When New York Emptied ‘Excess’ Jail Cells

For some time, many libertarians have joined reformers on the left in pushing various decarceration measures, out of conviction that too many people are behind bars in America and that this is both unjust and excessively expensive. In the last five years or so, this cause has led to changed policies in major jurisdictions, includingContinue reading “When New York Emptied ‘Excess’ Jail Cells”

Frequent Fliers, Please Report to the Counter

One acid test of the sincerity of those who want to seriously reduce carbon emissions to arrest climate change is whether they will support reasonable-cost nuclear power. The rapid onset of new atomic plants would be one way actually to come close to net-zero in emissions without drastically changing first-world lifestyles. The alternative acid testContinue reading “Frequent Fliers, Please Report to the Counter”

Consultants Fuel Costs of the College Cream

If one strained to find a core example of what has driven the widely-lamented rise in premium enrollment costs at America’s prestige universities, there’d be no better source than the rising-revenues chart of this Economist article on the big 3 U.S. management consultancies. This three-cylinder engine generated better than 10-fold nominal growth in the decadesContinue reading “Consultants Fuel Costs of the College Cream”

Fed’s Mary Daly Misses a Labor Component in Price Rises

It fell to me to ask the obligatory question about the strong dollar at this appearance of San Francisco Federal Reserve president Mary C. Daly at the Council on Foreign Relations today, and she gave the obligatory response that the currency’s forex value is not one of the Fed’s mandates. She elaborated a bit inContinue reading “Fed’s Mary Daly Misses a Labor Component in Price Rises”

If Only Your 401(k) Was in the NFL

Trillions of dollars of nominal global wealth have been wiped out in the current bear market for stocks and bonds. But, as this Bloomberg item notes, there’s at least one major exception to the asset-price declines: pro sports franchises. For reasons Gerry Smith describes here–and others such as Mike Ozanian and his crew at ForbesContinue reading “If Only Your 401(k) Was in the NFL”

Price of Practicing Journalism Is a Narrow ‘Social’ Window

Yesterday (9/8/22) I attended a panel discussion at the International Press Institute’s “World Congress” on the escalating dangers to journalists, including social-media assaults. The group at Columbia University included Washington Post editor Sally Buzbee and others from international publications, and none was too sure how to combat what all agreed were increasingly organized attempts toContinue reading “Price of Practicing Journalism Is a Narrow ‘Social’ Window”

A Yen to Visit Japan? But Wait

Tourism has taken off again in Southeast Asia, post-pandemic, offering economic relief in particular to Thailand. But it remains stricken in nervous Japan, where Covid rates have recently spiked. Japan has bumped up the total admissions to 50,000 daily and broadened the entry beyond tour groups, but is still requiring individual visas from the U.S.Continue reading “A Yen to Visit Japan? But Wait”

Maybe the NY Times Is Enough for Its Ilk

The New York Times must be self-conscious about covering, as it does in this piece today, the seeming troubles of the Washington Post. That’s because the two media giants are essentially selling a similar product–international news and opinion aimed at an established if left-of-center audience. Thus they are direct rivals. This article’s target is FredContinue reading “Maybe the NY Times Is Enough for Its Ilk”

Climate Push Has But Marginal Utility for Economics

Another Zeitgeist piece from the New York Times today denigrates traditional economics, which is to say the price mechanism for allocating resources. This time, it’s about climate and carbon, and the target of sorts is Nobel laureate William Nordhaus, long a favorite among left-of-center economists. Nordhaus, you see, early on proposed a carbon tax toContinue reading “Climate Push Has But Marginal Utility for Economics”

Across the Peconic, It’s Not Just a Wine Story

Most of my reporting on the recent history of land preservation on the East End of Long Island has dealt with the South Fork, or “The Hamptons.” But on the other side of Peconic Bay, similar if somewhat later stories could be told. This item from Patch spotlights one man’s efforts in New Suffolk thatContinue reading “Across the Peconic, It’s Not Just a Wine Story”