Showing posts with label Nobel. Show all posts
Showing posts with label Nobel. Show all posts

Sunday, March 9, 2014

Obama"s Nobel Peace Prize: time to give it back?

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Obama"s Nobel Peace Prize: time to give it back?

Monday, October 28, 2013

Why the Threat of Recession Keeps Nobel Prize-Winning Economist Up At Night

Why the Threat of Recession Keeps Nobel Prize-Winning Economist Up At Night
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American economist Robert Shiller may be a winner of the 2013 Nobel Prize in economic sciences for his research into market prices and asset bubbles, but when The Daily Ticker caught up with him, he wasn’t particularly concerned about current market prices or asset bubbles.


So what keeps the Yale professor and S&P/Case-Shiller Home Price Index co-founder up at night?


“The world economy is softening a bit,” he tells us in the accompanying interview. “There’s always a chance of another recession. It’s been six years since the last recession started – they tend to come along with some regularity. Congress is now unable to get things done, and so we won’t have a good response if there’s another recession.”


Related: Future of the Housing Market Is ‘A Great Unknown’: Robert Shiller


Daily Ticker guest Jim Rickards told us earlier this month he expects a recession next year because the recovery is already four-years-old and from a business cycle perspective, we are almost at the end of a normal cyclical recovery. He also factored in economic drags like the sequester, government shutdown and the low labor force participation.


Related: Rickards on Fed & Yellen: Here Comes the ‘Helicopter Money’


Check out the video to find out Shiller’s favorite indicator to watch in order to know when a recession is coming.


Tell Us What You Think!


Send an email to: thedailyticker@yahoo.com.


You can also look us up on Twitter and Facebook.


More from The Daily Ticker


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Al Gore’s Wrong: Renewable Fuels Are Not Replacing Oil & Natural Gas, Says Oil Expert


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Yahoo Finance: The Daily Ticker




Read more about Why the Threat of Recession Keeps Nobel Prize-Winning Economist Up At Night and other interesting subjects concerning Commentary at TheDailyNewsReport.com

Tuesday, October 15, 2013

Nobel Prize Winner as Keynesian Crackpot

Nobel Prize Winner as Keynesian Crackpot
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economicpolicyjournal.com
October 15, 2013


So what does one of the latest Nobel Prize winners, Robert Shiller, think causes unemployment? Capitalism.


I am not making this up.


In a paper titled,  Austerity and Demoralization, he wrote:


Unemployment is a product of capitalism: people who are no longer needed are simply made redundant. On the traditional family farm, there was no unemployment.



The man doesn’t understand simple supply and demand economics, which teaches that any unemployment is transitory (unless government regulations somehow distort the market, e.g. minimum wage laws, unemployment payments). Shiller, further, has no clue as to the phases of the business cycle and why there is a sudden cluster of unemployment in the liquidation phase of the business cycle.


One solution he promotes, though he ultimately dismisses it, is this, which reinforces the idea that he just doesn’t get supply and demand economics:


Work-sharing might keep more people marginally attached to their jobs in an economic slump, thereby preserving their self-esteem. Instead of laying off 25% of its workforce in a recession, a company could temporarily reduce workers’ hours from, say, eight per day to six.



Unless, we are in paradise, there is always demand for workers. The central bank caused business cycle downturns are simply a period when work opportunities shift—no need to force employers into misallocating labor via work-share programs.


Shiller ultimately turns to a  Keynesian 101 solution. More government spending:


[W]e need fiscal stimulus – ideally, the debt-friendly stimulus that raises taxes and expenditures equally. The increased tax burden for all who are employed is analogous to the reduced hours in work-sharing.

But, if tax increases are not politically expedient, policymakers should proceed with old-fashioned deficit spending. The important thing is to achieve any fiscal stimulus that boosts job creation and puts the unemployed back to work.



Yes, anything involving government spending—just don’t allow the free market to resolve central bank induced episodes of high, but transitory unemployment.


That’s the new Nobel prize winner.


This article was posted: Tuesday, October 15, 2013 at 10:16 am


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Infowars




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Sunday, October 13, 2013

Alice Munroe - Nobel Prize Winner is No Tolstoy

 

October 12, 2013


31-munro.jpg


(left, Alice Munroe.)


If people like Henry Kissinger and Barrack Obama can win the Nobel Peace Prize,


it shouldn’t  shock us that a depressive who depicts middle class Canadian life


as tawdry and banal should be honored with the 2013 Nobel Prize in Literature.


This is not a criticism of Alice Munroe.  It is a criticism of the Nobel Prize committee


for promoting a constricting and demeaning image of life, as opposed to one that is


universal, insightful and uplifting.


Christian Lorentzen describes what now passes for great literature. 


The state of Art reflects the state of politics.


Reading ten of her collections in a row has induced in me not a glow of admiration but a state of mental torpor that spread into the rest of my life. I became sad, like her characters, and like them I got sadder. I grew attuned to the ways life is shabby or grubby…”


(London Review of Books, June 2013) 


(Edited/abridged by henrymakow.com)


There’s something confusing about the consensus around Alice Munro. It has to do with the way her critics begin by asserting her goodness, her greatness, her majorness or her bestness, and then quickly adopt a defensive tone, instructing us in ways of seeing as virtues the many things about her writing that might be considered shortcomings…She writes about and redeems ordinary life, ordinary people – ‘people people people’, as Jonathan Franzen puts it.


