Адам Смит
30 января, 08:22

Солнце, море, «безвиз» и никакого риска

Навеяло, в связи со всей этой крымской эпопеей. Внезапно понимаешь — возврат Крыма был неизбежен хотя бы по одной простой причине: нам отдыхать негде. Вот негде и всё тут. Постойте, воскликнет человек, объехавший полмира: это неправда — вся планета к вашим услугам, только плати. Увы, не всё так просто. Мы говорим о массовом туризме, а не об «эксклюзивном». Так вот, надо, чтобы было: море, солнце и песок (мы северяне), но недалеко, не слишком дорого, без визы, ну и самое главное — безопасно.

30 января, 05:24

Солнце, море, «безвиз» и никакого риска

Навеяло, в связи со всей этой крымской эпопеей. Внезапно понимаешь — возврат Крыма был неизбежен хотя бы по одной простой причине: нам отдыхать негде. Вот негде и всё тут. Постойте, воскликнет человек, объехавший полмира: это неправда — вся планета к вашим услугам, только плати. Увы, не всё так просто. Мы говорим о массовом туризме, а не об «эксклюзивном». Так вот, надо, чтобы было: море, солнце и песок (мы северяне), но недалеко, не слишком дорого, без визы, ну и самое главное — безопасно.

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30 января, 00:00

What Will America Look Like After Four Years of Trump?

Brian Beutler, New RepublicAfter President Barack Obama took office eight years ago, conservatives were reminded that, to quote Adam Smith, there is a great deal of ruin in a nation.

27 января, 15:26

Trade War Or Bust?

In its first week in office, the Trump administration has reaffirmed that trade agreements are in the crosshairs. The Trans Pacific Partnership Agreement (TPPA) was the first victim. Trade between Mexico and the US appears to be the next domino to fall. The US stock market, so far, doesn’t seem to have a problem with […]

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25 января, 16:01

Quotation of the Day…

(Don Boudreaux) Tweet… is from page 534 of Book IV, Chapter 5 of the 1981 Liberty Fund edition of Adam Smith’s 1776 An Inquiry Into the Nature and Causes of the Wealth of Nations: I have no great faith in political arithmetick…. DBx: Smith chose his words with extraordinary care and exactness.  When Smith said that he has no great […]

24 января, 18:53

Three days in and Trump has already kept one pledge

Three days in and Trump has already kept one pledge Paul Craig Roberts On Trump’s third day Trump is one up on the Establishment. Can this last? I am not a Trump booster. I am a scorekeeper. On the third day of his presidency Donald Trump signed an executive order withdrawing the United States from… The post Three days in and Trump has already kept one pledge appeared first on PaulCraigRoberts.org.

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24 января, 17:00

Some Links

(Don Boudreaux) TweetWriting in the Wall Street Journal, the great John Tierney explains why American airports are worse than ones in the Third World.  A slice: American airports are typically run by politicians in conjunction with the dominant airlines, which help finance the terminals in return for long-term leases on gates and facilities. The airlines use their […]

23 января, 19:35

Trump Promises to Make America Wealthy Again

What is it about people who see value only in money that they don't get there is a wide range of more important, and more giving, values. The desire to worship wealth seems to arise out of a lack of generosity. This is paradoxical because the virtues, like patience, grace, love, wisdom and curiosity, inspire generosity. Does one have to be generous first to learn virtues or do the virtues precede our benevolent actions? This is a central question, as President Donald Trump more than once mentioned restoring America's wealth in his inaugural address. It was odd to hear Trump talk about national "carnage" when the stock market is at new heights, unemployment is low and incomes are beginning to rise. Perhaps what Trump feels is the more precarious position of the über-wealthy, who hurt a little under Obama's plans for the middle class and poor. I guess these people didn't realize that, as Robert Reich points out in his documentary Inequality for All, when American citizens of all stripes do well, the economy does better over all. Trump could have spent time talking about the very real challenges African-Americans and Latinos face in accumulating wealth. Their family wealth averages less than $15,000 a year. Trump could have talked about encouraging wage growth, which middle class and working poor families rely on much more than investments. Yet his word choice, "wealth," was a shibboleth that surely caught the attention of the nation's wealthy class. Despite all his boilerplate about manufacturing towns suffering due to globalization and the information age, Trump was announcing that this term is for the wealthy. It Trump's administration's central policies go through, there will in fact be a large transfer of wealth from the poor and middle class to the wealthy, who don't need the help. Not keeping (or expanding) the Affordable Care Act, President Obama's signature achievement, would enrich the wealthiest 400 households in America. Efforts to deregulate the markets would cost people in the eventual financial crisis that such a move would create. Going all in for oil and gas interests while not immediately stopping climate change would cost poor people the most. The author of The Wealth of Nations, Adam Smith also wrote a book called The Theory of Moral Sentiments. In it, he writes, "A stranger to human nature, who saw the indifference of men about the misery of their inferiors, and the regret and indignation which they feel for the misfortunes and sufferings of those above them would be apt to imagine that pain must be more agonizing and the convulsions of death more terrible to persons of higher rank than to those of meaner stations." Why do we worship the rich like idols? I think it's because the worlds they rule make it hard for everyday people to speak up without fear of losing the favor--or the jobs--the rich control. Make no mistake: I'm not against money or letting people get reasonable compensation. I believe in floors (for income, basic security and the general welfare) more than I believe in ceilings. Yet for the person at the top to not understand the potential, both economic and personal, of every single American is a grave mistake. When we valorize wealth instead of valorizing contribution, ingenuity, hard work and gumption, we put the cart before the horse. We don't recognize that it is value-based work that provides us with all we need. We lose track of our values and can offer none in return. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

