So these flying cars have roots in inefficient helicopters, when measured by fuel consumed per passenger mile. The article also makes an important point: if you invest in public transportation infrastructure on the ground, the need to “fly above the fray” is mitigated. The article cites Tokyo as an example. I’ve never been. If you have, please comment on the Tokyo public transit infrastructure. I’d like to hear how smooth (or non-smooth) it is.
That Flying-Car Future Looks Like a Dystopia
To the chagrin of many current and future students, it looks like I must work well into my 60s…
Seriously though, this article provides interesting perspective on population trends and economic impacts of immigration policy. You guessed it, a more inclusive policy (that is enforced) is better for the long-term health of the nation.
Too Many Americans Will Never Be Able to Retire
This article points out an interesting contradiction in the quantitative approach “that the approach exploits inefficiencies, but requires market efficiency to realign prices to generate returns.”
Perhaps the old saying “success is a journey, not a destination” applies…
Why the Quants Aren’t Adding Up
Interesting read. I never thought of higher education as a service that we export, every bit as important as soybeans and coal – perhaps more important. That is an interesting perspective consistent with reality. Soybean crop values totaled $38 billion in 2016: USDA website. Coal exports in 2018 were about $9 billion: EIA website. Hopefully, someday, we can get back to policies that promote education here in the U.S., welcome students from abroad, and thereby help our economy in the near and long-term.
Foreign Students Sour on America, Jeopardizing a $39 Billion Industry
Our President has barred the U.S. delegation from the World Economic Forum in Davos, Switzerland – over a government shutdown caused by his demands for a border wall with Mexico. Both acts indicate a lack of interest in global trade (even though the President and his family profit from global trade.) Nevertheless, here are a few quotes from the article:
“the rest of the world appears to have decided globalization isn’t the enemy after all, and that leaves the U.S. playing trade catch-up.”
“closing up is not the answer”
“Shortly, the vast majority of economic growth will be taking place outside the West”
One Trump-supporting cattle rancher stated “If we don’t have a bilateral deal with Japan in three years, we are going to have some problems.”
Wait a second, did that cattle rancher, that allegedly believes in globalization, understand the trans pacific partnership deal already in place from the Obama Administration (and exited by Trump), already provided access to Japan and other markets? Was he vocal about his support of the Obama Administration that forged an agreement (TPP) to help his cattle business? Perhaps not but I leave it to the readers to ponder why someone would not support an administration that has helped them while supporting another that harms them.
Globalization Is Surviving Trump
So these tariffs are not paid by the Chinese people, companies, or government. Rather, tariffs are paid by U.S. business (e.g., higher input costs such as aluminum and steel) and U.S. consumers (e.g., higher prices on products at WalMart). The retaliatory tariffs from China on U.S. agricultural products reduced demand. Demand for things like soybeans reduced so much that crops are left to rot in the field. Then the government promises to pay farmers billions which apparently adds up to most of the tariffs collected by the government. Then the government shutdown causes concern about the ability to even write the check to the farmers promised payment for not farming.
If you follow those facts, you could conclude that U.S. businesses and consumers are paying farmers to be idle. Doesn’t make much sense to me. Then again, I don’t understand much of the “policy” coming from this administration. If you read the article below, you will see that policy makers from the Reagan and Bush administrations don’t see the benefit of this trade war either.
Trump’s Tariffs Are Producing Billions, But China Isn’t Paying
Long ago I posted an article from the Smithsonian (now closed due to the government shutdown) regarding the difficulties in building the proposed border wall:
Now we see the ripple effects of President Trump demanding American taxpayers pay, via our own government budget, for the wall that he himself said some 20+ times would be paid for by Mexico (http://fortune.com/2018/12/13/trump-mexico-border-wall/). Those 800,000 federal workers on furlough or working without pay were not enough to have our President “get off the wall” (sorry, had to use the pun). Now we see the profits of big corporations negatively impacted by the government shutdown. Perhaps that will be enough.
Keeping Wall Promise Is Blocking Other Signature Trump Pledges