I was, of course, only saying something that critics of conventional theory had been saying for decades. Yet my point was not part of the mainstream of international economics. Why? Because it had never been expressed in nice models. The new monopolistic competition models gave me a tool to open cleanly what had previously been regarded as a can of worms. More important, however, I suddenly realized the remarkable extent to which the methodology of economics creates blind spots. We just don’t see what we can’t formalize. And the biggest blind spot of all has involved increasing returns. So there, right at hand, was my mission: to look at things from a slightly different angle, and in so doing to reveal the obvious, things that had been right under our noses all the time.
Cato Unbound » Blog Archive » Down with the Four-Year College Degree!
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I’m digging through unpublished/drafts in the blog and I found this. Its march already and students are starting to deal with finals and afterwards graduations, and finally the drudgery of work for most other people! Thought provoking!
Finally, consider the hundreds of thousands of students who go to college just because they have had it pounded into their heads since childhood that the good jobs require a BA The wage premium that shows up in regression equations may or may not apply to them. In Real Education, I offer an extended example involving a hypothetical young man graduating from high school who is at the 70th percentile in intellectual ability–smart enough to get a BA in today’s world–but just average in intrapersonal and interpersonal ability. He is at the 95th percentile in the visual-spatial and small motor skills useful in becoming a top electrician. He is trying to decide whether to go to college, major in business, and try to become a business executive, or instead become an electrician.
Cato Unbound » Blog Archive » Down with the Four-Year College Degree!.
-rePost-Welcome to Jeepney Tours – Discover the best of Manila with Jeepneytours

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This looks interesting! might try this sometime this summer!
Welcome to Manila Allow us to provide you with more than a great way to travel around the capital onboard a cultural icon of the Philippines, the Jeepney
The Jeepney is a unique transportation that can only be found in the Philippines. It was originally made from the US military jeeps that were left to the Filipinos after World War II, giving it the powerful engine of an army jeep. Due to Filipino ingenuity, the body was remodeled by adding some metal roofs and decorating it with vibrant colors. It has rapidly emerged as a creative and popular means of public transportation.
To allow the travelers to enjoy a more comfortable ride, we custom-made a luxurious 20-seater jeepney equipped with air conditioner, cooler and a tour facilitator. In the event of a traffic jam, fret not as we have a videoke system onboard to keep you entertained during the entire duration of your trip
The Jeepney Tours is an essential introduction to Manila in a fun and informative way and it links you to the attractions of the city. We invite you to experience all the magical sights and sounds of Manila in an entertaining, comfortable and secure environment.
You cannot say that you’ve been to Manila if you don’t ride a Jeepney
Travel with us and discover the best of Manila
Jeepney Features:
• Airconditioned Jeepney
• 20 seating capacity
• Videoke system onboard
• Cooler
Welcome to Jeepney Tours – Discover the best of Manila with Jeepneytours.
rePost: Clinging to Ignorance:Real Dan Lyons Web Site » Blog Archive Quite possibly the greatest high school English paper of all time «
One guy got hung up on the notion that Whitman was gay, and therefore refused to discuss the work and made a point of asking me, at the end of class, whether he needed to keep the poems for any reason, and when I told him no, he made a big point of tossing the poems into the trash in front of me. That was depressing enough, but the truly depressing part wasn’t that my “students” (I use the term very loosely) didn’t appreciate Whitman. The truly depressing part was that many of them, nearly all of them, could not comprehend Whitman. And I don’t mean they didn’t understand the imagery. I mean they could not read the sentences and parse them for meaning. They could not understand, from line to line, what was going on in a poem. These students had graduated from high school and were attending university. It was terrifying. Worse yet, they were obstinate about their ignorance, determined to cling to it, resistant to any attempts to help them understand how to read sentences in their own native language. In short, they liked being ignorant. They were proud of it.
Real Dan Lyons Web Site » Blog Archive Quite possibly the greatest high school English paper of all time «.
Best Read-Resume Cover Of a Startup, Employee??–Dashnine Media » I (may) need a new job because my boss is a jerk

