James Pethokoukis
@AEI DeWitt Wallace Fellow. @CNBC Contributor. @Jeopardy! champ. @TheWeek columnist. [email protected] columnist. @MedillSchool. @NorthwesternU. 🦅 🌎 🦄 🤖🚀
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James Pethokoukis
“While numbers are hard to compare, China is spending around 8.7 per cent of its government budget on research and development, while the US government spent less than 3 per cent in 2016. In Europe the proportion is similarly low.”
23h
Blessed Are the Refugees
Under Donald Trump, America is ceasing to be the last best hope.
1
James Pethokoukis
“Of what can Americans be more proud than that we so often opened our doors to those for whom every other door was shut? All of which makes this a moment of unique shame for the United States.”
27h
Decades-old Florida mystery solved with help from Google Earth
William Moldt was last seen in Lake Worth, Florida back in 1997. A man who used to live in his gated community was looking at his old house on Google Earth when he zoomed in and saw what appeared to be a car submerged in a pond.
James Pethokoukis
First the guy thinks he sees a submerged car using 3-D satellite imagery, then he calls his friend with a drone to take a closer look. But where is my flying car?
33h
Maybe We’re Not All Going to Be Gig Economy Workers After All
Companies like Uber are hitting the turbulence of government regulation, worker resistance and labor market reality.
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James Pethokoukis
Last year only 3% of adults drove for a service like Uber or Lyft, “smaller than the share whose gig work consisted of selling goods at flea markets. But even those numbers probably overstate how central this work is to the economic lives of Americans.”
34h
Fearing ‘Spy Trains,’ Congress May Ban a Chinese Maker of Subway Cars
A Chinese train maker, the world’s largest, has contracts in Chicago, Los Angeles and Boston, but Congress may block it from securing any new contracts in the United States.
James Pethokoukis
I haven’t seen any secret wires yet,” said Perry Nobles, an electrician for CRRC who was rigging wires in the interior of the trains. “With the world full of cellphones and computers, I’d think there’s an easier way to get information.”
34h
Bernie Sanders, in Las Vegas, Previews Plan for Affordable Housing
Mr. Sanders invoked his own childhood growing up in a rent-controlled apartment, and contrasted it with the privilege of President Trump.
There Is No Tech Backlash
Worse, we think there is one.
James Pethokoukis
“The evidence there suggests that, in fact, we love our devices as much as ever. There is no tech backlash.”
43h
Bloomberg - Are you a robot?
James Pethokoukis
"Abqaiq is more important to the Saudi oil sector than the kingdom’s Persian Gulf export terminals at Ras Tanura and Ju’aymah, or the Strait of Hormuz that links the Gulf to the Indian Ocean and the high seas." bloomberg.com/news/articles/… via @markets
50h
Why is US productivity growth so slow? Possible explanations and policy responses
Productivity is the most important determinant of the growth in living standards over the long run and its growth has been weak since 2004 and dismal since 2010. The simplest productivity measure i…
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James Pethokoukis
"Another reason for the widening of the productivity distribution is lack of managerial and worker capabilities to take advantage of the current wave of complex, information technology related innovation" brook.gs/2bVQziP via @BrookingsInst
50h
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James Pethokoukis
But how will this affect the Saudi Aramco IPO? | “Such a brazen attack by an Iranian proxy on the crown jewel of the Kingdom of Saudi Arabia’s energy system will raise the overall geopolitical risk premium”
50h
The Impact of State-Level R&D Tax Credits on the Quantity and Quality of Entrepreneurship
James Pethokoukis
“Our key finding is that the R&D tax credit is associated with a significant long-term impact on both the overall quantity and quality-adjusted quantity of entrepreneurship”
58h
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James Pethokoukis
“The truly eye-opening contribution — for me, at least — was Weitzman’s explanation that the worst-case scenarios should rightly loom large in rational calculations.” 🚨 🚨 🚨
3d
New research: The U.S. economy will need more immigrants soon
As the U.S. finds itself entangled in a debate over immigration, new research indicates that there are plenty of economic benefits of immigration for the American workforce.
The Times and CNN Will Host the Next Democratic Debate in Ohio
The Democratic National Committee has announced that the next debate will be held on Oct. 15, with a possible second night on Oct. 16.
The Threat From China Means Conservatives Must Rethink Industrial Policy
Proposals from Republican Sens. Hawley, Rubio, and Young have begun to take the problem seriously
Technology | Academics | Policy - Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics
Artificial intelligence (AI) is advancing rapidly, but productivity growth has been falling for a decade, and real income has stagnated. The most plausible explanation is that it will take considerable time for AI-related technologies to be deployed...
James Pethokoukis
Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics
3d
New survey highlights disconnect between high school and the real world
If the purpose of high school is to prepare students for the real world, does it? A recent survey of students, parents, and employers finds that real world skills are more important than ever.
Bloomberg - Are you a robot?
James Pethokoukis
This theory seems to sync with the @erikbryn paper “Digital Abundance and Scarce Genius: Implications for Wages, Interest Rates, and Growth”
3d
Binyamin Appelbaum on the economists' hour
On this episode, Binyamin Appelbaum joins to discuss his new book, "The Economists' Hour."
Here come the robots: We can prepare for the future without fearing the future
Yang has an alarmist argument that we need UBI to meet the looming and “unprecedented crisis” of widespread technological unemployment. Maybe. But history would suggest probably not.