23 января, 00:24

Reading: David Landes (2006): Why Europe and the West? Why Not China?

David Landes (2006): [Why Europe and the West? Why Not China?][] As you read, note: * Adam Smith laid out what went wrong as the background for his picture of how things can go right, while Landes is as interested in the roots of relative--and absolute--economic failure as of success....

21 января, 16:46

Clockwatch: Premier League, Ghana v Mali, and more – as it happened

On a busy day of football, Wayne Rooney broke Manchester United’s goalscoring record, Real Madrid beat Malaga and Ghana made it through to the Africa Cup of Nations quarter-finals 6.07pm GMT And that’ll be your lot from today. Thanks for reading all, and remember to stick with Rob Smyth’s minute-by-minute of Manchester City v Tottenham, which is bubbling along nicely. Be safe out there. Good night. 5.53pm GMT Ghana just about hang on, and they’re through to the quarter-finals with that win against Mali. Just like their first game they went ahead in the first-half, this time through Asamoah Gyan, and just like their first game they hung on in the second, their opponents possibly deserving more. Continue reading...

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20 января, 16:12

Quotation of the Day…

(Don Boudreaux) Tweet… is from pages 544-545 of Douglas Irwin’s superb essay “Adam Smith and Free Trade,” which is chapter 32 in the 2016 volume, edited by Ryan Patrick Hanley, Adam Smith: His Life, Thought, and Legacy: At the same time, Smith generally believed that direct interference in markets by government was unlikely to work out well. […]

20 января, 09:45

The aid community should stop pretending to know the answers and start asking the right questions.

Frans Lammersen and Jorge Moreira da Silva (Director) OECD Development Co-operation Directorate – DCD-DAC In  The Wealth of Nations, Adam Smith wrote that: “Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being […]

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20 января, 01:28

Bonus Quotation of the Day…

(Don Boudreaux) Tweet… is from page 100 of Frank Machovec’s profoundly important 1995 volume, Perfect Competition and the Transformation of Economics (citations omitted; original emphasis): The state of affairs ultimately created by competition was certainly discussed by every classical writer, but to apply a magnifying glass to the price-equals-cost (equilibrium) condition, as if it were the heart of classical […]

19 января, 17:20

International Trade Is Simply One Manifestation of Competition

(Don Boudreaux) TweetScott Sumner’s recent EconLog post on the awful distortions and fallacies that run rampant today about Americans’ trade with the Chinese is very good.  Scott offers several reasons, each strong, for why people such as Noah Smith and Tim Duy (as well as Trump and his trade triumvirate) are simply, utterly, and completely wrong to […]

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19 января, 15:53

Quotation of the Day…

(Don Boudreaux) Tweet… is from page 67 of Jerry Evensky’s article “The Wealth of Nations,” which is chapter 5 in Ryan Patrick Hanley, ed., Adam Smith: His Life, Thought, and Legacy (2016): In [Adam] Smith’s vision of humankind’s progress through stages, the social, political, and economic dimensions of human societies form a simultaneous system within which progress […]

