Black Friday Sale- prices in Europe close to freezing, by Andrew Wishart

davidsym0nds's avatar...And Markets for all

Today marks ‘Black Friday’ with low prices exciting consumers across the globe as America’s retail tradition spreads. However, low prices are causing a real headache for policymakers and economists across Europe. This morning’s inflation figures for November confirm Europe is on the brink of deflation, a scenario in which the price level falls. This may sound like a good thing, but it is usually regarded as very damaging, and I will come back to why later.

First a look at the figures. Overall euro area inflation (the change in prices compared to the same month a year ago) fell to 0.3 per cent in November, down from 0.4 per cent last month, matching the five year low seen in September and in line with market expectations. The below charts are really useful in seeing what is driving these price changes and also allow us to unpick which items drove the…

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Book Review: Poor Economics – A Radical Rethinking of the Way to Fight Global Poverty

Rida H. B.'s avatarDo No Harm

I recently finished reading Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty  by Abhijit Banerjee and Esther Duflo. The co-authors who are rockstars in the field of experimental development economics have pioneered the randomized control trials (RCTs) movement, which offers a rigorous evaluation of development interventions. The book draws on the evidence generated from RCTs but complements it with anecdotes, which offer a nuanced rethinking of how we understand poverty and subsequently design anti-poverty policy.

In a nutshell, the book illuminates the multi-faceted economic lives of the poor. What sets it apart from numerous other books on similar topics is the anthropological approach taken by the economists. The book shines in the authors’ visible efforts to engage closely with the poor and understand how they make decisions and adopt certain coping strategies as narrated through stories in the text. They highlight the inherent contradictions in the…

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Life or Death Professional Development

Great post…no comment within the body of the piece as to the banning of guns in the first place, but that wasn’t what this was about…

stevenmsinger's avatargadflyonthewallblog

12184861-standard

 

You know what’s funny about school shootings?

 

It’s the only time the public still universally loves teachers.

 

We don’t trust them with collective bargaining rights. We don’t think they deserve a decent salary. Heck! We don’t even trust their judgement to design their own teaching standards, lead their own classrooms or be evaluated by their own principals!

 

But when armed assailants show up at school, then we think teachers are just great.

When angry teens arrive rifles strapped to their trench-coated backs, carrying duffel bags full of ammunition – then teachers are heroes.

 

I guess you can’t standardize your way past a bullet.

 

My school district had an outstanding training today. Administration brought in current and retired FBI agents, local law enforcement and EMTs to practice active shooter drills with the teachers.

 

We spent the morning learning about common factors between various school…

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