rallying%20cry%2C%20Republicans%20may%20finally%20be%20over%20the%20war%20on%20woke.

Washington State Votes To Kill Law That Restricted Community Broadband | Techdirt

“If entrenched broadband providers really wanted to thwart such options, they’d simply offer faster, cheaper service. Instead, they’ve found it **more cost effective to buy laws restricting the options**, even if local community members want to vote for it.”

https://www.techdirt.com/2021/04/15/washington-state-votes-to-kill-law-that-restricted-community-broadband/#:~:text=If%20entrenched%20broadband%20providers%20really%20wanted%20to%20thwart%20such%20options%2C%20they%E2%80%99d%20simply%20offer%20faster%2C%20cheaper%20service.%20Instead%2C%20they%E2%80%99ve%20found%20it%20more%20cost%20effective%20to%20buy%20laws%20restricting%20the%20options%2C%20even%20if%20local%20community%20members%20want%20to%20vote%20for%20it.

Black Farmer’s Are Fighting to Be Saved As The Number of Black Owned Farms Grows Smaller

https://shoppeblack.us/black-farmers-fighting-to-be-saved/

“Oh, but, John, this article is two years old. Surely things are better now.”

Nope:

https://www.blackenterprise.com/black-farmers-federal-government/

Edit: wait, there’s more!

«the Reagan administration closed the U.S.D.A.‘s Office of Civil Rights. And so complaints were pouring in going back that far, but there was no office to process them.

Alexander Pires
“And I had heard a rumor from a couple of black farmers that there’s a room where they just stuff them all.”»

https://www.nytimes.com/2019/10/11/podcasts/1619-slavery-farm-loan-discrimination.html#:~:text=the%20Reagan%20administration,stuff%20them%20all.