19 января, 02:13

HUFFPOST HILL - Wilbur Ross' Maid Somehow Trump's Only Nomination Casualty

Like what you read below? Sign up for HUFFPOST HILL and get a cheeky dose of political news every evening! President Obama has only two more nights on an air mattress now that he’s moved his stuff to his new house. Donald Trump pretended to write on a legal pad with the conviction of an actor haplessly slapping a keyboard as they pretend to hack something. And if this were any other transition, a nominee getting arrested for punching a guy at a high-end horse auction would kill the nomination, but *uncorks whiskey bottle with teeth* screw it! This is HUFFPOST HILL for Wednesday, January 18th, 2017: ***A+ content alert*** HuffPost is hosting a DNC chairperson debate tonight at George Washington University. HuffPost Editor-in-Chief Lydia Polgreen and Washington Bureau Chief Ryan Grim will be hosting the seven candidates. [Watch live on HuffPost.com or on our Facebook page] MAKE THE HELP GREAT AGAIN - “They’re bringing drugs, they’re bringing crime, they’re folding Wilbur Ross’ laundry.” Arthur Delaney, Ben Walsh and Amanda Terkel: “President-elect Donald Trump’s pick for commerce secretary admitted at his Senate confirmation hearing Wednesday that he recently fired a household employee who could not provide proof that they could legally work in the country. Having undocumented household help has sunk at least two previous cabinet secretary nominees. Billionaire private equity executive Wilbur Ross told the Senate Commerce Committee that when he hired the worker in 2009, the person provided what looked like a valid driver’s license and Social Security card. After Ross was nominated by Trump, he asked all his household staff to provide such documentation again. ‘When I was getting ready for this hearing I wanted to recheck all our present and former employees,’ Ross said, adding that all but one of about a dozen workers provided the right documentation. ‘This one employee was unable to and therefore was terminated,’ Ross said. The entire process happened in the last month.” [HuffPost] PRICE FLIPS ON STOCK TRANSACTION -  Paul Blumenthal: “[Price] admitted on Wednesday that he decided to buy stock in an Australian biotech firm after receiving information from Rep. Chris Collins (R-N.Y.), a board member of that company. Price’s admission that he personally chose to purchase stock in Innate Immunotherapeutics contradicts the Trump transition team’s defense of another questionable stock trade Price made. The transition team had previously said Price held a broker-operated account with Morgan Stanley and did not direct his stock trades…. Ethics experts stated that Price could be in violation of the STOCK Act, a bipartisan 2012 law that bans insider trading by members of Congress, if he received nonpublic information from Collins or others prior to purchasing Innate Immunotherapeutics shares.” [HuffPost] Snowflake update: “President-elect Donald Trump’s close aide Kellyanne Conway on Wednesday blasted Democrats for ‘trying to embarrass’ the incoming administration’s Cabinet nominees.” [The Hill] OBAMA HOLDS LAST PRESS CONFERENCE, DEFENDS MANNING COMMUTATION - It was, uhhhhhh, a lengthy, uhhhhhhh, affair. Sam Levine: “President Barack Obama said Wednesday he believes that efforts to make it more difficult to vote in the United States are an extension of the legacy of slavery and Jim Crow laws. ‘There is an ugly history to that that we should not be shy about talking about,’ Obama said during his final news conference. ‘The reason that we are the only country among advanced countries that makes it harder to vote is, it traces directly back to Jim Crow and the legacy of slavery. It became sort of acceptable to restrict the franchise. That’s not who we are. That shouldn’t be who we are. That’s not when America works best.’” [HuffPost] Scenes from a transition: The baristas at the 17th & Pennsylvania Starbucks hugging several White House staffers and wishing them goodbye. “It’s like everyone is leaving!” Haircuts: Adam Smith (h/t Adam Smith), Zach Carter (h/t Arthur Delaney and Jessica Schulberg), Michael Whitney (h/t Michael Whitney) Like HuffPost Hill? Then order Eliot’s new book, The