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Read the whole thing . I’d have to say after a 12 hour work day, with only a 30 minute lunch and a couple of breaks I felt a surge while reading this. Although I am not working for a startup.
Dear _________,
I’m writing to express an interest to interview with your company. I may need to leave my current situation. I know its against convention to trash my last employer when applying for a job. If you read this, I think you’ll understand and excuse my behavior.
For six months I’ve worked under the promise of an eventual pay off. To date, I’ve received minimal compensation for my efforts. The past three months, I’ve worked 12-14 hour days six days a week and my boss expects me to “stick it out” for success that may or may not come. I know the hours for a fact. When I had trouble getting things done he made me account in writing
Dashnine Media » I (may) need a new job because my boss is a jerk.
Learned Today-Joel Spolsky's Secret to Start-up Success? Careful Morale Management
Paul Graham, Jessica’s husband and partner in Y Combinator, has tackled this subject on his website. “The biggest reason founders stop working on their start-ups is that they get demoralized,” he writes. “Some people seem to have unlimited self-generated morale. These almost always succeed. At the other extreme, there are people who seem to have no ability to do this; they need a boss to motivate them. In the middle there is a large band of people who have some, but not unlimited, ability to motivate themselves. These can succeed through careful morale management (and some luck).”
Joel Spolsky’s Secret to Start-up Success? Careful Morale Management.
Big BOO: GMANews.TV – Gay Asians criticize Oscar speech's TV censorship – Entertainment – Official Website of GMA News and Public Affairs – Latest Philippine News – BETA
This is just plainly wrong. NO TO CENSORSHIP!
Gay Asians criticize Oscar speech’s TV censorship
02/25/2009 | 04:38 PM
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KUALA LUMPUR, Malaysia — Gay Asians voiced indignation Wednesday after television broadcasts of the Academy Awards in their region censored the words “gay” and “lesbian” in speeches that called for equal rights for homosexuals.
The speeches by actor Sean Penn and writer Dustin Lance Black — who won Oscars for their work in “Milk” — were shown in full during live broadcasts of the Oscars that were screened across Asia on Monday morning.
But viewers who caught recorded telecasts in the evening on STAR, an Asian satellite TV service that says it reaches more than 300 million viewers in 53 countries, noticed that the sound was removed whenever both men mentioned “gay” or “lesbian.”
GMANews.TV – Gay Asians criticize Oscar speech’s TV censorship – Entertainment – Official Website of GMA News and Public Affairs – Latest Philippine News – BETA.
Learned Today: Marginal Revolution: Utah (Montana) fact of the day

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Utah (Montana) fact of the day
This one concerns adult entertainment:
Dividing state subscription counts by the FCC’s Broadband Deployment quantities, the most-subscribing state is Utah (where 5.47 of every 1,000 broadband households subscribed to the service at issue), while the least-subscribing state is Montana (1.92 per 1000 broadband households).
Marginal Revolution: Utah (Montana) fact of the day.
UPDATE:
my comment at the post:
I was originally thinking walras’ law but I think substitutes are more like it. Just as the other have already pointed. Although I sense a certain confirmation bias in all our comments concerning Utah.
Forgive Me For Pettiness: Market turmoil caught us off guard: Manulife

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There is nothing wrong with highlighted (by me) text, just felt that when a century is 8 years++ old its like stating a milestone that really isn’t.
Executives at Manulife Financial Corporation (MFC/TSX) said they would use the funding from the country’s six largest lenders to help the insurer withstand one of the worst financial crises of the century.
Market turmoil caught us off guard: Manulife.
flip Pride? 4th most illegal migrants in US from RP – INQUIRER.net, Philippine News for Filipinos
Considering that the other countries in the top part of the Americas, this is a good place in a not so good list!
4th most illegal migrants in US from RP
By Veronica Uy INQUIRER.net First Posted 15:38:00 02/24/2009 Filed Under: Migration, Security (general), Government
MANILA, Philippines — Filipinos make up the fourth largest group of unauthorized migrants in the United States as of January 2008, the US Department of Homeland Security (DHS) said in a report released Tuesday.
Of the 11.6 million unauthorized migrants believed to still be in the US, the DHS said Mexicans comprised the most, with 7.03 million.
After Mexico came El Salvador (570,000), Guatemala (430,000), the Philippines and Honduras (300,000), Korea (240,000), China (220,000), Brazil (180,000), Ecuador (170,000), and India (160,000).
4th most illegal migrants in US from RP – INQUIRER.net, Philippine News for Filipinos.


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