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Skin in the Game as a Required Heuristic for Acting Under Uncertainty, Constantine Sandis, Oxford Brooks; Nassim Nicholas Taleb, NYU-Poly; Université Paris I Panthéon-Sorbonne – Centre d’Economie de la Sorbonne (CES). July 25, 2013. “We propose a global and morally mandatory heuristic that anyone involved in an action which can possibly generate harm for others, …
“The American legal profession, the nation’s law schools, and the American Bar Association have collaborated over several generations to create a system of legal education that is widely envied around the world. At present, the system faces considerable pressure prompted by rising tuition, large amounts of student debt, falling applications, and limited availability of jobs …
At What Cost? How Student Debt Reduces Lifetime Wealth by Robert Hiltonsmith, Demos, August 2013 “Student debt has skyrocketed over the past decade, quadrupling from just $240 billion in 2003 to more than $1 trillion today. If current borrowing patterns continue, student debt levels will reach $2 trillion in 2025. Average debt levels have risen …
The Merchants of Wall Street: Banking, Commerce, and Commodities – Saule T. Omarova, University of North Carolina at Chapel Hill School of Law, November 24, 2012 Minnesota Law Review, Vol. 98, 2013 “This article examines the principal legal, policy, and theoretical implications of a transformative – but so far unrecognized – change in the banking …
Measuring Us Against the World – “The United States is one of the richest nations on earth, but on a number of social and economic measures, it is more typical of a developing country. Compared with other advanced nations, it ranks consistently among the worst performers in matters of economic equality and child welfare.” Related …
The New Sick-onomy? Examining the Entrails of the U.S. Employment Situation – Blog Post by Daniel Alpert, on July 23, 2013 “Over 69 percent of the jobs created in Q2 2013 and over 57 percent of all the jobs created in the first half of 2013 were created in the three lowest wage sub-sectors of …
Shahien Nasiripour and Jan Diehm – via Huffington Post: College students and their families are set to enjoy lower borrowing costs this fall at the expense of future borrowers under a measure approved by Congress and to be signed into law by President Barack Obama. The proposal overwhelmingly passed the House of Representatives on Wednesday with nearly 400 votes. …
Employment Situation Summary, July 2013 “Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade, food services and drinking places, financial activities, and wholesale trade. Household Survey Data Both the number of unemployed persons, …
EIA: “In 2011, oil and gas exploration and production companies operating in the United States added almost 3.8 billion barrels of crude oil and lease condensate proved reserves, an increase of 15 percent, and the greatest volume increase since the U.S. Energy Information Administration (EIA) began publishing proved reserves estimates in 1977. Proved reserves of …
“Global growth is projected to remain subdued at slightly above 3 percent in 2013, the same as in 2012. This is less than forecast in the April 2013 World Economic Outlook (WEO), driven to a large extent by appreciably weaker domestic demand and slower growth in several key emerging market economies, as well as by a more …
Knowledge@Wharton: “When the suburban boom took off in the U.S. in the 1950s, many middle class families moved to those communities as a way to escape the country’s increasingly crowded, dirty and financially strapped cities. But now, as many American cities are gradually being revitalized and the suburbs have expanded outward, some of these former …
“With Congress considering big cuts to public programs, U.S. PIRG released fresh evidence that the vast majority of large companies are dodging taxes by stashing money in offshore tax havens. In a study of the top 100 publicly traded companies, as measured by revenue, the study – Offshore Shell Games – reveals that 82 maintain …