Beltway Bible: A Totally Serious A-Z Guide To Our No-Good, Corrupt, Incompetent, Terrible, Depressing, and Sometimes Hilarious Government Does somebody keep forwarding you this newsletter? Get your own copy. It’s free! Sign up here. Send tips/stories/photos/events/fundraisers/job movement/juicy miscellanea to eliot@huffingtonpost.com. Follow us on Twitter - @HuffPostHill FINALLY, A SECRETARY OF THE ARMY MICHAEL GRIMM CAN GET BEHIND - Short of ending our lives by driving off a cliff in a flaming motorcycle, this is probably the most dangerous thing on our bucket list. Michael S. Schmidt: “Vincent Viola, the billionaire Wall Street trader Donald J. Trump has nominated to be the secretary of the Army, was accused in August of punching a concessions worker at a high-end racehorse auction in Saratoga Springs, N.Y., according to a police report and local law enforcement officials. Police officers did not witness the episode. When officers arrived at the scene, however, the concessions worker had a ‘swollen bloody lip’ and said that Mr. Viola had punched him in the face, according to the police report…. A spokesman for Mr. Viola did not dispute that Mr. Viola had punched the worker, and said that Mr. Viola had informed Mr. Trump’s transition team about the episode. ‘Mr. Viola loves his wife and regrets the incident,’ the spokesman said in a written statement in response to several questions.” [NYT] UNCLEAR IF GAME WILL RECOGNIZE GAME - Zach Carter: “Private equity billionaire Wilbur Ross has agreed to sell more than 90 percent of his assets in order to avoid conflicts of interest if he is confirmed as commerce secretary. But at his confirmation hearing on Wednesday, Ross repeatedly refused to say whether Trump should follow his lead and struggled to explain how he would deal with policy decisions that affected the president’s bottom line. ‘As I understand it, the ethics rules that apply to Senate-approved nominees do not apply to the president,’ Ross told Sen. Richard Blumenthal (D-Conn.) when asked directly whether Trump should divest his businesses. ‘But simply as a matter of appearance and morality ― you were able to do it, why not the president?’ Blumenthal asked. Ross said he didn’t know how complicated the president-elect’s finances might be.” [HuffPost] GREAT NEWS FOR FANS OF PERMANENT KIDNEY DAMAGE - Arthur Delaney: “President-elect Donald Trump’s nominee to head the Environmental Protection Agency said at his confirmation hearing Wednesday that he didn’t know one of the most basic things about drinking water safety. Sen. Ben Cardin (D-Md.) asked Scott Pruitt if “there is any safe level of lead that can be taken into the human body.’ The answer is a simple ‘no,’ but somehow Pruitt didn’t say that. ‘Senator, that is something I have not reviewed nor know about,’ said Pruitt, the attorney general of Oklahoma…. Pruitt shouldn’t need to look at the scientific research ― someone could just tell him. It’s not remotely controversial that lead, a deadly neurotoxin, can cause a host of health problems even in low doses. It can stunt children’s growth and permanently damage their young brains. Lead exposure has emerged as a plausible explanation for the rise and fall of violent crime in the 20th century.” [HuffPost] Area man benefits from very low standards: “Oklahoma Attorney General Scott Pruitt (R), President-elect Donald Trump’s nominee to lead the Environmental Protection Agency, said during his confirmation hearing Wednesday that he does not believe climate change is a ‘hoax’ ― something Trump has claimed in the past. Sen. Ed Markey (D-Mass.) asked Pruitt about the president-elect’s past comments, while noting that 2016 was the hottest year on record. ‘I do not believe that climate change is a hoax,’ Pruitt said.” [HuffPost’s Sam Levine] GOP TARGETING OBAMA RULES - Unless a bunch of fish caught in soda six-pack rings organizes a really effective Hill fly-in, a lot of Obama’s executive orders will be reversed. Mike DeBonis: “Next month, the House is expected to take up more targeted measures that would use fast-track procedures to undo several recent rules issued by executive-branch agencies…. Among the regulations on the Republican chopping block are new Interior Department