Author: News Desk

August 1, 2013 0

Blog Science

By News Desk

The Beckman Institute at the Uinversity of Illinois was named after Arnold Beckman, so that was a false alarm.Petr Beckmann was quite a character though: http://en.wikipedia.org/wiki/Petr_Beckmann"He defected to the United States in 1963 and became a Professor (later, Emeritus) of electrical engineering at the University of Colorado. In the United States, he became acquainted with novelist Ayn Rand, a contributing editor to a publication devoted to her ideas, The Intellectual Activist, and a speaker at The Thomas Jefferson School, an intellectual conference of similar purpose."" He wrote more than 60 scientific papers and eight technical books. Dr

July 31, 2013 0

About that "Beat the Street" GDP Number

By News Desk

My friend "BC" says How convenient, otherwise real GDP would have printed at 0.8%, prices constant.  Yet, the yoy rate of real final sales per capita is below 1% for the second quarter in a row, whereas the second quarter annualized rate is near contracting. Had the deflator been reported at the rate in Q1, the yoy and 2-qtr. annualized real final sales per capita rates would have been reported as contracting