Ordinary people turn out to live in a rural corner of Ontario between Toronto and Lake Huron, and to be white, Christian, prudish and dangling on a class rung somewhere between genteel poverty and middle-class comfort…


Reading ten of her collections in a row has induced in me not a glow of admiration but a state of mental torpor that spread into the rest of my life. I became sad, like her characters, and like them I got sadder. I grew attuned to the ways life is shabby or grubby, words that come up all the time in her stories, as well as to people’s residential and familial histories, details she never leaves out. How many rooms are in the house, and what sort of furniture and who used to own it and what is everybody wearing? To ask these questions is to live your life like a work of realism. I saw everyone heading towards cancer, or a case of dementia that would rob them of the memories of the little adulteries they’d probably committed and must have spent their whole lives thinking about.


—-


 


bm.jpgThe Beggar Maid: Stories of Flo & Rose (1978) follows a woman, Rose, whose life trajectory bears similarities to Munro’s: a hardscrabble childhood in Ontario; devotion to schoolwork and high social anxiety at school; a scholarship to a provincial university; a romance there that leads to an early marriage, decampment to the suburbs of Vancouver, and immediate motherhood; a middle-class existence that renders the husband stiff, even a bit right-wing; a yearning for a more bohemian milieu; adultery of an unsatisfying sort with an artsy fellow; rupture, divorce, squabbles over child custody; temporary self-imposed exile to some snowbound outpost in the middle of Canada where the singles scene isn’t exactly hopping and desperate loneliness ensues; a return to Ontario, more bad love affairs, and the caretaking of an ageing parent; a lucky break that leads to an exceptional career and something like fame. There are differences between Munro and Rose: Rose’s mother died in her infancy and Flo is her stepmother and, it’s hinted, a lower-class person than either Rose’s birth mother or Munro’s real mother, a teacher who put on airs that alienated both her in-laws and her own family; Rose becomes, in the end, an actress on stage and television, not a distinguished author.


‘Mischief’ is the adultery story in The Beggar Maid: in the maternity ward Rose, whose husband, a former graduate student in history, is now running his family’s department store, befriends a woman called Jocelyn who is connected to the university scene in Vancouver. One of their jokes involves starting sentences with the phrase ‘I’m no prude but …’


Clifford, Jocelyn’s husband and a musician, kisses Rose at a party, and they start an affair that involves snogging in cafés and a logistically awkward rendezvous in a town where Clifford is playing in a concert. He gets cold feet and the affair is never consummated.


ARP3688911.jpg(In wake of Nobel Prize, unwary people stock up on Munroe)


Years later, Rose is divorced and living in rural Ontario, and Jocelyn and Clifford have moved to Toronto. They’re all in their forties and their children have grown up. Jocelyn and Clifford invite Rose over for occasional long nights of drinking; they also have it out in front of her about their marital dissatisfactions. One night after a party:


‘What can we do?’ said Rose. ‘We shouldn’t drink anymore.’


‘We could make love,’ Clifford said.


Jocelyn and Rose said, ‘Really?’ at exactly the same time. Then they linked their little fingers and said, ‘Smoke goes up the chimney.’


Following which, Clifford removed their clothes. They didn’t shiver, it was warm in front of the fire. Clifford kept switching his attention nicely from one to the other. He got out of his own clothes as well. Rose felt curious, disbelieving, hardly willing, slightly aroused and, at some level she was too sluggish to reach for, appalled and sad. Though Clifford paid preliminary homage to them both, she was the one he finally made love to, rather quickly on the nubbly hooked rug.


Poor Rose! For the rest of the book her assignations and affairs are either botched by snowstorms or cut short because the man dies of cancer without calling her back. She sees her ex-husband in an airport and he looks shriveled and full of hatred for her. ‘At some level’, sex will always appall her: she can’t help it – it’s her prudish upbringing.





Visit Neobiotica.com








henrymakow.com



Alice Munroe - Nobel Prize Winner is No Tolstoy

Sunday, October 6, 2013

5 achievements that haven"t won a Nobel Prize

STOCKHOLM (AP) — The announcements of this year’s Nobel Prize winners will start Monday with the medicine award and continue with physics, chemistry, literature, peace and economics. The secretive award committees never give away any hints in advance of who could win, but here’s a look at five big scientific breakthroughs that haven’t yet received a Nobel prize.
Science Headlines



5 achievements that haven"t won a Nobel Prize

Friday, September 6, 2013

Kirsten Powers: Obama Should Return His Nobel Peace Prize





BILL O’REILLY: Should the president give back his Peace Prize, Powers?


KIRSTEN POWERS: Yeah. He should have given it back a long time ago, actually — for the drone war, for the escalating the war in Afghanistan, having all these people die unnecessarily. Plenty of civilians have been killed by his drone war, including children. So, I estimate 200 children being killed by the drone war.




RealClearPolitics Video Log



Kirsten Powers: Obama Should Return His Nobel Peace Prize