rules aimed at protecting waterways near coal mines and preventing the release of methane, a potent greenhouse gas, from oil and gas wells, as well as a Labor Department rule that expands overtime eligibility. Democrats, along with major labor, consumer and environmental groups, are warning of significant and lasting harm to the public from the GOP push. A list of targets from the hard-line House Freedom Caucus includes school-lunch nutrition guidelines, renewable fuel standards and anti-tobacco programs.” [WaPo] HALEY BREAKS WITH TRUMP ON RUSSIA - This is going to come back to haunt her in the waning days of the 2024 campaign when the FSB refuses to help her overcome a five-point polling deficit against Democratic nominee, Rachel Platten. Akbar Shahid Ahmed: “South Carolina Gov. Nikki Haley (R), President-elect Donald Trump’s pick to be U.S. ambassador to the United Nations, told a Senate hearing Wednesday that she opposes two of Trump’s most controversial positions: his determination to build a partnership with Russia and his support for a registry of Muslims in the U.S. ‘Crimea is Ukraine, not Russia,’ Haley said, criticizing Moscow’s two-year occupation of the region and its ongoing conflict with the pro-European government in Ukraine, which has claimed close to 10,000 lives. She would not support lifting Crimea-related sanctions on Russia until President Vladimir Putin makes some concessions to the U.S., she added. ‘Russia is trying to show their muscle right now…. I don’t think that we can trust them,’ Haley said. “ [HuffPost] FRIENDLY REMINDER ABOUT ONE OF TRUMP’S INAUGURAL PASTORS - Remember: You can’t spell “Jesus Christ” without no less than three of the letters in “Benghazi.” Christopher Mathias: “An evangelical pastor who thinks Islam is ‘evil’ is set to deliver prayers on Friday at the inauguration ceremony for a president-elect who thinks ‘Islam hates us.’ Rev. Franklin Graham is among six faith leaders chosen by Donald Trump to offer their prayers, benedictions or other statements during Trump’s swearing-in on Jan. 20…. A month after the 9/11 terror attacks, Graham, speaking at the dedication of a new chapel, told an audience that Islam ‘is a very evil and wicked religion.’ Pressed to clarify his comments by NBC, Graham said, ‘It wasn’t Methodists flying into those buildings, it wasn’t Lutherans. It was an attack on this country by people of the Islamic faith.’” [HuffPost] BECAUSE YOU’VE READ THIS FAR - Here’s a dog that’s a chair. WASHINGTON INSTITUTIONS ALREADY BANNING JOURNALISTS - Damn it, at least give us a chance to consume way too much alcohol at the bar before you do this. Daniel Lippman: “The Trump International Hotel in Washington is banning the media from its premises during inauguration week. “Media is not allowed in this week in respect of the privacy of our guests,’ Patricia Tang, the hotel’s director of sales and marketing wrote in an email. A POLITICO reporter attempted to enter the hotel Wednesday morning for a previously scheduled breakfast meeting but was stopped at the door. He then identified himself as a journalist and was told ‘media’ was not allowed…. The hotel’s decision to ban media from property owned by the federal government and from a hotel controlled by the president-elect comes amid a broader debate over media access to the incoming administration. Trump has resisted forming a protective pool around him, instead opting for a ‘semi-protective pool’ that afford the media less access than previous presidents allowed.” [Politico] COMFORT FOOD - Gun TV: Gone too soon. - Cat loves head scratches. - Website randomly plays YouTube videos with zero views. TWITTERAMA @JPFriere: Hey, folks, haven’t seen very much coverage of Obama’s last Wednesday as President. This is also his last 11:34am on Weds as president. @anamariecox: Obama probably wasn’t subtweeting DJT when he said, “If your parents don’t brag on you, you got problems,” but I like to think he was. @Lindsaygoldwert: Trump is going to rewrite the Constitution in Comic Sans Got something to add? Send tips/quotes/stories/photos/events/fundraisers/job movement/juicy miscellanea to Eliot Nelson (eliot@huffingtonpost.com) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

