Hard hitting global and local news
Indiana’s Voucher System Doubles, Public Schools Fight Back With Billboard Ad Campaign; Three Sure-Fire Ways To Improve Schools Indiana has the nation’s largest school voucher system and it is about to double in size. In response, Indiana public schools wage unusual ad campaign .
CBO Expects 2013 "Fiscal Cliff" Recession Because of Automatic Spending Cuts and Tax Hikes Automatic tax hikes and spending cuts will go into effect in 2013 causing a "fiscal cliff" recession according to the CBO. Massive spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, Congress’ budget referee said on Wednesday. The Congressional Budget Office said failure to avoid the so-called "fiscal cliff" of expiring tax cuts and automatic spending reductions would cause U.S
Eli’s Three Laws or Hansen Simply Explained There is an interesting to and fro over at Real Climate about the recent Hansen, Ruedy and Sato paper on an increase in climate extremes. Eli had a go at the preprint. Tamino has entered a demurral, which Eli suspects has an answer in what is below. Now some, not Eli to be sure, think the Rabett is on occasion cryptic. So be it, but in this case he has not quite worked through all the implications and it is better to be thought mysterious than foolish. Still the Bunny is somewhat skilled in boiling things down, and at RC pointed out that there are three simple points in the Hansen paper First if there is an increasing/decreasing linear trend on a noisy series, the probability of reaching new maxima or minima increases with time Second, if you put more energy into a system variability increases. Third , if you put more energy into a system variability increases asymmetrically towards the direction favored by higher energy  Hank added a codicil Fourth, if you keep going in the direction you’re headed, you’ll get there.  The first point has been a standard here at RR and also in various comments about the web in the recent discussions about why there are more temperature maxima than minima. The second is related to the idea that if the parametric landscape affecting anything is not smooth, excursions from a stable state require additional energy to overcome "attractions".
Spain Predicts 4.3% Increase in Tax Revenues, Actual Results are 3.5% Drop; Proposed "Solution" is More Tax Hikes Spain has been devastated by round after round of tax hikes.
Originally posted here: Part II – Robots to Rule the World? Taking All Jobs? Replace Women?
No one should be surprised to learn Greek Shortfall Growing Ever Larger Athens has not been having an easy time coming up with the €11.5 billion in cost cutting measures over the next two years it has promised Europe. Indeed, Greek Prime Minister Antonis Samaras is reportedly set to request an additional two years to make those cuts during meetings later this week with German Chancellor Angela Merkel on Friday and French President François Hollande on Saturday. But according to information obtained by SPIEGEL, the financing gap his country faces could be even greater.
Here is a link to a translated article in Der Spiegel: ECB is planning to challenge interest rate speculation The European Central Bank (ECB) is considering to establish in its future bond purchases interest rate levels for each country. Thus, they would state papers of the crisis countries always buy when interest rates exceed a certain impact on their yields German Bunds.
Original post: New York City Jobs: Striking Divergence in Household Survey vs. Establishment Survey
Anonymous said… You think that Tony has it in for you? Well, I’d like to let you know that I have also been a victim of Tony’s not-so-righteous wrath.Not long ago, I committed the ultimate crime (in Tony’s eyes).