19 января, 00:14

Standing Rock and the Trump Transition

Jerome Whitington and Eben Kirksey In the face of months of protests and legal campaigning, last December the US Army Corps of Engineers rejected the last critical environmental permit needed for completion of the Dakota Access Pipeline. The Pipeline is meant to service the Bakken oil fields and is the largest single project to expand fossil energy transportation for oil and gas. The move to re-evaluate the pipeline was cautiously praised by many, yet Energy Transfer Partners promised they would continue with their plans, optimistic that the Trump administration would view energy development more favorably. After all, Donald Trump has a sizable personal financial stake in the $3.8 billion energy project. The Standing Rock Sioux Tribe stated, "We hope that [Energy Transfer Partners CEO] Kelcey Warren, [North Dakota] Governor Dalrymple, and the incoming Trump administration respect this decision and understand the complex process that led us to this point." However, Reuters reported Kelcey Warren personally donated more than $100,000 to Donald Trump's presidential campaign. The idea that the pipeline does not need a full environmental review because it technically does not cross Native land is clearly a farcical disavowal of regulatory requirements. Yet it is precisely this position that we expect the Trump Administration to take. In the Army Corps's decision, Assistant Secretary Jo-Ellen Darcy addressed this in a memo outlining problems with the Dakota Access Pipeline: "The proposed crossing of Lake Oahe is approximately 0.5 miles upstream of the northern boundary of the Standing Rock Sioux Tribe's reservation. The Tribe relies on Lake Oahe for drinking water and irrigation, portions of Lake Oahe downstream from the proposed crossing remain within the Tribe's reservation boundaries, and the Tribe retains water, hunting and fishing rights in the lake." Democratic Members of Congress played a key role in blocking the pipeline's route under Lake Oahe. On November 28, Senate Minority Leader Harry Reid spoke on the floor and released a statement 'The Violence at Standing Rock Must End,' in which he pointed out: "The simple truth is that Indian tribes - whether the Moapa Paiute or the Standing Rock Sioux - are exposed to more pollution than their fellow Americans. That is the way it is. We don't talk a lot about the people who are severely impacted by the century of practically limitless pollution - Indians. This is not an urban-rural phenomenon. It's everywhere and it's dangerous. From South Dakota to Nevada, Native Americans are on the front lines of these environmental and public health catastrophes." As the new Congress prepares for the presidential transition, a number of key Senators and Representatives in the House have a track record of supporting the Dakota Sioux. We believe the next few weeks will prove a crucial period when scholars can play an important role in supporting these efforts. Communicating with your congressional members is an effective way for scholars to provide support for Native sovereignty and environmental protection. Academics continue to play a small but important role in applying selective pressure on decision makers. To take the discipline of anthropology as an example, the American Anthropological Association has released a statement on Standing Rock, and its members have been engaged in congressional advocacy to provide support for efforts in Washington. In this environment, the progressive Democratic members of Congress are in a unique position to block specific changes that are in store. While many have already demonstrated support, their effort cannot be taken for granted. For others--especially conservative Republican congress people--hearing from a concerned public can be critical in softening their position or making it less of an obvious priority. Dozens of Congress members and Senators listed below took action in 2016 on the Dakota Access Pipeline--by speaking on the floor, by writing letters to administration officials, by calling local law enforcement agents to account for their violent tactics. Now we need them to form a dedicated position in the face of the pro-development House, Senate and Executive branches. Standing Rock Tribal Chairman David Archambault II recently said: "The nation and the world are watching. The injustices done to Native people in North Dakota and throughout the country must be addressed." Take a moment to see where your Senators and Congress members stand on Standing Rock. Reach out and thank them for taking action and encourage them to remain vigilant in 2017. If your member has not yet taken action, encourage them to take a stand--especially if they have a record of pro-energy development positions. Personal contact can make an incredible difference. You can look up your Congressional Representative here, and your Senators here. In our experience, writing directly to them or, better yet, establishing face-to-face contact (showing up at a meeting to make a statement) are the most effective ways to communicate. Calling their local or national office, and/or emailing them, however, is decreasingly effective. Senators and Congressional members who have publicly supported the Standing Rock Sioux: Sen. Tim Kaine (D-VA) Sen. Al Franken (D-MN) Sen. Cory Booker (D-NJ) Sen. Ed Markey (D-MA) Sen. Ben Cardin (D-MD) Sen. Patrick Leahy (D-VT) Sen. Bernie Sanders (D-VT) Sen. Jeff Merkley (D-OR) Sen. Ron Wyden (D-OR) Sen. Tom Udall (D-NM) Rep. Raul Grijalva (D-AZ) Rep. Jared Huffman (D-CA) Rep. Barbara Lee (D-CA) Rep. Ted Lieu (D-MI) Rep. Steve Cohen (D-TN) Rep. Eleanor Holmes Norton (D-DC) Rep. Jan Schakowsky (D-IL) Rep. Hank Johnson (D-GA) Rep. Alan Grayson (D-FL) Rep. Bonnie Watson Coleman (D-NJ) Rep. Jared Polis (D-CO) Rep. Earl Blumenauer (D-OR) Rep. Zoe Lofgren (D-CA) Rep. Tulsi Gabbard (D-HI) Rep. Adam Smith (D-WA) Rep. Luis V. Gutiérrez (D-IL) Rep. Donna F. Edwards (D-MD) Rep. Louise Slaughter (D-NY) Rep. Alcee Hastings (D-FL) Rep. James McGovern (D-MA) Rep. John Lewis (D-GA) Rep. Brenda Lawrence (D-MI) Rep. Mike Honda (D-CA) Rep. Grace Napolitano (D-CA) Rep. Jerrold Nadler (D-NY) Rep. Lloyd Doggett (D-TX) Rep. Sam Farr (D-CA) Rep. John Conyers (D-MI) Rep. Alan Lowenthal (D-CA) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

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17 января, 22:49

Bonus Quotation of the Day…

(Don Boudreaux) Tweet… is from page 28 of Vol. 12 – Economic Inquiry and Its Logic (2000) – of The Collected Works of James M. Buchanan; specifically, it’s from Jim’s 1976 article “General Implications of Subjectivism in Economics” (link added): Adam Smith was offering an alternative vision of how an economy might work.  It was necessary to provide […]

17 января, 17:51

Which Democrats are skipping Trump’s inauguration?

What started as a trickle has turned into a waterfall as dozens of House Democrats announce they are skipping President-elect Donald Trump’s inauguration this week. At least 40 House Democrats won’t attend Friday’s festivities, many abandoning the ceremony after Trump lashed out at Rep. John Lewis (D-Ga.) over the Martin Luther King Jr. holiday weekend, saying the civil rights icon is “all talk” and “no action.” Democrats in both the House and Senate and even some Republicans rallied around Lewis after Trump’s Twitter lashing. But so far, Democratic leaders still plan to attend the inauguration and no senators have announced they will sit the ceremony out. Lewis has not responded to Trump’s attacks by name but did recount his life as a civil rights activist — including multiple brutal attacks he suffered — during a speech Monday honoring Martin Luther King Jr. Trump targeted Lewis on Twitter after the Democratic lawmaker questioned the incoming president’s legitimacy in an interview with NBC’s Meet the Press. Still, Democratic leaders aren’t likely to skip Trump’s inauguration, aware that could seriously damage any future attempts to work with the incoming president on policy areas where they share common ground, like an infrastructure stimulus. And Senate Democrats, while quick to criticize Trump, have already shown they won’t go as far as their House colleagues in challenging the president-elect. Not one Senate Democrat would join House lawmakers in challenging Trump’s victory during a joint meeting of Congress to certify the Electoral College count earlier this month. Even Congressional Black Caucus Chairman Cedric Richmond (D-La.), who has yet to decide whether he will attend, said his leadership position influences his decision.“If I were not the chairman, there’s no way I would be there,” Richmond told MNSBC’s Rachel Maddow Monday night. “But being in a different role, I think that sometimes you have to make sacrifices. So if I’m there, sitting through that inauguration, you will know that I’m absolutely making a sacrifice to be there.” Democrats have also shied away from joining Lewis in sharply questioning Trump’s electoral victory. On Friday, Lewis announced he was skipping the inauguration, telling NBC he didn’t think Trump was a “legitimate” president after accusations emerged that Russian meddling influenced the election. . Trump “spent five years trying to make sure everyone in the country thought that Barack Obama was not a legitimate president, that he was not born in the United States,” Richmond told Maddow. “And now, for him to cry foul because someone questioned the legitimacy of his presidency, to me it’s just silly and petty.” Massachusetts Democratic Sen. Elizabeth Warren also avoided directly answering questions about Trump’s legitimacy on Monday. “What I agree with is that John Lewis is a man who has earned the right to have his view of Donald Trump’s presidency and legitimacy,” she said after pressed by reporters, the Boston Globe reported.Democratic lawmakers who have announced they are skipping Trump’s inauguration in protest: Arizona: Rep. Raúl GrijalvaCalifornia: Reps. Karen Bass, Tony Cárdenas, Judy Chu, Mark DeSaulnier, Jared Huffman, Barbara Lee, Zoe Lofgren, Ted Lieu, Lucille Roybal-Allard, Raul Ruiz, Mark Takano, Maxine WatersFlorida: Rep. Darren SotoGeorgia: Rep. John Lewis Illinois: Rep. Luis GutiérrezKentucky: Rep. John YarmuthMaine: Rep. Chellie PingreeMaryland: Rep. Anthony Brown Massachusetts: Rep. Katherine Clark Michigan: Rep. John ConyersMinnesota: Rep. Keith Ellison Missouri: Rep. Lacy Clay New Hampshire: Rep. Carol Shea-PorterNew Jersey: Rep. Bonnie Watson Coleman New York: Reps. Yvette Clark, Adriano Espaillat, Jerrold Nadler, José Serrano, Nydia VelazquezOhio: Rep. Marcia Fudge Oregon: Reps. Earl Blumenauer and Kurt Schrader Pennsylvania: Reps. Brendan Boyle and Dwight Evans Tennessee: Rep. Steve Cohen Texas: Rep. Al Green Virginia: Rep. Don BeyerWashington: Rep. Pramila JayapalWisconsin: Rep. Mark Pocan

17 января, 13:05

What Matters More to Your Workforce than Money

Economists have long argued that money doesn’t buy happiness. But compensation is still a major factor for us when we’re considering where to work. What do we know about how more pay influences employees’ motivations? That slice of information can be the difference between a workforce that is satisfied and productive and one that isn’t — costing the business money in the long run. As the chief economist at Glassdoor, my role is to help unearth some of the driving forces behind job seekers’ decisions: why they choose the jobs they do, what matters to them at work, and what causes them to love — or despise — their company or manager. Money Can’t Buy Happiness At Glassdoor we have a unique window into the labor market, as we use reviews and salary surveys to gather insights about companies and employee sentiment. The result is a wealth of real-world data, allowing us to identify the factors beyond pay that really drive happiness at work. One of the most striking results we’ve found is that, across all income levels, the top predictor of workplace satisfaction is not pay: It is the culture and values of the organization, followed closely by the quality of senior leadership and the career opportunities at the company. Among the six workplace factors we examined, compensation and benefits were consistently rated among the least important factors of workplace happiness. The fact that pay is not the main driver of worker satisfaction will come as little surprise to economists. Writing more than 250 years ago, in The Theory of Moral Sentiments, Adam Smith famously warned that material gains often make us less happy, not more. A 2010 study from Princeton University researchers showed that having a higher income increases happiness but only up to about $75,000 per year. Beyond that, higher pay doesn’t influence happiness much, and other factors take over. Our Glassdoor analysis echoes these findings in the workplace. Data scientist Patrick Wong and I took a sample of more than 615,000 Glassdoor users who had both reported their pay and written a review of their employer since 2014. We placed them into four salary groups, from lowest (those earning under $40,000 a year) to highest (those earning over $120,000), and looked at the relative explanatory power of each for employee satisfaction. If we think of our model as a pie of explanatory power, each workplace characteristic represents a slice. Factors with the biggest slices are the biggest drivers of workplace happiness. This data is correlational, but in conjunction with similar results from other research, we believe it offers some recommendations for managers nonetheless. Higher-Earning Employees Have Different Priorities  Although money isn’t a major driver of employee satisfaction, a person’s workplace priorities do change as their income rises. For example, the culture and values of the organization explain about 21.6% of worker satisfaction in the lowest income group, but that rises to 23.4% for the highest incomes. This suggests that higher earners want their employers to share their values and create a positive company image. Other factors whose importance rises as compensation does include the quality of senior leadership (which rises from 20.4% to 22.8% of the predictive pie as income rises) and the importance of career opportunities (rising from 17.5% to 22.8%). At higher pay levels, workers clearly place more emphasis on culture and long-term concerns like leadership and growth opportunities, rather than day-to-day concerns like pay and work-life balance. By contrast, three of the factors we examined were less important to higher-earning employees. Work-life balance declines in importance at higher income levels, falling from 13.2% of the predictive pie to 9.5% as pay rises. High earners are more willing to give up leisure time for work income. We were interested to find that the employer’s business outlook also declines in importance as income rises, but the shift is small. Finally we found that compensation and benefits, in addition to being among the least important factors, fall in importance as income rises. For those earning less than $40,000 annually, pay accounts for only 12.8% of workplace satisfaction. As salary rises, the predictive power of compensation and benefits falls sharply, dropping to 9.8% of the pie for those earning more than $120,000 annually. Focus on Culture Without Compromising Pay Although pay is not the most important driver of employee satisfaction, these results don’t suggest that employers can disregard it. Compensation and benefits may have less predictive power for employee satisfaction than the other factors, but it is still the top factor that job seekers consider when evaluating potential employers, according to a recent Glassdoor survey — particularly for job seekers weighing competing offers. For the purpose of attracting talent, offering competitive pay and benefits remains critical for employers. However, once employers have begun offering pay that’s within the range of competing firms, what’s the next step for improving employee morale, engagement, and productivity? Our research suggests that further tinkering with the compensation package is not likely to improve employee satisfaction much, particularly among higher-earning employees. While pay can help get new talent in the door, our research shows it’s not likely to keep them there without real investments in workplace culture: making a commitment to positive culture and values, improving the quality of senior management, and creating career pathways that elevate workers through a career arc in the organization.